Sample letter

Terminate a hire-purchase agreement (sole name)

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


24 November 2020

Dear Sir/Madam

Voluntary termination of agreement

Account No:

Car make/model/registration no:

I am writing to notify you that I am exercising my right to terminate the above agreement under Section 99 of the Consumer Credit Act 1974.

I understand that I will be liable to you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974.

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

Please confirm receipt of this request by to me on .

I look forward to hearing from you.

Yours faithfully