Allows “cash buyer” negotiating power or where you do not want to reveal to your supplier that you use an external source of finance. The amount borrowed is then usually paid back over a pre-agreed period in the form of a Hire Purchase agreement.
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Home Finance Options letter-of-agency

letter of agency

Allows “cash buyer” negotiating power or where you do not want to reveal to your supplier that you use an external source of finance. The amount borrowed is then usually paid back over a pre-agreed period in the form of a Hire Purchase agreement.

Letter of Agency

This allows you to negotiate your own purchase as a “cash buyer” but without committing your capital over a long term. After the transaction we reimburse you with a pre-agreed sum against the receipted invoice to release your capital. The amount that you owe us is then usually paid back over a pre-agreed period in the form of a Hire Purchase agreement.

Benefits:

  • You gain “cash buyer” negotiating power
  • You have sole contact with the dealer
  • Confidentiality is absolute
  • Other benefits as per Hire Purchase