It takes 7 to 15 days to get the green book in advance and pay off the car loan. After the car loan is repaid, the bank will issue a loan settlement certificate, which the vehicle management office will use to understand the mortgage procedures. After the vehicle management office completes the processing, the registration column on the vehicle registration certificate will indicate that the mortgage has been released and the vehicle belongs to the owner.

A car loan can be repaid in advance in one lump sum, but before repaying it in advance, you must first apply to the lending institution. Moreover, if the terms of the car loan state that you can pay off the loan early at any time, then that's fine. If the clause states that early repayment or related agreements cannot be signed, it can only be handled according to the agreement.

Materials that need to be prepared before repaying a car loan in advance: applicant’s ID card, loan contract signed with the bank, loan application form filled in at the bank, last month’s repayment slip, early repayment agreement and other bank regulations material.

The green book is the motor vehicle registration certificate and the legal certificate of vehicle ownership. It is kept by the vehicle owner and is not carried with the vehicle. The information column of the motor vehicle registration certificate clearly displays the model, brand, frame number, engine number, imported or domestic, fuel type, displacement, manufacturer, wheelbase, wheel base, tire size, vehicle purchase method, nature of use, and date of manufacture. and the date of issuance, as well as the official seal of the issuing authority. The secondary page shows whether there has been any mortgage, the number of mortgages, transfers, and the number of transfers.

One million car purchase subsidies