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:
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
You can apply by a variety of methods for funding with Silver Chef. There is always an option that works for you! You may apply by:
Call the Approvals Hotline on 1-866-311-3805 to receive instant over-the-phone approval.
Apply online now by completing the short application form.
Contact your dealership and complete the form with your Silver Chef Accredited Equipment Dealer.
With Silver Chef, you can! You can purchase anytime you like. In the first 12 months we will deduct 60% off the rent you’ve paid.
As we offer a generous rental rebate where the purchase price simply gets lower and lower, call Silver Chef at 1-866-311-3805 and our friendly team will provide you with your payout figure! From here, once we have received payment, you will receive a letter advising that the ownership of the asset has been transferred to you and the equipment is yours.
Each new piece of equipment comes with a manufacturer’s warranty, which is passed on to you from your dealer. Once the warranty has expired, similar to any other finance package, you are responsible for maintenance and repair costs.
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.
The rental agreement begins on the day of your equipment delivery. Your first payment will then be automatically deducted from your bank account within seven days.