Financing

EconoLease offers several financing options, including Lease, Rent-Try-Buy® and business loans. Available options depend on your business and financing needs.

Rent-Try-Buy is a flexible 12-month rental agreement that allows you to change, upgrade or purchase your equipment. Leasing offers terms from 12–60 months and provides a pathway to ownership at the end of the lease, with nominal buyout options available

EconoLease offers a streamlined application process, with most lease applications receiving a decision within 24 hours.

Lease rates depend on your individual business profile. EconoLease works with multiple lenders to find financing based on each customer's circumstances. Rent-Try-Buy is a rental agreement rather than a loan and therefore does not have an interest rate, although there is a cost of borrowing.

Yes. EconoLease offers options for startups, including lease and Rent-Try-Buy solutions. Financing is subject to application and approval.

EconoLease was founded in Canada over 30 years ago and was acquired by SilverChef in 2021. The SilverChef Group is a global business with offices in Canada, New Zealand, Australia and The United States. The SilverChef Group has proudly invested more than $2.1bn in the hospitality industry globally and we're committed to supporting the success of our Canadian customers.

Big Erics has partnered with Affirm to offer qualified customers the option to pay for eligible purchases over time. Customers apply directly with Affirm and, if approved, can complete their purchase using the payment options offered to them.

If approved, Affirm offers fixed payments with rates ranging from 0%–31.99% APR, or 22% plus the Bank of Canada variable rate for Quebec residents only. The specific options available to you will be provided by Affirm.

No. Checking your eligibility with Affirm will not affect your credit score.

You must complete the Affirm application yourself using your own personal device. For your privacy and security, Big Erics employees cannot complete or assist with the application on your behalf.

No. Approval is subject to Affirm's identity and eligibility checks, and not all customers will qualify. Available payment options can also depend on the purchase amount and may not be available in all provinces.

Affirm typically provides an eligibility decision within seconds after you complete the application. In some cases, additional verification may be required, which can take longer.