First, get the motor vehicle registration certificate back.
Motor vehicle registration certificate is the legal proof of automobile ownership. All legal information and related tests will appear on the certificate. After paying off the car loan, you must get it back from the repayment bank or guarantee company in time to avoid any trouble in the future.
Second, lift the vehicle mortgage.
After taking out the loan, you can take the car away, but during the loan period, the ownership of the car belongs to the bank or loan company, and this information is filed in the vehicle management office. After paying off the loan, remember to take your motor vehicle registration certificate and other related materials to the vehicle management office to cancel the mortgage relationship, so that the vehicle will become your asset.
Third, change the beneficiary.
During the loan period, the first beneficiary of insurance is not the owner, but the bank or loan company. Remember to change the name of the beneficiary after paying off the loan. Otherwise, when you want to use insurance in the future, it will cause some unnecessary trouble. Lucky meow reminds you, don't forget to do these three things well after you try to repay the loan. At the same time, it should be noted that if the loan is made by a small financial company, it is likely that GPS will be installed in the car, because you are afraid that you will not find anyone in default. Remember to remove the GPS after paying off the loan.
Four, but there are exceptions to everything. If you buy a car with a credit loan, you really don't need to do anything after paying off the loan in this way. Because the credit loan is actually a car loan issued to us by the bank according to our personal credit information, and no mortgage is needed. After the down payment, the green paper of the car is directly in our own hands, and there is no mortgage registration information written on it. In essence, it is to borrow money from the bank, which has nothing to do with the car.
Then if we buy a car by mortgage, we need to go through the mortgage formalities when we pay off the loan. Mortgage means that when buying a car, the vehicle registration certificate (that is, the green copy) of the vehicle is mortgaged to the lending institution, but the car and driving license are still in their hands, so many people will mistakenly think that the money is enough. In fact, I have to go to the lending institution to cancel the mortgage and get the Green Paper back. It should be noted that you should take the Green Paper, don't take it and leave, and ask them to issue a "loan settlement certificate".