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Depending on the option you select, we will arrange for the deposit to be returned to you. Should you exercise the purchase option, and upon Silver Chef’s receipt of the funds, the security bond will be refunded, usually within seven days. If you choose to return the equipment at the end of the contract, the security deposit will be refunded less any cleaning, transport to local depot, repair costs or replacement of non-returned accessories.
The upfront costs of funding include a fully refundable security deposit equal to 13 weeks of the rental amount as well as an establishment fee of $200 (plus applicable taxes) that sets up your funding facility. Your flexible funding facility allows you to add further equipment when your needs arise! The security deposit is designed to be held against your piece of equipment until you advise us that you would like to utilize one of the five options available to you.
If you need finance fast, we’re here to help! Our Approval Centre can help you with fast, over-the-phone approval. Should an urgent need arise, we can assist you and your dealer by prioritizing the process to achieve same-day delivery. Because we're not lending money, and you are just paying for the use of the equipment, we typically* don't require your last two years of financials or a completed personal assets and liability statement or other documents you might need to provide to the bank. With Silver Chef, we make it simple to get what you need, as soon as you need it.
* Subject to approval criteria
Our rental agreement term is 12 months, but you have the option to purchase the equipment at any time and 60% of the rent you have paid, comes off the purchase price.