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The average amount of car leasing is growing, the most popular brand – ‘Toyota’

When buying a car on lease, residents more often choose to buy little-used cars, while legal entities – buy new cars. In addition, prices in the car market are growing – compared to the first quarter of 2021, the average amount issued in car leasing has increased by about 10%, according to statistics on new car leasing issued by Citadele Leasing in the first three months of this year.

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When buying a car on leasing, legal entities usually spend about 32,000 euros on it, often buying a car that is up to two years old.

When choosing a new car, private individuals spend an average of 23,000 euros on it, while buying a little used car – 16,000 euros.

Compared to the market activity in the first three months of 2021, the average amount of car leasing issued to individuals has increased by 8%, while to legal entities – by 10.8%.

“As fuel prices rise, people are paying more and more attention to running costs – how economical a car is, what other car maintenance costs are. It should be remembered that the objective price of car maintenance is also insurance, taxes, potential repairs and other costs such as winter tires. acquisition, “says Ģirts Gāzers, Chairman of the Board of Citadele Leasing.

“In the first quarter, we have financed the purchase of 33% more electric cars than in the same period a year ago, but we expect much higher interest from May, when it is planned to pay out state support for the purchase of electric cars,” says Glaser.

Unlike last year, when Volkswagen (VW) was the most popular new car brand among the population, in the first three months of 2022, Toyota and Škodas cars were most often purchased by private individuals, followed by VW, Nissan and Hyundai. Opel, Dacia, Kia, BMW, Cupra, Renault and Subaru.

Also for legal entities, the choice of a new car is most often in favor of the Toyota brand, while the top four brands are closed by VW, Škoda and Renault, followed by BMW, Opel, Nissan and Hyundai. Kia and Ford cars.

In the first three months of 2022, residents in the second-hand car segment preferred little-used BMWs, as well as VW, Toyota, Volvo, Audi, Škoda, Nissan, Mercedes-Benz, Opel and Hyundai cars.

When choosing little-used cars, VW is popular with legal entities, followed by Toyota, BMW, Audi, Mercedes-Benz, Volvo, Citroen, Škoda, Renault and Peugeot.

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