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. 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. Enclosed with this letter, you will find a formal payoff statement confirming the full satisfaction of your loan. 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. A payoff statement is a document that shows how much money a borrower must submit to fully pay off a loan. Once you pay off your loan, your lender will send you an official release of lien letter. After I pay off my vehicle loan, when will I get my title? When you take out an auto loan, your lender will be listed as a lienholder on the title. Read some of our more frequently asked questions about auto loans with Wells Fargo today.