Sample letter

Terminate a hire-purchase agreement (joint names)

​Use this letter when you want to terminate a hire-purchase agreement with your creditor.


25 November 2020

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 will be liable to 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