1. Get the vehicle registration certificate back. Buying a car by stages means putting the vehicle as collateral in a banking institution to apply for a loan. Therefore, after the car loan is paid off, the first thing to do is to get back your motor vehicle registration certificate and loan settlement certificate from the bank, such as the bank's automobile mortgage contract and automobile mortgage repayment certificate. It is best to call the customer service phone of the bank or institution in advance to ask clearly, so as to avoid a trip in vain.
2. The next step to get the motor vehicle registration certificate and loan settlement certificate is to go to the vehicle management office to get the motor vehicle mortgage cancellation registration, fill out the Application Form for Motor Vehicle Mortgage Cancellation Registration in the corresponding window, and then submit the prepared materials, so that the motor vehicle mortgage cancellation registration can be processed. The registered bank no longer owns the vehicle, but belongs to the owner.
3. The last step is to change the first beneficiary of auto insurance. Previously, limited by the conditions offered by the lending institutions, the first beneficiary of buying auto insurance was sometimes the lending institution, so don't forget to change the first beneficiary of insurance to yourself after you settle all the car loans. You must remember this step, and don't get lost in the procedure of how to apply for a car loan.
Extended data:
Automobile consumption credit car purchase instructions
(1) Method of car purchase: the customer pays no less than ×% of the car price in advance, applies to the bank for a special fund loan with the longest term not exceeding × years, and the dealer provides loan guarantee.
(2) Conditions of the loan buyer: 1. Urban hukou and permanent residence in XX District, XX City. 2.25 ~ 60 years old natural person. 3. Pledge, mortgage or third-party guarantee recognized by the lender can be provided. 4 have a stable occupation and income, and have the ability to repay the principal and interest of the car on schedule. 5. Willing to accept other conditions deemed necessary by the lender.
(3) Information to be provided by the loan buyer: 1. My id card. Household registration book 3. Driver's license 4. Housing 5. Two recent one-inch photos. Income and labor certificate. 7. Parking permit. Note: 1. The original and three sets of copies are required. 2.*** The same buyer and guarantor shall also provide 1, 2, 4 and 6 in the buyer's information.
(4) Operation process: go to all distribution points and consultation outlets for consultation; Submit the information provided to the dealer for preliminary examination; Select a car model and sign a contract with the dealer & gt；; The down payment shall be deposited in the designated account and submitted to the bank (application for automobile consumption loan); News & gt stipulates that the loan principal and interest should be directly returned to the bank on schedule; The dealer handles the vehicle entrance formalities and delivers the vehicle; Handle insurance, mortgage registration, notarization and other procedures; The bank accepts, approves and signs the loan contract.
(5) Other matters: 1. Vehicle insurance is handled by the designated insurance company, and the necessary types of insurance include: car damage insurance, third party liability insurance, emergency rescue of funds, deductible insurance, credit insurance or guarantee insurance for installment purchase. 2. The notarization fee shall be borne by the buyer and the seller in half.
3. Car buyers still need to pay the guarantee fee in one lump sum according to the loan term. The rate standard is based on the loan amount, one year 1%, two years 2% and three years 3%. 4. One-stop service is implemented, but all the expenses for handling the vehicle entrance are borne by the car buyers, and users still have to pay the agency service fee of RMB per car. < > users need to handle it themselves.
References:
Baidu encyclopedia-automobile loan