$0 Equipment Upgrade

Got a piece of SilverChef rental equipment you want to upgrade — to replace with something bigger or better or entirely different?

Until the end of March, if you upgrade your rental equipment, we’ll absorb all the transport, cleaning and servicing costs that normally apply. 

That’s right, the incidental costs of your equipment upgrade will be $0 — saving you hundreds of dollars!

How to apply for finance

Something bigger or better, or something completely different!


You can upgrade your rental equipment to the same or a different type of equipment — as long as it’s standard hospitality equipment with a value equal to or higher than the original equipment. 

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How much will I save?

Normally, customers who decide to upgrade their rental equipment are responsible for transporting the original equipment back to us and the cost for us to clean and service the equipment so it can be certified and remarketed.   

From January 1 to March 31, we’ll pay the equipment transport costs and waive the cleaning and servicing costs, saving customers hundreds of dollars (see indicative savings below).


Transport


$0
$150-$450


Cost varies according to the cubic weight of the equipment and the distance it has to be transported.


Cleaning and servicing


$0
$150-$800


Cost varies according to the type of equipment and its condition (Good vs Poor).


How upgrades work

1. Return original equipment

At any time you can return the rental equipment you want to upgrade; for a limited time, we’ll cover the associated transport, cleaning and servicing costs.

2. Sign new rental agreement

We’ll ask you to sign a new 12-month Rent–Try–Buy agreement covering the upgraded equipment.

3. Use upgraded equipment

Your new agreement will give you all the options you were entitled to under the original agreement (e.g. you can buy the equipment at any time).

Frequently asked questions

Am I eligible for the $0 equipment upgrade?

Basically, to be eligible for this promotion you must:

  • be within 150km of Auckland or Christchurch
  • tell us you’d like to upgrade your existing rental equipment, and submit a quote for new equipment
  • confirm that we’d be happy to fund the upgrade you have in mind 
  • not be behind in your rental payments
  • Return the original piece of equipment to us in clean working order
  • sign a new Rent–Try–Buy agreement for the upgraded equipment by March 31.

What can I upgrade my rental equipment to?

You can upgrade your rental equipment to the same or a different type of equipment — as long as it’s standard hospitality equipment with a value equal to or higher than the original equipment. 

For example, you can upgrade a $3,000 upright freezer to a $5,000 one, or a $2,500 ice maker to a $10,000 combi oven.

We don’t fund upgrades to some types of equipment, most notably seasonal equipment (e.g. slushie machines and soft-serve ice-cream machines) and restaurant and café furniture.

To confirm whether we’d be happy to fund the upgrade you have in mind, please contact us.


If I decide to upgrade my equipment, do I need to tell SilverChef?

Yes — call us on 0800 453 010. We’ll help you navigate the equipment-upgrade process as quickly and easily as possible.

As part of that process, we’ll refer you to an equipment dealer in your area that has the equipment you’re after.


Who will organise the transportation of the original equipment back to SilverChef?

Once you’ve informed us of your intention to upgrade your equipment, we’ll be happy to arrange for it to be collected from your business — other than disconnecting the original appliance and preparing it for transport, you won’t have to worry about a thing!


When will my upgraded equipment be delivered to my business?

The equipment dealer will deliver the upgraded equipment to your business after you’ve:

  • signed the Rent–Try–Buy agreement for the upgraded equipment 
  • paid the upfront costs (one week’s rent in advance and a refundable security bond equivalent to six weeks’ rent).

When will my rental payments for my original equipment end; and when will my rental payments for my upgraded equipment begin?

Your rental payments for the original equipment will end when:

  • you’ve signed the Rent–Try–Buy agreement for the upgraded equipment and paid the relevant upfront costs, and
  • the original equipment has been received at one of our warehouses. 

Your rental payments for the upgraded equipment will begin when we’ve confirmed the equipment has been delivered to your business.


I’m renting ‘Certified Used’ equipment from SilverChef — is it eligible for the $0 upgrade?

Yes — regardless of whether your rental equipment was new or second hand (Certified Used) when you started renting it from us, and assuming it’s still in working order, it’s eligible for the $0 upgrade (as is any runout, demo or scratch-and-dent equipment you’re renting from us).


What if the equipment I want to upgrade is in poor condition or faulty?

As per our terms and conditions, rental equipment that is in poor condition or defective does not qualify for the $0 upgrade offer.

If you’d like to confirm your rental equipment’s eligibility for the $0 upgrade, please contact us.


If I upgrade my rental equipment, what happens to my security bond?

If you upgrade your rental equipment, we’ll send you a ‘return statement’ showing the balance of your account — your security bond minus any costs that apply (e.g. any unpaid rent).

Assuming your bond more than covers these costs, we’ll refund the balance owed to you within 2–4 weeks. 

We’ll ask you to pay a new, refundable security bond (equivalent to six weeks’ rent) for the upgraded equipment.


If I upgrade my rental equipment, what happens to the rental rebate?

With Rent–Try–Buy, if you decide to buy the rental equipment you get back 75% of the net rent you paid in the first year and 25% of any net rent you paid thereafter — to put towards the purchase price.

If you upgrade the equipment, the notional rebate you accrued while renting the original piece of equipment will be cancelled out. In other words, it will not roll over to the new agreement for the upgraded equipment.


Have questions or would like to talk to us?

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