1. What procedures do I need to go through after paying off the car loan?
1. Obtain car registration certificate: After paying off the car loan, the lender needs to hold his ID card, driving license, repayment details, etc. If you apply for a car loan from a finance company, you should go to the car 4S shop to get back the car registration certificate. If you apply for a car loan in a bank, you can go to the mortgage bank to get your car registration certificate back.
2. Handling mortgage procedures: The lender can bring ID card, automobile registration certificate, loan settlement certificate and other materials to the local vehicle management office, explain to the staff that the automobile mortgage registration should be cancelled, and then fill in the Application Form for Motor Vehicle Mortgage Change as required, and cancel after passing the examination.
3. Change the beneficiary of auto insurance: Generally speaking, the first beneficiary of buying auto insurance is the lending institution. After paying off the car loan, the lender will change the beneficiary at the business outlet of the insurance company with the loan settlement certificate and ID card, and change the first beneficiary of insurance to himself.
Second, the car loan process needs seven steps.
1. First of all, consumers go to various car dealers to choose their favorite models and work with dealers to determine the car price.
2. Determine the loan type. The main types of auto loans in the market are bank auto loans, credit card installment loans and auto finance company loans.
3. Submit information. When consumers apply for auto loans from banks or auto financing companies, they need to submit materials to the banks or auto financing companies, including purchase intention contract (car booking contract), loan application form, identity certificate (ID card and household registration book of themselves and their spouses), income certificate, real estate license, marriage certificate and related materials to provide guarantee.
4. Investigation and approval before the loan. Banks and auto financing companies will investigate the credit status of consumers after accepting loan applications.
5. issue loans. After the application takes effect, the bank will directly transfer the loan to the car dealer's account.
6. Go through the formalities of picking up the car. Consumers shall go through the formalities of car pick-up with the car pick-up slip issued by the bank and carry out the number plate.
7. After the consumer picks up the car, he will repay it on time. Consumers should pay attention to the repayment time every month. If they fail to repay after the deadline, they will bear a high late fee.
Finally, everyone must actively repay the loan. In order to ensure their credit problems and normal car use, they must not be overdue.