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Voluntary Repossession Letter (Free Sample)
​Use this sample voluntary repossession letter as a template for your formal voluntary repossession letter.
Last updated on September 19th, 2021


​Sample Voluntary Repossession Letter
Borrower’s Name 
Borrower’s Address 
City, State, Zip Code

DATE

Lender’s Name
Lending Institution’s Name
Lender’s Address
City, State, Zip Code

RE: Voluntary repossession of car loan Number

Dear Name of Lending Officer, or To Whom It May Concern:

This letter is to formally inform you that I would like to voluntarily give up the [Year and Model of Car and VIN]. My financial situation has changed, and I am no longer able to make the monthly payments. I understand that I must bring the vehicle to you, and that you will sell it at auction. I will be responsible for the difference between what you get for the car subtracted from the balance of my loan.

I will drop off the car according to your instructions and give you the keys and registration papers.

I have understood that, with your permission, I could sell the car myself and pay off the loan. If this is agreeable to you, kindly inform me in writing, so I may sell the car privately.

I can be reached at [555-123-4567] or at [[email protected]] if you have any questions or would like to give me further instructions.

Thank you for your attention to this matter.

Sincerely,

Signature of Borrower
Printed Name of Borrower

​​By Andre Bradley

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