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Other finance solutions
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Other finance solutions
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Get approval for $1,000 or more of equipment. No obligation to use approved finance.
Wide range of custom-made equipment
Spread equipment cost over 2 years
Own the equipment at end of lease
WHEN IT comes to commercial kitchen fit-outs or refurbishments, it’s the custom equipment and fixtures that often account for the bulk of the cost.
This made-to-order equipment can be prohibitively expensive for many businesses. And even if you have the funds, purchasing the equipment up front could put a strain on your business’s cash flow.
SilverChef’s Custom Equipment Lease makes customised equipment more attainable and lowers your financial risk by allowing you to spread the equipment’s cost over two years.
The custom equipment SilverChef funds includes not only made-to-measure equipment, but other types of ‘non-standard’ equipment, fixtures and fittings too (see list below):
This list is not exhaustive: To confirm whether the equipment you have in mind is eligible for Custom Equipment Lease, please call us on 1800 337 153.
^ Cannot comprise more than 10% of the total value of the equipment in the lease agreement.
You order the custom or ‘non-standard’ commercial kitchen equipment you need and, after approving your finance application, we pay for it on your behalf.
You lease the equipment from us for manageable, weekly payments over two years.
When the lease ends, you own the equipment.
Getting finance for custom-made hospitality equipment can be difficult at the best of times and is typically harder for start-ups.
We’ll finance most made-to-measure equipment that helps your business make a profit.
Rather than making a large, one-off payment for the custom equipment, you can pay for it in manageable, weekly instalments using the money the equipment helps you make.
This helps safeguard your business’s cash flow, enabling you to pay your other bills and expand your business with greater financial confidence.
The weekly lease payments are set for the duration of the agreement.
Because you pay an unchanging amount each week, it'll simplify your budgeting and cash-flow forecasts.
The interest portion of your hospitality equipment leasing payments can be deducted from your taxable income.
The equipment’s depreciation — the gradual fall in its value over its lifetime — is also tax-deductible. *
With each lease payment you make, you’ll be a step closer to owning your custom commercial kitchen equipment outright.
At the end of the two-year finance term, it will be yours.
We finance not only custom commercial kitchen equipment, but also standard equipment (Rent–Try–Buy and Lease-to-Keep).
In other words, virtually all the equipment, fixtures and fittings you could conceivably need for your venue can be funded through SilverChef. Easy!
Terms and conditions apply. Customers should seek taxation, legal or other professional advice independent to their personal circumstances before applying.
*Actual customers, told in advance they might be included in advertising.
Frequently asked questions
Yes — a director’s guarantee is required for all Custom Equipment Lease agreements (irrespective of the value of the leased equipment).
For more information, please contact us.
Your equipment leasing payments will begin as soon as the equipment is delivered to your business address.
Yes — but only the interest component of the payments (minus of any Goods and Services Tax).*
Yes — you can claim a tax deduction for the decline in the value of your leased equipment.*
While depreciation deductions are generally available only to the legal owner of the asset, hire-purchase arrangements like Custom Equipment Lease are generally treated as a notional sale of goods.
In other words, the lessee (you) rather than the legal owner (SilverChef) is entitled to claim the depreciation on the leased equipment over its effective life thereby reducing your tax liability.
(If you’re eligible to claim an immediate or accelerated deduction on the leased equipment using a tax-depreciation incentive, it can further add to your cash flow.)*
Though the equipment is in your hands, we own it until you make your final lease payment, at which point you become the owner.
Our ownership of the equipment will be recorded on the Personal Property Security Register (PPSR).
While you’re leasing the equipment, you can use it as you please, as long as it’s only for business (not personal/domestic) purposes; and you don’t sell, give, assign, lend or release the equipment to a third party to use without our prior consent.
Also, if you move the equipment from the original address you gave us, you must let us know right away.
No — Custom Equipment Lease does not give you the option to upgrade the equipment.
