After paying off the car loan, the customer needs to go to the vehicle management office where the vehicle is registered to go through the formalities of dropping off the car. The vehicle release process is as follows:
1, get the motor vehicle registration certificate back. After the car loan is settled, the customer must go to the lending institution to retrieve the motor vehicle registration certificate. Without this certificate, the customer can't handle the car mortgage business. Customers can collect it themselves or ask the lending institution to mail it.
2. Require the lending institution to issue a loan settlement certificate. In some areas, vehicle management offices need customers to provide proof of car loan settlement when handling mortgage business, and customers can ask lending institutions to issue proof in case of emergency.
3. Take the relevant materials to the vehicle management office to understand. Materials to be provided for vehicle release include motor vehicle registration certificate, loan settlement certificate, owner's ID card, driving license, etc. Customers need to follow the notice of the local vehicle management office.
What customers need to pay attention to here is that customers don't have to bring good information to the vehicle management office to handle business. If the customer has no time, he can also issue a power of attorney to entrust others to help with the vehicle formalities.
4. The vehicle management office shall handle relevant business after sorting out the materials. Generally speaking, as long as there is no problem with the customer's information, the vehicle management office will complete the escort business on the same day, and the customer will wait patiently.
In addition, vehicle release can only be handled on weekdays, and the vehicle management office will not handle parking business on holidays. Customers need to arrange their time reasonably.
5. After the mortgage is lifted, the customer can ask the lending institution to dismantle the GPS. In order to protect their rights and interests, some lending institutions will install some positioning equipment on vehicles. After the customer pays off the loan and cancels the mortgage, he can ask the lending institution to take it down. Of course, not all lending institutions will do this. Customers can consult first.
How to cancel the mortgage after paying off the car loan? After the loan is paid off, the bank staff will notify the individual to apply for a loan. They only need to carry their personal identity cards, and then go to the vehicle management office with the bank staff to handle the vehicle loan release. The specific treatment is as follows:
1. About 10 working days after the deduction of the car loan in the last month, the bank informs the individual to go to the vehicle management office to go through the formalities with the bank staff.
2. Carrying documents: the exact procedures required to complete the mortgage cancellation. Including the specific application form for motor vehicle mortgage registration/pledge, the original and photocopy of the identity certificate of the motor vehicle owner and mortgagee, the motor vehicle registration certificate, and the relevant documents for canceling the motor vehicle mortgage after mediation, ruling and judgment by the people's court. Of course, the bank will prepare all the information, and individuals need to prepare their identity documents.
3. Carry the above information. Bank staff will take people to the vehicle management office to go through the mortgage registration cancellation procedures.
4. After arriving at the vehicle management office, go to the corresponding window to find the staff of the vehicle management office to handle the relevant cancellation procedures.
5. After the formalities are completed, complete the vehicle mortgage cancellation procedures.