Why should car loans provide bank flow?

Although both the income certificate and the bank's running water can reflect the lender's repayment ability, the income certificate can only play an auxiliary role and cannot truly and effectively reflect the cardholder's real monthly income. The income certificate can be forged. Therefore, when issuing loans, banks generally require borrowers to provide bank running water. Banks can analyze and judge the lender's repayment ability from the monthly fixed income and other income and expenditure in their bank cards. Generally, it is necessary to provide a running account of a bank card for 3-6 months under the name of an individual as the basis.

Bank flow refers to the deposit and withdrawal transaction records of bank current accounts (including current passbook and bank card). According to the nature of the account, it is divided into personal running water and enterprise running water. Bank running water is a kind of proof material to prove the income of individuals or companies, and it is also a necessary material to apply for loans from banks.

There are three things to do after paying off the car loan:

The first thing: do the business of understanding mortgage.

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.

Item 2: Change of beneficiary.

When banks or car loan institutions borrow money to buy a car, in order to avoid risks, they often fill in the beneficiaries of auto insurance as the corresponding banks or car loan institutions. If the car loan is paid off without changing the beneficiary of the car insurance to the owner himself, the owner himself will not get insurance compensation, so it is necessary to change the beneficiary of the car insurance.

Third: Dismantle the GPS positioning device.

In order to minimize the risk, vehicles, banks or car loan institutions that borrow money to buy cars generally install GPS equipment. Many car owners don't know this, but after paying off the car loan, it is best to drive the car to the 4s shop for inspection and dismantle 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. After completing the procedures of car loan settlement, change of auto insurance beneficiary and removal of GPS device, you can drive your own car with peace of mind. If you think that the car you have borrowed for several years is enough, you plan to sell it or transfer it to others and buy another one.