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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 demand in the used car market is also a significant criterion. requirements are different, lifestyle is changing, and from time to time there is a desire to quickly and profitably replace an existing car with a new one, “says Pēteris Plaudis, Head of Citadele Leasing in Latvia.
Individuals most often chose to buy new cars on lease “Volkswagenbranded cars followed by Škoda, Toyota, Hyundai, Nissan, BMW, “Kia”, “Audi”, “Peugeot”, “Dacia”, “Mazda” and “Citroen”.
Legal entities in the new car segment have preferred Toyota, VW, Škoda, Peugeot, Citroen, Opel, Audi, Hyundai, BMW and 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 VWs, followed by BMW, Audi, Toyota, Volvo, Mercedes-Benz, Hyundai, Peugeot and Nissan.
When choosing second-hand cars, legal entities most often choose BMW, followed by VW, Toyota, Audi, Škoda, Mercedes-Benz, Volvo and Lexus.
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