The difference between leasing and renting has to do with the length of term – with the length of a lease typically being longer. SilverChef offers a rental product, Rent-Try-Buy; and a finance lease product, Lease-to-Keep. They are different in several important ways.
With Rent-Try-Buy, you rent your new or used commercial bar equipment and make weekly rental payments for a 12-month term, while retaining the option to purchase your bar equipment or upgrade it during the term.
At the end of the 12-month rental term, you can return or continue renting the equipment.
To choose Lease-to-Keep, you must have been trading for a minimum 12 months, and be financing a minimum of $10,000 in commercial bar equipment. You sign up for a 48-month term, make monthly lease payments, and at the end of the term you own the bar equipment (providing the last payment has been made and you are not in breach of the agreement).