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. Date: To: Mississippi Home Corporation.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. 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. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. If you're worried about how to get out of debt, here are some things to know — and how to find legitimate help. The trade-in value (after loan or lease payoff) will be applied to your deal.