Letter of Termination for Vehicle Lease

Letter of Termination for Vehicle Lease

[Here briefly describe on Sample Letter of Termination for Vehicle Lease. It is to inform the termination of the lease agreement done between an individual and the dealer or the company head. The termination of the lease may have many reasons. Maybe the agreement period is completed, or the customer was not satisfied with the vehicle’s performance or the customer found a better option in leasing another vehicle. You need to modify this sample according to your needs.]

From,

Sender/Your Name…

Home/OfficeAddress…

Date: DD/MM/YY (Date on Which Letter is Written)

To,

Receiver name…

Job Designation…

Motor Vehicles Company Name…

Subject: Termination of Vehicle Lease.

Dear (Name),

I am (Your name) working as a (Job Designation) in (Company name) which is located at (Office address). According to my company rules, I should get a (Car/Transport Name) while joining. (Describe in your words). Due to my financial status (Or any other cause), I cannot afford a (Car/Transport Name) hence I took a (Car/Transport Name) for a lease from your finance company on (date) for one year. (Describe actual cause and situation regarding termination).

Now I am writing this letter to remind you about the period of the agreement and to inform you that I am going to terminate the agreement for the vehicle lease. (Describe all about the situation about agreement). The reason for this is that now I am in a good position to buy a (Car/Transport Name) on my own and also, as the lease period is over, I want to return your (Car/Transport Name). (Show your cause). There are no other reasons for the termination of the agreement, as I can buy a new one I think it is better if I return your vehicle.

I will return the vehicle on (date) of this month along with all the papers you had given me at the time of the agreement. (Cordially describe your greetings and Requirements). I thought it would be better if I inform you about these two-three days in advance, so I am writing this letter.

Thanking You,

Yours Sincerely,

Your name…

Contact Info. and Signature…

 

Another Format, [Email Format]

To: Receiver mail address, name.ghj@email.com

From: Sender mail address, name.mnb@email.com

SUB: Vehicle Lease Termination Letter.

Dear Mr./Ms/Mrs. (Name of the recipient),

I am (mention your name) working as a (mention your designation ) in (mention your company name). The reason I am writing this letter is to inform you that I am going to terminate the agreement between your finance company (mention the company name) and me that was made on (mention the date and year) for the vehicle (mention the vehicle name and its details). (Describe in your words).

The reason for the termination of the agreement is (mention the reason). Hence, I would like to terminate the lease agreement. There are no other reasons for this action. (Describe actual cause and situation regarding termination). I thought it would be better if I write a letter for one or two weeks in advance.

I would like to return your vehicle on (mention the return date) along with all the documents that were given to me. (Show your cause). If you have any doubts or queries regarding this issue you can mail me at (give your mail id) or contact me at (give your mobile number). (Cordially describe your greetings and Requirements). Thank You for your co-operation throughout the agreement period and thank you for spending your time to read this.

With Regards,

(Name of the Sender).