Silverchef Rent-Try-Buy

Silver Chef’s funding solution, Rent-Try-Buy®, is designed to help you find the right commercial kitchen or catering equipment to suit your business needs.

Fund new equipment whichever way suits you:

• Find your equipment first, then request to your retailer that your equipment is funded through SilverChef. If they are an accredited Silver Chef retailer, they will know exactly what to do. If they aren’t accredited, they will need to contact Silver Chef and we will run them through a quick accreditation process.
• Come directly to Silver Chef. Use our extensive industry experience to help guide you through the process of finding the right equipment for your needs. We’ll get to understand your business or prospective business, then put you in contact with an appropriate Silver Chef accredited dealer.

When it comes to funding new equipment, get the funding that fits you.

Who Is Silver Chef?

Silver Chef has provided Australia's hospitality industry with equipment funding for 30 years. They proudly partner with more than 800 dealers to offer quality commercial food, catering and restaurant equipment, both new and used, via our unrivalled finance solution.

Their Rent-Try-Buy® solution allows businesses to save their cash, free up working capital and adapt easily to market conditions and consumer trends.

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  Short 12 month agreement with 100% tax deductible rental payments
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  Purchase equipment many time and get a 75% net rental rebate
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  After 12 month you can continue renting with 30% discount or return equipment

What Makes Silver Chef Different

SilverChef strives for a reputation of exceptional service by using insights and customer-first thinking to deliver quick, easy, personalised experiences. In doing this, we aim to delight our customers and partners to further fuel our growth.

SilverChef does this using Net Promoter Score (NPS). NPS is a survey we conduct with our customers & partners to gauge loyalty & satisfaction. In a recent Australian NPS study by Bain & Company across several industries, the highest NPS scores in financial services ranged between +30 and +40.

Silver Chef has an average Net Promoter Score of +65. Our customers tell us we make it quick and easy to access the capital they need to start or grow their franchise business.

Rental Calculator

Frequently Asked Questions

When do I get the security deposit back?

Depending on the option you select, we will arrange for the deposit to be returned to you. Should you exercise the purchase option, and upon SilverChef’s receipt of the funds, the security bond will be refunded, usually within seven days. If you choose to return the equipment at the end of the contract, the security deposit will be refunded less any cleaning, transport to local depot, repair costs or replacement of non-returned accessories.

What are the upfront costs of funding?

The upfront costs of funding include a fully refundable security deposit equal to six weeks of the rental amount as well as an establishment fee of $200 (plus applicable taxes) that sets up your funding facility. Your flexible funding facility allows you to add further equipment when your needs arise! The security deposit is designed to be held against your piece of equipment until you advise us that you would like to utilize one of the five options available to you.

What are the five flexible options?

Purchase at any time during the 12 month period and your payout is simply the original purchase price less 75% of the rent paid. Upgrade at any time to equipment better suited for your business. Return the equipment after the 12 month period if you no longer need it. Continue to rent at the end of 12 months with no obligation and continue to enjoy 100% tax deductible rental payments Easy Own® at 12 months you can reduce your rental payments by 30% over 36 months and choose ownership at the end of the term for just $1!

How quickly can I arrange finance?

If you need finance fast, we’re here to help! Our Approval Centre can help you with fast, over-the-phone approval. Should an urgent need arise, we can assist you and your dealer by prioritizing the process to achieve same-day delivery. Because we're not lending money, and you are just paying for the use of the equipment, we typically* don't require your last two years of financials or a completed personal assets and liability statement or other documents you might need to provide to the bank. With SilverChef, we make it simple to get what you need, as soon as you need it. *Subject to approval criteria

What if I want to purchase within 12 months of starting my contract?

With SilverChef, you can! You can purchase anytime you like. In the first 12 months we will deduct 75% off the rent you’ve paid.

What is my payout amount if I choose to purchase?

As we offer a generous rental rebate where the purchase price simply gets lower and lower, call SilverChef at 1800 191 684 and our friendly team will provide you with your payout figure! From here, once we have received payment, you will receive a letter advising that the ownership of the asset has been transferred to you and the equipment is yours.

What happens with the maintenance?

Each new piece of equipment comes with a manufacturer’s warranty, which is passed on to you from your dealer. Once the warranty has expired, similar to any other finance package, you are responsible for maintenance and repair costs.

How does the payment system work?

Our rental agreement term is 12 months, but you have the option to purchase the equipment at any time and 75% of the rent you have paid, comes off the purchase price.

When does the rental agreement start?

The rental agreement begins on the day of your equipment delivery. Your first payment will then be automatically deducted from your bank account within seven days.