HRS §481L-3
Trade-in vehicle
Read the official text at capitol.hawaii.gov ↗This section says that when you use a trade-in to lower the cost of a car lease, the lease must clearly show that it is a trade-in, list its year, make, and model, and state the trade-in credit separately from other cost reductions, including an estimate of any debt the dealer will pay off.
buyerssurveyors
The statute, as written — Trade-in vehicle
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
A trade-in vehicle used to reduce the gross capitalized cost shall be identified as a trade-in vehicle in the lease agreement and identified by year, make, and model. The lease agreement shall also state, in an amount distinct from the capitalized cost reduction, the total credit value of the trade-in vehicle, including a good-faith estimate of any liability against the trade-in vehicle to be discharged by the retail lessor.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.