FAQs

Buy Back is a scheme under which SilverChef buys eligible equipment from hospitality business owners who need an injection of cash. 

The business owner then rents the equipment back from us under a 12-month Rent–Try–Buy agreement. 

Not only does their business get a cash injection, the manageable, weekly rental payments, which are 100% tax deductible*, also help protect their business’s cash flow.

The prices we pay for used commercial kitchen equipment under our Buy Back scheme are based on the equipment’s:

• original invoice price
• age
• depreciation (using the Australian Taxation Office’s depreciation rates)
• make and model
• condition.

For us to accept the original invoice, it must include the:

• supplier’s details (business name, ABN)
• model number and/or item description
• serial number
• cost.

To help us identify the equipment and determine its condition, we need you to take photos of the equipment’s:

• data plate, showing make, model, serial number, and date of manufacture
• accessible sides
• accessories
• interior. 

If the equipment is more than six months old, we may also ask you to send us a 20-second video showing the equipment in use.