Silver Chef Rent-Try-Buy
A flexible funding solution that lets you try out hospitality equipment before you purchase it
Benefits of Rent–Try–Buy
Unrivalled flexibility
Let’s
your equipment grow and change with your business by allowing you to try
the equipment before deciding whether to upgrade it, buy it, continue
renting it, or return it.
Flexibility no other financier, cash or credit card can match.
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% net 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.
This effectively saves you 25 cents in each dollar of rent you pay.*
Borrowing capacity unaffected
Your equipment rental payments are ‘off balance sheet’.
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.
So, if your financial circumstances change and/or you no longer need the equipment, you simply return it to us.
Benefits of Rent–Try–Buy
-
Unrivalled flexibility
Let’s your equipment grow and change with your business by allowing you to try the equipment before deciding whether to upgrade it, buy it, continue renting it, or return it.
Flexibility no other financier, cash or credit card can match.
-
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.
This effectively saves you 25 cents in each dollar of rent you pay.*
-
Borrowing capacity unaffected
Your equipment rental payments are ‘off balance sheet’.
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.
So, if your financial circumstances change and/or you no longer need the equipment, you simply return it to us