Finance

CADConnect has partnered with Reality Finance to offer you a range of options when making your purchase.

Finance lease

A finance lease is a flexible, tax efficient way for your business to acquire the assets it needs without using up cash reserves. You may also realize some value at the end of the term. With a finance lease, the asset finance lender retains ownership of the assets purchased, but you can sell them on their behalf at the end of the term and keep most of the proceeds.

You also get a choice of fixed or base-linked rate funding, as well as a payment structure that can be matched to your cash-flow pattern to ease budgeting. The funding is on a balance sheet and the finance lease is suitable for businesses of all sizes and with all types of assets.

Operating lease

An operating lease lets you benefit from an asset whilst the asset finance lender takes the risk of it losing its value or becoming obsolete. You get the full use of the asset as long as you need it.

If you need a new piece of equipment or plant to fulfill a particular job or order, an operating lease could give you just the finance you need. Improve your cash flow immediately and streamline your finances by matching rental payments to your income.

You use the asset for as long as you need it. Then, at the end of the term, the finance provider keeps the asset or you can extend the agreement if you need to. An operating lease can have significant tax and financial advantages compared to alternatives such as hire purchase or a business loan.

Software lease

Unlike the majority of finance companies, Reality Finance makes no distinction between the leasing of software and related hardware. We are able to finance software licenses and, if required, services up to 100% of the total invoice value on any single transaction.

We respect that software is licensed product and ownership is always vested in the author. Our documentation includes sub-licensing agreements which do not infringe on product patents, intellectual property or copyrights. This enables us to claim 'Writing Down Allowances' and therefore to offer system users tax-based lease agreements on software acquisitions. Suppliers and customers alike can enter into any transaction on agreeable terms and with complete peace of mind.

Hire purchase

Hire purchase enables you to eventually secure ownership of the new asset. The cost can be spread over its useful life and paid for from revenue. Payment patterns can be tailored to suit individual needs, generally involving a deposit, followed by a series of monthly or quarterly installments.

Hire purchase is suitable for individuals and businesses of all sizes. Funding is on balance sheet and you have a choice of fixed or variable interest rate agreements.

Sale and leaseback

By leasing your IT equipment, you can reduce upfront expenses, make low monthly payments, budget more effectively and avoid product obsolescence. But how can you take advantage of the benefits of leasing if you've already purchased your equipment?

The answer is sale and leaseback. A sale and leaseback lets you turn your fixed assets into liquid ones, making cash available for other investments or upgrades. It also offers highly competitive rates, and at the same time it eliminates the risks of ownership such as equipment obsolescence and disposal.

With sale and leaseback you actually sell your equipment -- and transfer your title of ownership -- to Reality Finance for the fair market value of the assets. Then you lease the equipment back at regular, low monthly payments over a flexible payment period. The cash or credit you receive can be used to acquire upgrades or new equipment, can be applied to your monthly payments or used as you see fit. At the end of the lease term, you can choose to extend the lease, or simply transfer possession of the equipment to Reality Finance so you can replace it with the latest IT solutions.

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