Financial leasing services
CPC v2.1 Code: 7114
About financial leasing services
cpc code 7114 covers financial leasing services, a crucial component of the broader financial services industry. Financial leasing involves the provision of equipment, machinery, or other assets to businesses and individuals on a rental or lease basis, rather than through outright purchase. This service enables organizations to access the resources they need without the upfront capital investment, making it an important tool for business growth and development across various sectors of the economy.
Production process
The key steps in the financial leasing process typically involve the leasing company purchasing the desired asset from a manufacturer or supplier, and then leasing that asset to a customer for an agreed-upon period of time and monthly payment. The leasing company retains ownership of the asset, while the customer has the right to use it for the duration of the lease. At the end of the lease term, the customer may have the option to purchase the asset, return it, or renew the lease.
Production inputs
The main inputs required for the financial leasing industry include a pool of capital to fund the purchase of assets, as well as a team of financial professionals with expertise in asset valuation, risk assessment, and lease structuring. Leasing companies also rely on strong relationships with equipment manufacturers and suppliers to source the assets they offer to their customers.
Production outputs
The primary output of the financial leasing industry is the provision of leased assets to businesses and individuals. These leased assets can include a wide range of equipment, machinery, and other resources, such as 4821 Transportation equipment, 3311 Fabricated metal products, and 3361 Motor vehicles. The financial leasing industry supports the operations and growth of businesses across numerous 2 Manufacturing, 4 Trade, Transportation, and Utilities, and 5 Information sectors.
Family tree for financial leasing services
graph LR A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"] A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"] B --> C["<a href='/classifications/cpc/v2-1/711'>711: Financial services, except investment banking, insurance services and pension services</a>"] C --> D["<a href='/classifications/cpc/v2-1/7114'>7114: Financial leasing services</a>"] C --> E["<a href='/classifications/cpc/v2-1/7111'>7111: Central banking services</a>"] C --> F["<a href='/classifications/cpc/v2-1/7112'>7112: Deposit services</a>"] C --> G["<a href='/classifications/cpc/v2-1/7113'>7113: Credit-granting services</a>"] C --> H["<a href='/classifications/cpc/v2-1/7119'>7119: Other financial services, except investment banking, insurance services and pension services</a>"] D --> I["<a href='/classifications/cpc/v2-1/71140'>71140: Financial leasing services</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level1 class B level2 class C level3 class D level4 class E level4 class F level4 class G level4 class H level4 class I level5 class D highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class D highlight