1. After paying off the car loan, the procedures to be handled are as follows:

(1) After paying off the last car loan, contact the loan bank in time, handle the loan settlement certificate, and get back the vehicle registration certificate and the car purchase invoice mortgaged at the bank;

(2) Take all relevant materials and go to the local vehicle management office to learn about the mortgage procedures. After the formalities are completed, the ownership of the vehicle really returns to our hands;

(3) Dismantle the GPS positioning device installed by the lender on the vehicle;

(4) Go to the insurance company to change the insurance beneficiary, because the vehicle has been mortgaged, and although the name of the insurance is its own, the beneficiary is the lender.

2. Legal basis: Article 34 of People's Republic of China (PRC) Commercial Bank Law.

According to the needs of national economic and social development, commercial banks carry out loan business under the guidance of national industrial policies.

Article 35

Commercial banks should strictly examine the borrower's loan purpose, repayment ability and repayment method.

Commercial bank loans shall be subject to the system of separating loan review from grading approval.

Second, what are the conditions for buying a car with a loan?

1, with valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.