Car Leasing

Leasing is a transaction whereby Luminor Lizingas UAB enters into commitment to grant its customer a right to use a selected asset for a specified period of time in exchange for payments known as monthly instalments. Upon meeting all contractual obligations, the lessee becomes the owner of the asset. On the maturity date the lessee will have paid off the whole acquisition price of the asset and interest.


We can offer you the following:

  • Car leasing.
  • Car leasing with residual value.
  • Car leasing with insurance.
  • Leasing of used cars.

Basic car financing terms

Minimum amount financed 6000.00 €
Lease period From 12 to 84 months
Currency Euro
One-off administration fee To be determined after an individual assessment of client’s solvency
Down payment From 20%
Insurance All risks insurance is required for the car on lease
Age of used cars Leased car must be no older than 13 years at lease maturity


Service name  
Administration fee 150 EUR or 100 EUR with AON insurance
New passenger vehicle or used passenger vehicle up to 12 months 2.20%
Used passenger vehicle (12-35 months) 2.40%
Used passenger vehicle (36-59 months) 2.60%
Used passenger vehicle (60-83 months) 2.90%
Used passenger vehicle (84-119 months) 3.25%
Used passenger vehicle (>120 months) 4.00%

Example of passenger vehicles leasing calculation: if 9600,00 € credit (financing amount of hire purchase) is granted for 5 year maturity with 20% down payment, determinated 2,20% (2.20% + 0.0% (3 months EURIBOR)) credit insurance with 150,00 € administration fee, total amount payable by the consumer equals 10296,42 €, total annual percentage rate of charge of consumer credit equals to 2,87%, and monthly credit installment would amount 169,11 €. Total cost of the credit to the consumer and annual percentage rate of charge are calculated pursuant to presumptions indicated in the legal acts of the Republic of Lithuania. Calculation date is 2017 01 24.

Fees for Additional Leasing Services
Service Fee, €
Preparation of statement of acceptance of property (into ownership of Lessee) and/or proxy for signing out the goods from respective register Free (first time)
Issuing of additional documents (proxies, certificates) at the moment then lease agreements is signing Free (first time)
Consolidation of VAT invoices Free
Change of agreement, or appendixes of agreement, renewal – private person (on customer’s request) 100.00 €
Fee for transfer of liabilities 1.50 % of outstanding amount, min. 150.00 €
Issuing of additional documents (proxies, certificates, duplicates, copies of contract documentation, additional sending of invoices at the request of customer) 15.00 € + VAT / 1 unit
Urgent issuing (in 4 hours) of additional documents (proxies, certificates, duplicates, copies of contract documentation and at the request of customer) 30.00 € + VAT / 1 unit
Handling of customs’ documents (at customer’s request) 8.00 € + VAT + payment for customs intermediator
Resending of administrative penalties, other documents received in the name of the customer 8.00 € + VAT
Issuing of sublease documents 30.00 € + VAT for document package for 1 sublessee
Preparation of annual customer’s payments-invoices report under concluded agreements 15.00 € + VAT / 1 unit
Delivering of VAT invoices by post 3.00 € + VAT/ 1 unit
Courier costs (at customer’s request) Client compensates charges, set by service provider

In certain cases, by the decision of Luminor Lizingas UAB, different or additional fees may be applicable.

What is the process of car financing?

  • Select a car and obtain a commercial offer from the seller.
  • Fill out a lease application form for private customers.
  • Submit the completed application form along with other required documents by email or deliver it to the nearest Luminor customer service branch.
  • Our client manager will analyze the project and your financial position and will make you a financial offer; after agreeing upon the terms and conditions, a lease agreement will be drawn up.
  • After signing the lease agreement, pay a one-off administration fee and make a down payment.
  • Luminor Lizingas UAB makes a sale and purchase agreement with the seller of your selected asset.
  • Under the agreement with the seller, the asset purchased is registered with the Regitra state enterprise.
  • Obtain a full CASCO insurance for the car. We can offer insurance services at your request. Our insurance partner is AON Lithuania UADBB.
  • During the lease period, pay monthly instalments to Luminor Lizingas UAB account in agreement with the payments schedule. If you have signed an e-invoice agreement with Luminor Lizingas UAB, monthly instalments will be debited from your Luminor Bank account by automatic payment or by usual transfer.
  • At maturity of the lease agreement Luminor Lizingas UAB draws up a statement of Asset Transfer and Acceptance and issues an authorization to register the car as your property.

Documents required for the analysis of project financing can be sent by email or delivered to the nearest Luminor Bank AB customer service branch.

Private customers shall submit:

Luminor Lizingas reserves the right to request for additional documents reflecting your activity and financial records.

Each document submitted must bear an original signature of the customer.