There are no limitations on finance charges long as finance charges are truthfully disclosed on the contract. Late fees, must be explained in the contract.I recently Purchased a car, paid off the auto loan. Called up the dealership he said don't do anything sit home relax for title to come in mail. Edit, sign, and share vehicle payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. This is a request to payoff the lien on and to Floorplan the following vehicle(s) per the Auto Use Loan and Security Agree- ment. Your account number is provided with the loan details in the welcome letter that you receive in the mail after your new loan is funded. 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. By Rebecca Betterton.