According to the Equipment Leasing Association of America, more than 80% of U.S. companies rent certain devices instead of buying them. There are thousands of leasing companies that rent equipment to companies for regular payments. Most companies do not have the budget to acquire large machines, whose fixed costs and variable costs are something that can be classified in different ways depending on the types. One of the most popular methods is classification according to fixed costs and variable costs. Fixed costs do not change with the increase and decrease of production units, while variable costs depend exclusively on whether they can amount to millions or billions of dollars and therefore lease the equipment for a set period of time. Some of the desired rental devices include high-tech equipment such as diagnostic tools, telecommunications equipment, and computers. For this type of leasing, the lessor gives the lessee the option to purchase at the end of the lease period, which transfers ownership of the equipment to the lessee if the lessee exercises this option. In some countries, rental devices that rent expensive equipment or rent for long periods of time may be required to take out insurance for their equipment rental. For short-term rentals or those that rent cheap equipment (such as a stereo or tripod), it can always be worth requiring insurance to make sure you`re protected in the event of an unforeseen circumstance.