You can look for the equipment yourself, or we can leverage our nationwide network of dealers to assist you in finding it. Start shopping
Rather than you paying a large sum up front and straining your cash flow, we can buy the equipment on your behalf.
You can rent or lease the equipment for small, regular payments out of the revenue the equipment helps generate.
You can buy the rental equipment whenever you want to; or own the leased equipment when you make the final payment.
Our commercial kitchen equipment financing enables you to obtain equipment without the burden of a hefty upfront payment.
This allows you to preserve valuable funds for expenses such as wages, rent, stock, utilities, and unforeseen emergencies — things you usually can’t get financed.
You can apply for finance online at any hour, or at any one of dozens of equipment dealers throughout New Zealand that we partner with.
We can greenlight online applications of up to $65,000 in under 5 minutes; our approval rate is over 96%.
With Rent–Try–Buy, you can experiment with the equipment before electing whether to upgrade it, buy it, continue renting it, or return it.
In other words, we let you change the equipment as your business evolves — flexibility no other equipment finance lender, cash, or credit card can equal.
Your Rent–Try–Buy payments are 100% tax deductible.
And you can claim the interest part of your Lease-to-Keep payments plus the equipment’s depreciation.*
Hospitality equipment finance can allow you to acquire more or higher-quality equipment than you can afford to purchase outright.
This finer equipment can enhance your business’s efficiency and productivity, elevate the quality of your food and beverages, save you time, and decrease your energy or water expenditure.
We finance not only new equipment, but also ‘Certified Used’ and clearance equipment, helping you extend your budget.
The Certified Used equipment comprises mostly ex-rental appliances that have been rejuvenated and come with a three-month warranty.
Need to hold onto cash when there's more flowing out of the business than in
Are in two minds about the equipment they require, and want to experiment first
Want the flexibility to upgrade, buy, or return the equipment, as their business expands or shifts
Want to kick off their credit history and open up future possibilities
Can't get funding from traditional lenders.
Are looking to obtain new equipment without negatively impacting cash flow
Are getting rid of old appliances and want to test the suitability of the new equipment
Need to urgently replace malfunctioning equipment to minimise downtime
Are branching out or changing direction and want to try untested equipment before committing to it
Are getting bigger and need to set aside working capital to invest in other elements of the business.
SilverChef has made it possible for us to expand our business … without the huge stress of having to put all our cash into purchasing brand-new equipment.
Erana Blandford
Puku Ora
Gisborne, Hawkes Bay
[I like the fact] SilverChef is focused on kitchen equipment financing. Their finance terms, options, and flexibility are very competitive compared to other financiers.
Sang Hack Han
The Chicken Korean Fried Chicken
Christchurch, Canterbury
This was so much easier than dealing with the bank. SilverChef has been so helpful and efficient!
Amanda MacLaren
The Doughnut Box
Taupo, Waikato
As this is my first hospitality-industry experience, money was a big problem, but with SilverChef I could get all the equipment I dreamed of without any hassle. It doesn't matter how big you are in hospitality -- SilverChef is there for everyone.
Shehan Dissanayakage
Ciao Ceylon
Hamilton, Waikato
SilverChef has been a great tool for us. It has allowed our kitchen to upscale equipment to meet growing demand without having to spend time reselling what we don’t need.
Luke Houghton
Cream Eatery
Hamilton, Waikato
Thanks to SilverChef, we replaced three cooking appliances with a MerryChef and can now present much better food. We couldn't have done it without SilverChef.
Paul Seeney
Tarras Country Café
Tarras, Otago
It was an easy application process and I prefer using used equipment instead of buying new. This is not only cheaper, but also more sustainable.
Dominic van den Broek
The White Cedar Cafe
Rumeura, Auckland
SilverChef has allowed me to access the equipment I needed to scale up my business and increase my supply.
Debbie Stowe
Olive and Ash
Whangerei, Northland
SilverChef has provided a seamless financing option to help us create our new retail space.
Michael Isbey
Matakana Smokehouse
Matakana, Auckland
We’ve been a leading specialist hospitality equipment finance lender for over 35 years.
We’ve invested more than $2.3 billion in the hospitality industry.
We’ve helped more than 74,000 hospitality entrepreneurs start and grow their business.
‘It’s cheaper to buy outright.’
‘I prefer to own rather than rent.’
‘I had the cash.’
These are a few of the reasons people have historically given for paying cash up front for their hospitality equipment.
While it’s true that cash payments are interest-free, commercial kitchen equipment finance has other pluses that could have a bigger influence on your business’s success.
If you make a cash payment for
equipment, that money becomes unavailable for other essential business expenses such as wages, stock, or utilities.
Unless your business has ample cash reserves, an upfront purchase of equipment could make it more difficult for your business to meet these operating expenses.
On the flip side, restaurant equipment financing enables you to pay for it in small instalments with the money it helps you make.
This can help your business stay cash flow-positive.
When you pay cash for equipment, there are usually no U-turns allowed.
If the equipment doesn’t live up to expectations, you’ll either have to endure it or sell it (in all likelihood at a big loss) before purchasing another appliance, running down your cash reserves even further.
Rent–Try–Buy, on the other hand, enables you to upgrade the equipment whenever you want to; or, if things don’t go to plan, return it after 12 months without penalty.
Or, if the equipment ticks all your boxes, you can buy it from us at any time.
When you pay cash, the number and calibre of appliances you can buy is limited by your purchasing power — what you can afford at the moment.
In contrast, financing gives you the freedom to acquire all the equipment you need, and premium brands to boot.
This equipment can enhance your business’s efficiency and productivity, elevate the quality of your food and beverages, save you time, and decrease your energy or water expenditure.
Not to mention that the equipment will probably be
more durable and last longer.
Your weekly Rent–Try–Buy payments are considered an
operating expense, so can be fully deducted from your taxable income in the year they’re paid.
In contrast, cash payments for equipment are a capital expense, which normally can’t be deducted in the year it was incurred.
Instead, you claim a deduction for the decline in the equipment’s value each year over its effective life, which can last several years or more.
If you make a cash payment for
equipment, that money becomes unavailable for other essential business expenses such as wages, stock, or utilities.
Unless your business has ample cash reserves, an upfront purchase of equipment could make it more difficult for your business to meet these operating expenses.
On the flip side, restaurant equipment financing enables you to pay for it in small instalments with the money it helps you make.
This can help your business stay cash flow-positive.
When you pay cash for equipment, there are usually no U-turns allowed.
If the equipment doesn’t live up to expectations, you’ll either have to endure it or sell it (in all likelihood at a big loss) before purchasing another appliance, running down your cash reserves even further.
Rent–Try–Buy, on the other hand, enables you to upgrade the equipment whenever you want to; or, if things don’t go to plan, return it after 12 months without penalty.
Or, if the equipment ticks all your boxes, you can buy it from us at any time.
When you pay cash, the number and calibre of appliances you can buy is limited by your purchasing power — what you can afford at the moment.
In contrast, financing gives you the freedom to acquire all the equipment you need, and premium brands to boot.
This equipment can enhance your business’s efficiency and productivity, elevate the quality of your food and beverages, save you time, and decrease your energy or water expenditure.
Not to mention that the equipment will probably be
more durable and last longer.
Your weekly Rent–Try–Buy payments are considered an
operating expense, so can be fully deducted from your taxable income in the year they’re paid.
In contrast, cash payments for equipment are a capital expense, which normally can’t be deducted in the year it was incurred.
Instead, you claim a deduction for the decline in the equipment’s value each year over its effective life, which can last several years or more.
We finance virtually any sort of commercial kitchen equipment that could help your business turn a profit.
The equipment must have an invoice value of at least $1,000 (Rent–Try–Buy) or $10,000 (Lease-to-Keep).
Yes — we can provide finance approval before (or after) you choose the equipment you want; you’ll then know how much money you have to spend.
If you apply for Rent–Try–Buy finance of $65,000 or less, we’ll in most cases ask you for only three things:
We'll then perform an identity
verification and credit check before making a decision on your application.
If you’d like to know what’s needed for applications for Rent–Try–Buy finance of more than $65,000 or for Lease-to-Keep finance , please contact us.
You can receive approval for up to $65,000 of Rent–Try–Buy funding in less than five minutes (provided you have submitted the necessary information to us and passed our credit check).
If you require more than $65,000, we’ll respond within one business day to ask you for more information; chances are we’ll be able to give a decision on your application within three business
days.
Lease-to-Keep finance applications are usually processed within two business days, provided you have given us all the necessary information.
The amount you’re approved for is what’s called your ‘master-agreement limit’, which is the amount of credit you have available to you.
You can use some or all of it — it’s your choice.
If you use part of it, you can order extra equipment later using the leftover amount.
You’ll be glad to know your master-agreement limit does not expire, and you won’t have to re-apply for finance until you hit your limit. (We reserve the right to lower a customer’s limit at any time.)
If you order extra equipment and if it’s been 90 days or more since your last deal with us, we’ll re-run the credit check.
We own the equipment and rent or lease it to you.
Since we own it, we’ll register an interest in the equipment on the Personal Property Security Register (PPSR).
You can use the equipment as you wish, but only for business
(not personal/domestic) purposes; and provided you don’t sell, give, assign, lend or release the equipment to a third party to use without our okay.
Also, you must let us know straight away if you move the equipment from the location you originally gave us.
If you Rent–Try–Buy the equipment, you can purchase it (own it) whenever you want to. If you Lease-to-Keep the equipment, you’ll own it after making your final lease repayment.
Still searching for answers? See all our FAQs
^ If you rent the equipment for more than 12 months before buying it, we’ll reimburse 50% of your first year’s gross rental payments and 25% of all subsequent payments — to put towards the purchase price.
* This advice is general in nature and does not consider your personal circumstances. Professional advice should be sought that is tailored to your personal situation.
