What's the advantage of leasing commercial kitchen equipment for your restaurant over buying it?
Leasing commercial kitchen equipment for your restaurant has several advantages over buying it outright. Here are some of the main benefits:
- Lower upfront costs: Leasing equipment allows you to get the equipment you need for your restaurant without paying the total purchase price upfront. This helps you preserve your cash flow, freeing up your capital for other areas of your business...
- Predictable monthly payments: With a lease, you'll get fixed monthly payments for the lease term, making it easier to budget and plan for your expenses...
- Access to the latest equipment: When you lease, you can often upgrade to newer equipment at the end of your lease term. This means you can stay up-to-date with the latest technology and equipment without having to make a large upfront investment...
So leasing commercial kitchen equipment is the smart choice for restaurant owners who want to conserve their cash flow, stay up-to-date with the latest equipment, and enjoy the convenience of predictable monthly payments and maintenance coverage.
For these reasons, SCK recommends Cafe & Restaurants use SilverChef to buy Commercial Kitchen Equipment.
Flexible funding options: SilverChef offers a range of funding options, including rental and lease-to-own agreements, which can be tailored to the specific needs of your restaurant. This means you can get the equipment you need without making a significant upfront investment.
- Fast and easy application process: SilverChef's online application process is quick and easy, with approvals often granted within 24 hours. This means you can get the equipment you need to run your restaurant as soon as possible...
- Access to a wide range of equipment: SilverChef offers a wide range of equipment options, from refrigeration and cooking equipment to dishwashers and furniture. This means you can get everything you need in one place, making it easier to manage your restaurant's equipment needs...
- Maintenance and repair coverage: SilverChef offers maintenance and repair coverage for all equipment leased or rented through them, so you won't have to worry about unexpected repair costs...
- Tax-deductible payments: Lease and rental payments are typically tax-deductible, which can help lower your overall tax liability...
Finance the hospitality equipment you want now and hold onto the cash you need to run and grow your business.
PAYING FOR hospitality equipment upfront can be expensive and puts a lot of pressure on your cash flow — the lifeblood of your business.
SilverChef will finance the needed kitchen equipment to spread the cost and avoid tying up valuable funds needed to run and grow your business.
Choose a finance solution that Suits Your Needs.
SilverChef Rent-Try-buy ( Most Popular)
- A new or established business...
- After $1,000 or more of equipment funding...
- Looking to try the equipment before deciding whether to buy it, including items you need clarification on or think you might quickly outgrow...
- Flexible, 12-month rental agreement...
- Affordable, weekly rental payments...
- Upgrade or buy the equipment at any time...
- If you buy, get back 75% of your rental payments - to put towards the purchase price...
- Continue renting or return equipment after 12 months...
- Rental payments are 100% tax deductible.*...
SilverChef Lease-to-keep
- A business that's traded for more than 12 months...
- After at least $10,000 of equipment funding...
- Looking to own the equipment but would prefer to pay for it in smaller instalments over a longer term...
- 24-, 36-, 48-, or 60-month hire-purchase agreement...
- Low monthly payments...
- Fixed interest rate...
- Own the equipment at the end of the agreement...
- The interest component of the lease and depreciation on the equipment are tax deductible.*..
What you get when using SilverChef Finance
Better cash flow - SilverChef commercial kitchen equipment financing allows you to get the equipment you need without you having to spend a lot of money up
front. So It means you can hold onto precious cash needed to pay for things you usually can't get finance for (e.g. wages, rent, stock, utilities, unforeseen emergencies).
Quick and easy - Select the Kitchen Equipment you need from our website, then Scroll down the page & fill in SilverChef - Rent Try Buy.
Hit Apply Now Button for finance on our website 24/7. Silverchef can approve online applications of up to $65,000 within 5 minutes; their funding-approval rate is over 94%.
Unrivalled flexibility - SilverChef Rent–Try–Buy funding solution allows you to try the equipment before deciding whether to upgrade it, buy it, continue renting it, or return it.
So, In other words, SilverChef let your equipment grow and change with you — flexibility no other financier, cash, or credit card can match.
Tax effective - Your Rent–Try–Buy payments are 100% tax deductible. So you can claim the interest component of your Lease-to-Keep payments and the equipment's depreciation.*
More or better equipment - Hospitality equipment finance allows you to get more or better equipment than you can afford to purchase outright. Your superior equipment can help boost your business's efficiency and productivity, improve the quality of your food and beverages, saves you time, and reduces your energy or water use.
New or used equipment - SilverChef not only finances new equipment but also refurbished equipment, helping your budget go further. This mostly ex-rental equipment is usually less than 2 years old and comes with a three-month warranty.
So, SilverChef offers a flexible, fast, and convenient way for Restaurants to get the equipment you need to run your business. With a range of funding options, a wide selection of equipment, and maintenance and repair coverage included, SCK & SilverChef will become your valuable partners for any restaurant owner looking to equip their kitchen.