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. The easiest way to calculate your total loan payoff amount is to go online or call your lender directly.Many lenders have calculators available. Yes, you will probably get a letter confirming your loan has been paid in full, thanking you for your business, and soliciting your future business. You need to take your payoff letter to your DMV to get the security interest removed. Upvote 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. A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. 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.