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. To receive a copy of a loan payoff statement, please fill out the below request form.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. How do I get an auto loan payoff quote? However, there will be occasion where it will not be pre-populated. Sometimes it will populate the information after a vehicle trim is selected. You should have received your deed at the closing upon purchasing the property. Unlike a car title, a new deed is not generated when you pay off your mortgage. Bank online, in any central NY branch, or call us at 315.477.2200.