An auto loan payoff quote, sometimes called a 10day payoff, states how much you need to pay off the loan balance. The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union.An auto loan payoff letter is just a way to prove that you have paid in full for a car. If you are selling your vehicle, often the buyer will ask to. So now what do I do? Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan. When you take out an auto loan, your lender will be listed as a lienholder on the title. Contact several banks or credit unions to get a prequalification letter that you can take to the dealership. Fill out the sections that are changed. Indicate your reason for requiring a corrected title.