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About SilverChef
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About SilverChef
Get approval for $10,000 or more within two business days. No obligation to use approved finance.
Spread equipment cost over 4 or 5 years
Interest rate fixed for entire term
Own the equipment at end of lease
COMMERCIAL kitchen equipment can be pricey and, for many hospitality businesses, unaffordable.
Even if you have the ability to purchase the equipment outright, the expense could cause a cash-flow crunch in your business.
Lease-to-Keep makes equipment more accessible and lowers your financial risk by letting you to pay for the equipment in smaller amounts over several years.
You select the equipment you want and, after approving your finance application, we buy it for you.
You lease the commercial kitchen equipment from us for low, monthly payments over four or five years.
At the end of the lease, you own the equipment.
Our Lease-to-Keep interest rate depends on your business circumstances, including how much you borrow, how long you’ve been trading, and your business’s creditworthiness. Your circumstances will also influence the equipment-value amounts and term lengths you qualify for. For more information, please call us on 0800 453 010.
Instead of paying for the equipment outright, you can pay for it in low, monthly 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.
The interest rate is fixed for the life of the agreement, so you won’t have to fret about the effect of any cash-rate increases by the Reserve Bank of New Zealand.
Since you pay the same amount each month, your budgeting and cash-flow projections will also be simpler.
You can get high-grade equipment that would otherwise be beyond your means, enhancing your business’s efficiency and productivity.
It means that, rather than you settling for the next-best equipment, you can get the appliances you want.
The interest segment of your commercial kitchen equipment lease payments is a tax-deductible expense.
In addition, you claim a deduction for the equipment’s depreciation over its effective life.
If you have the money, you can pay off the equipment early.
We’ll reduce the interest owing on your remaining payments (though you’ll be charged a small early-termination fee).
If you lease equipment from SilverChef and sell your business, you can request that we assign, or transfer, the lease agreement to the new owner (subject to their approval and our standard credit-assessment criteria).
Terms and conditions apply. Customers should seek taxation, legal or other professional advice independent to their personal circumstances before applying.
Our customers are the heart of our business
*Actual customers, told in advance they might be included in advertising.
Frequently asked questions
The interest rate for Lease-to-Keep depends on the customer’s business circumstances.
It can vary depending on factors such as the amounted borrowed, how long the customer’s business has been trading, whether it has ample cash to service the lease, and its creditworthiness.
To confirm what rate you’d be charged, please call us on 0800 453 010.
Yes — a director’s guarantee is compulsory for all Lease-to-Keep agreements (regardless of the cost of the lease equipment).
For more information, please contact us.
Other than the interest levied on the financed amount, there are only two fees customer incur:
Once we confirm the equipment has been delivered to your business premises, your restaurant equipment leasing payments will begin.
We recommend you order your equipment shortly before your venue is ready to start trading and to postpone your order if you anticipate any delays related to, for example, a full store fit-out or refurbishment.
(Depending on your location, equipment in stock takes 1–8 business days to be delivered. Out-of-stock equipment needs to be ordered sooner, due to the longer lead times; your equipment dealer will be able to advise you.)
If you have yet to start trading but are being charged lease payments, please contact us as soon as possible.
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 it 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.
No — Lease-to-Keep doesn’t give you the option to upgrade equipment during the finance term.
If you’d prefer a more flexible agreement that allows upgrades at any time, Rent–Try–Buy may be the answer you’re looking for.
If you’d rather not to get locked into a lengthy lease or you’re in two minds about which hospitality equipment you need, Rent–Try–Buy may be the solution you’re looking for.
It’s a 12-month rental agreement that lets you to try out the equipment before deciding whether to purchase it.
