-
Finance
Finance
- Resources
-
About us
What is SilverChef Rent-Try-Buy?
Low weekly payments for hospitality equipment
SilverChef Rent-Try-Buy is equipment financing made for hospitality. It's a 12 month rental agreement that allows you to get the hospitality equipment you need while giving you the flexibility to change, upgrade or own your equipment at any time. All while keeping your cash flow healthy with low weekly payments.
Equipment financing for all business types:
- New
- Established
- Franchise
SilverChef offer equipment financing for new and established businesses. Whether you are just starting up, or a franchise that requires high usage equipment that's prone to wear & tear, we have a financing solution for you.
Starting a new business? Congratulations! We have supported countless hospitality ventures without a business history, from day one of their hospitality journey.
Try the equipment before deciding whether to buy it! You have the flexibility to pivot operations by being able to change the equipment completely. Or you can upgrade your equipment if you want to keep it in warranty, or you outgrow your current model.
Our standard application time is less than 5 minutes for funding under $35,000. Approvals take as little as 5 minutes as well.
Our customers are the heart of our business
See what they say about us
*Actual customers, told in advance they might be included in advertising.
Calculate your rental payments
Calculate your rental payments with our Rent-Try-Buy calculator
How SilverChef Rent-Try-Buy Works
It's fast and easy to get started!
Apply for SilverChef Rent-Try-Buy
Financing up to $35,000 is available with minimal documentation needed. For amounts over $35,000, additional requirements may apply.
Choose your equipment
Select your equipment from your preferred dealer.
Start your rental agreement
Once your financing is approved and you have chosen your equipment, you are ready to start your rental agreement.
Let us tailor a solution for you
Talk to a hospitality financing expert
Frequently asked questions
Your most asked questions - answered
SilverChef Rent-Try-Buy is a flexible 12 month rental agreement that allows you to get the hospitality equipment you need while giving you the flexibility to change, upgrade or own your equipment at any time. All while keeping your cash flow healthy with low weekly payments.
Aside from weekly rental payments, the fees and charges are:
- A refundable security deposit — equivalent to six weeks rent.
- The cost of transporting any equipment returned to us during or after the 12 month rental period. This varies based on the equipment’s weight and the distance it needs to be transported.
- The cost of cleaning and servicing any equipment returned to us during or after the 12 month rental period. The cost can vary depending on the type of equipment and its condition.
No — although your rental payments will gradually lower the equipment's purchase price, there will still be an outstanding balance at the end of the 12 month agreement. To confirm how much the balance is, please call us at 1-888-233-9910 to request a buyout quote. You can purchase the equipment at any point during the rental agreement (not just at the end of it).
Your rental payments will start once your preferred equipment dealer submits the invoice for your equipment to SilverChef to pay. If you anticipate any delays in using the equipment due to construction or other issues, it’s recommended you hold off on ordering equipment until closer to the date your business is ready to begin operating. In select cases, we can delay the start of your contract for up to 3 weeks if the equipment delivery is delayed after the invoice is processed. This is on a case-by-case basis and at the sole discretion of SilverChef.
If you decide to buy the rental equipment, you’ll get back 60% of the net rent you paid in the first year and — if applicable — 20% of the net rent you paid thereafter.
This ‘rental rebate’ is deducted from the amount financed — the rebate can’t be paid to you in cash.
Not answered your questions?
Want to know more?
Get in touch and let's tailor a financing solution for your business