First, cancel the mortgage.

Buying a car with a loan is to mortgage the vehicle registration certificate (that is, a green copy) of the vehicle to the lending institution, but the car and driving license are still in their hands, so many people will mistakenly think that the money is enough. In fact, I have to go to the lending institution to cancel the mortgage and get the Green Paper back.

Materials required for vehicle release procedures.

Vehicle registration certificate

Original Application Form for Motor Vehicle Mortgage Registration/Pledge Filing, and stamped with the official seal of the mortgagee.

Identity certificates and photocopies of motor vehicle owners and mortgagees.

Power of attorney of mortgagee with official seal

Specific process

1. About 10 working days after paying off the last car loan, contact the loan bank in time, handle the loan settlement certificate, and get back the vehicle registration certificate and the car purchase invoice mortgaged in the bank.

2. Take all relevant materials and go to the local vehicle management office to learn about the mortgage procedures. When the formalities are completed, the ownership of the vehicle will really return to us.

2. Handling insurance changes

During the period of vehicle mortgage, although the name of insurance is self, the beneficiary is the lender, so after understanding the mortgage procedures, the insurance beneficiary has to change. Usually, in the process of decompression, the insurance change procedures will be handled by the way, which can save the trouble of running the insurance company again.