I. Procedures to be handled after the car loan is paid off
1. Go to the bank or the "car loan" company to handle the loan settlement certificate. When you applied for the loan, you signed an auto loan agreement, so you must issue a loan settlement certificate to prove that the auto loan was paid off in full and on time;
2. Bring back the registration certificate of the original mortgaged vehicle;
3. Go to the local vehicle management office for mortgage cancellation. When buying a car by installment, the Green Paper is mortgaged, and the mortgage status of the vehicle is also registered on it, so the mortgage cancellation procedures should be handled in time after paying off the loan;
4. Go to the insurance company to go through the formalities for changing the beneficiary of auto insurance.
Second, the legal basis
Article 24 of the Regulations on Motor Vehicle Registration
To apply for cancellation of mortgage registration, the motor vehicle owner shall fill in the application form, which shall be jointly applied by the motor vehicle owner and the mortgagee, and submit the following documents and vouchers:
(a) the identity certificate of the motor vehicle owner and the mortgagee;
(2) Motor vehicle registration certificate. If the people's court mediates, makes a judgment or orders to cancel 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, ruling or judgment issued by the people's court, and the corresponding notice of assistance in execution.
The vehicle management office shall, within one day from the date of acceptance, review the submitted documents and vouchers, and annotate the contents and date of cancellation of mortgage registration on the motor vehicle registration certificate.
Third, the process of canceling the mortgage after the car loan is paid off.
1. After deducting the last month's mortgage payment, it will take about 10 working days to get your mortgage back at the bank that handles the car installment payment. The bank's credit card car is in stages. It is best to call the bank's customer service phone in advance to ask if it has been completely settled. The customer service phone number can be found on the back of the repayment card. For car loans handled by financial companies, you can call the customer service phone number of the financial company you belong to, or go to the car dealer for consultation;
2. To obtain a motor vehicle registration certificate, you must hold an ID card. Other possible procedures include: motor vehicle driving license, bank repayment details, etc. Where can I get my own motor vehicle registration certificate? Refer to "Where can I get my own motor vehicle registration certificate when the car loan expires";
3. After getting the registration certificate, the next step is to go to the local vehicle management office to handle the vehicle mortgage cancellation procedures. Materials to be brought together include: motor vehicle registration certificate, loan settlement certificate issued by the lending institution, lender organization code certificate, motor vehicle mortgage registration/pledge filing application form, power of attorney, and motor vehicle owner's ID card. The financial institution handling the car loan shall hand it over to the parties when handing over the registration certificate;
4. After going to the lobby of the vehicle management office, you can handle it at the corresponding service window.