There is no time limit for a car to cancel the mortgage, as long as the owner brings relevant certification materials to the local vehicle management office to apply for cancellation of the mortgage. And you don't need to pay in the process of understanding the mortgage procedures.

The owner must first find the bank or auto financing company that originally handled the auto loan to go through the formalities of paying off the auto loan, and then get the loan settlement certificate of the lending institution, the motor vehicle registration certificate, the organization of the lending institution, the vehicle purchase invoice and the purchase tax invoice. Then the owner will go to the local vehicle management office to apply for vehicle release.

1. The owner should bring his valid ID, loan repayment certificate, motor vehicle registration certificate and other supporting materials to the local vehicle management office to apply for vehicle release.

2. The owner fills in the Application Form for Motor Vehicle Mortgage/Cancellation of Mortgage Registration, and submits other required materials to the staff for review and handling.

3. After the staff completes the formalities, the mortgage will be released on the motor vehicle registration certificate, and the owner can keep the green copy by himself.

legal ground

Article 403 of the Civil Code of People's Republic of China (PRC) * * * chattel is mortgaged, and the mortgage right is established when the mortgage contract comes into effect; Without registration, you may not be able to fight well-intentioned third parties.

Article 404 of the Civil Code of People's Republic of China (PRC) * * * If the chattel mortgage has no recourse, it shall not be against the buyer who pays a reasonable price to obtain the collateral in the normal business activities.

Article 408 of the Civil Code of People's Republic of China (PRC) * * * If the mortgage protects the mortgagor's behavior enough to reduce the value of the mortgaged property, the mortgagee has the right to request the mortgagor to stop his behavior; If the value of the collateral decreases, the mortgagee has the right to demand the restoration of the value of the collateral or provide a guarantee corresponding to the decreased value. If the mortgagor fails to restore the value of the collateral or provide guarantee, the mortgagee has the right to demand the debtor to pay off the debt in advance.