Renting or leasing your restaurant equipment can be a good alternative to buying. Firstly, there are a lot of costs involved in setting up and running a hospitality business, so choosing to rent or lease your restaurant equipment can leave you more money for running your business and other expenses.
Secondly, there may be tax benefits to renting or leasing kitchen equipment – it’s important you discuss these with a qualified tax advisor before making any decisions.
Finally, with SilverChef’s Rent-Try-Buy® you get additional flexibility over typical financing options. You can decide to upgrade your equipment in the first 12 months if you need something bigger and better (in the same equipment category e.g. upgrade rented fridge to a bigger fridge); you can also decide to purchase it and get a rebate on your payments so far (up to 12 months).
At the end of your 12-month contract, you can decide whether to keep renting your restaurant equipment, work towards ownership, or return. Please note that if you decide to continue renting your equipment after the end of your 12-month term, and then decide to buy, the net rental rebate is lower. Also, if you return your equipment, you are responsible for cleaning and shipping costs.