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Other finance solutions
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Other finance solutions
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Get approval for $10,000 or more within two business days. No obligation to use approved finance.
Spread equipment cost over 2-5 years
Interest rate fixed for entire term
Own the equipment at end of lease
COMMERCIAL kitchen equipment can be expensive and, for many businesses, beyond their budget.
Even if you have the money to purchase the equipment up front, you risk putting pressure on your business’s cash flow.
Lease-to-Keep makes equipment more affordable and reduces your financial risk by enabling you to spread the equipment’s cost over several years.
You select the commercial kitchen equipment you want and, after approving your finance application, we buy it for you.
You lease the equipment from us for low, monthly payments over two, three, four or five years.
At the end of the lease, you own the equipment.
Our Lease-to-Keep interest rate is based on your circumstances, including the amount you borrow, how long your business has been trading, and its creditworthiness. Your circumstances also determine the equipment-value amounts and term lengths you’re eligible for. For more information, please call us on 1800 337 153.
Instead of paying for the equipment in one big lump sum, you can spread the cost and pay for it in low, monthly amounts out of the revenue it helps generate.
This helps protect your business’s cash flow, enabling you to meet your other expenses and grow your business more easily.
The interest rate is fixed for the entire length of the agreement. You won’t have to worry about interest-rate rises if the Reserve Bank decides to lift the cash rate.
Because you pay the same amount every single month, it’ll also make your budgeting and cash-flow projections easier.
You can choose higher-quality equipment than you would otherwise be able to afford, improving your business’s efficiency and productivity.
It means you can get the equipment you want rather than having to make do with second best.
The interest component of your hospitality equipment leasing payments is a tax-deductible expense.
If you have the cash, you can pay out the equipment early.
We’ll discount the interest on your remaining payments (though you’ll incur a modest early-termination fee).
If you sell your business while leasing equipment from SilverChef, you can ask us to assign, or transfer, the lease agreement to the new business owner (with their consent, and subject to them meeting our standard credit-assessment criteria).
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
The Lease-to-Keep interest rate is based on the customer’s business circumstances.
The rate varies according to the amount the customer borrows, how long their business has been trading, whether it has enough cash to service the lease, and its creditworthiness.
To find out the rate that would apply to you, please call us on 1800 337 153.
Yes — a director’s guarantee is required for all Lease-to-Keep agreements (regardless of the lease equipment’s value).
For more information, please contact us.
Aside from the interest charged on the finance amount, the only fees that apply are:
Your equipment leasing payments will start after we’ve confirmed the equipment has been delivered to your business premises.
If you’re doing a full fit-out or refurbishment and could experience delays — for example, due to council or construction issues — we recommend you hold off ordering the equipment until shortly before your venue is ready to start trading.
(Equipment in stock can usually be delivered to your venue in 1–14 days, depending on your location. If it’s out of stock, you’ll need to allow for a longer lead time and order it sooner. Your equipment dealer will be able to advise you.)
If for whatever reason your lease payments start before you commence trading, please contact us as soon as possible.
Though the equipment is in your possession, we own it until you make your final lease payment, at which point you become the owner.
As the owner of the equipment, we’ll record an interest in the equipment on the Personal Property Security Register (PPSR).
During the term of the lease you can use the equipment as you see fit, provided it’s only used 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 approval.
Also, if you move the equipment from the location you originally gave us, you must tell us immediately.
No — if you lease commercial kitchen equipment you don’t have the option to upgrade it during the finance term.
If you’d like the flexibility of being able to upgrade the equipment at any time, Rent–Try–Buy may be a better solution for you.
If you’d prefer not to commit to a multi-year lease or you’re unsure which hospitality equipment you need, Rent–Try–Buy may be the solution you’re looking for.
It’s a 12-month rental agreement that allows you to try the equipment before deciding whether to buy it.
