Silver Chef Rental

 

What is Rent - Try - Buy ?
How does it work ?
What can if fund ?
What are the benefits ?
Renting vs Leasing
Rental Calculator
Case studies
Rental application form
Downloads
Watch the Video
Download your Pre-Approved Card
 

 

Rent-Try-Buy Commercial Catering Equipment

The professionals at Silver Chef offer a smart and flexible solution specifically for organisations requiring Commercial Catering Equipment, Commercial Restaurant Equipment or kitchen fit-outs. That solution is Rent-Try-Buy ®.

From small family restaurants to franchise groups and large corporate catering services, the right funding is essential if you want to keep your options open, and preserve as much cash as possible to grow and expand.Silver Chef provides a finance solution to give you access to quality commercial catering equipment.

Unique to the marketplace, the Rent-Try-Buy® Solution allows you to save your hard-earned working capital – rather than spending it on depreciating assets. Rent Commercial Catering Equipment and if you exercise your option to buy, we reduce your purchase price by 75% of the rent you’ve already paid. Who says you can’t make your rental dollars work for you?

Remember - it's the use of the equipment not the ownership that generates profit!

 

How does it work?

Our Rent-Try-Buy® Solution is perfect for restaurateurs and caterers who want to keep their options open. With the Rent-Try-Buy® Solution, you aren’t locked into a long-term contract. Instead, we offer a 12-month agreement, so your business has the flexibility to:

  • Purchase equipment at any time during the first 12 months and receive a 75% rental rebate.
  • Return equipment at the end of the 12-month agreement if it is no longer required.
  • Continue to rent – and we’ll simply continue to reduce your purchase price.
  • Upgrade should you decide your business has outgrown the original equipment.

On our Master Agreement you are free to add additional equipment anytime, up to your approval limit. There's no need to pay any extra documentation fees or fill out a new agreement.

Example - Standard Option
Just say you rent assets valued at $10,000. By choosing the Rent-Try-Buy® Solution, you could look forward to:

 

Combi-Steamer Oven

 

Low weekly rent of                                                     

$115.38

Purchase price at the end of one year                            

$6,500

Total nett Rent-Try-Buy Payments                                

$10,700

Rental cost of ownership                                                    

$700

Nett % rental cost of funding                                                   

 7% 

 

**Nett rent after-tax savings plus purchase price

A refundable security bond of an amount equal to 13 weeks is required with the signed agreement. A Document Fee of $195 will also apply.

Total asset value on each contract must be a minimum of $2000.

 

 

 

 

What can I fund?

Silver Chef offers funding for all types of Commercial Restaurant Equipment and Commercial Catering Equipment through our Standard Option. And now, with the launch of our SWIFT Option, you can also fund a complete fit-out* - everything from stainless steel benches and shelves, to custom-made equipment and exhaust hoods.

*Please note: Silver Chef does not fund tabletop items.

 

 

Benefits

Benefits of the Silver Chef Rent-Try-Buy® solution include:

  • Low weekly rental repayments.
  • The chance to free up your valuable working capital.
  • The ability to try before you buy.
  • Peace of mind from knowing you’re not stuck with equipment that isn’t perfect for your needs.
  • The ability to add further equipment as your business grows.
  • A 12 month agreement – don’t get locked into a long term lease.
  • No directors’ guarantees, so you don’t have to put your house on the line!
  • Rental payments are 100% tax-deductible.
  • Renting is off ‘balance sheet’, meaning it doesn’t affect your capacity to borrow for future expansion.

Further, our application process is simple and obligation free - click here to get started.

 

 

Renting vs leasing

If you’ve made the smart decision not to tie up capital in Catering Equipment, you now must weigh the option of renting against the more common financing option: leasing.

While leasing may look like a good idea at first glance, you need to take into account the full impact leasing Kitchen Equipment will have on your business.

Leasing                                                 Silver Chef Rent-Try-Buy®

× Four-year fixed contract                     - Off-Balance Item
× On-balance item                                 - No Director’s guarantee required
× Director’s guarantee required            - Buy with 75% rebate on the rent you’ve paid
× No discounted purchase option          - Return or continue renting (& lower the  
× Stuck with the equipment                    purchase price)

Leasing requires directors’ Guarantees – which puts your personal assets (your home) on the line. Our rental agreement does not require Directors’ Guarantees.

A lease is a balance sheet item – which reduces your equity, your ability to borrow and, accordingly, your availability of working capital. Rent is an 'off-balance' sheet item (like salaries or electricity). This means that rental contracts have no impact on your equity, or on your ability to borrow.

A lease requires a lot of paperwork and binds you into a four year contract. This contract makes it difficult to trade or sell your equipment when it comes time to upgrade your kitchen. A Silver Chef Rent-Try-Buy® Agreement involves minimal paperwork, meaning you can get the equipment you need immediately – and upgrade whenever it suits.

As you can see, renting offers a level of flexibility that neither purchasing nor leasing can match.

To learn more about how our equipment rental option can improve your availability of working capital – and, accordingly, increase the rate of growth of your business – contact us today!

Want to know what your repayments would be? Check out our Rental Calculator.

 

 

 

 

 

FOR ALL ORDERS AND ENQUIRIES

Please call Ambassador Catering Equipment on

  • 1300 797 084
  • info@acecater.com.au