ⓘ Ecoleasing

                                     

ⓘ Ecoleasing

Ecoleasing is a system in which goods are rented to a client for a certain period of time after which he returns the goods so the company that made it can recycle the materials.

                                     

1. Terminology

The term ecoleasing has been used by William McDonough and Michael Braungart in their book Cradle_to_Cradle: Remaking the Way We Make Things. It is used to distinct itself from regular leasing in that:

  • the operation is similar to regular purchasing of goods, so not requiring a contract to be made up as with leasing
  • 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 and to create another product with it
  • it is done with appliances and other products used for the household, rather than with land or very expensive products cars.
                                     

2. Examples

An example of ecoleasing is a lease of a TV set. In this case, a consumer signs a contract with the TV manufacturer. According to the contract, the consumer has a right to use the TV for e.g. 15.000 hours. After this period he returns the TV to the company, which then recycles it. Ecoleasing is usually done with appliances and other relatively cheap household products. It is hardly ever used for land, real estate, and expensive products.

                                     

3. Advantages

  • 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 materials are reclaimed, fewer or no materials end up in landfills, or require other forms of waste disposal. As such, it is quite environmental.
  • 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 if they use a system of purchasing the goods
                                     
  • is rented. Consolidated rental car facility Carsharing Damage waiver Ecoleasing Peer - to - peer carsharing Car Renting... Its Development... And Future
  • changing the metallurgy of a particular component. Is the closing of order. Ecoleasing Purchasing process Supply chain management Logistics Material requirements
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  • ethnocentrism Consumer movement Consumtariat Cost the limit of price Ecoleasing Economic materialism Frugality Geoffrey Miller psychologist Greed Homo
  • generally provided by banks, captives and independent finance companies. Ecoleasing Finance lease Leasehold estate Leasehold valuation tribunal Leveraged