Payoff procedures vary depending on whether the lienholder is using the Electronic Lien Title (ELT) system or a paper title. A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance.A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. Please wait 30 days from date of payoff posting to your loan before requesting a paid in full letter. Sign on to your account, select your auto loan from Account Summary, and then Get payoff quote. It can take roughly two to six weeks to get your title after paying off a car. Purchase or refinance a new or used car, truck or van today. Looking for a New Home? "Wait, back up… I thought I was done?! It typically takes less than 10 minutes to complete an application.