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. Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan.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. The fastest way to pay off a car loan is to simply pay cash for the remaining balance, but make sure to get a pay-off quote before sending in that payment. Loan servicing and loan modification information from Carrington Mortgage. Temporarily reducing payments. CU SoCal offers CA's best new and used car loans, with some of the lowest rates and fees. We can even refinance your auto loan! Apply to Closer, Customer Service Representative, Demand Manager and more!