There is no need to pay for the settlement of car loans. The user directly goes to the bank or institution to ask the other party to issue a repayment settlement certificate. Then bring relevant information, such as identity documents, driving license, proof of settlement, etc. And go to the vehicle management office to learn about the charges. There's nothing to lose.
The problem of car loan settlement in 500 yuan: It is unreasonable to pay car loan settlement in 500 yuan, and it should be rejected. Users don't need any fees to apply for a mortgage in a bank, but if they apply for a mortgage in a 4S store, a salesman may ask the user to charge a fee and say that they will handle the settlement procedures on their behalf (with the service fee as the gimmick). The process of settling in is very simple. Users can operate by themselves, without going through 4S stores, and the charge is unreasonable. Generally, there is no clear agreement in the contract. If it is mandatory to pay, they can directly refuse or complain. Everything is subject to the contents of the contract.
Legal basis: Article 470th of the Civil Code of People's Republic of China (PRC). The contents of the contract shall be agreed by the parties, and generally include the following clauses:
(1) The name and domicile of the party concerned;
(2) Subject matter;
(3) quantity;
(4) quality;
(5) Price or remuneration;
(6) Time limit, place and method of performance;
(7) Liability for breach of contract;
(8) Methods for resolving disputes.
The parties may conclude a contract by referring to the model texts of various contracts.
Article 490 of the Civil Code of People's Republic of China (PRC): If the parties conclude a contract in the form of a contract, the contract is concluded when the parties sign, seal or fingerprint it. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it.
A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.
Article 465 of the Civil Code of People's Republic of China (PRC) * * * Contracts established according to law shall be protected by law.
A legally established contract is legally binding only on the parties, except as otherwise provided by law.
Is there a charge for releasing the car loan after it has been repaid?
After the car loan is paid off, there is no charge for canceling the mortgage. After the car loan is paid off, you can apply for decompression registration at the vehicle management office where the vehicle is mortgaged with the identity certificate, motor vehicle registration certificate, master contract and mortgage contract signed by the owner and mortgagee according to law. It should be noted that: 1, the owner needs to be present when decompressing; 2. It is necessary to carry a reconciliation statement issued by the creditor. Letting a car go refers to the cancellation of the mortgage registration procedures of the mortgaged car at the vehicle management office, which means that the car can be traded freely after it is cancelled, because the car cannot be traded and transferred freely after it has a mortgage record.
What procedures do I need to go through after paying off my car loan?
After paying off the loan, you still need to do the following four steps to make the car completely yours.
1. After the car loan is paid off, you should call the bank to confirm that the loan has been paid off, and make an appointment to go to the bank to retrieve relevant information and apply for the car loan settlement certificate.
2. It is very important to cancel the mortgage registration at the DMV. Mortgage registration is to prevent you from buying and selling vehicles during the loan process, so your car will be marked as a mortgage car in the system of the vehicle management office. Only after we cancel the mortgage registration can we buy or sell the vehicle. Then we can get the big green book back.
3. Change the name of the insurance and change the beneficiary of the insurance to yourself. After we change the beneficiary to ourselves, in case of any accident in the future, the compensation amount can only be paid to our account.
4. Remove the GPS locator. Before taking out a loan to buy a car, the bank will install GPS in your car. Only by tearing it down can you guarantee your privacy.