Favorable terms
By submitting a leasing, you will receive special interest rate:
- 1,85% per annum + EURIBOR – for the purchase of new cars on lease
- 1,45% per annum + EURIBOR – for cars that are not older than 10 years at the end of the leasing period
- 1,45% per annum + EURIBOR – for plug-in hybrid vehicles (PHEV), when purchasing a new car from an SEB Leasing partner
The offer is valid until August 31.
Reach your goal in just a few steps
- Choose a car you would like to purchase
- Apply for leasing and receive an answer about your financing opportunities
- In the agreement you can choose the insurance for your car
- Sign the agreement remotely
- Make the first deposit
- Register your car at the Road Traffic Safety Directorate (CSDD)
- SEB leasing transfers funds to the car seller
We encourage you to choose eco friendly car
- Favorably interest rate 1,45% + EURIBOR (for cars that are not older than 10 years at the end of the leasing period)
- Special interest rate for plug-in hybrid vehicles (PHEV): 1.45% + EURIBOR, when purchasing a new car from an SEB Leasing partner*
- First deposit for operating and financial lease starting from 10%
- Lower maintenance costs
- Special price for CASCO insurance
- Your responsible choice for our planet
*The offer is valid until August 31.
Feedback from our customers
"I received the car before the competing bank was able to make an offer. Speed is important today. Thank you!"
Comment from NPS survey
"I have taken both a housing loan and a car lease from SEB. SEB has made good offers without excessive question-and-answer round and time delay."
Comment from NPS survey
"Pleasant and fast service remotely (by phone and e-mail)."
Comment from NPS survey
When choosing leasing in SEB you can be sure about lot of things
Insurance for protection in unexpected situations
Both CASCO and MTPL insurance are provided by If insurance.
Learn more about vehicle insurance.
Please send your CASCO insurance policy to apdrosinasana@seb.lv or deliver it to SEB customer service point.
Information about the distributor of insurance products (PDF, LAT)
Advantages of CASCO:
- A special price offer for our customers
- Unlimited car replacement cover
- Possibility to split insurance premium in 12 payments
- Insurance is valid in Europe without an additional cost
Leasing calculator
*Calculation example:
The monthly payment is 529 EUR, assuming that the car purchase amount is 30 000 EUR, the amount of customer’s down payment is 3000 EUR (10% of the purchase value), the term of the financial lease is 5 years, the interest rate is 2.5% + variable 3M EURIBOR, and the commission fee for processing the leasing is 450 EUR (1.5% of the car purchase amount). The annual percentage rate is 7.47%. The total amount to be repaid during the lease term is 32 167 EUR. This example is for informative purposes only, and the situation of each customer is assessed individually.
In case you make a full early repayment of the financial leasing, you have the right to a fair reduction of the commission fee paid for the preparation of leasing agreement. In such case, please submit a request to SEB leasing for the recalculation and repayment of the commission fee.
Types of leasing
Financial
Suitable if you plan to use the car for a long period of time and receive the car into ownership at the end of the lease term.
Operating
Suitable if you plan to use the car for a certain period of time and return the car at the end of the lease term without selling it. If you wish to use the car for a longer period of time, you may replace the operating lease with a financial lease.
Comparison example
Price of the vehicle – 15 000 EUR
Term – 5 years
First deposit – 10% or 1500 EUR
Commission fee – 1,5% or 225 EUR
Calculate the most beneficial leasing using the calculator
| Service | Financial lease | Operating lease |
|---|---|---|
|
Monthly instalment (60 months) |
242 EUR | 162 EUR |
|
Residual value at the end of the lease (35%) |
0 EUR | 5250 EUR |
|
Total costs |
16 245 EUR | 11 445 EUR |
|
Vehicle is transferred into the ownership of the customer |
Vehicle is returned to the SEB leasing |
At some point you might need some of this
| Service | Fee |
|---|---|
| Lease application review | Free of charge |
| Fee for the preparation of leasing agreement4 | 1,5% of the price of leasing object, min 150.00 EUR (incl. VAT) |
| Additional commission for preparation of leasing agreement in 2 languages (Latvian and English) | 150.00 EUR (incl. VAT) |
| Changes in leasing agreement or payment schedule by clients' initiative | 150.00 EUR (incl. VAT) |
| Issuing of documents (accounting statements, etc.) and document copies from archive by clients' initiative | 34.00 EUR (incl. VAT) |
| Issuing power of attorney for going outside borders of the Latvian Republic for one person | 30.00 EUR (incl. VAT) |
| Fee for sending invoices via post | 3.50 EUR (incl. VAT) |
| Fee for leasing repayment before the term incl. additional invoice issuing for partial repayment (in case of floating interest rate)1 | Free of charge |
| Fee for leasing repayment before the term cancellation | 34.00 EUR (incl. VAT) |
| Fee for preparation, formatting or coordination of documents in case of the refinancing of leasing in another finance institution (agreements, contracts and their changes, requests, applications and others) | Free of charge |
| Fee for renewal of lease agreement by the Customer initiative without changes in the leasing agreement2 | 95.00 EUR (incl. VAT) |
| Commission fee for giving consent to transfer a vehicle to a trading company | 95.00 EUR (incl.VAT) |
| Fee for uninsured Lease object monitoring3 | 12.10 EUR (incl. VAT) |
| Fee for preparing the final invoice for a third party | 50.00 EUR (incl. VAT) |
1 In case leasing agreement is with fixed interest rate, for repayment before term additionally is applied compensation for fixed interest rate termination expenses, but not more than stated in rules “Rules about crediting consumers" by The Cabinet of Ministers".
2 In cases when expropriation process of leased asset is not started.
3 The fee is charged if the Lease object is not insured for more than 30 days.
4 In case you make a full early repayment of the financial leasing, you have the right to a fair reduction of the commission fee paid for the preparation of leasing agreement. In such case, please submit a request to SEB leasing for the recalculation and repayment of the commission fee.
Have a question about leasing or purchasing a car?
We will contact you at the earliest convenience to find the right solution according to your needs.
- Our client executives will help you find the right solution for your needs
- We have a dedicated team of profesionals you can trust
- 90% of requests get feedback in less than 2 hours
