We’re pleased to share that Renti Lithuania, a subsidiary of Eleving Group, and a leader in the mobility financing segment in Lithuania, has now joined Mintos!
Renti Lithuania is a used car rental company that offers customers the opportunity to rent a car for a limited period, with the possibility to either purchase the car at the end of contract, or return it to the company. With over 2 500 customers in Lithuania, Renti Lithuania is a prominent player in the car rental industry.
Investors on Mintos now have the chance to invest in Notes for Renti Lithuania. Offering a range of contract lengths, from 12 to 60 months, Renti Lithuania customers can return the vehicle at any time after the first 12 months without incurring additional charges. The range of the car value that may be granted for the end customer through Renti Lithuania varies from €2 000–15 000.
On average, the rental contracts offered by Renti Lithuania are valued at €6 700 with a repayment period of 53 months and an average monthly rental fee of €285. The fleet primarily consists of cars between 9–17 years old, with Audi, BMW, Volkswagen, Volvo, and Opel accounting for 70% of the existing portfolio.
