Car Leasing 2026: Bank Comparison and Best Terms

Car leasing in Lithuania in 2026 is one of the most popular ways to acquire a vehicle. In the first half of 2025, over 23,000 new vehicles were registered in the country -- a third more than in the previous period, and more than half of them were acquired through leasing. Declining EURIBOR interest rates, simplified processes, and growing competition between financiers mean one thing: today, getting a car lease is easier, cheaper, and more convenient than ever before.

But a natural question arises -- which bank or leasing company should you choose? SEB leasing, Swedbank leasing, Citadele, Inbank, General Financing, Mogo -- each has its own strengths and different terms. In this article, you will find a comprehensive comparison of all major Lithuanian leasing providers with actual interest rates, terms, and concrete calculation examples.

If you want to quickly calculate your monthly payment -- use our car leasing calculator.

Leasing market overview 2026

EURIBOR trends

EURIBOR -- the inter-bank interest rate to which many leasing companies "attach" their margin. At the beginning of 2026, the 6-month EURIBOR stands at around 2.2--2.3%, and the 3-month EURIBOR at around 2.0--2.1%. This is significantly lower than the 2023--2024 peaks (above 3.5--4%), and it directly translates to more favorable leasing terms for you.

The European Central Bank continues its interest rate reduction policy, so analysts predict that EURIBOR should continue to decline gradually throughout 2026. This is good news for anyone considering car leasing.

Market statistics

• 53% of new vehicles in Lithuania are acquired through leasing
• Average leasing contract value -- approximately 17,000--20,000 EUR
• Average leasing term -- approximately 5 years (60 months)
• Number of leasing applications for private individuals in 2025 grew 37% (Citadele data)
• Applications for consumer loans for vehicles in 2025 grew as much as 82%

Interest rate range 2026

Current indicative leasing interest rates in Lithuania:

• Electric vehicles: from 1.45% + EURIBOR (total from ~3.5%)
• Hybrids: from 1.49--1.75% + EURIBOR (total from ~3.7%)
• Petrol/diesel: from 2.29% + EURIBOR (total from ~4.3%)

It's important to understand: these are base rates offered to customers with good credit ratings and sufficient down payment. The actual interest rate may vary depending on your creditworthiness, vehicle age, and other factors.

Bank and leasing company comparison

1. SEB Leasing

SEB Bank -- one of the largest and oldest banks in Lithuania, with many years of experience in car leasing. SEB leasing is characterized by stability, competitive interest rates, and a wide service network.

Key terms:

• Interest rates: from 1.45% + EURIBOR (electric vehicles), from 1.75% + EURIBOR (hybrids), from 2.29% + EURIBOR (petrol/diesel)
• Total annual rate: indicative 3.5--4.5% (depending on vehicle type and customer profile)
• Down payment: from 10% (15--20% recommended for better offers)
• Maximum term: up to 84 months (7 years)
• Vehicle age: not older than 13 years at contract end
• CASCO: mandatory throughout the leasing period
• Online application: yes, through SEB online banking
• Decision speed: typically 1--2 business days
• Residual value: option to set residual value (up to 35%)

Special conditions:

• Most favorable interest rates for electric and hybrid vehicles
• Ability to acquire new and used vehicles
• Interest rates set individually based on creditworthiness assessment

Advantages:

• Among the lowest interest rates in the market (especially for new vehicles)
• Stable, trusted bank with long-standing experience
• Wide network of branches throughout Lithuania
• Flexible residual value setting option
• Convenient for existing SEB customers -- everything in one bank

Disadvantages:

• Mandatory CASCO insurance (additional cost)
• Stricter requirements for customer creditworthiness
• Not the fastest decision process
• Limited vehicle age (not older than 13 years at contract end)

Best for: New or modern used vehicle buyers who value the lowest interest rates and are prepared to pay a down payment and CASCO.

2. Swedbank Leasing

Swedbank -- the largest bank in Lithuania by number of customers, offering a wide range of car leasing products for both private individuals and businesses. Swedbank leasing -- a trusted choice with the most experience in the market.

Key terms:

• Interest rates: from 1.45% + EURIBOR (electric vehicles), from 1.75% + EURIBOR (hybrids), from 2.29% + EURIBOR (petrol/diesel)
• Total annual rate: indicative 3.5--4.5%
• Down payment: from 10% (finances up to 95% of vehicle value, in exceptional cases -- up to 100%)
• Maximum term: up to 84 months (7 years)
• CASCO: mandatory
• Online application: yes, through Swedbank online banking
• Decision speed: 1--2 business days
• Residual value: yes, option to set (typically 30--40%)

Special conditions:

• More favorable terms for electric and low-emission vehicles
• Ability to combine leasing with other Swedbank products
• Operating leasing option for businesses

Advantages:

• Largest bank -- reliability and stability
• Widest service network in Lithuania
• Convenient integration with Swedbank account and card
• Ability to obtain financing up to 100% of vehicle value
• Operating leasing option

Disadvantages:

• Mandatory CASCO insurance
• Stricter requirements for vehicle age and condition
• More bureaucratic process than smaller companies
• Interest rates not always most competitive for older vehicles

Best for: Existing Swedbank customers who want everything in one place, and those buying new or fairly new vehicles.

3. Citadele Leasing

Citadele Bank -- a rapidly growing player in Lithuania's car financing market. During the first eight months of 2025, Citadele leasing applications for private individuals grew by 37%. The bank stands out with competitive interest rates, fast service, and more flexible terms.

Key terms:

• Interest rates: from 2.49% + 3-month EURIBOR (fixed portion)
• Total annual rate: indicative 4.5--5.8% (APRC may reach ~6%)
• Down payment: from 10%
• Maximum term: up to 84 months (7 years)
• CASCO: mandatory
• Online application: yes, through Citadele online banking
• Decision speed: often same business day
• Residual value: yes, option to set

Special conditions:

• Very fast application processing
• Consumer loan for vehicle without CASCO option (up to 30,000 EUR)
• Offer valid until September 1, 2026

Advantages:

• Fast decision-making -- often within hours
• Two financing options: leasing (with CASCO) or consumer loan (without CASCO)
• Competitive interest rates
• Modern, convenient online platform
• Actively growing bank -- seeking to attract customers with attractive offers

Disadvantages:

• Smaller branch network than SEB or Swedbank
• Variable interest rates (depend on EURIBOR changes)
• CASCO still mandatory for leasing

Best for: Those who value speed and flexibility, wanting a decision the same day. Also for those considering a consumer loan for a vehicle as an alternative to leasing.

4. Inbank Leasing (auto loan)

Inbank -- an Estonian-origin fintech bank that offers auto loans in Lithuania (not classic leasing). This means a simplified process, fast decision, and fewer formalities. Inbank leasing (more accurately -- auto loan) is especially suitable for those who don't want to pay a down payment and CASCO.

Key terms:

• Interest rates: fixed from 5.9% annual
• Total annual rate (APRC): individual, typically 7--12%
• Maximum amount: up to 20,000 EUR
• Down payment: not required (0%)
• Maximum term: up to 72 months (6 years)
• CASCO: not mandatory
• Online application: yes, fully digital process
• Decision speed: minutes

Special conditions:

• Can finance not just vehicles but also motorcycles and ATVs
• Vehicle becomes your property immediately
• No need to be an Inbank customer -- application open to all

Advantages:

• Fastest process in the market -- decision within minutes
• No down payment needed
• CASCO not mandatory -- save 400--2,000 EUR per year
• Vehicle is yours immediately
• Simple, digital application
• Suitable for used vehicles of any age

Disadvantages:

• Higher interest rates than traditional banks (from 5.9%)
• Maximum amount only 20,000 EUR -- not suitable for expensive vehicles
• This is a loan, not a lease -- no residual value option
• APRC can be significantly higher than traditional leasing

Best for: Used vehicle buyers up to 20,000 EUR who value speed, don't want to worry about down payment and CASCO, and want to own the vehicle immediately.

5. General Financing (GF Bank)

General Financing Bank (GF) -- a specialized Lithuanian bank operating since 2020, offering auto leasing and consumer loan services. GF Bank stands out for its flexibility -- it finances vehicles of various ages without requiring CASCO.

Key terms:

• Interest rates: fixed from ~9.9% annual (individual, depends on creditworthiness)
• Total annual rate (APRC): typically 13--16%
• Financing amount: from 3,000 to 25,000 EUR
• Down payment: not required or minimal
• Maximum term: up to 84 months (7 years)
• CASCO: not mandatory
• Application: online, by phone (1851) or at Lithuanian post offices
• Decision speed: funds transferred same or next business day
• Vehicle age: no restrictions

Special conditions:

• Ability to defer first payment up to 3 months
• Finances motorcycles, ATVs and other vehicles
• Vehicle becomes purchaser's property immediately
• Wide service points through Lithuanian postal network

Advantages:

• No vehicle age restrictions -- suitable for older vehicles
• CASCO not mandatory
• Ability to defer first payment
• Wide service network (through post offices)
• Simple process, no need to be a specific bank customer

Disadvantages:

• Higher interest rates than traditional banks
• APRC can reach 15--16%
• Maximum financing amount -- 25,000 EUR
• Not as well-known brand

Best for: Older or cheaper vehicle buyers who can't get leasing from a traditional bank due to vehicle age or their financial situation. Also for those where CASCO requirement is critical.

6. Mogo Leasing

Mogo -- an online-first leasing company specializing in used vehicle financing. Mogo stands out with fast, fully digital process and the ability to finance up to 100% of vehicle value with no down payment.

Key terms:

• Interest rates: from ~14--19% annual (fixed, depends on amount and term)
• Total annual rate (APRC): can reach up to 36--44%
• Financing amount: from 2,000 to 15,000 EUR
• Down payment: not required (0%)
• Maximum term: up to 84 months (7 years)
• CASCO: not mandatory
• Online application: yes, fully digital process
• Decision speed: minutes, funds same day

Special conditions:

• Ability to use leasing with residual value
• Vehicle registered in Mogo's name during leasing period
• Finances up to 100% of vehicle value

Advantages:

• Fastest process -- decision within minutes
• No down payment needed
• CASCO not mandatory
• Finances older and cheaper vehicles
• Entire process online -- no need to visit an office
• Ability to obtain financing even with non-ideal credit rating

Disadvantages:

• Highest interest rates in the market
• APRC can be very high (up to 44%)
• Maximum amount only 15,000 EUR
• Vehicle belongs to Mogo during lease, not you
• Less suitable for more expensive or new vehicles

Best for: Buyers who need to quickly finance a used cheaper vehicle (up to 15,000 EUR) and who can't or don't want to approach a traditional bank.

7. Luminor Leasing

Luminor -- another major bank player in Lithuania's leasing market, offering competitive terms especially for eco-friendly vehicles.

Key terms:

• Interest rates: from 1.45% + 3-month EURIBOR (electric vehicles), from 1.49% + EURIBOR (up to 50 g/km CO2), from 1.79% + EURIBOR (hybrids)
• Down payment: from 10%
• Maximum term: vehicle age at contract end -- up to 15 years (electric vehicles -- up to 11 years)
• CASCO: mandatory
• Total annual rate: ~3.9% (APRC example -- electric vehicle 24,000 EUR)

Luminor offers very competitive interest rates, similar to SEB and Swedbank. This is a good choice for existing Luminor customers buying new or fairly new vehicles.

8. Bigbank Leasing

Bigbank -- an Estonian-origin bank offering both car leasing and vehicle loans in Lithuania.

Key terms:

• Interest rates (business leasing): from 2.5% + EURIBOR
• Green leasing: from 2.4% + EURIBOR
• Down payment: from 10% (electric vehicles -- possibility of 0%)
• Maximum term: up to 96 months (8 years)
• Vehicle age: not older than 15 years at contract end
• CASCO: mandatory for leasing

Bigbank stands out with the longest leasing term (up to 96 months) and a special green leasing for electric vehicles with no down payment. This is suitable for those who want the lowest possible monthly payment.

Interest rate comparison table

*Unlimited -- practical amount depends on customer creditworthiness and vehicle value.

What we see in the table?

Two clear groups emerge:

1. Traditional banks (SEB, Swedbank, Luminor, Citadele, Bigbank) -- lowest interest rates, but require down payment and CASCO insurance. Best for new and fairly new vehicles.

2. Fintech and specialized financiers (Inbank, GF, Mogo) -- higher interest rates, but more flexible terms: no down payment needed, CASCO not mandatory, finance older vehicles. Faster process.

The choice depends on your situation -- we'll help you decide below.

How to choose the best car lease

There's no one "best" lease -- there's the best lease for your situation. Here's how to make a decision:

By vehicle age

New vehicle (0--3 years): Choose SEB leasing, Swedbank leasing or Luminor. These banks offer the lowest interest rates for new vehicles, and CASCO insurance for a new car is a sensible decision anyway.

Used vehicle (3--8 years): Citadele leasing or Swedbank -- still offer good terms for used vehicles. Inbank is also a good choice if you don't want CASCO.

Older vehicle (8+ years): General Financing or Mogo -- these financiers don't restrict vehicle age. Traditional banks usually don't finance vehicles that will be older than 13--15 years at contract end.

By available down payment

You have 15--20% or more: SEB or Swedbank -- with a larger down payment you'll get the lowest interest rates. This is the financially most sensible scenario.

You have 10%: Any of the traditional banks (SEB, Swedbank, Citadele, Luminor) -- 10% is the minimum requirement.

You have no down payment: Inbank, General Financing or Mogo -- these financiers don't require a down payment. Inbank offers the best interest rates in this group.

By monthly budget

If your monthly car budget is limited, consider these strategies:

• Longer term -- reduces monthly payment (but increases total amount). Bigbank offers up to 96 months.
• Residual value -- allows you to reduce the monthly payment because you don't pay for part of the vehicle's cost during leasing. SEB, Swedbank, Citadele offer this option.
• Cheaper vehicle -- sometimes it's better to buy a reliable, cheaper vehicle than to take on a large credit.

Check your options with WHEELSTREET leasing calculator -- it will help you find the optimal combination of monthly payment and term.

By vehicle type

Electric vehicle: Unquestionably SEB, Swedbank or Luminor -- these banks offer the lowest interest rates for electric vehicles (from 1.45% + EURIBOR). Bigbank also offers green leasing for electric vehicles with no down payment.

Hybrid (up to 50 g/km CO2): SEB, Swedbank, Luminor -- interest rates from 1.49% + EURIBOR. This is the second most favorable category after electric vehicles.

Petrol/diesel: All leasing providers finance traditional vehicles. The interest rate difference between providers here is smaller, so it's worth comparing a few offers.

By speed

Need a decision today: Inbank (minutes) or Mogo (minutes) -- fully digital process, decision almost instantly.

Can wait 1--2 days: SEB, Swedbank, Citadele, Luminor -- you'll save on interest if you can wait for the standard processing time.

Calculation examples

We present three real examples so you can compare how the total cost varies depending on the financier chosen.

Example 1: New vehicle 30,000 EUR, 20% down payment

Scenario: You're buying a new Toyota Corolla Cross Hybrid (30,000 EUR). You have 6,000 EUR for down payment (20%). Leasing term -- 60 months, no residual value.

SEB / Swedbank leasing:

• Financed amount: 24,000 EUR
• Annual interest rate: ~3.8% (1.75% + 2.05% EURIBOR)
• Monthly payment: ~439 EUR
• Total amount paid (with down payment): ~32,340 EUR
• Overpayment: ~2,340 EUR
• CASCO cost (~700 EUR/month): +3,500 EUR over 5 years

Citadele leasing:

• Financed amount: 24,000 EUR
• Annual interest rate: ~4.5% (2.49% + 2.01% EURIBOR)
• Monthly payment: ~448 EUR
• Total amount paid (with down payment): ~32,880 EUR
• Overpayment: ~2,880 EUR
• CASCO cost: +3,500 EUR over 5 years

Inbank (auto loan):

• Cannot finance -- exceeds 20,000 EUR limit

In this scenario, SEB and Swedbank leasing is the best choice. Interest rates are lowest, and CASCO for a new vehicle is worth having anyway.

Example 2: Used vehicle 15,000 EUR, small down payment

Scenario: You're buying a 4-year-old Volkswagen Golf (15,000 EUR). You have 1,500 EUR for down payment (10%). Leasing term -- 60 months.

Swedbank leasing:

• Financed amount: 13,500 EUR
• Annual interest rate: ~4.3% (2.29% + 2.01% EURIBOR)
• Monthly payment: ~250 EUR
• Total amount paid (with down payment): ~16,500 EUR
• Overpayment: ~1,500 EUR
• CASCO cost (~500 EUR/month): +2,500 EUR over 5 years

Citadele leasing:

• Financed amount: 13,500 EUR
• Annual interest rate: ~4.5%
• Monthly payment: ~252 EUR
• Total amount paid (with down payment): ~16,620 EUR
• Overpayment: ~1,620 EUR
• CASCO cost: +2,500 EUR over 5 years

Inbank (auto loan):

• Financed amount: 15,000 EUR (no down payment)
• Annual interest rate: ~7% (fixed, individual)
• Monthly payment: ~297 EUR
• Total amount paid: ~17,820 EUR
• Overpayment: ~2,820 EUR
• CASCO cost: 0 EUR (not mandatory)

Total cost with CASCO:

• Swedbank: ~19,000 EUR
• Citadele: ~19,120 EUR
• Inbank (without CASCO): ~17,820 EUR

Surprise: although Inbank's interest rates are higher, the total cost may be lower due to non-mandatory CASCO! However, it's important to understand that without CASCO you take a risk -- if the vehicle is damaged or stolen, you bear the losses.

In this scenario the choice depends on your risk tolerance. If you want peace of mind -- Swedbank or Citadele with CASCO. If you want to save -- Inbank without CASCO.

Example 3: Older vehicle 8,000 EUR, no down payment

Scenario: You're buying a 10-year-old Škoda Octavia (8,000 EUR). You have no down payment. Preferred term -- 48 months.

SEB/Swedbank/Citadele:

• Most traditional banks will not finance such a vehicle because at contract end it will be 14 years old (exceeds 13-year limit).

Inbank (auto loan):

• Financed amount: 8,000 EUR
• Annual interest rate: ~8% (fixed, individual)
• Monthly payment: ~195 EUR
• Total amount paid: ~9,360 EUR
• Overpayment: ~1,360 EUR

GF Bank:

• Financed amount: 8,000 EUR
• Annual interest rate: ~9.9% (fixed)
• Monthly payment: ~202 EUR
• Total amount paid: ~9,696 EUR
• Overpayment: ~1,696 EUR

Mogo:

• Financed amount: 8,000 EUR
• Annual interest rate: ~16% (fixed)
• Monthly payment: ~227 EUR
• Total amount paid: ~10,896 EUR
• Overpayment: ~2,896 EUR

In this scenario Inbank is the best choice -- lowest interest rates of all available options for an older vehicle. GF Bank -- second place. Mogo should be your last option due to highest interest rates.

Want to calculate your individual scenario? Use our car leasing calculator -- it works with any amount, term and interest rate.

Financial leasing vs operating leasing

Before signing a contract, it's important to understand two main types of leasing:

Financial leasing (hire-purchase)

The most popular option for private individuals. You make monthly payments, and once you've paid the last one -- you become the vehicle owner.

• Vehicle transfers to your ownership
• You can choose residual value (reduces monthly payment)
• CASCO usually mandatory
• Advantages for businesses: VAT deduction, depreciation write-off

Operating leasing (maintenance leasing)

A long-term rental -- the vehicle never becomes yours. After the contract ends, you return it or exchange it for a new one.

• Lower monthly payments (you only pay for depreciation)
• Often includes maintenance and insurance
• Mileage restrictions (15,000--25,000 km/year)
• Return vehicle at end of contract
• Advantages for businesses: entire lease amount is a deductible expense

When should you choose operating leasing? If you're a business owner who wants to drive a new vehicle every 3--4 years and doesn't want to deal with resale. For private individuals, financial leasing is almost always the better choice.

Read more about the differences between financing options in our article Car Financing 2026: Leasing or Loan.

Tips before getting a car lease

1. Compare APRC, not just interest rates

APRC (Annual Percentage Rate of Charge) -- an indicator that includes all credit costs: interest, administration fees, contract conclusion fee and more. This is the only correct way to compare different offers.

For example, one bank may offer 2.5% interest, but with a high administration fee. Another -- 3% interest with no additional fees. APRC will show the true difference.

2. Include CASCO cost in the calculation

If the leasing contract requires CASCO, include its cost in your total calculation. CASCO costs approximately 2--5% of vehicle value per year. For a 20,000 EUR vehicle that can be 400--1,000 EUR per year, or 2,000--5,000 EUR over the entire leasing period.

Sometimes a financier with higher interest rates, but no CASCO requirement (e.g., Inbank), may cost less than a bank with low interest rates, but mandatory CASCO. Calculate the total amount!

Read more about CASCO insurance and how to save: CASCO Insurance 2026: Prices and Tips.

3. Don't choose too long a term

A longer term means a lower monthly payment, but also higher total overpayment. Moreover, the vehicle can depreciate faster than you pay it off -- this is called "negative equity" situation, when the remaining loan amount exceeds the vehicle's value.

The optimal leasing term is 36--60 months. Longer terms (72--96 months) make more sense only for more expensive vehicles with good value retention prospects.

4. Consider residual value

Residual value (balloon payment) -- the amount you pay or refinance at the end of the contract. For example, a 30,000 EUR vehicle lease with 30% residual value means you only pay for 70% of the vehicle's cost during the lease period, and at contract end you owe 9,000 EUR.

Advantages: lower monthly payment. Disadvantages: at contract end you need to have a large amount or refinance.

5. Get multiple offers

Never sign the first offer. Submit an application to at least 2--3 financiers and compare terms. This takes a few hours but can save hundreds or even thousands of euros.

6. Check additional fees

Beyond interest, leasing contracts may include:

• Contract conclusion fee (100--300 EUR)
• Monthly administration fee (3--10 EUR)
• Contract modification fee
• Early return fee
• Vehicle re-registration fee

All these fees should be included in the APRC calculation, but it's still worth knowing about them in advance.

7. Check vehicle history before financing

Before signing a leasing contract for a used vehicle, be sure to check its history -- mileage, accidents, owners. This is not only your protection, but also a bank requirement.

Frequently Asked Questions (FAQ)

What's the minimum down payment for car leasing?

At traditional banks (SEB, Swedbank, Luminor, Citadele), the minimum down payment is 10% of the vehicle's price. However, financiers like Inbank, GF Bank and Mogo offer financing with no down payment (0%). It's recommended to pay at least 15--20% down payment -- this allows you to get lower interest rates and a smaller monthly payment.

Can I get a lease for a used vehicle?

Yes, all discussed financiers finance used vehicles. However, traditional banks have age restrictions -- typically the vehicle cannot be older than 13--15 years at contract end. If your vehicle is older, contact Inbank, GF Bank or Mogo.

Is CASCO insurance mandatory for leasing?

At traditional banks (SEB, Swedbank, Luminor, Citadele, Bigbank) -- yes, CASCO is mandatory throughout the leasing period. This is an additional cost (2--5% of vehicle value per year), but it's also your protection.

Inbank, GF Bank and Mogo do not require CASCO -- whether to insure or not is your decision.

What are the current car leasing interest rates in Lithuania?

At the beginning of 2026, indicative interest rates:

• Electric vehicles: from 3.5% annual (1.45% + EURIBOR)
• Hybrids: from 3.7% annual (1.75% + EURIBOR)
• Petrol/diesel: from 4.3% annual (2.29% + EURIBOR)

These are interest rates at traditional banks with good credit rating. At fintech companies (Inbank, GF, Mogo), interest rates are higher -- from 5.9% to 19%.

Can I return a lease early?

Yes, all financiers allow you to return the lease before the term ends. However, some may charge an early return fee (typically 0.5--1% of the remaining amount). Before signing the contract, ask about these conditions.

What's the difference between leasing and a vehicle loan?

Leasing: the vehicle belongs to the leasing company during lease period. CASCO mandatory. Can set residual value. For businesses -- VAT deduction.

Loan: vehicle becomes your property immediately. CASCO not mandatory. No residual value option. You have more freedom in how you use the vehicle.

Read more about these differences: Car Financing: Leasing or Loan.

How long does leasing application processing take?

• Inbank, Mogo: minutes (automatic process)
• Citadele: often same business day
• SEB, Swedbank, Luminor, GF, Bigbank: 1--2 business days

Can I buy a vehicle through leasing from a private person?

Usually no -- leasing companies finance vehicles purchased from registered vehicle dealers. If you want to buy from a private person, a consumer vehicle loan is better suited for you (e.g., Inbank, Citadele or Swedbank offer this option).

Is it worth getting a lease if I have the full amount?

You don't