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 restaurant equipment and make weekly rental payments for a 12-month term, while retaining the option to purchase your restaurant equipment or upgrade it during the term.
At the end of the 12-month rental term, you have the additional options to return, continue renting or work towards ownership of your commercial restaurant equipment with our Easy Own® product.
To choose Lease-to-Keep, you must have been trading for a minimum 12 months, and be financing a minimum of $10,000 in restaurant equipment. You sign up for a 48-month term, make monthly lease payments, and at the end of the term you own the restaurant equipment*.
*providing the last payment has been made and you're not in breach of the agreement.