Custom Equipment Lease

Broad array of custom-made equipment

Pay in manageable instalments over 2 years

Own the equipment at end of lease

Apply Now

Get approval for $1,000 or
more of equipment

No obligation to use approved finance

A finance solution that enables you to spread the cost of your custom equipment over time and protect your cash flow

WHEN IT comes to commercial kitchen fit-outs or refurbishments, it’s the customised equipment and fixtures that often account for most of the cost.

This made-to-measure equipment can be pricey and, for some businesses, unaffordable. Even if you have the money, purchasing the equipment outright could put pressure on your business’s cash flow.

SilverChef’s Custom Equipment Lease makes customised equipment easier to obtain and reduces your financial exposure by enabling you to pay for the equipment in manageable instalments over two years.

May suit you if you’re…

  • A new or established business 
  • Seeking at least $1,000 of custom-equipment funding 
  • Aiming to own the equipment but want to pay for it in cash flow-friendly instalments  

Key features

  • 24-month hire-purchase agreement 
  • Fixed, weekly payments
  • Own the equipment at the end of the agreement 
  • Interest component of the equipment leasing payments and the equipment’s depreciation are tax deductible. * 
Custom equipment we'll fund

The custom equipment SilverChef funds includes not only tailor-made equipment, but other types of ‘non-standard’ equipment, fixtures and fittings too (see list below).

This list is not comprehensive: To find out whether the equipment you want is eligible for Custom Equipment Lease, please call us on 0800 453 010.

A–C

  • All custom-made equipment  
  • Audio-visual equipment 
  • Bar equipment (e.g. beer reticulation systems) 
  • Bug zappers (portable) 
  • Coffee carts 
  • Cool rooms (custom) 
  • Customer paging/food buzzer systems 

D–R

  • Digital media boards  
  • Exhaust canopies/hoods (installed)  
  • Grease traps (fixed and portable) 
  • Heat lamps 
  • Heaters (outdoor, fixed) 
  • Point-of-sale (POS) software 
  • Robot waiters

S–Z

  • Security systems 
  • Stainless-steel (custom benches, custom paneling, etc.) 
  • Shelving (custom) 
  • Smallwares (e.g. cutlery, dinnerware, glassware, table-top items, pots and pans, food prep utensils and tools) ^ 
  • Vending machines (excluding coffee) 

^ Cannot comprise more than 10% of the total value of the equipment in the lease agreement.

How Custom Equipment Lease works

01

We buy the equipment for you

You order the custom or ‘non-standard’ commercial kitchen equipment you want and,
after approving your finance application, we buy it for you.

02

You lease it from us

You lease the equipment from us for manageable, weekly payments over two years.

03

You own it

At the end of the lease, you own the equipment.

01

We buy the equipment for you

You order the custom or ‘non-standard’ commercial kitchen equipment you want and,
after approving your finance application, we buy it for you.

02

You lease it from us

You lease the equipment from us for manageable, weekly payments over two years.

03

You own it

At the end of the lease, you own the equipment.

Benefits of Custom Equipment Lease

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Custom equipment

Securing funding for customised hospitality equipment can be challenging at the best of times, especially for start-ups.

If the bespoke equipment helps your business makes a profit, chances are we’ll be happy to finance it.

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Better cash flow

Instead of paying for the custom equipment outright, you can pay for it in manageable, weekly instalments out of the money it helps you make.

This helps safeguard your business’s cash flow, allowing you to meet your other expenses and expand your business with greater ease.

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Fixed payments

The weekly lease payments are fixed for the life of the agreement.

Since you pay the same amount each week, your budgeting and cash-flow projections will also be simpler.

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Tax-effective

The interest segment of your commercial kitchen equipment lease payments is a tax-deductible expense.

In addition, you can claim a deduction for the equipment’s depreciation over its useful life.*

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Pathway to ownership

Each lease payment takes you a step closer to owning your custom commercial kitchen equipment outright.

When the two-year finance term ends, the equipment is yours.

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One-stop shop

As well as custom commercial kitchen equipment, we finance standard equipment (Rent–Try–Buy and Lease-to-Keep).

This means virtually all the equipment, fixtures and fittings you could possibly need for your venue can be funded by us. Easy!

What our customers say

SilverChef has made it possible for us to expand our business … without the huge stress of having to put all our cash into purchasing brand-new equipment.

[I like the fact] SilverChef is focused on kitchen equipment financing. Their finance terms, options, and flexibility are very competitive compared to other financiers.

This was so much easier than dealing with the bank. SilverChef has been so helpful and efficient!

As this is my first hospitality-industry experience, money was a big problem, but with SilverChef I could get all the equipment I dreamed of without any hassle. It doesn't matter how big you are in hospitality -- SilverChef is there for everyone.

SilverChef has been a great tool for us. It has allowed our kitchen to upscale equipment to meet growing demand without having to spend time reselling what we don’t need.

Thanks to SilverChef, we replaced three cooking appliances with a MerryChef and can now present much better food. We couldn't have done it without SilverChef.

It was an easy application process and I prefer using used equipment instead of buying new. This is not only cheaper, but also more sustainable.

SilverChef has allowed me to access the equipment I needed to scale up my business and increase my supply.

SilverChef has provided a seamless financing option to help us create our new retail space.

GET FINANCE BEFORE OR AFTER YOU’VE ORDERED THE EQUIPMENT

Our equipment-finance process

Find out what happens from the instant you order your custom commercial kitchen equipment or apply for finance right through to the time the equipment is delivered to your business premises.

Equipment before finance


Want to order your customised equipment before figuring out how to pay for it? No problem!

Show process Hide process

1. Order equipment 

Order the custom hospitality equipment you want from your preferred manufacturer or dealer.

2. Apply for finance

You can choose one of three ways to apply:

  • in an accredited equipment-dealer’s showroom or on their website
  • on the SilverChef website 
  • by calling us on 0800 453 010.  

3. Sign agreement

After your application is approved, we’ll request that you electronically sign and send back the Custom Equipment Lease agreement and pay the upfront costs.

4. Take delivery

We’ll purchase the equipment you’ve ordered and the manufacturer or dealer will deliver it to your door. You’ll then begin making your weekly lease payments.

Finance before equipment


We can approve your finance before you order your custom equipment, so you have a clear understanding of your budget.

Show process Hide process

1. Apply for finance

You can choose one of three ways to apply:

  • in an accredited equipment-dealer’s showroom or on their website
  • on the SilverChef website 
  • by calling us on 0800 453 010.  

2. Sign agreement

After your application is approved, we’ll request that you electronically sign and send back the Custom Equipment Lease agreement and pay the upfront costs.

3. Order equipment

Order the custom hospitality equipment you want from your preferred manufacturer or dealer.

4. Take delivery

We’ll purchase the equipment
you’ve ordered and the manufacturer or dealer will deliver it to your door. You’ll then begin making your weekly lease payments.

Frequently asked questions

Do I have to provide a personal guarantee / director’s guarantee?

Yes — a director’s guarantee is required for all Custom Equipment Lease agreements (regardless of the value of the leased equipment).

For more information, please contact us.

When will the lease payments start?

Your equipment leasing payments will start the moment the equipment is delivered to your business address.

Can I claim the lease payments as a tax deduction?

Yes — but only the interest segment of the payments.*

Can I claim depreciation on the leased equipment?

Yes — the decline in the value of your leased equipment can be claimed as a tax deduction.

Though depreciation deductions are generally available only to the asset’s legal owner, hire-purchase arrangements like Custom Equipment Lease are generally treated as a notional sale of goods.

This means the lessee (you) rather than the legal owner (SilverChef) is entitled to claim the depreciation of the equipment over its useful life.*

(This is unless you’re eligible to claim an immediate or accelerated deduction using a
tax-depreciation incentive.)

Who owns the leased equipment?

Although the equipment is in your possession, SilverChef owns it until you submit your last lease payment, whereupon you become the owner.

We’ll record an interest in the equipment on the Personal Property Security Register (PPSR).

You’re free to use the equipment as you please, but only for business (not personal/domestic) purposes; and provided you don’t sell, give, assign, lend or release the equipment to a third party to use without our okay.

Also, if you shift the equipment from the location you originally provided us, you must let us know straight away.

Can I upgrade the equipment?

No — Custom Equipment Lease does not give you the option to upgrade the equipment.

Still searching for answers? See all our FAQs

* The Inland Revenue Department (IRD) allows most expenses involved in running a business to be claimed as tax deduction. These expenses must relate directly to income earned and be used for
a commercial (not personal) purpose. They include operating expenses (e.g. rental payments) and capital expenses (e.g. depreciating equipment). This advice is general in nature and does not consider your particular circumstances. You should seek professional advice tailored to your personal situation.