EconoLease and Malhotra Trading Ltd. Surrey
EconoLease is proud to partner with Malhotra Trading Surrey to help hospitality businesses across Canada access the equipment they need. Whether you’re opening a café, upgrading your kitchen, or expanding operations, our flexible financing options are tailored to suit businesses at every stage of the hospitality journey.
Equipment financing made for hospitality
With over 30 years of experience, EconoLease is your trusted partner for fast and easy financing solutions. Whether you need to finance new equipment, fund repairs or fitouts, access cash, or refinance debt, we provide quality service and tailored funding options from a wide range of lenders to ensure your business runs smoothly.
How Rent-Try-Buy works
EconoLease’s Rent-Try-Buy is a flexible, 12 month rental agreement that allows you to get the hospitality equipment you need, with the flexibility to change, upgrade or buy your equipment at any time. All while keeping your cash flow healthy, with low weekly payments that are 100% tax deductible.
With Rent-Try-Buy, you can:
Change, upgrade or own at any time
Try the equipment before deciding whether to buy it! You have the flexibility to pivot operations by being able to change the equipment completely. Or you can upgrade your equipment if you want to keep it in warranty, or if you outgrow your current model.
Maintain your cash flow
Avoid large upfront costs. Keep your capital free for day-to-day operations and growth.
Have 100% tax deductible payments
When you rent your hospitality equipment, you can treat the rental payments as an operating expense, which can be claimed as a tax deduction!
Make the most of your approval
Your initial EconoLease finance limit remains valid for 90 days, so you can add more equipment if needed.
Enjoy flexible options after 12 months
Continue renting (at a discounted rate), upgrade, buy, or simply return the equipment. If you buy, we give you back 60% of your net rental payments made in the first 12 months to put toward the purchase price.
Apply Now
Ready to get started? Talk to the team at Malhotra Trading Limited or click below to apply directly with EconoLease.
About EconoLease
EconoLease provides flexible financing for Canada’s hospitality industry. From independent cafés to full-service restaurants, we help businesses access the equipment and financing they need to achieve their dreams. Our Rent-Try-Buy, Lease, and Loan finance options give business owners the freedom to grow, adapt, and succeed with confidence.
Frequently Asked Questions
Q: Can I apply if I am a start-up business?
A: Yes, EconoLease has supported countless businesses, from day one of their hospitality journey.
Q:What if I don’t have strong credit?
A: EconoLease offers financing options to support a wide range of credit profiles. Their customer support team will contact you once your application is received and discuss which tailored financing solution would be best suited for you.
Q: How do I know if I am approved?
A: Your dedicated Econolease Account Manager will contact you with your approval options within 24 hours.
Q: What are the benefits of leasing or renting restaurant equipment with EconoLease, and how do they differ?
A: Leasing or renting your equipment is a smart alternative to buying, especially when managing the many costs of running a hospitality business.
Rent-Try-Buy®:
- A 12-month rental agreement that gives you the freedom to change, upgrade, or purchase your equipment at any time.
- Low weekly payments that are 100% tax deductible, helping to keep your cash flow healthy.
- At the end of the term, you can return the equipment, continue renting, or work toward ownership with Easy Own®.
Leasing:
- Ideal for standard and non-standard equipment (like vehicles, signage, or technology).
- 12 to 60 month terms available.
- Own the equipment at the end of the lease, with nominal buyout options available.
Both options are designed to help you preserve capital and adapt as your business evolves.
Q: What is the interest rate?
A: For EconoLease’s lease product, they work with a variety of lenders to secure the best rates in market based on your profile. Rent-Try-Buy is a rental contract and as a result, does not have an interest rate. There is a cost of borrowing, however Rent-Try-Buy is an off balance sheet loan, meaning that it acts as an operating cost and doesn’t impact your ability to borrow more funds.
Q: How long does it take to get approved for finance?
A: Applications take as little as 5 minutes, and most customers are approved within 24 hours.