Realise the benefits of onsite Oxygen Generation with our Finance Options
Are you thinking about switching from your existing oxygen gas supplier to onsite gas generation?
Now it’s possible to make the move without purchasing an oxygen generator outright. Atlas Copco, along with our finance partner Societe Generale Equipment Finance (SGEF)*, provides attractive finance deals to give you different options to pay for your equipment, including hire purchase and fixed-term rental options. We can make a proposal very quickly for you to compare with your current costs for having oxygen delivered to your site.
Once you have decided which finance option works best for you, our sales team will send you a quotation within one day. After you accept the quotation and your credit information has been received, it generally takes only two days to get approval from SGEF**, after which the documents will be sent to you for signature and the chosen finance option will commence.
Hire purchase: How it works
An agreement allowing you (the Lessee) to ‘hire’ the asset from SGEF (the Lessor) for an agreed term, in return for regular rental payments. ‘Title’ (or ownership) is retained by SGEF until the final payment is made along with a normal ’Option to Purchase’ fee.
FEATURES
■Ownership at the end of the agreement subject to a nominal ‘Option to Purchase’ fee
■As the full VAT amount is due on commencement of the agreement the rental payments are not subject to VAT
■ ‘On balance sheet’ financing agreement
■ Capital Allowances can be claimed
■ Payment structure agreed at the outset for easy budgeting
■ Repayments can be matched to cash-flow and/or income stream
END OF TERM OPTIONS FOR THE LESSEE
■ Ownership can pass to the lessee upon payment of a nominal ‘Option to Purchase’ fee and/or income stream.
Fixed term rental: How it works
An agreement allowing you (the Lessee) to ‘use’ the asset for an agreed term in return for regular rental payments. ‘Title’ (or ownership) is retained by Societe Generale Equipment Finance (the Lessor)
Operating Leases may be ‘off balance sheet’ for some customers dependent on the accounting standards adopted by the Lessee.*
* This information is only relevant to those reporting under FRS 102 and not captured by the reporting requirements of IFRS 16.
FEATURES
■ Lower rentals than a Finance Lease as they are based on the asset cost over the lease term and assume a ‘Residual Value’ of the asset
■ Rental and return conditions are known at the outset
■ Removes disposal process
■ Removes risk of asset depreciation
■ Low capital outlay
■ ‘Off balance sheet’ financing as rentals may be treated as an OPEX rather than CAPEX
■ Depending upon the asset type and term, you customer may be able to offset the rental payments against your taxable profit*
■ VAT is payable on the rentals, not on the purchase price of the equipment
■ Repayments can be matched to cash-flow and/or income stream
■ We are also able to collect and distribute services and/or repair & maintenance payments enabling you customer to manage the costs with one rental payment
* Please refer to your Account of Financial Advisor for confirmation.
END OF TERM OPTIONS FOR THE LESSEE
■ Retain – agree extension rentals for another agreed term
■ Return – hand back the equipment to us
Profile (monthly payments) 0+60
Deposit VAT only
Monthly payment £600.17 0+60 payments (service collected separately)
Monthly service cost £631
Total £1,231.17
Profile (monthly payments) 0+60
Deposit VAT only
Monthly payment £600.17 0+60 payments (service collected separately)
Monthly service cost £631
Total £1,231.17
Profile (monthly payments) 1+59
Monthly payment £1,153.25 + VAT
(incl. S&M) 1 +59 payments
Profile (monthly payments) 1+59
Monthly payment £1,153.25 + VAT
(incl. S&M) 1 +59 payments
*certain restrictions apply
*certain restrictions apply
What are the advantages of generating your own oxygen gas compared to bulk supply?
• No transport or associated costs
Producing oxygen on-site removes the transport cost and risk of having third-party suppliers deliver oxygen. You will be charged a rental fee each month for the equipment that you have on-site, a charge for the tanker or lorry to deliver, a charge for the gas delivered, as well as an environmental charge which can often add up to 40% of the cost per unit of oxygen.
• Reliability of supply
• Environmentally friendly
Fewer trucks on the road are clearly better for the environment, as well as your costs.
With an Atlas Copco oxygen generator, you will have the most energy-efficient solution on the market, up to 45% more efficient than other sources, reducing your costs and reducing carbon emissions.
• You are in control
An oxygen generator will only produce what you need, when you need it, and at the exact purity required by your own application.
* : Finance is provided by Societe Generale Equipment Finance (SGEF) which is authorised and regulated by the Financial Conduct Authority.
** : Finance is available for limited companies only. All finance quotations are subject to credit underwriting and formal approval by SGEF. Over 18s only. Terms and conditions apply. Please see full T&C in the link below.
T&Cs
VAT is due in full on Hire Purchase agreements at commencement and, in the case of Lease agreements, on each payment as they fall due. On a Hire Purchase agreement, an administration fee of £195.00 is taken at the start of the agreement. Please note, on lease agreements, the administration fee will incur VAT. An Option to Purchase fee of £60.00 (Inc. VAT, if applicable) will be taken with the final payment on Hire Purchase agreements. The quotation above is indicative and is subject to formal approval by SGEF of the credit risk, pricing, structure and documentation. The rentals/present value/interest rate quoted is/are subject to any changes in cost of funds or margin requirements and is/are therefore floating until drawdown. Any commission payable will be subject to SGEF’s approval and should comply with SGEF’s commission payment policy. The above does not form any offer of finance and is only applicable if the finance is being solely used for business purposes.
For limited companies only. Finance is subject to credit approval. Over 18s only. Terms and conditions apply. Societe Generale Equipment Finance Limited is authorised and regulated by the Financial Conduct Authority.
