The dealer must, within 7 days, notify the lien holder in writing that the vehicle has been traded in. A 10 day payoff is crucial to getting your old loans paid off during a refinance.Learn how it works from start to finish. A vehicle payment plan agreement is a contract between a buyer and seller of a vehicle that agrees to installment payments. Print a "UCCU Authorization for Payoff form" and have the seller fill it out and sign it. Edit, sign, and share corporation payoff request online. No need to install software, just go to DocHub, and sign up instantly and for free. With Wells Fargo Online, you'll need to complete a one-time enrollment process. You'll need your Social Security number and date of birth to get started. A payoff statement is a document that shows how much money a borrower must submit to fully pay off a loan.