After the bank or auto financing company pays off the loan, the owner can get the green copy. After paying off the loan, the average car owner will go to the bank or auto financing company that originally handled the auto loan to handle the loan repayment business. After the bank or auto financing company handles the loan repayment business, the owner will get a green copy, that is, the motor vehicle registration certificate. However, the owner has to take the motor vehicle driving license to the local vehicle management office to understand the procedures.

Car owners should first contact the bank or auto financing company that handles the car loan and explain that they have to go through the formalities of paying off the car loan. After that, I got the vehicle registration certificate, loan settlement certificate, vehicle purchase invoice, purchase tax invoice and organization certificate of the lending institution from the bank or auto financing company.

If the owner applies for a car loan from the bank, it is best to go to the bank counter to pay off the loan and get back the relevant information. If you apply for an auto loan from an auto financing company, maybe the auto loan company will hand over the formalities to the 4S shop and let the owner go to the 4S shop where he bought the car.

After getting the relevant information, the owner will go to the lobby of the local vehicle management office and cancel the car mortgage in the relevant business window. The documents that the owner needs to carry are: the valid identity certificate of the owner, the green copy of the motor vehicle registration certificate, and the loan repayment certificate of the bank or auto financing company.

After the vehicle mortgage cancellation formalities are handled at the vehicle management office, the vehicle registration certificate of the vehicle shall be kept by the owner himself. Car owners also have real car ownership. In addition, car owners should also pay attention to the beneficiaries of vehicle insurance. If it's not yourself, go to the insurance company to change it. Also, if the vehicle is equipped with GPS, it will be dismantled by the lending institution.

Matters needing attention

Whether to buy a car depends on the owner's funds. When asked about the advantages and disadvantages of car loans, most car dealers are somewhat evasive.

They believe that buying a car with a loan can not only enable citizens with insufficient funds to buy their favorite cars in advance, but also allow some citizens with sufficient funds but other uses to free up some funds that would have been used for car prices for development. However, the resulting interest and extra costs have been ignored.

Undoubtedly, "interest-free, fee-free" makes many people who can't afford a car have the impulse to buy a car. However, the problems behind this kind of value for money have made many people ill-considered. Some auto credit practitioners believe that consumers must pay attention to three points when buying a car with loans:

First, after enjoying the "zero-interest-free loan" of the merchants, can you still enjoy the preferential price of the car?

Secondly, the car loan fee in the market a few days ago was in the range of 4%~7.5%, whether it was interest-free and fee-added;

Third, the general car purchase interest rate is charged according to the bank benchmark interest rate. Regardless of whether the handling fee is unavoidable, the interest is floating on the basis of the bank's benchmark interest rate. At the same time, due to the choice of loans, new car insurance must be "fully insured", which will result in a large premium expenditure.

Therefore, the most important thing in car loan is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which will not only standardize services and charges, but also leave hidden dangers for themselves.