A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. 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. 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. This document clearly outlines the final payment amount, including any interest or fees, providing a mutual understanding between the borrower and the lender. We're happy to offer several ways to make your monthly payment, see below for more information. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. If you know you're not going to be able to keep up with your loan payments, you might be better off selling the car yourself and paying off the debt. Be sure to include your parcel or account number in the email.