You should send the letter by recorded delivery and keep a copy of the letter, as well as proof of postage.Make sure you check your contract first and contact your lender if you have any questions.
They will then give you details of how to return the car - they may ask you to deliver it or it might be picked up from your home. A voluntary termination may appear on your credit file, but it is unlikely to affect your credit score or your ability to get finance in the future, according to Confused.Com.if you are struggling, especially if you depend on your car for work, mobility or caring responsibilities., previously told The Sun that your rights will vary when struggling with car finance payments, depending on the type of loan you have.
When you buy a car through a hire purchase, it belongs to the lender until you have made all the agreed payments."You should contact your lender as soon as possible to let them know you’re having difficulty paying, as you may be able to arrange a payment holiday, or negotiate a more affordable payment plan.”credit cardIf a dealer lets you buy with a credit card, you could claim against the lender if the car turns out to be faulty.