Custom Equipment Lease

Wide range of custom-made equipment

Spread equipment cost over 2 years

Own the equipment at end of lease

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Get approval for $1,000 or
more of equipment

No obligation to use approved finance

A cash flow-friendly finance solution that lets you get the custom-made equipment you want today and pay for it over two years

WHEN IT comes to commercial kitchen fit-outs or refurbishments, it’s the custom equipment and fixtures that often account for the bulk of the cost.

This made-to-order equipment can be prohibitively expensive for many businesses. And even if you have the funds, purchasing the equipment up front could put a strain on your business’s cash flow.

SilverChef’s Custom Equipment Lease makes customised equipment more attainable and lowers your financial risk by allowing you to spread the equipment’s cost over two years.

May suit you if you’re…

A new or established business
Seeking at least $1,000 of custom equipment funding
Aiming to own the equipment but want to pay for it in cash flow-friendly instalments

Key features

24-month hire-purchase agreement
Manageable, weekly payments
Own the equipment at the end of the agreement
Interest component of the equipment leasing payments and the equipment’s depreciation are tax deductible. *

Custom equipment we'll fund

The custom equipment SilverChef funds includes not only made-to-measure equipment, but other types of ‘non-standard’ equipment, fixtures and fittings too (see list below):

This list is not exhaustive: To confirm whether the equipment you have in mind is eligible for Custom Equipment Lease, please call us on 1800 337 153.

A–C

All custom-made equipment
Audio-visual equipment
Bar equipment (e.g. beer reticulation systems)
Bug zappers (portable)
Coffee carts
Cool rooms (custom)
Customer paging/food buzzer systems

D–R

Digital media boards
Exhaust canopies/hoods (installed)
Grease traps (fixed and portable)
Heat lamps
Heaters (outdoor, fixed)
Point-of-sale (POS) software
Robot waiters

S–Z

Security systems
Stainless-steel (custom benches, custom paneling, etc.)
Shelving (custom)
Smallwares (e.g. cutlery, dinnerware, glassware, table-top items, pots and pans, food prep utensils and tools) ^
Vending machines (excluding coffee)

^ Cannot comprise more than 10% of the total value of the equipment in the lease agreement.

How Custom Equipment Lease works

We fund the equipment you need

You order the custom or ‘non-standard’ commercial kitchen equipment you need and, after approving your finance application, we pay for it on your behalf.

You lease it from us

You lease the equipment from us for manageable, weekly payments over two years.

You own it

When the lease ends, you own the equipment.

We fund the equipment you need

You order the custom or ‘non-standard’ commercial kitchen equipment you need and, after approving your finance application, we pay for it on your behalf.

You lease it from us

You lease the equipment from us for manageable, weekly payments over two years.

You own it

When the lease ends, you own the equipment.

Benefits of Custom Equipment Lease

Custom equipment

Getting finance for custom-made hospitality equipment can be difficult at the best of times and is typically harder for start-ups.

We’ll finance most made-to-measure equipment that helps your business make a profit.

Better cash flow

Rather than making a large, one-off payment for the custom equipment, you can pay for it in manageable, weekly instalments using the money the equipment helps you make.

This helps safeguard your business’s cash flow, enabling you to pay your other bills and expand your business with greater financial confidence.

Fixed payments

The weekly lease payments are set for the duration of the agreement.

Because you pay an unchanging amount each week, it'll simplify your budgeting and cash-flow forecasts.

Tax-effective

The interest portion of your hospitality equipment leasing payments can be deducted from your taxable income.

The equipment’s depreciation — the gradual fall in its value over its lifetime — is also tax-deductible. *

Pathway to ownership

With each lease payment you make, you’ll be a step closer to owning your custom commercial kitchen equipment outright.

At the end of the two-year finance term, it will be yours.

One-stop shop

We finance not only custom commercial kitchen equipment, but also standard equipment (Rent–Try–Buy and Lease-to-Keep).

In other words, virtually all the equipment, fixtures and fittings you could conceivably need for your venue can be funded through SilverChef. Easy!

What our customers say

We’re a new business and money is tight. SilverChef allowed us to get equipment to make our business grow without leaving us strapped for cash.

Martin Bouchier

Phat Mango

Darwin, NT

Without SilverChef, we literally couldn’t operate! SilverChef has freed up our cash to buy more produce, meet running costs, and pay the day-to-day bills.

Kylie Johnson

Kings Junction Cafe

Bungendore, NSW

Being able to rent from SilverChef has made my dream of opening a coffee shop a reality. The budget-friendly repayments are kind to the hip pocket, especially when starting out.

Corine Hubbard

Hugs With Mugs

Baldivis, WA

When we were opening our business, SilverChef gave us the opportunity to free up some cash flow! Such a great opportunity to grab some great equipment! The after-sales support was great as well.

Matti Rollo

Hashtag Burgers & Waffles

Brisbane, QLD

Just when you think you’ve run out of time to pursue your dreams, you’re given a lifeline to do what you once thought was impossible. SilverChef was that for me and more.

Tara Barchalk

The Sol Collective

Korora, NSW

To be honest, it’s the easiest and simplest way to get hospitality equipment installed for new businesses. The team are truly a pleasure to deal with. As we continue to grow, we will continue to partner with them.

Jason Carey

Blue Koala Café

Gold Coast, QLD

SilverChef not only provided finance for my new fridges, they were there to help me when my previous fridges blew up. They came to the rescue and got me sorted in no time. Best customer service any business could ask for.

Rick Bonham

Bargains Direct

Sydney, NSW

I took a ‘crazy’ leap of faith to buy a cafe during [COVID] lockdown. SilverChef has made it possible to turn my ‘crazy’ into a vibrant, positive and productive cafe. Without Silverchef I would be struggling with the old equipment that was holding me back.

Erica King

Gasworks Cafe

Melbourne, VIC

SilverChef should be renamed GoldChef, because that's the service they provide. I feel so proud to show off my new equipment. Every day is a great day because of SilverChef — they've made my experience amazing.

Annie Ambrose

Heavenly Grounded

Perth, WA

Frequently asked questions

Do I have to provide a personal guarantee / director’s guarantee?

Yes — a director’s guarantee is required for all Custom Equipment Lease agreements (irrespective of the value of the leased equipment).

For more information, please contact us.

When do the lease payments begin?

Your equipment leasing payments will begin as soon as the equipment is delivered to your business address.

Can I claim the lease payments as a tax deduction?

Yes — but only the interest component of the payments (minus of any Goods and Services Tax).*

Can I claim depreciation on the leased equipment?

Yes — you can claim a tax deduction for the decline in the value of your leased equipment.*

While depreciation deductions are generally available only to the legal owner of the asset, hire-purchase arrangements like Custom Equipment Lease are generally treated as a notional sale of goods.

In other words, the lessee (you) rather than the legal owner (SilverChef) is entitled to claim the depreciation on the leased equipment over its effective life thereby reducing your tax liability.

(If you’re eligible to claim an immediate or accelerated deduction on the leased equipment using a tax-depreciation incentive, it can further add to your cash flow.)*

Who owns the leased equipment?

Though the equipment is in your hands, we own it until you make your final lease payment, at which point you become the owner.

Our ownership of the equipment will be recorded on the Personal Property Security Register (PPSR).

While you’re leasing the equipment, you can use it as you please, as long as it’s only for business (not personal/domestic) purposes; and you don’t sell, give, assign, lend or release the equipment to a third party to use without our prior consent.

Also, if you move the equipment from the original address you gave us, you must let us know right away.

Can I upgrade the equipment?

No — Custom Equipment Lease does not give you the option to upgrade the equipment.

Still have unanswered questions? See all our FAQs

*This advice is general in nature and does not consider your personal circumstances. Professional advice should be sought that is tailored to your personal situation.