After the loan is paid off, if the overdraft card is used to apply for buying a car by stages, then the financial institution should take a green copy and apply for a car consumption finance loan. Car 4S store will send a green copy to the customer, or the customer will go to car 4S store immediately. You don't have to pay all the fees whether you get it from a financial institution, send it, or get it from a car 4S shop yourself. If there is a charging standard during this period, customers can report it.

In addition, after obtaining the green copy, the loan company will hand over the pledge cancellation materials to the customer, and the customer must immediately go through the pledge cancellation procedures.

Take the green paper step after paying off the loan.

First, the car mainly contacts the financial institution or auto finance investment company that handles the car loan, indicating that it is necessary to go through the formalities of paying off the car loan. In the future, it will be confirmed by five materials: vehicle registration certificate, loan repayment certificate, car purchase invoice, vehicle purchase tax receipt and organizational structure certificate of its loan company obtained from financial institutions or auto finance investment companies.

If the car owner is handling the car loan in a financial institution, it is best to go to the bank counter to go through the formalities of paying off the loan and retrieve the relevant information. If you apply for an auto loan from an auto financing company, it is very likely that the auto loan company will hand over the formalities to the auto 4S shop and let the owner go to the auto 4S shop where he bought the car.

After obtaining the relevant information, the owner goes to the service hall of the local vehicle management office and applies for cancellation of vehicle pledge in the dialog box of relevant business processes. The materials that the owner must carry with him are: the owner's reasonable ID card, the green copy of the motor vehicle registration certificate, and the loan repayment certificate of the financial institution or the auto finance investment company.

After dmv handles the cancellation procedures of automobile mortgage, the vehicle registration certificate of the automobile shall be kept by the owner himself. The owner also has the real right to use the vehicle. In addition, the car mainly pays attention to the beneficiaries of auto insurance, otherwise it needs to be changed in the auto insurance company. Also, if the car is equipped with GPS, the loan company will dismantle it.

Related Q&A: Related Q&A: How long will it take to get the Green Paper after the repayment? Mortgage to buy a car, how long can I get the green paper after the repayment? Buying a car with a loan lowers the threshold for buying a car. You can buy a car in advance with less money, or use the saved money to invest in other things.

However, everything has advantages and disadvantages. Buying a car with a loan will cost some handling fees and service fees, and there may be several years of in-store insurance bundling, and decompression fees will be charged when handling decompression.

At the same time, the procedures for buying a car with a loan are complicated. Not only will all kinds of proof materials be used when handling the loan, but even after repayment, there are still many things to be handled.

Then briefly talk about the way of car loan and how long it will take to get the Green Paper.

Now there are two ways to buy a car by mortgage: credit loan and mortgage loan.

1. Credit loan: Credit loan does not need to mortgage the motor vehicle registration certificate, that is, a green copy. Bank credit loans have many requirements for car buyers, such as having certain assets, a stable job and income, and good personal credit.

Credit loan can be understood as a bank handling a large credit card for car buyers. After this credit card is processed, the money will be swiped at the designated 4S shop, and then the car loan will be returned normally as required next natural month.

After paying off the car loan, you don't have to do anything. Cars can be bought and sold normally, and there is no such thing as canceling mortgages. The repayment card can be cancelled or used as a credit card. Credit loans will save a lot of trouble compared with buying a car with a mortgage.

Second, mortgage loan: As the name implies, mortgage loan is to mortgage the motor vehicle registration certificate, that is, the green copy. In fact, it is to mortgage the purchased car to a financial institution to obtain a loan.

Generally, only four major banks do not mortgage green capital, such as financial institutions of major manufacturers and local commercial banks. However, different regions have different requirements!

1. Loan from the manufacturer's finance company: the manufacturer's finance company will ask for a green loan, and will receive a short message notice from the finance company in the last installment of car loan repayment. In about 1-4 weeks, the finance company will mail all the decompressed materials and green copies to the 4S shop where the car was purchased and invoiced at that time. In the meantime, it will also receive a short message informing the lender that it needs to bring its ID card to the 4S store to collect its relevant materials. At the same time, after receiving your information, the 4S store will contact you through the telephone reserved for the 4S store at that time, informing you that the decompressed information and green copy have arrived at the store and take your ID card to pick them up.

At the same time, there will be two situations here, 1. Did you pay a certain green deposit or related service fee when you bought a car at that time? If you do, the 4S shop will go through the formalities. 2. If 4S doesn't charge you money, then you take the decompression materials, green paper, ID card and driving license, and when you go to get the card, the vehicle management office fills out the form, queues for two hours and decompresses for two minutes.

From the end of repayment to decompression, the owner is his own green paper, which takes about 1 month. The procedure is not cumbersome, just wait patiently!

2. Bank mortgage loan: Unlike factory finance, under normal circumstances, banks will not take the initiative to contact lenders after bank mortgage repayment. Lenders need to take the initiative to contact the loan officer at that time after the last repayment. If you forget your phone number after a few years, you can contact the customer service of the loan bank.

After contacting the bank, the bank will mail you the decompressed materials and green copies in about 15 days, of course, the postage will be paid by itself. After getting the materials, bring your ID card and driving license to the vehicle management office when you get the license to decompress, and it will be done in half an hour. If you forget the address of the vehicle management office when you apply for the license, you can contact the 4S shop when you buy a car, and they will tell you.

It takes about 20 days to get your own Green Paper from the end of repayment to the decompression procedure, and the time may be much shorter, depending on your speed at that time.

After completing the decompression procedure, not all the car loan matters are over. There are two points to note.

1. change the first beneficiary of insurance: the first beneficiary of insurance for buying a car with a general loan is a financial institution, because the ownership of the car does not belong to him during the repayment of the car loan. Only after paying off the car loan, the owner is himself. So contact the insurance company in time after decompression to see if it is necessary to change the first beneficiary.

2.GPS: Many 4S stores require the installation of GPS, and charge the GPS fee when the owner borrows money to buy a car. For GPS, manufacturers generally do not require 4S stores to install it, and some 4S stores only charge installation fees. Some will install it and clearly tell the owner where this GPS is. When the car loan is returned, someone will remove it when they go to the 4S shop to get the decompression materials. Whether this GPS is installed or not depends on the down payment when buying a car with a loan.

These two things need to be paid attention to after decompression, and communicate with insurance companies and 4S stores in time.

Finally: mortgage to buy a car. After repayment, if there is no green paper, you should contact the financial institution you chose when you borrowed money and inform yourself of repayment. It is best to buy a car in the contacted 4S shop, communicate in time, and go through the decompression procedures as soon as possible after getting the decompression materials and the green paper.

After repayment, the handling of these things is not complicated. What is complicated is the waiting process and not knowing the relevant process.

I hope that through my answer, I can help and guide you who are encountering the same problem! I'm Bobo. If my answer is helpful to you, remember to pay attention and like it.