RENT-TRY-BUY

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Get approval for up to $65,000 in under 5 minutes

BENEFITS OF SILVERCHEF FINANCE

WHO OUR FINANCE IS FOR

Frequently Asked Questions

We’ll finance virtually any type of commercial kitchen equipment that helps your business make a profit.

The equipment must have an invoice value of $1,000 or more (Rent–Try–Buy) or $10,000 or more (Lease-to-Keep).

Yes — we’re happy approve your finance before you select the equipment, so you can go shopping knowing how much you’ve got to spend.

(Or we can approve it after you’ve found the equipment you want.)

When you apply for $65,000 or less of Rent–Try–Buy finance, we’ll generally only ask you three things:

  1. Who you are (driver’s licence and Medicare number).
  2. The business the equipment is for (Australian business number, or ABN). 
  3. The business address (i.e. where the equipment will be located).

We’ll then run an identification and credit check before giving you a decision on your application.  

To find out what’s required for applications for more than $65,000 of Rent–Try–Buy finance or for Lease-to-Keep finance, please contact us.

With Rent–Try–Buy, you can get approval for up to $65,000 of hospitality equipment finance in under five minutes (subject to you providing us with the information required and passing an identification and credit check).

If you need more than $65,000, we’ll get back to you within one business day to ask you for additional information; we should be able to give you a decision on your application within three business days.

Lease-to-Keep
Finance applications are typically assessed within two business days, subject to you providing us with all the information required.

The amount you’re approved for is your ‘master-agreement limit’, which is effectively the amount of credit you have available (i.e. your credit limit). 

You can use some or all of it — it’s up to you. 

If you use some of it, you can order more equipment later using the remaining amount. 

The good news is your master-agreement limit does not expire, and you won’t have to apply again until you reach your limit. (SilverChef reserves the right to reduce a customer’s limit at any time.)

If you order additional equipment and if it’s been 90 days or more since your last transaction with us, we’ll re-run the credit check.

Silverchef owns the equipment and rents it to you.


As the owner of the equipment, we'll record an interest in the equipment on the Personal Property Security Register (PPSR).

You can use the equipment as you see fit, provided it's used 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 approval.

Also, if you move the equipment from the location you originally gave us, you must tell us immediately.

You can buy the rental equipment (own it) at any time.

Still have unanswered questions?

*The ATO has indicated that there are several expenses involved in running a business that could be claimed as business-related tax deduction. For example, if the expenses relate directly to income earned and are used for a commercial (not personal) purpose. These expenses include operating expenses (e.g. rental payments) and capital expenses (e.g. depreciating equipment). This advice is general in nature anddoes not consider your personal circumstances. Professional advice should be sought that is tailored to your personal situation.