Common use of Voluntary Surrender Clause in Contracts

Voluntary Surrender. Clients that wish to voluntarily surrender their vehicle need to pay for an inspection of that vehicle ($54.50 fee). The inspection will then go to the Wheels to Work vehicle repair committee. Based on how the vehicle was maintained, the committee will decide if they would like to keep the vehicle in the program to be re-awarded to another client. If it is able to be re-awarded, the client will have no additional expense to voluntarily surrender the vehicle (besides inspection mentioned). If the returned vehicle has not been properly maintained, the client has two options: keep the vehicle and continue their payments as stated in their contract; surrender the vehicle, at which point WATEA will take the car to auction. The amount received at auction will be applied to the client’s loan. The client will then be responsible for the remaining amount (if any) still in arrears. WATEA may pursue these monies up to and including taking legal action.

Voluntary Surrender. Clients that wish to voluntarily surrender their vehicle need to pay for an inspection of that vehicle ($54.50 fee). The inspection will then go to the Wheels to Work vehicle repair committee. Based on how the vehicle was maintained, the committee will decide if they would like to keep the vehicle in the program to be re-awarded to another client. If it is able to be re-awarded, the client will have no additional expense to voluntarily surrender the vehicle (besides inspection mentioned). If the returned vehicle has not been properly maintained, the client has two options: keep the vehicle and continue their payments as stated in their contract; surrender the vehicle, at which point WATEA will take the car to auction. The amount received at auction will be applied to the client’s loan. The client will then be responsible for the remaining amount (if any) still in arrears. WATEA ▇▇▇▇▇ may pursue these monies up to and including taking legal action.