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Sample Letter

Terminate a hire-purchase agreement (sole name)

​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 debt.

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

Letter in joint 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.

Change to joint version
You need to include the organisation name.
Name of the organisation you are writing toInclude the name of the person or creditor you are writing to.
You need to include their address.
Their address line 1Make sure you include the full address for the person or organisation. Don't forget the post code.
Their address line 2
Their address line 3
You need to include their postcode.
Their postcodeDon't forget their postcode.
You need to include your address.
Your address line 1Make sure you include your full address.
Your address line 2
Your address line 3
You need to include your postcode.
Your postcodeDon't forget your postcode.

14th June 2024

Dear Sir/Madam
Voluntary termination of agreement
Account No:
This field is required.
Your account or reference number
Car make/model/registration no:
This field is required.
Enter the car make/model/registration number here.
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 owe 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
This field is required.
Fax, email or letter
to me on
This field is required.
Insert your fax number, email address or postal address.
I look forward to hearing from you.
Yours faithfully
You need to include your name(s).
Include your full name