When your car payments become too much to handle, and you can’t catch up, you may consider a voluntary surrender of your vehicle letter. This document formally notifies the lender or leasing company that you are giving up your vehicle and will no longer be making payments. Below is the sample letter that would help you to write an impressive letter for the voluntary surrender of your vehicle.
Voluntary Surrender of Vehicle Letter Sample
[Date]
[Your Name]
[Your Address]
[City, State, Zip Code]
RE: Voluntary surrender of vehicle.
I regret to inform you that I will no longer need the company vehicle. Due to a change in my job status, I will no longer be performing the field work or marketing that requires using a company car. I have enjoyed using the car, which has served me well, but I understand it is someone else’s turn to use it.
The following are the details of the vehicle I have been using:
[Registration Number]
[Make]
[Model]
I have provided all the relevant information regarding the vehicle below, and thank you for your understanding in this matter. Thank you for the opportunity to use the company car, and I look forward to continued success with our company.
Sincerely,
[Your Signature]
[Your Printed Name]
[Employee number – If any]
[Department name]