Equipment rentals are a big part of the entertainment industry, from a child’s birthday party to huge corporate events. Many parents lease massive waterslides, cotton candy machines, and “moon walks” to enhance their child’s party. Corporations trying to impress clients host big blowouts complete with extravagant light shows, live broadcasts, and other huge presentations, all requiring leased equipment.
Weddings and bat/bar mitzvahs are other big sources of leasing needs. These events often require large amounts of silverware, linens, tables and chairs. Some even opt to have huge tents erected for their event, another leased product. A wedding typically has five or more vendors, all providing various leased services, such as catering, supplies, and music for the event.
Business offices must supply their workers with adequate equipment required to produce a huge amount of paperwork and computer files. Machines such as computers, printers, scanners, copiers, and fax machines are often leased because the lease contract provides the lessee with service and maintenance. Many contracts also include supplies, upgrades, and installation, all of which would be too expensive to buy individually. Leasing is much more cost-effective than buying in many of these situations.
Another item that is frequently leased is the automobile. There is a lot of debate over whether it is better to lease or buy a car. On the one hand, the lessee gets the best years of the automobile’s life at a slightly discounted price. But, of course, the buyer is able to sell the car at the end of its run, unlike the lessee, who must return it to the owner for no monetary return.
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