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Truck Leasing Pros and Cons Pearl City 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:
Able Distributors Inc
(808) 456-6600
96-1276 Waihona St Bay 118
Pearl City, HI
 
Dyer International Inc
(808) 456-8071
98-054 Kuleana Road
Pearl City, HI
 
Pacific Shelving Company - Sales Office
(808) 456-9873
Po Box 1404
Pearl City, HI
 
Dyer M & Sons, Inc.
(808) 456-4200
98-054 Kuleana Rd
Pearl City, HI
 
Pacific Shelving Company Sales Office
(808) 455-6565
96-1276 Waihona
Pearl City, HI
 
Pacific Isle Packaging Inc.
(808) 455-6565
96-1276 Waihona
Pearl City, HI
 
Dyer M & Sons Inc - Record Storage
(808) 456-4727
98-054 Kuleana Road
Pearl City, HI
 
Alex Among S Piano Service
(808) 455-6851
944 D 1 Hugh Street
Pearl City, HI
 
Aamerican Self Storage
(808) 487-3868
98-710 Kuahao Place
Pearl City, HI
 
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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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