Car loans and leasing

The partner lists car leasing amounts of up to €25,000. Some car loan offers may provide a higher amount. Your available financing is assessed individually by the lender based on income stability, existing commitments and your ability to make monthly payments.

A car purchased with a car loan is registered in your name. With leasing, the leasing company owns the vehicle until the obligations specified in the agreement are fulfilled, while you are its registered keeper and user.

The most suitable option depends on the car and your financial situation. Compare the annual percentage rate (APR), fees, total repayment amount and insurance requirements, not just the monthly payment. Applying through our partner eLīzings helps you find available offers; the individual lender sets the final terms.

A car loan generally does not require a down payment, so you can apply to finance the full purchase price. Leasing offers without a down payment may also be available. This depends on the lender's terms and your affordability assessment.

Comprehensive insurance (KASKO) is generally not mandatory for a car loan. A leasing company may require it under the agreement. Check the insurance requirements and costs before accepting an offer.

No. The partner's car financing options do not combine these two products for the purchase of one vehicle. With a loan, the borrower owns the car; with leasing, the leasing company owns it. You therefore need to choose one of these financing options.

You can apply for car purchase financing from the age of 18. Each lender has its own requirements, and a guarantor may be needed in some cases. Being of legal age does not itself guarantee approval.

Past credit history problems do not always prevent you from applying. Lenders assess each situation individually, considering current income, commitments and payment history. Available options may differ, and approval cannot be guaranteed.

A car loan may also be suitable for purchasing a vehicle abroad. Leasing generally requires the car to have been imported into or registered in Latvia; the partner also recommends a completed technical inspection. Confirm the purchase and required documents with the finance provider before proceeding.