What procedures do I need to go through after the car loan is paid off?

There are many procedures that need to be completed after the car loan is paid off, as follows:

1. Procedures to be handled after the car loan is paid off.

1. Go to the bank or "car loan" company to go through the loan settlement certificate procedures, when you apply for the loan, you have signed the car loan agreement, so you must open a loan settlement certificate, so as to prove that the car loan is paid off in full on time;

2. Get back the vehicle registration certificate that was mortgaged at the beginning;

3. Go to the local vehicle management office to go through the procedures for the release of the mortgage of the vehicle, when the loan was purchased in installments, the green book was mortgaged, and the status of the vehicle was also registered on it, so after paying off the loan, you should go through the procedures for releasing the mortgage in time;

4. Go to the insurance company to go through the procedures for changing the beneficiary of the car insurance.

2. Legal basis.

Article 24 of the Regulations on the Registration of Motor Vehicles.

To apply for the release of mortgage registration, the owner of the motor vehicle shall fill in the application form, which shall be jointly applied by the owner of the motor vehicle and the mortgagee, and submit the following certificates and vouchers:

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.

3. The process of releasing the mortgage after the car loan is paid off.

1. After the last monthly payment of the car loan is deducted, it will take about 10 working days for your mortgage to go to the bank that handles the car installment payment. For the bank's credit card car installment, it is best to call the bank's customer service ** in advance to inquire whether it has been fully settled, and the customer service ** can be found on the back of the repayment card. For car loans handled at financial companies, you can call the customer service of the financial company to which you belong, or go to the car dealer for consultation;

2. To receive the motor vehicle registration certificate, you must collect it in person with your ID card, and other procedures that may be used include: motor vehicle driving license, bank repayment details, etc. Go to ** to get back your "Motor Vehicle Registration Certificate"; Refer to "When the car loan expires, go to ** get back your motor vehicle registration certificate";

3. After getting the registration certificate, the next step is to go to the local municipal vehicle management office to go through the procedures for releasing the vehicle mortgage, and the information that needs to be brought includes: motor vehicle registration certificate, loan settlement certificate issued by the lending institution, the lender's organization certificate, "Motor Vehicle Mortgage Registration Pledge Filing Application Form", power of attorney, and the ID card of the motor vehicle owner. When these materials are handed over to the registration certificate, the financial institution that handles the car loan will give them to the parties together;

4. After going to the hall of the vehicle management office, you can go to the corresponding service window.

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 buy and sell 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 to buy a car is delivered, the bank will install the GPS on your car, and only after the removal can our privacy be guaranteed.

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

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

2.Loan contract with the bank;

3.Loan repayment card;

4.Original motor vehicle registration certificate.

The specific process of handling the vehicle release procedures is as follows:

The owner of the motor vehicle submits the following procedures to the DMV for registration of the release of the mortgage, and the motor vehicle does not need to be present:

1.The original application form for the registration of motor vehicle mortgage and pledge for the record, with the original stamped with the mortgagee's official seal;

2.Proof of identity of the owner and mortgagee of the motor vehicle. If the owner of the motor vehicle is an individual, the original and a copy of the resident ID card or temporary resident ID card shall be provided, and the temporary resident shall submit the original and a copy of the residence certificate issued by the authority at the same time;

3.Motor vehicle registration certificate;

4.Power of attorney issued by the mortgagee (power of attorney with official seal);

5.The owner of the motor vehicle must be present.

With the improvement of our national living standards in recent years, people's enthusiasm for buying cars is also increasing. Most of us will choose to use the loan installment method to buy a car, but when the car loan is paid off, do you think everything will be fine? If you really think so, it is very wrong, when we pay off the car loan, we still need to go through the procedures for the release of the vehicle.

1. Release of mortgage.

Buying a car with a loan is to mortgage the vehicle's "Motor Vehicle Registration Certificate" (that is, the green book) to the lending institution, but the car and driving license are still in their hands, so many people will mistakenly think that the money can be repaid. In fact, you have to go to the lending institution to go through the procedures for releasing the mortgage and get the green book back.

Documents required for the release of the vehicle.

Vehicle Registration Certificate

Motor Vehicle Mortgage Registration Pledge Filing Application Form (original) and stamped with the mortgagee's official seal.

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

Power of attorney of the mortgagee with the official seal.

The specific process. 1.About 10 working days after paying off the last car loan, get in touch with the lending bank in time, and apply for the loan settlement certificate, and at the same time get back the "Vehicle Registration Certificate" and car purchase invoice mortgaged in the bank.

2.Bring all the relevant materials and go to the local vehicle management office to go through the procedures for releasing the charge, and after the completion of the process, the ownership of the vehicle will really return to us.

2. Handle insurance changes.

During the period when the vehicle is under mortgage, although the name of the insurance is itself, the beneficiary is the lender, so it is necessary to go through the procedures for changing the insurance beneficiary after going through the procedures for unencumbering the mortgage. Usually, in the process of going through the decompression procedures, the insurance change procedures will be completed by the way, which can save the trouble of running to the insurance company.

After confirming that the car loan has been repaid, the bank will issue the information or certificate of loan settlement.

With the settlement certificate obtained, go to the DMV or entrust the bank to get back the vehicle's registration certificate.

The process of unleashing the mortgage with the vehicle registration certificate. After passing these three steps, it means that the ownership of the vehicle has truly belonged to you, because the loan has not been repaid before, and the ownership of the vehicle is not considered to belong to you, because the registration certificate is pledged. With ownership of the vehicle, you have all the rights to the vehicle.

It should be noted that:Some people may not be aware of the third point that needs to be handled, and feel that the registration book will be completed as soon as they are in hand, and the loan has already been repaid. There is no problem with this idea, but there is still a need for such a process, otherwise if the vehicle changes hands, you still need to release the mortgage registration first.

From a legal point of view, we cannot sell the car without paying off the loan, nor can we complete the mortgage registration at the DMV.

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Documents and documents required for the procedure:To apply for the release of the mortgage and obtain the registration certificate, you need to prepare your own ID card, and bring your own car purchase contract and sales invoice for the sale of the vehicle. In addition, the information of the normal annual inspection of the vehicle, as well as the certificate of tax payment, these materials are indispensable.

If you want to release the mortgage, you also need to bring the registration book of the motor vehicle, and you can only complete everything at one time if you bring all the information. If you don't feel at ease, it is recommended to bring all the vouchers for buying a car, which will be more reassuring. You just need to put all the information in one folder when you buy a car.

Paying off the car loan does not mean that the car is our own, we need to go to the DMV to go through the relevant procedures such as release of the mortgage

First of allBring your ID card and other materials to the bank to go through the settlement procedures, issue a settlement certificate, and get back the motor vehicle registration certificate, motor vehicle certificate, vehicle qualification certificate, car purchase invoice, tax payment invoice, mortgage materials, etc.

And then: Bring these materials to the DMV to go through the procedures for the release of mortgage registration, and after this procedure is completed, the vehicle can be bought and sold or transferred.

There are two things you need to do to pay off your car loan

Change the beneficiary of the insurance

Contact the car insurance company you have insured, submit the corresponding car insurance settlement certificate, and let the insurance beneficiary change to your own name. Because in order to avoid risks during the bank loan, the insurance beneficiary will generally be filled in as the bank of the loan, if you do not change the beneficiary of the car insurance, when you need to get insurance compensation in the future, it will not hit your own account, which is very lossy.

Remove the GPS positioning of the vehicle

The car purchased with the loan is generally equipped with a GPS positioning device, and during the loan period, the vehicle trajectory will not be found under normal circumstances, and if it is overdue for too long, the vehicle may be found through GPS and towed away. Therefore, after paying off the loan, you should remove the positioning device to protect your privacy. Of course, some GPS will be installed more secretively, this part can be handed over to a professional 4S shop to help dismantle, if you have submitted the GPS installation fee before the loan, you can also return a certain installation fee.

1. Vehicle driving license.

2. Motor vehicle registration certificate.

3. Motor vehicle registration sub-form (extracted from the vehicle management office in the jurisdiction of the vehicle, with ID card, driving license, and road maintenance fee certificate).

4. Additional tax certificate for vehicle purchase, 5. ID card and household registration book of both buyers and sellers, if it is a foreign household registration, you need to bring a temporary residence permit, and the buyer's temporary residence permit needs to be full for one year.

Vehicle Ownership Transfer Process:

1. Sign the vehicle transfer contract.

2. Check whether the car is mortgaged and sealed by the court.

3. Check the record of running a red light.

4. The DMV issues a transaction form agreeing to the transfer.

5. Test and approve at the vehicle testing station.

6. Pay the taxes and fees for the vehicle transfer transaction.

7. Duty-free cars must provide a certificate of customs release from management.

8. Re-apply for a driving license.

9. Go through the procedures for changing the additional tax certificate.

10. Handle the procedures for changing the road maintenance fee voucher.

Hello, after the car loan is paid off, you need to go through the decompression procedures, and then go to the DMV to handle it, take the decompression application form, including a copy of your ID card, and then go to the DMV to go through the relevant procedures, and then you can get the big green book.

1. What procedures do you need to go through after the car is repaid?

1. After the car loan is repaid, it is necessary to go through the registration of the release of the mortgage. The borrower has to go to the local DMV office to release the mortgage registration and then get back the car title deed, so that the car will truly belong to the owner. When going through the registration procedures for the release of mortgage, it is necessary to prepare the valid identity documents of the borrower applicant and the vehicle owner, the loan contract signed with the bank, the loan repayment card, the original motor vehicle registration certificate and other materials.

2. Legal basis: Article 394 of the Civil Code of the People's Republic of China.

If, in order to guarantee the performance of the debt, the debtor or a third party does not transfer the possession of the property and mortgages the property to the creditor, the debtor fails to perform the due debt or the mortgage rights are realized as agreed by the parties, and the creditor has the right to be repaid in priority for the property.

The debtor or third party provided for in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property provided for by the guarantee is the mortgaged property.

Article 395.

The following property that the debtor or a third party has the right to dispose of may be mortgaged:

1) Buildings and other land attachments;

2) the right to use construction land;

3) the right to use maritime space;

4) Production equipment, raw materials, semi-finished products and products;

5) Buildings, ships, and aircraft under construction;

6) means of transport;

7) Other property that is not prohibited by laws or administrative regulations from being mortgaged.

The mortgagor may mortgage the property listed in the preceding paragraph.

2. What procedures are required to buy a car with a loan?

Buying a car with a loan requires the following procedures:

1. The purchaser needs to provide a valid ID card, and a temporary ID card is also acceptable;

2. If you are married, you need to provide a copy of the marriage certificate and your spouse's ID card;

3. Proof of residence, you need to provide proof of residence in your permanent residence, such as the electricity bill in the past 6 months, and if you have a property in your permanent residence, you need to provide a real estate certificate;

4. Proof of work and income, and proof of income with the official seal of the work unit.

1.One of the most important things that car owners should do after paying off the loan is to go through the procedures for releasing the car mortgage. Since the vehicle registration certificate is mortgaged to a bank or auto finance company during the repayment period of the car, the car owner only has the right to use the car, but does not actually own the ownership of the car.

Therefore, the owner of the car will release the car and truly belong to himself.

Go to the DMV to go through the procedures for release from custody.

Don't think that everything will be fine once you get it, and the DMV will have to go through something called "release procedures". In a mortgage installment sale, the ownership of the car belongs to the buyer, but the car needs to be secured as the seller's remaining claim.

Speaking of local dialect: After we get our green book, there will still be mortgage registration information written on it, which can be used and sold.

2.Further information: Articles 17, 21 and 25 of the Measures of the People's Republic of China for the Registration of Motor Vehicles:

A motor vehicle that has been registered as a mortgage cannot be transferred or transferred, which is what I said earlier. For example, Hangzhou, where I live, has recently launched something called a "regional license plate", and if the car is mortgaged, there is no way to apply for a regional license plate in Zhejiang.

It turns out that maybe it's a Shanghai C, or a foreign license, and there will be a problem.

We have to take this large green book, loan settlement certificate, the lender's organization certificate, motor vehicle mortgage registration pledge filing application form, and ID card to the vehicle management office to go through the procedures for releasing the mortgage.

Generally speaking, the 4S store will help us sort it out. When the release is completed, these cars can be regarded as truly our own, not only can we use them, but we can also sell them to whomever we want, and it is OK to transfer in and out.

Go to the 4S store to dismantle the GPS

In fact, one thing to note is that sometimes when we buy a car or take out a loan, maybe our credit history is not particularly good, at least that's what they say.

I installed a GPS for us.,There's a positioning.,Out of a certain area or what.,Will call the police or something.。

This thing has to be dismantled by the lender or the 4S store.

You think there is 1 inside the car.,Removed it.,In fact, there may be 3 inside the car.,The exposed one outside may be a "blinding method".。。