What is SilverChef Rent-Try-Buy?
SilverChef Rent-Try-Buy is a flexible, 12 month rental agreement that allows you to get the hospitality equipment you need, with the flexibility to change, upgrade or own the equipment at any time. All while keeping your cash flow healthy, with low weekly payments that are up to 100% tax deductible.
Equipment financing for all business types:
SilverChef offer equipment financing for new and established businesses. Whether you are just starting up, or a franchise that requires high usage equipment that's prone to wear & tear, we have a financing solution for you.
Starting a new business? Congratulations! We have supported countless hospitality ventures without a business history, from day one of their hospitality journey.
Try the equipment before deciding whether to buy it! You have the flexibility to pivot operations by being able to change the equipment completely. Or you can upgrade your equipment if you want to keep it in warranty, or you outgrow your current model.
Our standard application time is less than 5 minutes for funding under $35,000. Approvals take as little as 5 minutes as well.
Our customers are the heart of our business
*Actual customers, told in advance they might be included in advertising.
Low weekly payments with SilverChef Rent-Try-Buy
How SilverChef Rent-Try-Buy Works
Financing up to $35,000 is available with minimal documentation needed. For amounts over $35,000, additional requirements may apply.
Select your equipment from your preferred dealer.
Once your financing is approved and you have chosen your equipment, you are ready to start your rental agreement.
Let us tailor a solution for you
Frequently asked questions
Since SilverChef Rent–Try–Buy is a rental agreement, there are no interest rates involved.
Nonetheless, you can use our online rental calculator to determine your weekly rental payments and what it would cost to own the equipment if you chose to purchase it after 12 months of renting.
As the calculator shows, the net cost of owning the equipment may be as low as 10% (after factoring in tax deductions* and the rental rebate).
This figure is in keeping with:
Apart from the weekly rental payments (including one week’s rent paid in advance), the only fees and charges are:
No — although your rental payments will gradually lower the equipment's purchase price, there will still be an outstanding balance at the end of the 12 month agreement. To confirm how much the balance is, please call us at 1-888-233-9910 to request a buyout quote. You can purchase the equipment at any point during the rental agreement (not just at the end of it).
Your rental payments will start once we’ve verified the equipment has been delivered to your business premises.
If you anticipate any delays due to refurbishment or construction issues, it’s recommended you hold off on ordering the equipment until closer to the date your business is ready to begin operating.
(Delivery times for equipment in stock typically range from 1 to 8 business days, depending on your location. If the equipment’s out of stock, you’ll need to order it further in advance; your equipment dealer will be able to advise you.)
If your rental payments start before you open your business, please notify us promptly.
If you decide to buy the rental equipment, you’ll get back 60% of the net rent you paid in the first year and — if applicable — 20% of the net rent you paid thereafter.
This ‘rental rebate’ is deducted from the amount financed — the rebate can’t be paid to you in cash.
Get in touch and let's tailor a financing solution for your business