Sample letter

Terminate a hire-purchase agreement (joint names)

​Use this letter when you want to terminate a hire-purchase agreement with your creditor. You can find information about how to use this letter in our fact sheet Hire purchase and conditional sale.

Letter in sole names

You can choose to send a letter in your own name or in joint names. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.
 
  • Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.

  • Today’s date will be added automatically.

  • Download your letter to your computer for saving and printing by clicking on ‘Download pdf’ or ‘Download doc’ on the left.

  • Sign each letter and enclose a copy of your budget if needed.








16 December 2017

Dear Sir/Madam


Voluntary termination of agreement

Account No:

Car make/model/registration no:

We are writing to notify you that we are exercising our right to terminate the above agreement under Section 99 of the Consumer Credit Act 1974.

We understand that we owe you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974.

Please send us details of how the vehicle can be returned to you.

Please confirm receipt of this request by to us on .

We look forward to hearing from you.


Yours faithfully