Is gps released automatically after the car loan is paid off?

No, after the car loan is paid off, you need to go through the mortgage cancellation procedures, and you can ask the lending institution to cancel GPS.

After paying off the car loan:

1. Mortgage cancellation procedure:

Vehicles need to be mortgaged in installments. Vehicle mortgage refers to the mortgage of vehicles purchased by individuals or companies to vehicle lenders. During the mortgage period, vehicles shall not be bought, sold or transferred. After the car loan is paid off, the lender will contact the owner directly to confirm the mailing address. The main materials mailed are repayment voucher, organization code certificate, vehicle release authorization, motor vehicle mortgage registration, pledge filing application and registration certificate, bank loan and loan contract. After receiving the above information, you need to bring your personal identity certificate and a copy to the vehicle management office for release.

2. remove the GPS:

Now many commercial banks will no longer install GPS for phased vehicles, and they are basically small financial loan companies, so there are two ways to get rid of GPS. The first is to find the lender, that is, the bank or financial company that handles the installment, and let them dismantle the GPS, because they are obliged to dismantle the GPS after the payment is settled. The second disassembly method is self-disassembly, because the GPS installed now is public, which means that we can see it directly when installing the GPS, and we all know the location where the GPS is installed. We only need to find an automobile decoration shop to disassemble the GPS.

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