After the car loan expires, you need to go through the mortgage cancellation procedures at the lending institution. After the mortgage is cancelled, you should go to the vehicle management office with the loan repayment certificate and other procedures. After completing the formalities at the vehicle management office, you can get your motor vehicle registration certificate back. In addition, the beneficiaries of auto insurance will also change.
1. Cancel the mortgage: when handling the car loan, mortgage the car registration certificate of the car in the bank. After paying off the loan, the mortgage business can be cancelled and the car can be owned by the owner. The car mainly prepares the original ID card, loan contract, repayment bank card and motor vehicle registration certificate. Then bring relevant materials to the vehicle management office for mortgage cancellation registration. After successful handling, you can get back the automobile property certificate.
2. Change the beneficiary of auto insurance: When handling auto insurance, the beneficiary is generally a lending institution. Therefore, after the car loan is paid off, the beneficiary of the car insurance needs to be changed to the owner himself.
1. What are the conditions for buying a car with a loan?
1, with valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.
Second, what is the process of buying a car with a loan?
1. Lead customers to choose cars at the bank's special dealers and sign car purchase agreements or contracts;
2. The borrower applies to the loan bank for personal automobile mortgage;
3. Sign the contract with the consent of the investigation;
4. Go through the formalities of notarization and mortgage of automobiles;
5. Lenders (banks) handle loans;
6. After the loan is paid off, the lender (bank) cancels the pledge certificate and returns it to the customer.
3. What does the loan for buying a car include?
1, the original ID card, residence booklet or other valid proof of residence, and provide its copy;
2. Proof of occupation and economic income;
3 car purchase agreement, contract or letter of intent signed with the dealer;
4. Other documents required by the Cooperation Organization.
4. What is the most cost-effective way to buy a car with a loan?
1, credit card loan to buy a car
The advantages of buying a car with a credit card loan are fast, simple and low threshold. Credit card loan procedures are relatively simple, and the audit is much lower than that of banks. Many credit card products have an interest-free period, so car buyers will repay their monthly bills in full and on time, so there is no need to pay interest. However, it should be reminded at this time that the interest-free period and the handling fee are two different charges. When handling the installment, although the bank does not charge interest, it will charge a certain fee. The handling fee varies according to the number of bills, and the interest rates and collection methods of banks are also different.
2. Bank loans to buy a car
The minimum down payment of bank loans can be reduced to 20%, so it is called the choice of prospective car owners who buy cars with loans. In addition, banks can apply for large loans with low interest rates and long repayment period. The most important point is that banks can handle car loans without the restrictions of car models and car dealers, which greatly increases the choice of car buyers. There are many benefits, but it is not so easy to approve. Not to mention the need to prepare a lot of materials, and the most terrible thing is that after you spend most of your time going through the process, the bank tells you, "I'm sorry, you don't meet the requirements."
Lending process after paying off the car loan
After the car loan is paid off, the process of handling the car release formalities is as follows:
Bring your valid ID card, loan settlement certificate and motor vehicle registration certificate to the vehicle management office where the vehicle is registered. The staff will ask you to fill out the Application Form for Motor Vehicle Mortgage Registration/Pledge Filing and submit the information to the staff. After accepting it, go to the certificate making window and add the information of "date of mortgage cancellation and cancellation" on your motor vehicle registration certificate.
In order to maintain a good credit record, we should also pay attention to our online loan big data in time. This can be done by: building a quick check in the north, clicking on the query to see our own online loan big data report, so as to maintain good credit at all times.
Extended data:
How to go through the formalities of vehicle release after the car loan is paid off?
Because the vehicle registration certificate when handling the car loan is mortgaged in the bank, it is necessary to issue a settlement certificate after paying off the loan, and at the same time recover the vehicle registration certificate, vehicle certificate, car purchase contract and mortgage materials. Then bring the above materials, personal identification and repayment bank card to the vehicle management office to cancel the mortgage registration, and then you can go through the formalities of transfer and licensing.
The second step is to go to the auto insurance company to change the insurance beneficiary. If it is a loan to buy a car, the beneficiary of auto insurance is the bank, so the owner needs to go to the insurance company to change the beneficiary after paying off the car loan. If the owner has not changed, then the beneficiary is the bank, not the owner, and will benefit from future accidents.
The third step is to go to the bank for settlement. After paying off the car loan, it is also very important for the borrower to prove that he has paid off the loan through settlement procedures.
Finally, after the car loan is settled, it is best to drive the vehicle to the 4s shop for inspection and remove the hidden GPS positioning device to protect personal privacy. Of course, it is not excluded that some vehicles are not equipped with GPS positioning devices.
Generally speaking, after the car loan is paid off and the mortgage is lifted, you need to go through the formalities of car loan settlement, change the beneficiary of car insurance and dismantle the GPS device, so you can drive your own car with peace of mind.
What is the procedure for canceling the mortgage of a car?
Pacific Auto Network 1, identification certificate of the owner and mortgagee (copy of bank organization code certificate); 2. The power of attorney of the bank is stamped with the official seal; 3. Registration certificate (with mortgage cancellation information on it); 4. Fill in the form in dmv.
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 your financial company 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.
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. This information will be given to us by the financial institution that handles the car loan 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.
How long does it take to cancel the car mortgage? It is stipulated that the vehicle management office shall complete the formalities within one day after accepting the application for cancellation of mortgage registration. If you need the identity certificate, motor vehicle registration certificate and other documents and materials of the motor vehicle owner and mortgagee, go to the vehicle management office for consultation.
(a) the identity certificate of the motor vehicle owner and the mortgagee.
(2) Motor vehicle registration certificate.
If the people mediate, make a ruling or make a judgment 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 book, ruling or judgment issued by the people, 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.
Twenty-fifth motor vehicle mortgage registration date, mortgage registration cancellation date can be available for public inquiry.
There is no need to cancel the registration of automobile mortgage. There is no need to cancel the registration of automobile mortgage. Entrusting others must meet the following conditions.
1, write a power of attorney.
2. Bring the ID cards and photocopies of the client and the client.
3. Provide the following information: the identity certificates of the motor vehicle owner and mortgagee and their copies; Application form for motor vehicle mortgage registration/pledge filing; If the mortgage is released through people's mediation, ruling or judgment, the motor vehicle owner or mortgagee shall also submit the effective mediation, ruling or judgment issued by the people's court, as well as the corresponding notice of assistance in execution and motor vehicle registration certificate.
What procedures should I consult to cancel the mortgage of vehicle loan?
The information required to release the automobile mortgage is as follows:
1, the original ID card, residence booklet or other valid proof of residence, and provide its copy;
2. Proof of occupation and economic income;
3 car purchase agreement, contract or letter of intent signed with the dealer;
4. Other documents required by the Cooperation Organization.
Process of automobile mortgage cancellation: hold the motor vehicle registration certificate and the identity certificate of the mortgagee and mortgagor → fill in the Application Form for Motor Vehicle Mortgage/Cancellation of Mortgage Registration, and affix the official seal of the company to the relevant window for handling.
Data expansion:
1. automobile mortgage is a loan secured by a borrower's or a third party's car or self-purchased car, which is obtained from a financial institution or an auto consumption loan company.
2. Article 22 of the Regulations on Motor Vehicle Registration clearly stipulates that "if a motor vehicle owner mortgages a motor vehicle, he shall apply to the vehicle management office at the place of registration for mortgage registration. Hold the motor vehicle registration certificate, the identity certificate of the mortgagee and mortgagor → fill in the Application Form for Motor Vehicle Mortgage/Cancellation of Mortgage Registration, and affix the official seal of the unit to the relevant window for handling.
3. The information and procedures required for deregistration are the same as those for registration.
Source: Baidu Encyclopedia Automobile Mortgage
Automobile loan mortgage issuance process
The process is as follows:
1, carrying the identity certificate of the motor vehicle owner and mortgagee (personal ID card. The unit is organization code certificate or unified social credit code certificate, power of attorney with official seal, agent ID card);
2, the original motor vehicle registration certificate, the mortgagee is the unit and has a designated agent, the designated agent must be present, I suggest you can go to the police post service station to handle it.
How to cancel the mortgage procedure of car loan?
The mortgage cancellation process of car loan is as follows:
1. First of all, after the owner's car loan is paid off, the owner must first go to the bank for settlement. Car owners often get the bank's car loan settlement certificate when they go through the settlement procedures. Only by obtaining this certificate will the vehicle management office believe that the owner has paid off the car loan.
2. After the car loan is settled, the owner can go to the vehicle management office to go through the formalities of car release. When handling the car release formalities, the owner must remember to bring his ID card, driver's license, car loan settlement certificate, car insurance policy and other materials.
3. After the vehicle is released, the owner can transfer the vehicle or go through the licensing procedures. At the same time, the owner needs to go to the insurance company to change the beneficiary of vehicle insurance.
In addition, after the vehicle is released from mortgage, the owner had better remove the GPS from the vehicle, which can better protect the owner's personal privacy.
After the loan is paid off, the car mainly remembers to go to the auto insurance company to change the insurance beneficiary, because the insurance beneficiary of the general loan to buy a car is the lending institution, and the beneficiary should be changed to the owner himself after the loan is paid off.
So much for the introduction of car loan cancellation.