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 quote, sometimes called a 10day payoff, states how much you need to pay off the loan balance.Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan. Check out our loan payoff statement template selection for the very best in unique or custom, handmade pieces from our templates shops. 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. Check out our car loan payoff selection for the very best in unique or custom, handmade pieces from our templates shops. After the lien on a vehicle is paid off, the lienholder has 10 days after receipt of payment to release the lien. If you are looking to payoff your vehicle, there is a sample letter form that you can use as a guide. The letter should be professional and informative.