Our Rent-Try-Buy® Solution is perfect for restaurateurs and caterers who want to keep their options open. With the Rent-Try-Buy® Solution, you
aren’t locked into a long-term contract. Instead, we offer a 12-month agreement, so your business has the flexibility to:
Benefits of the Silver Chef Rent-Try-Buy® Solution include:
•Low weekly rental repayments.
•The chance to free up your valuable working capital.
•The ability to try before you buy.
•Peace of mind from knowing you’re not stuck with equipment that isn't perfect for your needs.
•The ability to add further equipment as your business grows.
•A 12 month agreement – don’t get locked into a long term lease.
•No directors’ guarantees, so you don’t have to put your house on the line!
•Rental payments are 100% tax-deductible.
•Renting is off ‘balance sheet’, meaning it doesn't affect your capacity to borrow for future expansion.
•Furthermore our application process is simple and obligation free.
If you’ve made the smart decision not to tie up capital in Catering Equipment, you now must weigh the option of renting against the more common financing option: leasing.
While leasing may look like a good idea at first glance, you need to take into account the full impact leasing Kitchen Equipment will have on your business.
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A lease is a balance sheet item – which reduces your equity, your ability to borrow and, accordingly, your availability of working capital. Rent is an 'off-balance' sheet item (like salaries or electricity). This means that rental contracts have no impact on your equity, or on your ability to borrow.
A lease requires a lot of paperwork and binds you into a four year contract. This contract makes it difficult to trade or sell your equipment when it comes time to upgrade your kitchen.
A Silver Chef Rent-Try-Buy® agreement involves minimal paperwork, meaning you can get the equipment you need immediately – and enjoy the flexibility to upgrade whenever it suits.
To learn more about how our equipment rental option can improve your availability of working capital contact us today!