This financial calculator helps you find out. View the report to see a complete amortization payment schedule, and how much you can save on your auto loan!Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan. 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. The payoff demand processing fee is paid in escrow. Please see more information in the Payoff Demand Instructions. How to fill out the Payoff Request Letter Templates? Refinancing a car loan doesn't take long from application to approval. Here are six steps that walk you through refinancing a car. Auto loan preapproval and prequalification are different, but both can help you plan for a car purchase and get the lowest rate possible.