A mortgage car is a vehicle purchased through a loan, so it must be repaid in accordance with the loan agreement. It is impossible to have full ownership of the vehicle before the loan is paid off. Only after paying off the loan can you fully own the car.

Therefore, after the loan is paid off, you need to go to the vehicle management office to handle the loan decompression procedures. The vehicle management office verifies the repayment, confirms that the loan has been paid off, and then goes through the decompression procedures. After the decompression process is completed, the Great Green Paper will stop the mortgage and return it to the car buyer.

After the vehicle decompression procedure is completed, the insurance beneficiary needs to change. Change the insurance beneficiary to the car buyer himself, so that no matter what happens to the car, it has nothing to do with insurance, lending institutions and 4S shops.