voluntary termination car loan

[paddyc]

hi
i am new to this forum, and wondering if someone could help me
i have paid 65% of my car loan to moto nova never missed a payment and was quite happy with the agreement
until recently when my husband became a paraplegic.
so we were given a mobility car
so i have now got my other car sitting on my driveway
im not 100% sure about voluntary termination
can anyone help
thanks
emma

[ostell]

User R0b has a guide to VT, located here. Best read it. It also has a link to a suggested letter to the loan company to terminate. It is suggested you do NOT fill out the form the company may send you as it can remove some of your legal safeguards. The agreement is terminated when they get your letter. Take photos of its condition inside and out just before it is collected.

[paddyc]

hi
can i still get a VT as my car was purchased on a Fixed Sum Loan Agreement
thanks
emma

[paddyc]

hi
just received reply back from motonova

arranging an assessment in the wording it says
"you will be asked to sign crystal collection limited report at the point of inspection
giving your agreement to the inspection comments before proceeding"

just a bit nervous as it sounds very legal
thank you