This U.S. Census Bureau NAICS-based industry comprises establishments primarily engaged in providing financing for equipment or other assets to customers through a lease agreement, where the lessee acquires substantially all the benefits of its use, and takes all the risks associated with its ownership. The lessee is responsible for maintenance, and taxes, and may have the option to take title to the leased equipment at the end of the lease.

Cross-References. Establishments primarily engaged in--

• Lending money to individuals for automotive purchases, including trucks, through a contractual installment sales agreement, either directly from or through sales financing arrangements with dealers--are classified in U.S. Census Bureau NAICS-based industry 5222201, Automotive Sales Finance Companies;
• Renting or leasing passenger cars and trucks, without drivers, and utility trailers for short-term, long-term, or both--are classified in Industry Group 5321, A utomotive Equipment Rental and Leasing;
• Renting a range of consumer, commercial, and industrial equipment for short periods of time--are classified in Industry Group 5323, General Rental Centers;
• Renting personal and household-type goods, usually short-term--are classified in Industry Group 5322, Consumer Goods Rental; and
• Renting or leasing commercial-type and industrial-type machinery and equipment, usually capital and investment-type equipment that clients use in their business operations--are classified in Industry Group 5324, Commercial and Industrial Machinery and Equipment Rental and Leasing.