HP Voluntary Termination Template Letter

jimmysp

Hi all.

I have got to the point where I can VT my vehicle agreement :j

Could someone kindly point me towards a template letter that I could use to let my finance company (Black Horse) know?

Thanks

jimmysp

Can anyone help?

I've tried google but cannot find anything.

motorguy

jimmysp wrote: »

Can anyone help?

I've tried google but cannot find anything.

I dont think it needs to say much, car details, finance agreement number and you're exercising your right to voluntary termination

They have to then contact you re: either picking the car up or where you should leave it.

Have you confirmed ok that you are past the 50% marker?

daveyjp

What does your HP contract say regarding termination? A phone call is usually enough, they then send you the paperwork.

fatbelly

There's one at the end of this factsheet.

Send it recorded and keep a copy.

Factsheet | Hire Purchase debt

You do not need to have actually paid the 50% to be able to terminate your agreement, although some creditors say you do. All that is necessary is for you to give notice to the creditor in writing that you are terminating the agreement.