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Residents more often buy second-hand cars, while legal entities – new cars – People and cars – Cars

Residents more often buy used cars, while legal entities buy new cars. More expensive cars are chosen by legal entities – the average amount financed is just over 31 thousand euros, and the most purchased car is up to two years old. Individuals most often make the first deposit in the amount of 18%, while legal entities – in the amount of 15%.

Compared to last year, the average amount of car leasing for individuals has increased by 8.4%, while for legal entities – by 2.4%.

“Everyone chooses a car according to their wishes, needs, lifestyle and budget, but rarely which car buyer and also the lessee drives the selected and purchased car for many years until it is written off, so the demand in the used car market is also a significant criterion. At certain stages of life, the requirements differ, the lifestyle changes, and from time to time there is a desire to quickly and profitably replace the existing car with one that meets the new needs, ”says Pēteris Plaudis, Head of Citadele Leasing in Latvia.

When buying new cars, individuals most often chose Volkswagen cars, followed by Škoda, Toyota, Hyndai, Nissan, BMW, KIA, Audi, Peugeot, Dacia, Mazda and Citroen.

In turn, legal entities in the new car segment have preferred Toyota, Volkswagen, Škoda, Peugeot, Citroen, Opel, Audi, Hyndai, BMW, Ford cars.

In the second-hand car segment, meanwhile, demand varies and the most sought-after brands of new cars are not always among the most in-demand used cars, and they are most often purchased by private individuals.

Among used cars, residents prefer second-hand Volswagen, followed by BMW, Audi, Toyota, Volvo, Mercedes Benz, Hyndai, Peugeot, Nissan.

When choosing little-used cars, legal entities most often choose BMW, followed by Volkswagen, Toyota, Audi, Škoda, Mercedes benz, Volvo, Lexus cars.

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