1. Go to the loan bank or financial institution to show your settlement certificate, and then the motor vehicle registration certificate

will confirm whether you have settled the loan. If you have settled the loan, you can take my ID card, driver's license and repayment details to the 4S shop to get back your motor vehicle registration certificate, that is, the big green book, the car purchase invoice and your original insurance. Don't forget to decompress the contract and apply for settlement at the same time.

There is also a repayment card for bank loans, which is usually a credit card. After the car loan is repaid, you can cancel this card by the way.

2: Go to the vehicle management office to release your own vehicle mortgage status

When going to the vehicle management office to release the vehicle mortgage status, you need to bring the motor vehicle registration certificate, the loan repayment certificate issued by the loan structure, the code of the lender's organization, the application form for the modification of the motor vehicle mortgage, the power of attorney, the identity card of the motor vehicle owner and other materials, and then you can go through the vehicle decompression procedure. This is very simple.

3: Remember to go to the insurance company to change the first beneficiary

Generally, the first beneficiary of auto insurance is the lending institution. Of course, we will change the first beneficiary to ourselves as soon as the loan is paid off.

4: Dismantle GPS

Regarding GPS, some loan vehicles will install it, while others are not installed at all, and some vehicles are equipped with GPS without the owner's knowledge, so after paying off the loan, you should find out whether it is installed or not. If it is installed, you can go to the 4S shop and remove the GPS positioning device.

At present, there are many ways to borrow money to buy a car, including factory finance, banks, financial institutions, credit cards, flower shops, etc., so some friends have their own green books and car purchase invoices, and the beneficiaries of auto insurance are themselves. The key depends on how to choose the loan method, and the procedures are different with different loan methods.

conclusion: it is very common to buy a car by loan. After paying off the car loan, you need to check the ownership of the car and go through various procedures.