A Cancellation Letter For Car Loan is used when a borrower wishes to terminate their vehicle finance agreement in England and Wales. This document is particularly relevant when exercising voluntary termination rights under Section 99 of the Consumer Credit Act 1974, typically after paying 50% of the total amount payable. The letter serves as formal notice to the lender, including crucial information such as loan reference numbers, vehicle details, and current payment status. It ensures compliance with legal requirements while protecting both parties' interests in the termination process.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Personal Details: Full name, address, and contact information of the borrower
2. Loan Reference: Loan agreement number and any other relevant reference numbers
3. Vehicle Details: Make, model, registration number, and VIN of the vehicle
4. Cancellation Statement: Clear statement of intention to cancel the loan agreement
5. Payment Status: Current status of payments and any outstanding balance
1. Reason for Cancellation: Explanation of cancellation reason - include if required by lender or if strengthens position
2. Settlement Request: Request for final settlement figure - include if early repayment is intended
3. Vehicle Return Details: Information about vehicle return arrangements - include if vehicle is being returned
1. Copy of Original Loan Agreement: Reference copy of the original contract
2. Payment History: Record of payments made to date
3. Vehicle Condition Report: If returning vehicle, documentation of current condition
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
30 Day Notice Of Lease Termination
A formal notice under English and Welsh law used to terminate a lease agreement with 30 days' notice.
find out more
30 Day Notice Contract Termination Letter
A formal template for providing 30 days' notice of contract termination under English and Welsh law.
find out more
Employee Termination Agreement And Release
An English law agreement that documents employment termination terms and mutual releases between employer and employee.
find out more
Termination Of Service
A formal document under English and Welsh law that terminates an employment relationship and sets out separation terms.
find out more
Home Insurance Cancellation Letter
A template for cancelling home insurance policies under English and Welsh law, ensuring regulatory compliance and proper communication of cancellation intent.
find out more
30 Day Cancellation Notice
A template for providing 30-day cancellation notice for services under English and Welsh law.
find out more
Termination Of Contract
An English and Welsh law-governed template for formally ending contractual relationships, outlining termination terms and post-contract obligations.
find out more
Termination Of Commercial Lease Agreement
An English law agreement that formally terminates a commercial lease between landlord and tenant, settling all outstanding obligations and future liabilities.
find out more
Non Renewal Insurance Letter
A formal notice template used in England and Wales to inform policyholders that their insurance policy will not be renewed.
find out more
Insurance Refund Letter
A template for insurance premium refund communications under English and Welsh law, ensuring regulatory compliance and clear customer communication.
find out more
Subscription Cancellation Letter
A template for formally cancelling subscription services under English and Welsh law, ensuring compliance with consumer protection regulations.
find out more
Loan Forgiveness Letter
A formal document under English and Welsh law that releases a borrower from their obligation to repay all or part of a loan.
find out more
Debt Cancellation Agreement
A legally binding agreement under English and Welsh law that formally cancels and releases a debt obligation between parties.
find out more
Cancellation Request Letter
A formal template for requesting contract or service cancellation under English and Welsh law.
find out more
Employee Termination Agreement
An English and Welsh law agreement documenting the terms of employment termination between employer and employee.
find out more
Client Termination Letter
A template for formally terminating client relationships under English and Welsh law, ensuring legal compliance and professional standards.
find out more
Agreement To Cancel Lease
An English law agreement that formally terminates an existing lease between landlord and tenant before its natural expiration date.
find out more
Venue Cancellation Letter
An England & Wales legal document formally terminating a venue booking agreement, detailing cancellation terms and financial implications.
find out more
Vehicle Service Contract Cancellation Letter
An England & Wales document for terminating a vehicle service contract, detailing cancellation and refund expectations.
find out more
Vacation Cancellation Letter
An England & Wales legal document formally requesting cancellation of a holiday booking under consumer protection laws.
find out more
Uniform Cancellation Letter
An England & Wales legal document for formally terminating a consumer contract within statutory guidelines.
find out more
Termination Of Management Agreement Letter
An England & Wales legal document confirming the termination of a management agreement and outlining related obligations.
find out more
Termination Letter With 30 Days Notice
A legal document in England & Wales notifying employment termination with a 30-day notice period.
find out more
Terminate Agency Agreement Letter
An England & Wales legal document formally ending an agency relationship, detailing termination terms and obligations.
find out more
Tenant At Will Termination Letter
An England & Wales legal document terminating a tenancy at will, detailing parties, property, and vacation date.
find out more
Simple Lease Termination Letter
An England & Wales legal document formally ending a lease agreement, detailing termination date and property specifics.
find out more
Renters Insurance Cancellation Letter
An England & Wales document terminating renters insurance, detailing policyholder information and cancellation specifics.
find out more
Regret Letter For Cancellation Of Purchase Order
An England & Wales legal document formally withdrawing a company's purchase order commitment due to changed circumstances.
find out more
Policy Cancel Request Letter
An England & Wales document formally requesting termination of an insurance policy before expiration or renewal.
find out more
Order Cancellation Letter To Customer
An England & Wales legal document for formally cancelling a customer's order, detailing reasons and refund procedures.
find out more
Order Cancellation Letter Due To Delay
An England & Wales legal document cancelling orders due to supplier delivery delays, ensuring compliance with consumer rights.
find out more
Official Letter Of Termination
An England & Wales document formally ending an employment contract, detailing termination terms and legal requirements.
find out more
Notice Period Termination Of Contract
An England & Wales legal document detailing formal contract termination with specified notice and obligations.
find out more
Mortgage Cancellation Letter
An England & Wales legal document confirming mortgage discharge and authorizing charge removal from the Land Registry.
find out more
Month To Month Lease Notice Of Termination
An England & Wales legal notice terminating a month-to-month residential tenancy agreement per statutory requirements.
find out more
Membership Revoked Letter
An England & Wales legal document terminating membership due to violations, detailing grounds, effective date, and appeal process.
find out more
Medical Cancellation Letter
An England & Wales document detailing the cancellation of medical services and outlining alternative arrangements.
find out more
Letter To Rescind Timeshare Contract
An England & Wales legal document terminating a timeshare contract due to breaches or misrepresentation.
find out more
Letter To Realtor To Cancel Contract
An England & Wales legal document terminating a property sale contract with a real estate agent.
find out more
Letter To Cancel Wedding Venue
An England & Wales legal notice terminating a wedding venue booking, ensuring compliance with consumer protection laws.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)