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Truck Leasing Pros and Cons Kailua HI

A truck lease offers cost advantages for personal use, as well as tax and accounting advantages for business owners. Learn the difference between personal and commercial truck leasing.

Island Movers, Inc.
(808) 832-4000
Pier 42, P.O. Box 17865
Honolulu, HI

Data Provided by:
Uhaul Co
(808) 254-4572
Bldg 6041 Kaneohe Mcbh
Kailua, HI
ALU Industries
(808) 259-5515
41-745 Mooiki Street
Waimanalo, HI
Public Storage
(808) 235-5665
45-1021 Kamehameha Highway
Kaneohe, HI
Gbc Storekaneohe
(808) 235-1762
45-934 Kamehameha Highway
Kaneohe, HI
Pacific Shelving Company - Admin Office
(808) 262-6506
929 Alahaki Street
Kailua, HI
Uhaul Co.
(808) 254-0516
Kaneohe Mcbh Bldg 6041
M C B H Kaneohe Bay, HI
Kaneohe Self Storage
(808) 235-0628
46-025 Alaloa
Kaneohe, HI
Public Storage - Storage Locations- Kaneohe
(808) 235-5665
45-1021 Kamehameha Highway
Kaneohe, HI
U-haul Co.
(808) 234-1910
45-620 Kamehameha Hwy
Kaneohe, HI
Data Provided by:

Truck Leasing Pros and Cons

To lease a truck for personal use is no different than leasing a car or SUV. A lease offers lower monthly payments than buying with a loan, and may not require a down payment. There are also savings on sales tax in most states. Therefore, leasing may cost you less to get into a new truck, and can save you on monthly cost as well.

However, before making a decision about whether to lease or buy, understand that leasing is best for people who drive no more than about 15,000 miles per year, like to have a new truck every 3-4 years, take good care of their vehicles, don't care about building ownership equity, and have a stable lifestyle such that they won't need to end the lease early.

Ending a lease early can be very expensive. It's more than simply paying termination fees. It means paying the balance of the lease, considering the wholesale auction value of the truck. In most cases, ending a lease early is very impractical. Therefore, if you think you might not be able to complete a lease, then don't lease.

If you plan on using your truck for heavy duty or rough utility purposes, such that the body and bed might be badly damaged or scratched, you might not want to lease. The reason is you may have to pay for those damages at lease-end when you return your truck to the lease company. Any damages beyond "normal" wear and tear can result in charges to you. Of course, you could get the repairs done yourself prior to returning your leased truck. Or...

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