Product leasing is a service compensation model in which the customer pays for continuous access to a product over an agreed period. Product manufacturers typically maintain ownership of the product and are responsible for delivery, maintenance and take-back.
Product manufacturers may consider reevaluating their revenue model from a single-transaction sale to a relationship-based service contract. Leasing differs from the pay-per-service unit model in that the customer pays for continuous access to a service over a defined period instead of the number of uses.
Examples of industry leasing in practice include: