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.

You may have heard your dealer mention that Silver Chef offers five flexible options. They are:

  1. Purchase at any time during the 12 month period and your payout is simply the original purchase price less 60% of the rent paid.
  2. Upgrade at any time to equipment better suited for your business.
  3. Return the equipment after the 12 month period if you no longer need it.
  4. Continue to Rent at the end of 12 months with no obligation and continue to enjoy 100% tax deductible rental payments
  5. Easy Own at 12 months you can reduce your rental payments by 30% over 36 months and choose ownership at the end of the term for just $1!