1, please call the bank to confirm that the loan has been paid off, and then make an appointment to go to the bank to retrieve relevant information and apply for a car loan settlement certificate. (It usually takes 7- 10 working days).

2. It is very important to cancel the mortgage registration in dmv above the municipal level. Mortgage registration is for banks to prevent you from buying and selling vehicles during the loan process, so your car will be marked as a mortgaged car in the vehicle management office system, and you can only buy and sell vehicles after we complete the mortgage cancellation registration. Then we can get the big green book back.

3. Change the name of insurance and change the beneficiary to yourself. After we change the beneficiary to ourselves, if there is an accident in the future, the compensation amount can only be credited to our account.

4. Remove the gps locator. Before the car loan is issued, the bank will install the global positioning system in your car. Only after demolition can our privacy be guaranteed.

Do I need to handle it myself after the car loan is paid off?

After the car loan is paid off, the owner needs to go through the formalities of loan settlement and vehicle release. First of all, users need to go to the bank to obtain the vehicle registration certificate, the bank pig raising institution code certificate and the power of attorney; Then the owner can take three certificates to the local dmv to handle the mortgage cancellation business, and the vehicle is completely owned by the owner himself.

Is there a charge for car loan settlement?

Under normal circumstances, there is no charge for handling auto loan settlement procedures. The customer deposits the last payment into the repayment bank card. After the system deducts money and settles the loan on the due repayment date, the customer can bring ID card, car loan contract and other materials to the offline business outlets of the handling bank (auto consumption finance company) to find the staff to handle the loan settlement certificate and get back the vehicle registration certificate. Then the customer can go to the vehicle management office to handle the charging procedures, and the vehicle management office does not charge for the charging procedures. However, we need to pay attention to the fact that some customers are looking for a 4S shop to cancel the charges, and they may have to pay a certain service fee.