The Car Finance Voluntary Termination Letter Template UK is offered in multiple formats, including PDF, Word, and Google Docs, and provides editable and printable samples for your convenience.
Car Finance Voluntary Termination Letter Template UK Editable – PrintableSample
Car Finance Voluntary Termination Letter Template UK 1. Client Information 2. Finance Provider Information 3. Vehicle Information 4. Agreement Details 5. Reason for Voluntary Termination 6. Return of Vehicle 7. Condition of the Vehicle 8. Outstanding Payments and Fees 9. Client Declaration 10. Signatures and Agreement 11. Declaration and Signatures
PDF
WORD
Examples
[Name of the Finance Company]
[Finance Company’s Address]
[City, Zip Code]
[Your Name]
[Your Address]
[City, Zip Code]
[Your Phone Number]
[Your Email Address]
[Date]
Voluntary Termination of Car Finance Agreement
I am writing to formally notify you of my intention to voluntarily terminate my car finance agreement for the vehicle detailed below:
Make: [Make of the Vehicle]
Model: [Model of the Vehicle]
Registration Number: [Registration Number]
Finance Agreement Reference: [Your Agreement Reference]
As per the Consumer Credit Act 1974, I am exercising my right to terminate this agreement early. I confirm that I have paid at least half of the total amount payable under this agreement, inclusive of the finance charges.
I am aware that I must return the vehicle to your specified location within [Number of Days, typically 14 days] from the date of this letter. Please confirm the location for the return of the vehicle.
I will ensure that the vehicle is returned in good condition, subject to fair wear and tear. I would appreciate it if you could provide me with your guidelines on acceptable vehicle conditions for termination.
Please provide me with a settlement statement confirming any outstanding amounts, including any refunds due to me after the vehicle is returned, should there be any.
I kindly ask for a written acknowledgment of this termination request and details concerning any further actions I need to take regarding the car’s return.
[Your Signature (if sending a hard copy)]
[Your Name]
[Name of the Finance Company]
[Finance Company’s Address]
[City, Zip Code]
[Your Name]
[Your Address]
[City, Zip Code]
[Your Phone Number]
[Your Email Address]
[Date]
Request for Voluntary Termination of Car Finance Agreement
I am writing this letter to initiate the voluntary termination of my car finance agreement associated with the following vehicle:
Make: [Make of the Vehicle]
Model: [Model of the Vehicle]
Registration Number: [Registration Number]
Finance Agreement Reference: [Your Agreement Reference]
As per the Consumer Rights Act, I wish to exercise my right to terminate the finance agreement early, as I have met the requirement of paying at least 50% of the total amount due.
I request an inspection of the vehicle before return, in compliance with your company’s policies on vehicle condition to aid in the return process.
Please provide me with detailed instructions regarding the return process, including the address for the vehicle return and any documentation I need to bring along.
I would like to receive a final accounting showing the balance of any funds owed and any potential overpayments to be refunded upon returning the vehicle.
I kindly request a confirmation of my request, along with instructions regarding any further requirements from my side.
[Your Signature (if sending a hard copy)]
[Your Name]
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