Home Financing

SilverChef is the leading provider of hospitality equipment funding solutions.

SilverChef offers a cost-effective solution to financing both new and used commercial kitchen equipment and managing your startup cost at the same time. When it comes to your restaurant, you want to make sure you’re making the right financial decisions from the get-go. With the option to rent and try first before you make the commitment to buy, you can never go wrong.

Rent-Try-BuyⓇ

Whether you’re renovating a restaurant or setting up a new one, renting commercial kitchen equipment can make more sense than buying everything brand new. This setup allows you to use kitchen appliances before you commit to purchasing them for a longer term.

How does it work?

With SilverChef’s Rent-Try-Buy, you enter into a rental agreement for the use of hospitality equipment to get your business cooking. The rental agreement is good for 12 months during which you have the option to upgrade your equipment or, if you feel that the equipment is the right fit for your business, purchase it and receive a 75% net rental rebate on your payments for the first year.

What happens at the end of 12 months?

After your rental agreement expires, you can do any of the following:

  • Continue to rent the equipment. The purchase price of this item will continue to go down due to depreciation
  • Return the equipment. You are under no obligation to purchase or keep using the equipment if you feel it has served its purpose or you have your eyes on another item.
  • You can also purchase through the EasyOwn finance option if you want to keep the equipment and you don’t want to keep renting.

Why Rent?

You may not think to rent kitchen appliances for the home but commercial kitchen equipment is a different story. Given the high cost of procuring equipment for food businesses, it generally makes more sense to explore rental options before committing to a specific model or brand of kitchen appliance. SilverChef’s Rent-Try-Buy programme lets you:
  • Free up your capital and preserve your cash flow through its low weekly rental rates
  • Upgrade your equipment at any time during the rental agreement
  • Add more equipment as you scale up your operations
  • Enjoy 100% tax deductible payments
  • Get equipment funding off balance sheet so your business credit score doesn’t get hurt

Why Rent?

Ready to go equipment shopping for your food business? Contact our foodservice equipment experts to apply for commercial equipment financing today.