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Letter Of Agency

Cash-buyer negotiating power

A Letter of Agency enables cash-buyer negotiating power or is helpful 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 (HP) agreement, including; HP Fixed, HP Plus, HP Variable and HP Equalised Payments.

Benefits of Letter of Agency:

 

  • You gain cash-buyer negotiating power
  • Confidentiality is absolute
  • You have sole contact with the dealer
  • You gain the other benefits of HP

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