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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