More Fairness, Less Wear? Data-driven Leasing Using the Fair-Wear Pricing Model (FWPM)

TL;DR: Introducing the Fair-Wear Pricing Model (FWPM), a data-driven leasing model that links rates to actual product wear and tear to promote sustainability. Traditional leasing models often use a one-size-fits-all approach, which may not accurately reflect how a product is used. This can lead to unfair pricing for consumers and fails to incentivize sustainable, resource-conscious behavior. To…