Typically, the difference between leasing and renting has to do with the length of term – with the length of a lease typically being longer. SilverChef offers a rental product – Rent-Try-Buy, and a finance lease product – Lease-to-Keep®. They are different in several important ways.
With Rent-Try-Buy, you rent your commercial kitchen equipment and make weekly rental payments for a 12 month term, while retaining the option to purchase your equipment or upgrade it during the term. At the end of the 12 month rental term, you have the additional options to return, continue renting or work towards ownership with our Easy Own® product.
With Lease-to-Keep you sign up for a 48 month term, you make monthly lease payments, and at the end of the term you own the commercial kitchen equipment (providing the last payment has been made and customer is not in breach of the agreement).