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Silver Chef is the leading equipment funder to the hospitality industry

Silver Chef’s funding solution, Rent-Try-Buy®, is designed to help you find the right commercial kitchen or catering equipment to suit your business needs.

 

How SilverChef works

What is Rent-Try-Buy®?

Rent-Try-Buy is a 12-month rental agreement, allowing you to try equipment in your business before you buy it. Enjoy unrivalled flexibility when it comes to owning and managing your commercial hospitality equipment.

How does it work?

During your 12-month Rent-Try-Buy agreement, you have the following flexible options:

• Upgrade at any time – For example, if you outgrow your two-group coffee machine, replace it with a three-group and simply add the balance to your weekly payments.

• Purchase at any time – Once you know the equipment is right, you can purchase it outright with no penalty. In fact, you’ll receive a 75% rebate on all your previous payments.

Options at 12 months

When your 12-month Rent-Try-Buy agreement finishes, you can choose from the following options:

• Purchase the equipment – If you know the equipment is right, you can purchase it outright and receive a 75% rebate on all your previous payments. You can do this at the end of your 12-month agreement, or at any time during the 12 months.

• Continue to rent – Continue renting and keep your options open, while the purchase price continues to reduce with each weekly payment.

• Lease to own – Easy Own® lets you own the equipment in the most cost-effective way possible, and without eating into your working capital by purchasing outright. Enjoy a 30% discount on your weekly payments on a 36-month contract; or a 15% discount on your weekly payments on a 24-month contract. You’ll own the equipment at the end of the term.

• Return the equipment – If you’ve decided the equipment no longer suits your needs, simply return it with no further obligation.

 

Benefits of using SilverChef Rent-Try-Buy® solution include:

  • Low weekly rental repayments
  • The chance to free up your valuable working capital
  • The ability to try before you buy
  • Peace of mind from knowing you’re not stuck with equipment that isn’t perfect for your needs
  • The ability to add further equipment as your business grows
  • A 12 month agreement- don’t get locked into a long term lease
  • The net cost of funding after tax deductions is 7%
  • No directors guarantees, so you don’t have to put your house on the line
  • Rental payments are 100% tax-deductible
  • Renting is off ‘ balance sheet’ meaning it doesn’t affect your capacity to borrow for future expansion
  • Our application process is simply and obligation free

Funding Video

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Apply for funding

Silver Chef backs potential and approves 96% of applicants, most of the time within 24 hours. You can apply either through your preferred equipment dealer or directly with Silver Chef by phone or online at silverchef.com.au/apply.

Weekly rental payments

Save your working capital with low weekly payments that – being a rental agreement – are 100% tax deductible* as well as off-balance sheet, meaning it won’t affect your ability to borrow for future expansion.

Rental Calculator