Letter declining the lending of an item

Dear Mike

I hope that you can forgive me, but I must decline your request for my camcorder. I honestly don't feel comfortable lending out this equipment as it is very expensive, and more to the point, very fragile. I would be greatly concerned about the camcorder becoming damaged and I do not want to burden you with that responsibility.

If you need a camera, I can suggest one or two stores in the community which will rent cameras and video equipment by the week.

Sincerely
Jack