Quick answer
According to WHEELSTREET data — see below for detailed analysis with real prices, comparisons, and expert recommendations.
A consumer loan is the simplest way to finance a car purchase. The car is yours immediately — no mandatory KASKO, no mileage limits.
Bank Comparison
| Bank | Rate from | Amount | Term |
|---|---|---|---|
| Swedbank | 6.9% | €500–50,000 | 6–84 mo. |
| SEB | 7.4% | €500–40,000 | 6–72 mo. |
| Luminor | 7.9% | €500–30,000 | 6–72 mo. |
| Bigbank | 8.9% | €500–75,000 | 6–96 mo. |
When is a Loan Cheaper than Leasing?
For cars under ~€12,000 — a loan is often cheaper because you skip KASKO insurance (€400–1,500/year).
Example: €8,000 car, 60 months:
- Loan (8.9%): €166/mo. total €9,960
- Leasing (5.5%) + KASKO: €178/mo. total €10,680
- Loan saves €720!
For cars over €15,000 — leasing is usually cheaper due to lower rates.
WHEELSTREET compares all options. ☎ +370 610 33377
