An auto loan payoff letter is just a way to prove that you have paid in full for a car. If you are selling your vehicle, often the buyer will ask to.Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your 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. An auto loan payoff quote, sometimes called a 10day payoff, states how much you need to pay off the loan balance. The lender will release the electronic lien and DMV will mail you a paper title to the address on file. Goodwill letter template. Move your business forward. Whether you're ready to upgrade to a new technology or need to replace an aging machine, we have options. You can also select topics in the categories below.