The process of releasing the mortgage is as follows:
1. After the last monthly payment of the car loan is deducted, your mortgage formalities can be retrieved from the bank that handles the car installment payment in about 1 working days. The bank's credit card car is divided into stages. It is best to call the bank's customer service phone in advance to inquire whether it has been settled completely. The customer service phone can be found on the back of the repayment card.
2. To get the motor vehicle registration certificate, you must take it with your ID card. Other possible procedures include: motor vehicle driving license, bank repayment details, etc.
3. After obtaining the registration certificate, the next step is to go through the formalities of canceling the vehicle mortgage at the local municipal vehicle management office. The materials that need to be brought together include: the motor vehicle registration certificate, the loan settlement certificate issued by the lending institution, the organization code certificate of the lender, the Application Form for Motor Vehicle Mortgage Registration/Pledge Filing, the power of attorney and the ID card of the motor vehicle owner.
4. after going to the vehicle management office to handle the lobby, you can go to the corresponding service window to handle it.
:
1. How much does it cost to decompress the loan car?
There is no charge for the car to be released. When we encounter 4s shops charging the car to be released for various reasons, we can negotiate with them first. If it is really not possible, you can make a complaint by calling the 12315 complaint hotline. If you encounter a 4s shop that is asking for exorbitant prices, alarm handling is the most appropriate. Moreover, in 213, the state clearly stipulated that "the motor vehicle mortgage registration fee includes the application for mortgage registration fee and the application for cancellation of mortgage registration fee, and the applicant shall not be charged another cancellation fee". Therefore, it is not in compliance with laws and regulations to charge the lender for the release of custody.
2. How to handle the mortgage release procedures:
It is mainly divided into the following steps:
1. After we repay the loan, we can go to the bank to retrieve our relevant documents, and then the bank will issue us a "loan settlement certificate";
2. With this loan settlement certificate, you can go to the vehicle management office where the vehicle is registered to go through the formalities of releasing the car. It should be noted that the DMV is only open on weekdays and closed on weekends. Therefore, it is best to make an appointment online before going to avoid running empty;
3. After all the materials are submitted on the same day, it will take about seven days to get the big green book, and the vehicle will be truly owned by us when we get the big green book.