Rent-Try-Buy
- Flexible, 12-month rental agreement
- Upgrade or buy the equipment at any time
- If you buy, get back 75% of your net rental payments
of equipment funding in under 5 minutes
A flexible finance solution that lets you try hospitality equipment before you buy it
- A new or established business
- After $1,000 or more of equipment funding
- Looking to try the equipment before deciding whether to buy it, including items you're not sure about or think you might quickly outgrow.
- Flexible, 12-month rental agreement
- Manageable, weekly rental payments
- Upgrade or buy the equipment at any time
- If you buy, get back 75% of your net rental payments — to put towards the purchase price
- Continue renting or return the equipment after 12 months
- Rental payments are 100% tax deductible.*
Step 1
SilverChef backs potential and approves 96% of applicants, most of the within 24 hours. You can apply online or in-store. We have finance teams ready to assist.
Step 2
Choosing your equipment has never been easier, just browse online or in one of our showrooms. As a SilverChef Finance partner we can provide estimates, help with paperwork and organise your equipment.
Step 3
Once approved, we will finalise your transaction and arrange delivery. For all applicants, a 6 week refundable security bond is required.
Mid-term Options
If your business grows or changes direction and the equipment you’re renting from us is no longer suitable, you can upgrade it.
You can upgrade it to the same or a different type of equipment — as long as it’s standard hospitality equipment with a value equal to or higher than the original equipment.
We’ll ask you to return the original equipment to us and sign a fresh 12-month rental agreement covering the upgraded equipment.
The new agreement will give you all the options you were entitled to under the original agreement.
Customers are responsible for transporting the original equipment back to us and the cost for us to clean and service the equipment so it can be certified and remarketed.
If after trying your rental equipment you decide it’s exactly what your business is after, and you have the cash, you can buy the equipment at any time.
We’ll give you back 75% of the net rent you’ve already paid us, which you can put towards the purchase price.
Unlike other lenders, we won’t slug you with an early repayment fee.
You’ll just need to give us four weeks’ notice of your intention to buy the equipment.
End-of-term Options
If your business grows or changes direction and the equipment you’re renting from us is no longer suitable, you can upgrade it.
You can upgrade it to the same or a different type of equipment — as long as it’s standard hospitality equipment with a value equal to or higher than the original equipment.
We’ll ask you to return the original equipment to us and sign a fresh 12-month rental agreement covering the upgraded equipment.
The new agreement will give you all the options you were entitled to under the original agreement.
Customers are responsible for transporting the original equipment back to us and the cost for us to clean and service the equipment so it can be certified and remarketed.
If after trying your rental equipment you decide it’s exactly what your business is after, and you have the cash, you can buy the equipment at any time.
We’ll give you back 75% of the net rent you’ve already paid us, which you can put towards the purchase price.
Unlike other lenders, we won’t slug you with an early repayment fee.
You’ll just need to give us four weeks’ notice of your intention to buy the equipment.
If after trying the equipment you’d like to keep your options open or review your equipment needs farther down the track, you can continue renting the equipment month-to-month for as long as you need to (all the while continuing to steadily reduce its purchase price).Â
If you agree to rent the equipment for another 12 months, we’ll  reward your loyalty by giving you a 10% discount on your weekly rental payments (Loyalty agreement).
Your rental payments are 100% tax deductible.*
If you continue to rent, you’ll still be able to:
- upgrade the equipment at any time
- buy the equipment at any time
- return the equipment — at any time if you’re renting month-to-month; or after 12 months if you’ve signed a Loyalty agreement.Â
If you buy the equipment, we’ll give you back 75% of your first year’s net rental payments and 25% of all the payments you made thereafter — to put towards the purchase price.Â
You’ll just need to give us four weeks’ notice of your intention to buy the equipment.
If after trying the equipment you’d like to own it, but want to preserve your working capital, you can work towards owning the equipment over another two or three years (Easy Own®). Â
We’ll give you a 15% or 30% discount on your weekly payments respectively. Â
These payments are 100% tax deductible.*
It’s important you’re certain the equipment is right for your business: Unlike your original rental agreement, you don’t have the option to upgrade or return the equipment.
At the end of the term you own the equipment.
If your circumstances have changed or the equipment no longer suits your business’s needs (and you don’t want to upgrade it), you can return it to us when the 12-month rental agreement expires.
You’ll just need to give us four weeks’ notice of your intention to return the equipment.
At the end of that notice period we’ll send you a letter explaining how to get the equipment back to us.
Customers are responsible for transporting the equipment back to us and the cost for us to clean and service the equipment so it can be certified and remarketed.
We’ll deduct the cleaning and servicing costs from your security bond, the balance of which will be refunded to you.
Don’t worry – we’ll remind you closer to the time!
About a month before your 12-month rental agreement ends – and assuming you haven’t already upgraded or bought the equipment – we’ll contact you.
We’ll ask you how the equipment has been performing and whether it still matches your needs, and remind you what your end-of-term options are.
This will give you time to weigh up those options before deciding which one would be best for your business.
Rent-Try-Buy®
Rental Calculator
Unrivalled flexibility
75% net rental rebate
If you’re happy with the rental equipment, you can buy it at any time.
If you buy it within 12 months, we’ll give you back 75% of the rent you’ve already paid us — to put towards the purchase price.
Better cash flow
Rent–Try–Buy’s manageable, weekly rental payments mean your business can get the equipment it needs while maintaining a healthy cash flow.
Instead of draining your cash reserves to pay for the equipment up front, you pay for it in manageable  amounts out of the revenue it helps generate.
Income-tax deductions
If your business is profitable, you can reduce your taxable income by claiming your rental payments as deductible expenses.Â
This effectively saves you 25 cents in each dollar of rent you pay.*
Borrowing capacity unaffected
Your equipment rental payments are ‘off balance sheet’.Â
This means Rent–Try–Buy does not affect your business’s ability to borrow money from other lenders (or any existing loan covenants your business has with other lenders).
No personal guarantees
We typically don’t require director’s guarantees for funding amounts under $100,000. The funding is secured using the rental equipment as collateral.Â
So, if your financial circumstances change and/or you no longer need the equipment, you simply return it to us.
Why Wait?
Get approval for up to $65,000 in under 5 minutes
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