How do I write a voluntary repossession letter?

Answer

There are times when someone is no longer able to keep a vehicle. If he or she wishes to turn the vehicle in, before someone comes to repossess it, they may write a voluntary repossession letter. The letter needs to include the date that the vehicle will be taken back, the make, model, and VIN number should be included. It can include where you and the party taking possession of the vehicle can meet to make the transaction.
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Q&A Related to "How do I write a voluntary repossession letter..."
1. Start the letter by identifying yourself and the property. The lender will need to identify your loan, so include an account number. Give them your name, address and contact information
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Simply state in the letter that you wish to surrender the vehicle, list the loan number, the VIN, or any other way to identify the vehicle and the account with the lender. Notify
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Need to know how to write a business letter? The ability to write a clear and persuasive business letter will benefit you more than you can imagine. Whether you are a business owner
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You voluntarily give the car to the lender which saves you the cost of a repo
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1 Additional Answer
Ask.com Answer for: how to write a voluntary repossession letter
How to Write a Letter of Voluntary Repossession
A voluntary repossession is when you finance a purchase, stop making payments on it and then give the purchased item back to the lender before they repossess it forcefully. If you know you won't be able to make the payments on a secured loan, then... More »
Difficulty: Moderately Easy
Source: www.ehow.com
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