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. When you pay off your vehicle loan, be sure that the lien release is noted on DMV's records and obtain an updated copy of your title.Getting Your Title After Paying Off Your Vehicle Loan. If you are looking to payoff your vehicle, there is a sample letter form that you can use as a guide. The letter should be professional and informative. If you're visiting this page you're close to paying off your loan! Review the information below and complete the form at the bottom. A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. Sign on to your account, select your auto loan from Account Summary, and then Get payoff quote. If you want to know what it will take to pay off a loan, you'll need to access a payoff statement (sometimes called a payoff letter).