First of all, if the vehicle is mortgaged, it is impossible to transfer the vehicle. Then, after the vehicle loan is paid off, how to go through the formalities of vehicle release? For riders who have not gone through the mortgage cancellation procedures, it may be a bit at a loss. In fact, understanding the mortgage is very simple, just follow the following process.
1. The owner needs to bring his ID card (or local residence permit) and proof of repayment, and go to the bank staff to go through the mortgage formalities. 2. Bring information to the vehicle management office for mortgage registration cancellation procedures. 3. The staff of the vehicle management office do not need to go through the relevant cancellation procedures when handling the vehicle release procedures. After the vehicle is released for the record, you can go through the transfer procedures for used cars.