Funding solutions designed for hospitality

At SilverChef, we understand that every hospitality business journey is unique, and the nature of the industry is sometimes uncertain. Our Rent-Try-Buy® solution gives you unrivalled flexibility to adapt your equipment to the changing needs of your business. It's a solution designed by hospitality people, for hospitality people.

How SilverChef works

What is Rent-Try-Buy®?

Rent-Try-Buy is a 12-month rental agreement, allowing you to try equipment in your business before you buy it. Enjoy unrivalled flexibility when it comes to owning and managing your commercial hospitality equipment.

How does it work?

During your first 12-months of the Rent-Try-Buy agreement, you have the following flexible options:

Upgrade at any time. For example, if you outgrow your two-group coffee machine, replace it with a three-group and simply add the balance to your weekly payments.

Purchase at any time. Once you know the equipment is right, you can purchase it outright with no penalty. In fact, you'll receive a 75% rebate on all your previous payments.

Options at 12 months

When your first 12-month Rent-Try-Buy agreement finishes, you can choose from the following options:

Purchase the equipment. If you know the equipment is right, you can purchase it outright and receive a 75% rebate on all your previous payments.* You can do this at the end of your 12-month agreement, or at any time during the 12 months.

Continue to rent. Continue renting and keep your options open, while the purchase price continues to reduce with each weekly payment. If you choose to purchase the equipment after 12 months of renting, you will receive a rebate of 25% on your net weekly rental paid from second year onwards.

Lease to own. Easy Own® lets you own the equipment in the most cost-effective way possible, and without eating into your working capital by purchasing outright. Enjoy a 30% discount on your weekly payments on a 36-month contract; or a 15% discount on your weekly payments on a 24-month contract. You'll own the equipment at the end of the term.

Return the equipment. If you've decided the equipment no longer suits your needs, simply return it to SilverChef.**

* Rebate is calculated on net rental payments (ex GST).

** Minimum cost of renting as per the contract is payable. Fees and charges to return the equipment may apply.

What type of equipment can I finance?

Starting or growing a serious hospitality business means serious equipment - so we finance most types of commercial hospitality equipment available from our network of accredited dealers. And if you're starting from scratch, we can finance your complete fit-out, including custom stainless-steel fixtures and furniture.

Another cost-effective option is our own range of Certified Used equipment. SilverChef's Certified Used equipment comes from businesses like yours, who have returned equipment through our Rent-Try-Buy product. Most Certified Used equipment is less than 18 months old, has undergone a six-stage refurbishment process and comes with warranty.

How do I get started?

At SilverChef, we back potential and passion. We look for ways to say 'yes', to help get your hospitality ambitions off the ground.

You can apply for finance with SilverChef in one of two ways:

1. Apply online. Whether you know the equipment you want or not, we recommend you apply as early as possible to secure your finance. There’s no commitment, and the application can take as little as three minutes.

2. At your preferred equipment dealer. We partner with hundreds of hospitality equipment dealers nationwide. You can be approved instore for up to $40,000 in less than 10 minutes.

Benefits of Rent-Try-Buy

  • High approval rate. We back potential and passion and look for ways to say 'yes'
  • Low weekly payments that preserve your cash flow
  • Unrivalled flexibility for peace of mind - you can upgrade or return your equipment if your needs change
  • 100% tax deductible payments*
  • Off-balance sheet funding doesn’t affect your borrowing ability*

* SilverChef doesn’t provide legal, tax or accounting advice and we recommend you see your tax advisor for more details.

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