A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. 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.How to fill out the Payoff Request Letter Templates? 1. Enter your personal information and amount owed. 2. Here are some sample statement templates that you can make use of to know more. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. Sign up for reminders.