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. Loan payoff statements tell borrowers how much they must pay to close out a loan.Due to interest, etc. How to fill out the Payoff Request Letter Templates? Payoff Statement (1) - Free download as PDF File (. 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. You need to have all the information. This includes the name and address of the lender as well as the borrower. The first step to enforcing a judgment is to issue it in the Court of King's Bench.