Ecoleasing

Terminology

• the operation is similar to regular purchasing of goods, so not requiring a contract to be made up as with leasing
• it is done with appliances and other products used for the household, rather than with land or very expensive products
• the period of time the product is rented would be about the same as the lifespan of the product, so it can only be rented once before it is taken back by the company to recover the materials

  Examples

Advantages

• Since materials are reclaimed, fewer or no materials end up in landfills, or require other forms of waste disposal. As such, it is quite environmental.
• Materials are recovered by which the company can make new products, so the material costs for this new product are much lower for the company.
• Since new products can be made at a lower expense, the sale price of these products can also be comparatively lower than similar products made by the competition