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. A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. Don't be afraid to request an auto loan payoff quote. 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. A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish.