I bought an oxy-acetlene set a while ago. Good price. When I took the oxygen bottle to be refilled, the gas company took it, and kept it.
I barely convinced them that I had put MY cap on it for transport, so they gave that back to me.
Anyway, talking to a different company. If the large bottle has a company logo embossed on the collar, then 99% of them are leased. Don't waste your money on them.
If the bottle has a plain collar (or perhaps customer owned), then it is likely private, and you should be fine.
You can exchange CO[sub]2[/sub]/Argon bottles with pure Argon bottles. And, I presume also helium mix bottles. It is quite possible that Oxygen tanks could also be exchanged for Argon tanks.
Talk to your local gas vendor. If I remember right, there were 3 sizes. The short ones (3' or so) are 100% customer owned. There was also a medium size (not sure of the capacity, but I think they were "nipple height") which were also typically customer owned. Then the tall ones were typically leased, but if they had a plain collar, they were ok.