Buy Back

Get cash out of your commercial kitchen equipment and into your business.

HAVE YOU bought commercial kitchen equipment recently? And has cash flow become a challenge for your business?

If so, our ‘Buy Back’ offer may be the solution you’re looking for.

It can help ease your cash-flow pressures by enabling you to quickly access capital from a hidden source: The money tied up in your equipment.

Not only do you get to continue using your equipment, you also receive a chunk of cash to help you pay for operating costs, settle debts, reinvest in your business, or provide a buffer against future financial challenges.

Enquire about selling your equipment to us

How it works

We buy your equipment

We buy your eligible equipment and pay you a lump sum of cash, which you can inject into your business.

You rent it back from us

You rent the equipment back from us under a 12-month Rent–Try–Buy agreement. The affordable, weekly rental payments help preserve your cash flow.

Flexible options to suit your business needs

With your rental agreement, you have access to unrivalled flexibility regarding your equipment, including the option to upgrade the equipment after 6 months.

We buy your equipment

We buy your eligible equipment and pay you a lump sum of cash, which you can inject into your business.

You rent it back from us

You rent the equipment back from us under a 12-month Rent–Try–Buy agreement. The affordable, weekly rental payments help preserve your cash flow.

Flexible options to suit your business needs

With your rental agreement, you have access to unrivalled flexibility regarding your equipment, including the option to upgrade the equipment after 6 months.

Equipment we'll buy from you

Looking to sell used commercial kitchen equipment? We’ll buy virtually any type, make and model of equipment from you that:

has a market value of $1,000 or more
has a data plate, including a serial number
is unencumbered (i.e. free of debt)
if older than six months, is on our list of ‘Buy Back accepted brands’.

For more information, contact us.

What we'll pay for your equipment

If your equipment is this old...	We'll pay you this much of the original invoice amount...^
Less than 6 months	90%
6-24 months	Up to 80%
More than 24 months	Up to 65%

^Subject to the condition of the equipment

How to unlock the capital in your equipment

1. Apply

You apply for Rent–Try–Buy funding by calling us on 0800 453 010.

2. Send documents

You send us:

your equipment supplier's original invoice
an invoice from your business billed to us, including your account details
photos of your equipment.

3. Get paid

Once your Rent–Try–Buy funding is approved and we’ve confirmed the eligibility of your equipment, we buy it from you and deposit the cash into your nominated bank account.

4. Start

You start paying affordable, weekly rental payments for the equipment under a 12-month Rent–Try–Buy® agreement.

Frequently asked questions

How does SilverChef calculate the amounts it pays for used equipment?

The prices we pay for used commercial kitchen equipment under our Buy Back scheme (see table above) are based on the equipment’s:

original invoice price
age
depreciation
make and model
condition.

What must the equipment supplier’s original invoice have on it?

For us to accept the original invoice, it must include the:

supplier’s details (business name, NZBN)
model number and/or item description
serial number
cost.

Which parts of my equipment do I need to photograph?

To help us identify the equipment and determine its condition, we need you to take photos of the equipment’s:

data plate, showing make, model, serial number, and date of manufacture
accessible sides
accessories
interior.

If the equipment is more than six months old, we may also ask you to send us a 20-second video showing the equipment in use.

Do you inspect the equipment before buying it from me?

If the equipment is valued at more than $5,000 and we’re not sure of its condition, we may inspect it. Otherwise, we won’t.

Do I need to give you the equipment’s service records?

Depending on the equipment’s age and condition (as shown in the photos you’ve taken for us), we may ask you for its service records.

Another lender financed my equipment and I still owe them money — is it eligible for Buy Back?

No — we only buy equipment that is unencumbered, i.e. not being used as security or collateral for an outstanding loan.