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What is the purpose of the Sales Agency Agreement linked to the PCP Contract?

April 26, 2017agency Agreement contract linked pcp purpose sales

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What is the purpose of the Sales Agency Agreement linked to the PCP Contract?

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This agreement is designed to allow you to return the car to the funder and for them to sell the vehicle on your behalf and to settle the final payment agreed at the beginning of the contract. This in effect guarantees the future value thereby removing any risk associated with the fluctuating depreciation in the value of used cars.