With the continuous improvement of people's living standards, buying a car has become a common thing. However, due to the economic conditions, many people can't pay off the car payment at one time, so they will choose to buy a car with a mortgage loan. When our car is repaid, we have to go to the vehicle management office to go through the formalities for cancelling the mortgage, so how?
We go to the withholding bank to check whether the repayment time is full, and then take our ID card and motor vehicle registration certificate to the car 4S store to inform them that you want to go through the car release formalities.
The relevant handling personnel of 4S store will verify whether your car payment is paid off. After verification, they will give you relevant materials: personal car loan settlement certificate, power of attorney entrusted to you, copy of business license (copy) of automobile company, and application form for motor vehicle mortgage registration / pledge filing.
After filling in the 'application form for motor vehicle mortgage registration / pledge filing', take all the materials issued to you by 4S store, the original and copy of your ID card (if you need to entrust others to handle it, you should also take the original and copy of the entrusted person's ID card), the original of motor vehicle registration certificate, and go to the vehicle management office where your car is registered to handle the release procedures.
When going through the formalities, first go to the acceptance window to submit all materials. After acceptance, you will be prompted to go to the certificate preparation window to prepare the certificate, that is, print the words' release of mortgage 'and the release time on your motor vehicle registration certificate. The formalities will be finished soon.
Warm tip: don't forget to line up or draw numbers after you go to the vehicle management office. Because there are a lot of people handling business, it may take longer if you don't line up or draw numbers in advance. I've been waiting for a long time when I go through the mortgage release procedures.
At present, the automobile mortgage loan is mainly used for automobile consumption. After the automobile loan is paid off, you can go to the relevant parts to cancel the mortgage procedures and transfer the vehicle to your own name. The specific prepared materials include:
1. Application form for motor vehicle mortgage registration / pledge filing;
2. Identity certificates and copies of the motor vehicle owner and mortgagee;
3. Motor vehicle registration certificate;
4. If the mortgage is terminated by mediation, ruling or judgment of the people's court, the motor vehicle owner or mortgagee shall also submit the effective mediation statement, ruling or judgment issued by the people's court and the corresponding notice of assistance in execution;
5. If the agent is the entrusted agent (or the staff of the unit), the power of attorney for motor vehicle business and the identity certificate of the agent (or the entrusted person) and its copy shall also be submitted.