Get the money you need to claim the vehicle you want. BMO vehicle loans work for new and used cars, along with boats, RVs, and motorcycles.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. Request a pre-qualificationFill out our form and we'll be in touch with next steps. In some states, getting your title is an automatic process after you pay off your loan. It can take roughly two to six weeks to get your title after paying off a car. The Tesla financing calculator is available in the Design Studio to help you determine the right payment option. If you renew online, a non-refundable processing and handling fee is assessed per vehicle registration renewal. This form will be included with your December statement.