After paying off the car loan, you can apply for cancellation of motor vehicle mortgage online, just provide relevant information and wait for the traffic control department to review it. After the normal examination and approval, the traffic control department will mail the motor vehicle registration certificate to the applicant by mail to complete the vehicle mortgage cancellation procedures.

When buying a vehicle, you need to cancel the relevant mortgage procedures after the loan is paid off. If the vehicle has a loan, you must go through the relevant formalities at the vehicle management office after the loan is settled, otherwise the vehicle will not be sold and the normal transfer procedures will not be handled. Procedures for canceling vehicle mortgage at the vehicle management office include: power of attorney (stamped with official seal and cheque), valid personal identification of the owner, completed Application Form for Registration/Pledge of Motor Vehicle Mortgage, organization code certificate of the lending institution, motor vehicle registration certificate and loan settlement certificate issued by the lending institution. (Photo/Text/Photo: Part-time job) Peng Automobile P7 Model Y V Li ONE Weilai EC6 Model X @20 19