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Financing partner
Flexible leasing and rent-try-buy with Econolease
A hospitality finance specialist with lease, loan and 12-month rental options, so you can match the plan to where your business is today.
- Rent-Try-Buy, 12 months
- Low weekly payments
- Account manager included
Best fit
Who Econolease is best for
Econolease suits operators who value flexibility and may change equipment as the menu or business grows.
Operators unsure what they need
Rent for 12 months, then change, upgrade or buy as you learn what the kitchen really needs.
Newer businesses
Rent-Try-Buy is advertised as needing no trading history, which can help when you are just starting.
Owners who want a person to guide them
Once pre-approved, a dedicated account manager walks you through the options.
Not the right fit? If you want a fixed-term lease with a $10 buyout, see Allion. For one purchase at checkout, see Affirm.
The process
How Econolease works
Apply once and an account manager takes it from there.
1
Apply online
A short application goes to Econolease for approval.
2
Get pre-approved
Your account manager reviews the financing options available to you.
3
Choose your equipment
Finalize the equipment with Phoenix.
4
Econolease handles the rest
Econolease completes the paperwork so the equipment can ship.
At a glance
The details that matter
Products
Rent-Try-Buy, lease, loan
Rent-Try-Buy
12-month rental with low weekly payments and the option to change or upgrade
Lease
Terms from 12 to 60 months, equipment from $1,000 (confirm with Econolease)
Approval
Econolease advertises approval in about 5 minutes
Taxes
Econolease states rental payments are 100% tax deductible; check with your accountant
Rates and amounts
Quoted by Econolease after you apply
Apply
Apply with Econolease
Use our Phoenix application link so your request is tied to your quote. The whole process is completed online.
Apply with EconoleaseQuestions for Econolease: 1 888 473 9309 (English and French)
Have this ready
- Business name and contact details
- Province and business type
- The equipment you plan to finance
Questions
Common questions
What is Rent-Try-Buy?
A 12-month rental agreement with low weekly payments. You can change or upgrade equipment during the agreement as your business grows.
Can I finance used equipment?
Econolease also sells certified used and third-party used equipment that can be financed. Phoenix equipment is quoted separately by us.
Is there a calculator?
Yes. The Econolease finance calculator is on this page so you can estimate payments before you apply.
Are all offers guaranteed?
No. All offers are subject to approval, and Econolease's terms and conditions apply.
More ways to pay
Compare other financing options
Allion Financial
Lease-to-own with a $10 buyout.
View Allion →Affirm
Pay over time at checkout.
View Affirm →Financing is provided by independent third parties and all offers are subject to approval. Rates, terms and amounts are set by the lender and can change. Phoenix Food Equipment does not provide credit and this is not tax or financial advice.