SilverChef Rent-Try-Buy is equipment finance made for hospitality

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:

1. The exceptional flexibility our customers enjoy and which is not offered by any other financier, cash or credit card. 
2. The risks we absorb by, for example, enabling customers to:

• Get the equipment they want without committing to the full purchase price.
• Obtain up to $100,000 of equipment finance — usually without providing a director’s guarantee / personal guarantee. 
• Upgrade the equipment at any time without having to figure out how to offload the original item.
• Return the equipment to us after only 12 months without penalty.

Apart from the weekly rental payments (including one week’s rent paid in advance), the only fees and charges are:

• A refundable security deposit — paid up front and equivalent to six weeks’ rent.
• The cost of transporting any equipment the customer returns to us during or after the 12-month rental period. The customer pays this cost directly; it varies based on the equipment’s cubic weight and the distance it needs to be transported.
• The cost of cleaning and servicing any equipment the customer returns to us during or after the 12-month rental period, so it can be certified and remarketed. We pass this cost on to the customer; it varies based on the type of equipment and its condition. 

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.