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Equipment Leasing

Why buy your equipment when you can lease.

Equipment leasing1 provides an alternative method to finance business equipment needs. More the 80% of businesses lease equipment. Bank of Hawaii is ranked among the top 100 equipment lessors in the U.S. Our officers have expertise in the acquisition of equipment and the useful life.

What do we finance?

  • Information systems
  • Medical and dental equipment
  • Office furniture and fixtures
  • Autos, busses, light trucks, heavy trucks, and trailers
  • Marine transportation and equipment
  • Manufacturing equipment
  • Printing, construction and industrial equipment
  • Alternative energy equipment

What are the advantages of leasing?

  • 100% fixed rate financing
  • Lower periodic payments (tax lease)
  • Rents are deductible for tax purposes2
  • Transfer risk of obsolescence to lessor
  • Minimal Closing Fees
  • Lease structures can be tailored to meet seasonal cash flow needs

What types of leases do we offer and what are the advantages?

  • True lease (tax oriented)
    • Lower monthly payments, as Bank of Hawaii uses federal and state tax benefits to reduce the monthly rentals
    • Rents are deductable for tax purposes
    • Equipment can be returned at the end of term or purchased
  • Lease purchase
    • Lessee takes all available tax benefits, rates are fixed for the term of the lease
    • Fixed purchase amount at end of term

For more information, please call (808) 694-8810, or send an e-mail to leasing@boh.com.

1. All leases are subject to credit approval. Some applications require additional information, see application form for details.
2. Consult your tax advisor for more specific information.