Leasing

First Hawaiian Leasing, a subsidiary of First Hawaiian Bank, is engaged primarily in commercial equipment and vehicle lease financing. The leases offered include tax and non-tax oriented lease structures. Leasing is an alternative financing method to acquire equipment and vehicles without a major capital expenditure.

First Hawaiian Leasing specializes in financing the acquisition of new and used commercial personal property* including:

  • Vehicles: Trucks, automobiles, buses, mini-buses, vans, refrigerated trucks, flatbeds, hi-cube vans, truck-tractors, low-boys and trailers
  • Furniture & fixtures for: hotels & resorts, stores, factories & warehouses, offices, restaurants, etc.
  • Equipment used in your business: computer, telecommunication, medical, dental, construction, farming, warehousing, manufacturing, office, golf course, transportation, general services, etc.
  • Energy conservation (wind, solar, etc.) equipment and systems
  • Marine vessels
  • Aircraft

Apply now for a Business Equipment Lease or contact First Hawaiian Leasing at (808) 943-4905 for more information.

* IRS Sect 38 defined personal property

Leasing Product Comparison

Type of Lease

Tax-oriented (true) lease

Non tax oriented (finance) lease

Description
  • Fixed rate
  • Fair market value purchase option
  • Predetermined purchase option (licensed over-the-road vehicles only)
  • Fixed rate or variable rate
  • Fixed purchase option (10% or $1)

Benefits
  • Lower rates and monthly payments when First Hawaiian Leasing takes the tax benefits (depreciation and credits i.e. capital goods, energy).
  • 100% financing, including taxes, freight, installation and delivery
  • No down payment
  • Fixed monthly payments
  • Conservation of capital for other uses (i.e. extension of trade credit, inventory, investments, etc.)
  • Generation of capital, if capital assets are sold to First Hawaiian Leasing and then leased back.
  • Minimizes obsolescence by freeing company from a depreciation schedule that may extend beyond the useful life of the equipment. Permits greater freedom in equipment replacement and protects customer from technological obsolescence.
  • Flexible and competitive terms to meet customer’s individual needs.
  • Competitive rates and monthly payments. Your business keeps the tax benefits (depreciation and credits i.e. capital goods, energy).
  • 100% financing, including taxes, freight, installation and delivery
  • No down payment
  • Fixed monthly payments
  • Conservation of capital for other uses (i.e. extension of trade credit, inventory, investments, etc.)
  • Generation of capital, if capital assets are sold to First Hawaiian Leasing and then leased back.
  • Minimizes obsolescence by freeing company from a depreciation schedule that may extend beyond the useful life of the equipment. Permits greater freedom in equipment replacement and protects customer from technological obsolescence.
  • Flexible and competitive terms to meet customer’s individual needs.