What should I do if I finish paying off my car loan, and what should I do after I pay off my car loa

After the car loan is paid off, go to the DMV to go through the procedures for releasing the mortgage. Proof of identity of the owner and mortgagee of the motor vehicle is required; Motor vehicle registration certificate.

Article 24 of the Provisions on the Registration of Motor Vehicles applies for the cancellation of mortgage registration.

1) The identity certificate of the owner and mortgagee of the motor vehicle;

2) Motor vehicle registration certificate.

Where the people's court mediates, rulings or makes a judgment to lift the mortgage, the owner or mortgagee of the motor vehicle shall fill in the application form and submit the motor vehicle registration certificate, the effective Mediation Document, Ruling or Judgment issued by the people's court, and the corresponding Notice of Assistance in Enforcement. The vehicle management office shall, within one day from the date of acceptance, review the submitted certificates and vouchers, and endorse the content and date of the release of the mortgage registration on the motor vehicle registration certificate.

Article 25 The date of registration of motor vehicle mortgage and the date of registration of release of mortgage may be made available for public inquiry.

Article 26 In any of the circumstances provided for in Article 9 (1), (7), (8) or (9) or Article 20 (2) of these Provisions, the mortgage registration shall not be handled. The registration of the release of the mortgage will not be processed.

After the vehicle is paid off the loan, you still need to do the following 4 steps to make the car completely yours.

1. After the car loan is paid off, call the bank to confirm that the loan has been paid off, and make an appointment to go to the bank to get back the relevant information and apply for the car loan settlement certificate.

2. Go to the vehicle management office to handle the release of mortgage registration, this step is very important, mortgage registration is the bank to prevent you from buying and selling vehicles in the process of loan, so your car will be marked as a mortgaged car in the system of the vehicle management office, and only after we complete the registration of the release of the mortgage can we carry out the purchase and sale of the car including the vehicle. Then we can get the big green book back.

3. Change the name of the insurance and change the beneficiary of the insurance to yourself. After we change the beneficiary to ourselves, the compensation amount can only be credited to our account in the unfortunate event of an accident in the future.

4. Dismantle the GPS locator, before the loan is delivered to buy a car, the bank will install the GPS on your car, and only after the removal can we ensure our privacy.

After repaying the loan, you need to get back the motor vehicle registration certificate and car purchase invoice, because if you don't get these things back, you can't prove that the ownership of the vehicle belongs to you.

Go through the procedures after the car loan is repaid:

1. Get back the vehicle registration certificate, buying a car in installments is to put the vehicle as collateral in a banking institution to apply for a loan, so after the car loan is repaid, the first thing to do is to get back your motor vehicle registration certificate and loan settlement certificate from the bank, such as the bank car mortgage loan contract, car mortgage loan repayment certificate, etc. It is best to call the customer service of the bank or institution in advance to ask clearly, so as not to run in vain.

2. The next step in the relevant procedures for releasing the car mortgage registration certificate and obtaining the motor vehicle registration certificate and the loan cavity settlement certificate is to go to the vehicle management office to cancel the car mortgage registration, fill in the "Application Form for Cancellation of Motor Vehicle Mortgage Registration" at the corresponding window, and then submit the prepared information, you can cancel the mortgage registration of the car, and the registration bank no longer owns the vehicle, but belongs to the owner.

3. The last step is to change the first beneficiary of the car insurance. Previously, due to the conditions made by the sideburn lender, the first beneficiary of car insurance was sometimes the lending institution, so when your car loan is fully settled, don't forget to change the first beneficiary of the insurance to you. This step must be remembered, don't get dizzy and forget this in the procedures of what to do after the virtual loan repayment of the automobile transportation bureau.

Photo by Qi Hesong of Pacific Automobile Network).

I believe that most people will buy cars through vehicle loans.

The model of a vehicle loan is to pay a certain down payment on the vehicle first, and then repay the balance every month. So, when we pay off the car loan, will everything be fine? Actually, it's notAfter we repay the car loan, we still need to go through the procedures for the release of the vehicle.

It may have taken three years to repay the car loan, and many car owners don't remember it, at that timeWhen we took out a loan to buy a car, we had already signed a vehicle mortgage agreement with the bank. That is, at that time we had already mortgaged the vehicle to the bank, so,If we don't go through the procedures for releasing the car after we have paid off the car loan, then we will pay back for three yearsMonthly paymentThe ultimate ownership of the vehicle is still in the hands of the bank.

The process of unloading the vehicle

About 10 working days after I pay off my last car loan, contact the loan bank in a timely manner.

andHandle the loan settlement certificate and at the same time mortgage in the bank's "Motor vehicle registration certificate. and get back the car purchase invoice; After that, bring all the relevant materialsGo to the local vehicle management department to go through the procedures for release from custody. Only after the release of the vehicle is completed will the final ownership of the vehicle return to us.

Relevant materials required for the release of the vehicle

Motor vehicle registration certificate.

The original application form for the registration of motor vehicle mortgage and pledge (with the official seal of the mortgagee).

Proof and copy of the identity of the owner and mortgagee of the motor vehicle

mortgageePower of Attorney(with official seal).

Summary. Hello dear, I am very happy to serve you, through the official inquiry shows that the car loan has been repaid, the next step is that the user should go to the bank to get back the car registration certificate, loan repayment certificate and the materials for the release of the mortgage, and then the user will go to the vehicle management office to handle the release of the mortgage, only by handling the release of the mortgage, the user can get back the ownership of the vehicle. If the user does not handle the release of the mortgage, then the ownership of the vehicle is still with the bank, and the transfer of ownership of the vehicle will not be able to be processed after that.

After the car loan is paid off, the bank will send a text message to remind the user about a week, and the user can choose to go to the bank branch to get back the car registration certificate, loan repayment certificate and mortgage release materials, or can ask the bank to send the information by mail. As for the GPS in the car, the user can choose to keep it or remove it.

Hello dear, I am very happy to serve you, through the official inquiry shows that the car loan has been repaid, the next step is that the user should go to the bank to get back the car registration certificate, loan repayment certificate and the materials for the release of the mortgage, and then the user will go to the vehicle management office to handle the release of the mortgage, only by handling the release of the mortgage, the user can get back the ownership of the vehicle. If the user does not handle the release of the mortgage, then the ownership of the vehicle is still with the bank, and the transfer of ownership of the vehicle will not be able to be processed after that. After the car loan is paid off, the bank will send a short cancellation letter to remind the user that the user can choose to go to the bank branch to get back the car registration certificate, the loan repayment certificate and the mortgage release materials, or can ask the bank to send the information by mail.

As for the GPS on the car, the user can choose to keep or remove the family.

Also remember to get your motor vehicle registration certificate and loan settlement certificate back from the bank.

The process that needs to be handled after the car loan is repaid is as follows:

1. After the car loan is settled, the relevant materials for car loan guessing are prepared in the standard, including purchase tax invoices, repayment certificates, etc.;

2. Go to the lending institution to go through the procedures for settling the car loan;

3. After settling the car loan procedures, bring the relevant procedures to the vehicle management office to receive the registration certificate of the Jisun Paliang bullet train.

What documents do you need to prepare for a car loan?

The materials required for a car loan are:

1. Personal loan application;

2. Valid identity certificate of the applicant and his/her spouse;

3. Proof of occupation, position and income of the applicant and his/her spouse;

4. Marriage certificate and household register;

5. Original ID card, household registration booklet or other valid residence certificate, and provide a copy of it.

Legal basis: Article 681 of the Civil Code of the People's Republic of China.

A guarantee contract is a contract in which the guarantor and the creditor agree that the guarantor will perform the debt or assume responsibility when the debtor fails to perform the due debt or the situation agreed by the parties occurs.

Article 682.

The guarantee contract is a subordinate contract of the main creditor's rights and debts contract. Where the principal creditor's rights and debts contract is invalid, the guarantee contract is invalid, except as otherwise provided by law.

After the guarantee contract is confirmed to be invalid, if the debtor, guarantor or creditor is at fault, they shall each bear the civil liability for the dispersion of the omen according to their fault.

1.About 10 working days after the last monthly payment of the car loan is deducted, the bank will notify the individual to go to the DMV with the bank staff to go through the procedures.

2.Prepare all the necessary procedures for the release of the mortgage, including the "Application Form for Mortgage Registration and Pledge of Motor Vehicle", "Original ID Cards of the Owner of Motor Vehicle and the Mortgagee" and a photocopy.

4.With the above information, the bank staff will take the individual to the DMV to go through the procedures for the cancellation of mortgage registration.

Extended information: 1. Application process.

1.First of all, the borrower needs to prepare the ID card, proof of residence, proof of work, proof of loan purpose and other supporting materials, go to the bank to fill out an application form, and fill in a contract.

2.Then, wait for the bank's pre-loan qualification investigation and approval. If the borrower meets the loan conditions stipulated by the bank, the bank will notify the borrower to fill in some loan** documents.

If the loan applied by the borrower requires mortgage or guarantee, it is also necessary to sign a guarantee contract, a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to enter into such a contract.

3.Second, banks issue loans to borrowers. Generally, the bank will issue the loan within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be disbursed in 1 day at the earliest.

4.Finally, the borrower gives the down payment to the car dealer and picks up the car with the passbook and the bill of lading issued by the bank.

In the process of applying for a personal car consumer loan, the applicant needs a copy of the ID card, a copy of the household registration book, a copy of the marriage certificate, a copy of the income certificate, a bank statement, a copy of the real estate certificate and other procedures.

2. Application materials.

1.Original ID card, household registration booklet or other valid residence certificate, and provide a copy thereof;

2.Proof of occupation and economic income, a list of personal accounts for the past 6 months;

3.A car purchase agreement, contract or letter of intent signed with the dealer;

4.Other documents required by the cooperating institution.

After the borrower pays off the car loan, he or she must also go to the DMV to go through the procedures for releasing the mortgage registration and get back the car ownership certificate.

The following documents must be prepared when going through the registration procedures for the release of the mortgage from the blind:

1. Valid identity documents of the borrower, applicant and vehicle owner;

2. Late return to the loan property right signed with the bank;

3. Loan code cover repayment card;

4. Original motor vehicle registration certificate.

Since it is a car bought with a loan, the car will of course belong to you after the loan is repaid, and the mortgage cancellation procedures will be handled.