What is a 10 day payoff letter?

What is a 10 day payoff letter? A 10-day payoff statement is a document from your lender that gives us the payoff amount to purchase your vehicle, including 10 days worth of interest. We need this document in order to finalize your trade-in or sale. We cannot accept screenshots, emails, or any editable document for this letter.

What is a 10-day loan payoff document? A 10-day payoff tells you how much money (including interest) you’ll need to pay to have your car loan entirely paid off. This amount will differ from the balance you currently see on your loan.