There are many procedures that need to be handled after the car loan is paid off, as follows:

Go to the bank or the "car loan" company to handle the loan settlement certificate;

Bring back the original mortgaged vehicle registration certificate;

Go to the local vehicle management office to handle the mortgage cancellation procedures;

Go to the insurance company to change the beneficiary of auto insurance.

What procedures do I need to go through after paying off my car loan?

1. What procedures do I need to go through to repay the loan?

1. After the car loan is paid off, the mortgage cancellation registration is required. The borrower should go to the local vehicle management office to cancel the mortgage registration, and then get back the car property certificate, so that the car will truly belong to the owner. When handling the mortgage cancellation registration procedures, you must prepare the valid identity documents of the borrower, the applicant and the vehicle owner, the loan contract signed with the bank, the loan repayment card, the original motor vehicle registration certificate and other materials.

2. Legal basis: Article 394th of the Civil Code of People's Republic of China (PRC).

In order to ensure the performance of the debt, if the debtor or a third party mortgages the property to the creditor without transferring the possession of the property, if the debtor fails to perform the due debt or realize the mortgage according to the agreement of the parties, the creditor has the right to be compensated in priority for the property.

The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.

Article 395

The following properties that the debtor or a third party has the right to dispose of may be mortgaged:

(a) buildings and other land attachments;

(2) The right to use construction land;

(3) the right to use the sea area;

(4) Production equipment, raw materials, semi-finished products and products;

(5) Buildings, ships and aircraft under construction;

(6) means of transportation;

(seven) other property not prohibited by laws and administrative regulations.

The mortgagor may mortgage the property listed in the preceding paragraph together.

2. What are the procedures for buying a car with a loan?

The loan to buy a car needs to go through the following procedures:

1. The buyer needs to provide valid identity documents, and temporary id card can also provide them;

2. If you are married, you need to provide a copy of your marriage certificate and your spouse's ID card;

3, proof of residence, you need to provide proof of residence in the permanent residence, such as the electricity bill for the past 6 months, if you have real estate in the permanent residence, you need to provide real estate license;

4 proof of work and income, and provide proof of income stamped with the official seal of the work unit.

What do I need to do after the car loan is paid off?

1, get the car registration certificate; 2. Go through the formalities of understanding the charges; 3. Change the beneficiary of auto insurance.

Lenders can go to the local vehicle management office with ID card, car registration certificate, loan settlement certificate and other materials, explain to the staff that they want to cancel the car mortgage registration, and then fill out the Application Form for Motor Vehicle Mortgage Change as required, and then cancel it after approval.