A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish.Payoff procedures vary depending on whether the lienholder is using the Electronic Lien Title (ELT) system or a paper title. Make sure your address on file with the lender is up to date so the title is sent to your current residence. 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. See the sections below or use the search feature to find answers to questions about Mechanics Bank Auto Finance and managing your auto loan. 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.