1. The general lending institution will notify the owner in about 7 working days, but the general bank will not call the owner to pay off the loan, so it is enough to handle the relevant matters on its own after the car loan is paid off. If it is a car loan handled by an auto financing company, the staff will call the owner to go through the formalities of paying off the loan. The owner of the vehicle goes through the loan settlement formalities at the institution and obtains five kinds of certificates: vehicle registration certificate, loan settlement certificate, vehicle purchase invoice, purchase tax invoice and organization certificate of the lending institution; Then the owner can go to the vehicle management office with relevant information to complete the formalities of liberating the car.

2. Some banks or auto financing companies fill in the insurance beneficiary's name instead of the owner's during the loan period, and then the owner has to go to the insurance company to change the beneficiary to the owner himself. Some auto financing companies will install GPS in their cars, and the owners also demand to dismantle and return a certain installation fee.

After the car loan is paid off, it is also necessary to handle mortgage cancellation business and auto insurance beneficiary change business. The following are the reasons for handling two transactions:

1. Mortgage business: the vehicle registration certificate of this car was mortgaged in the bank when the car loan was handled, and the mortgage business was cancelled after the loan was paid off, so that the car could be owned by the owner. The owner needs to prepare the original personal ID card, loan contract, repayment bank card and motor vehicle registration certificate. Then take the relevant information to the vehicle management office to go through the formalities of canceling the mortgage registration. After successful handling, you can get back the green paper of the car, that is, the car property certificate.

2. Change the beneficiary of auto insurance: When handling auto insurance, the beneficiary is usually the lender. Therefore, after the car loan is paid off, it is necessary to change the beneficiary of the car insurance to the owner himself.

The next step to get the motor vehicle registration certificate and the loan settlement certificate is to cancel the car mortgage registration at the vehicle management office.

Materials submitted for cancellation of mortgage registration:

(a) the identity certificate of the motor vehicle owner and the mortgagee;

(2) If the agent is an agent, the identity certificate of the agent (if the agent is a unit, the original identity certificate of the agent is also required) and the written authorization of the motor vehicle owner;

(3) Motor vehicle registration certificate;

(4) If the people's court mediates, decides or decides to cancel the mortgage, it shall also submit the effective mediation, ruling or judgment issued by the people's court and the corresponding notice of assistance in execution;

(five) if the mortgagee is a unit and has been cancelled, it shall also submit the certificate of cancellation of the unit (which may be the inquiry certificate issued by the industrial and commercial department) and the certificate that the mortgagor has repaid the loan.

In this way, the mortgage registration of the car can be cancelled, and the registered lending institution no longer owns the car, but belongs to the owner.