1. What procedures need to be done when the car loan expires

After the car loan expires, you need to go to the lending institution to handle the mortgage release procedures. After completing the mortgage release, you should go to the vehicle management office with the loan repayment certificate and other procedures. The motor vehicle registration certificate can be retrieved after submitting the procedures to the vehicle management office. In addition, the beneficiary of the car insurance should also be changed. 1. Cancellation of mortgage: When applying for a car loan, the vehicle registration certificate of the car is mortgaged with the bank. After the loan is paid off and the mortgage is cancelled, the car can be owned by the owner. The car owner needs to prepare the original ID card, loan contract, loan repayment bank card, and original motor vehicle registration certificate. Then bring the relevant materials to the vehicle management office to go through the mortgage cancellation registration procedures. After successful application, you can get back the car title certificate. 2. Change the beneficiary of auto insurance: When applying for auto insurance, the beneficiary is usually the lending institution. Therefore, after the car loan is paid off, the beneficiary of the car insurance needs to be changed to the car owner himself. : 1. What are the conditions for buying a car with a loan? 1. Have a valid identity certificate and have full capacity for civil conduct; 2. Be able to provide proof of a fixed and detailed address; 3. Have a stable career and the ability to repay the principal and interest of the loan on time; 4. Good personal social credit; 5. Hold a car purchase contract or agreement recognized by the lender; 6. Other conditions stipulated by the cooperative agency. 2. What is the process of buying a car with a loan? 1. Invite the customer to choose a car at a bank's authorized dealer and sign a car purchase agreement or contract; 2. The borrower applies for a personal car mortgage loan from the lending bank; 3. Sign the contract after investigation and approval Contract; 4. Go through car notarization, mortgage and other procedures; 5. The lender (bank) handles the loan; 6. After the loan is repaid, the lender (bank) cancels the pledge certificate and returns it to the customer. 3. What information does the loan to buy a car include? 1. Original ID card, household registration booklet or other valid residence certificate, and provide a copy of it; 2. Proof of occupation and economic income; 3. Car purchase agreement, contract or signed with the dealer Letter of intent to purchase a car; 4. Other documents required by the cooperative agency. 4. Which is the most cost-effective way to buy a car with a loan? 1. Buy a car with a credit card loan. The advantage of buying a car with a credit card loan is that it is fast, simple and has a low threshold. Credit card loan procedures are relatively simple, and the review process is much lower than that of banks. Many credit card products have interest-free periods. Car buyers do not have to pay interest if they repay the monthly bill in full on time. However, you need to be reminded at this time that the interest-free period and handling fees are two different charges. When applying for installment, although the bank does not charge interest, it will charge a certain handling fee. The handling fee varies according to the number of installments of the bill, and the interest rates and charging methods of each bank also vary. 2. Bank loan to buy a car. The down payment of a bank loan can be reduced to as low as 20%, so it is the choice of most prospective car owners who want to buy a car with a bank loan. In addition, the loan amount that can be applied for by the bank is large, the interest rate is low, and the repayment period is long. The most important point is that banks can apply for car loans regardless of car model or car dealer, which greatly increases the choice of car loan buyers. There are many benefits, but it is not easy to get approved. Not to mention that it takes a lot of materials to prepare, but the most terrible thing is that after you spend most of the day going through the process, the bank tells you: "I'm sorry, you don't meet the regulations."

2. What to do after the car loan expires?

Yes, and the car owner must go in person. The process is as follows: 1. After the loan is repaid, go to the bank to get the vehicle registration certificate. The bank needs to provide the bank's organization code certificate (with official seal) and a power of attorney. The content of the power of attorney is to authorize the car owner to bring the registration certificate to handle the mortgage cancellation business ( Stamped with official seal). 2. The car owner takes the above three documents to the vehicle management office to apply for the mortgage release business. After the process, the registration certificate will indicate "release of mortgage" in the registration column. The registration bank no longer owns the vehicle, and it officially belongs to the owner.

Extended information: Loan amount: The maximum loan amount generally does not exceed 80% of the selling price of the purchased car. Loan term: The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. Loan interest rate: uniformly stipulated by the People's Bank of China. Loan repayment method: You can choose the one-time principal and interest repayment method or the installment repayment method (equal principal and interest, equal principal). The car finance or guarantee company is what this article refers to - a third party with sufficient repayment capacity acts as a guarantor to repay the principal and interest of the loan and assumes joint liability. Application conditions: (1) The car buyer must be over 18 years old and a Chinese citizen with full capacity for civil conduct.

3. My car was paid for in installments and it is now due. How to go through the mortgage procedures?

After the loan is paid off, the mortgage release procedures should be completed as soon as possible.

1. After the last monthly payment of the car loan is deducted, your mortgage can be retrieved from the bank that handles car installment payments in about 10 working days. For the bank's credit card car installment, it is best to call the bank's customer service number in advance to inquire whether it has been fully settled. The customer service number can be found on the back of the repayment card. For car loans processed at a financial company, you can call the customer service hotline of the financial company to which you are affiliated, or go to the car dealer for consultation.

2. To receive the motor vehicle registration certificate, you must obtain it in person with your ID card. Other procedures that may be used include: motor vehicle driving license, bank repayment details, etc. Where can I get my Motor Vehicle Registration Certificate back? Please refer to "The car loan has expired, where can I get my motor vehicle registration certificate back?"

3. After obtaining the registration certificate, the next step is to go to the local municipal vehicle management office to handle the procedures for releasing the vehicle mortgage. The documents that need to be brought include: motor vehicle registration certificate and loan issued by the lending institution. Settlement certificate, the lender’s organizational code certificate, the “Motor Vehicle Mortgage Registration/Pledge Filing Application Form”, the power of attorney, and the motor vehicle owner’s ID card. These information will be given to us by the financial institution that handles the car loan when handing over the registration certificate.

4. After arriving at the vehicle administration hall, go to the corresponding service window to apply.