Applying for an auto loan online with Cook Chevrolet is fast, convenient, and secure. My advice is to pay off your credit cards, instead of, adding it to the down payment for a new car.This is a sample template letter to your creditors explaining that you can no longer make payments at this time. Complete this easy fourstep application, and we will contact you with your customized financing options. We even cater to those with less-than-perfect credit. Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan. BCU offers a wide range of loan repayment options with terms up to 75 months (up to 84 months for brand new vehicles). If you have the funds to pay off an installment loan early, request a payoff letter from your lender. Find their phone number on your card or statement. Check out our nerdy picks for the best United credit cards and find the right card for you.