You have to go to the BMV after you pay off the car. 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.Discover a range of banking, mortgage, business, and private banking solutions customized to your unique needs. Choose Flagstar Bank. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. Edit, sign, and share vehicle payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. Have questions about an account or loan at Credit Union ONE in MI? We've compiled a list of frequently asked questions for your convenience.