What we did 1 after the loan repayment was completed was to go to the place where the loan was handled or the 4S shop to get back the Green Paper. It should be noted that you should take the Green Paper, don't take it and leave, and ask them to issue a "loan settlement certificate".
In the installment sale of automobile mortgage, the ownership of the automobile belongs to the buyer, but the automobile needs to be mortgaged as the seller's residual creditor's right. After you get the green copy, there will still be mortgage registration information on it. You can use it, you can sell it, but you can't. According to the provisions of Articles 17, 2 1 and 25 of the Measures for the Registration of Motor Vehicles in People's Republic of China (PRC), the registered mortgaged motor vehicles shall not be transferred to ownership and registered.
After paying off the loan, the car with the mortgage first gets the Green Paper, and then goes to the vehicle management office to go through the formalities of understanding the mortgage. But if you buy a car with a credit loan, the Green Paper is in your own hands and you don't need to do anything else. After the release, these cars will truly belong to us. We can not only use it for ourselves, but also sell it to anyone we want.
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
Potential borrower
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
deadline
The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 394 Where the debtor or a third party mortgages the property to the creditor to guarantee the performance of the debt without transferring the property, and the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the creditor has the right to be paid in priority for the property. The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.
Article 395 The following property that the debtor or a third party has the right to dispose of may be mortgaged:
(a) buildings and other land attachments;
(2) The right to use construction land;
(3) the right to use the sea area;
(4) Production equipment, raw materials, semi-finished products and products;
(5) Buildings, ships and aircraft under construction;
(6) means of transportation;
(seven) other property not prohibited by laws and administrative regulations. The mortgagor may mortgage the property listed in the preceding paragraph together.
Article 400 To establish a mortgage, the parties shall conclude a mortgage contract in writing. A mortgage contract generally includes the following clauses:
(1) The type and amount of secured creditor's rights;
(2) The time limit for the debtor to perform the debt;
(3) The name and quantity of the mortgaged property;
(4) the scope of the guarantee.
Article 419 During the limitation of action for principal creditor's rights, the mortgagee shall exercise the right of mortgage. If it does not exercise, the people's court will not protect it.