Analytics, Baltic, Financial Services, Transport
International Internet Magazine. Baltic States news & analytics
Wednesday, 21.05.2025, 12:57
SEB: Estonians spend more on cars than Latvians and Lithuanians
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Among Estonians, 20% of respondents are planning to buy cars with prices ranging from 10,000 to 20,000 euros, whereas in Latvia and Lithuania, these people account for approximately 10% of prospective car buyers.
“As in Estonia consumers buy newer and more expensive cars, leasing is still the most popular choice for financing car purchases, used by more than half of those buying cars,” said Managing Director of SEB Liising Ainar Leppänen. He added that leasing is the most popular option in buying brand new cars.
In all three Baltic States, the most important factors in choosing the leasing contract provider are the amounts involved in monthly charges, interest rates and transparency of additional costs related to leasing contracts.
A total of 2,754 persons were polled for the survey in Estonia, Latvia and Lithuania.
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