How do you manage the car release process when you've been successful in paying for it? This is what you have to do. Let's see how this works。

What happens when the car loan is repaid

First, it is the process of settlement of loans. After you have cleared the car loan, you have to bring your identification card, your bank card, etc., to the bank where you handle the car loan, or to the Internet. There, you need to find the service window staff to help you complete the loan settlement process, apply for and obtain a certificate of settlement, and then get your motor vehicle registration certificate back。

Next, it's time for the vehicle to be released. When you have the loan clearance certificate and the motor vehicle registration certificate, you can go to the vehicle management office where you are located with the relevant documents, such as your identification card, your driving pass, etc. All you have to do is find the staff at the counter, hand over the relevant documents and apply for the removal of the car register。

With regard to the release procedure, there is actually no clear time limit, which means that you can do this at any time after your car has been cleared. If you do not have time to do so for the time being, there will be no problem with the delay, provided that your relevant documents are properly secured。

AS FOR THE CAR LOAN SETTLEMENT PROCEDURE, FIRST OF ALL, YOU HAVE TO BE SURE THAT YOU HAVE SUCCESSFULLY PAID OFF THE LOAN. AFTER THAT, WITH THE RELEVANT DOCUMENTS, SUCH AS IDENTIFICATION CARDS, DRIVER ' S PERMITS, REPAYMENT DETAILS, YOU WENT TO SHOP 4S TO RETRIEVE YOUR MOTOR VEHICLE REGISTRATION CARD, CAR PURCHASE INVOICES, ORIGINAL VEHICLE INSURANCE AND THE CONTRACT OF NON-ARRANGEMENT. THEN YOU NEED TO GO TO YOUR LOAN BANK OR OTHER FINANCIAL INSTITUTION AND SHOW YOUR CORRESPONDING DOCUMENTS, THEN APPLY FOR A CAR LOAN CLEARANCE CERTIFICATE AND CANCEL YOUR REPAYMENT CARD. FINALLY, THE DIRECTING VEHICLE MANAGEMENT OFFICE IS REQUIRED TO DE-ALIGN THE VEHICLE AND TO TAKE WITH IT SUCH MATERIALS AS YOUR MOTOR VEHICLE REGISTRATION CERTIFICATE, LOAN SETTLEMENT CERTIFICATE FROM THE LOAN INSTITUTION, CERTIFICATE OF CODE FROM THE LENDER ' S ORGANIZATION, MOTOR VEHICLE SECURITY TRANSFER REQUEST FORM, POWER OF ATTORNEY AND IDENTIFICATION CARD OF THE OWNER OF THE VEHICLE。