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. Do you have a question?The template below can help you write your own pay for delete letter. Simply update the bolded portions with your own information. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan.