Financing your Project

As a premier distributor of Atlas Copco Industrial Air, BRE along with Atlas Copco’s finance partner Societe Generale Equipment Finance (SGEF)*, provide attractive finance deals to give you different options to pay for your equipment, including hire purchase and fixed-term rental options.
 
BRE’s expert team can develop a tailored proposal for you, with a finance solution included, enabling you to make a quick decision on how best to finance your new compressed air system.
 
Once you have decided which finance option will work best for you, our team will send you a formal finance 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.

How the Different Financing Options Work

Hire purchase: How it works

An agreement allowing you (the customer) to ‘hire’ the asset from SGEF (the Lessor) for an agreed term, in return for regular repayments. ‘Title’ (or ownership) is retained by SGEF until the final payment is made along with a normal ’Option to Purchase’ fee.

Fixed term rental: How it works

An agreement allowing you (the Lessee) to ‘use’ the asset for an agreed term in return for regular repayments. ‘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 customer.*

* This information is only relevant to those reporting under FRS 102 and not captured by the reporting requirements of IFRS 1.

Features of this Finance Option

  • 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 repayments 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

Features of this Finance Option

  • Lower repayments 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 and maintenance payments enabling you, the customer, to manage the costs with one rental payment

* Please refer to your Accountant or Financial Advisor for confirmation.

End of Finance Term Options

Ownership can pass to the lessee upon payment of a nominal ‘Option to Purchase’ fee and/or income stream.

End of Finance Term Options

  • Retain – agree extension rentals for another agreed term
  • Return – hand back the equipment to us

Hire purchase financing examples

GA11 VSD+

  • Price – £9,038 + VAT
  • Deposit – VAT only
  • 60 monthly payments of £190.04*

GA30 VSDs

  • Price – £25,916 + VAT
  • Deposit – VAT only
  • 60 monthly payments of £544.92*
  • *Not including maintenance

Fixed term rental financing examples

GA11 VSD+

  • Price – £9,038 + VAT
  • Service Cost per annum – £1,170
  • 1+59 profile @ £261.38 per month*

GA30 VSDs

  • Price – £25,916 + VAT
  • Service Cost per annum – £1,450
  • 1+59 profile @ £590.76 per month*
  • *including maintenance

The examples shown are based on Atlas Copco’s Extended Warranty+ package which includes full servicing including parts and labour, call outs and breakdowns over the FTR period.

*certain restrictions apply

The financing examples shown are for comparison and illustration purposes only. See T&Cs below

Terms & Conditions

*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.

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