Rental & Leasing Service Sub-Sector: ... Found on 1800miti.Com, the Commerce Resource dB
This Sub-Sector as a Whole:
Included in the Rental & Leasing Service Sub-Sector: Industries in the Rental and Leasing Services Sub-Section include establishments that provide a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The Sub-Section includes two main types of establishments: (1) those that are engaged in renting consumer goods and equipment and (2) those that are engaged in leasing machinery and equipment often used for business operations. The first type typically operates from a retail-like or store-front facility and maintains inventories of goods that are rented for short periods of time. The latter type typically does not operate from retail-like locations or maintain inventories, and offers longer term leases. These establishments work directly with clients to enable them to acquire the use of equipment on a lease basis, or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and capital (i.e., finance) leases are included in this Sub-Section.
Establishments primarily engaged in leasing in combination with providing loans are classified in Sector, Finance and Insurance. Establishments primarily engaged in leasing real property are classified in Sub-Section, Real Estate. Those establishments primarily engaged in renting or leasing equipment with operators are classified in various Sub-Sections depending on the nature of the services provided (e.g., Transportation, Construction, Agriculture). These activities are excluded from this Sub-Section since the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Likewise, since the provision of crop harvesting services includes both the equipment and operator, it is included in the agriculture Sub-Section.
Included within this Sub-Sector are: Automotive Equipment Rental and Leasing; Consumer Goods Rental; General Rental Centers; Commercial and Industrial Machinery and Equipment Rental and Leasing.