Do I Need to Contact the 4S Store After Paying Off My Car Loan?
1 Answers
After paying off your car loan, it is not necessary to contact the 4S store. It depends on where the loan was applied for, and you need to find the institution that issued the loan. Once you locate the lending institution, obtain a loan clearance certificate. Take this certificate to the vehicle management office to complete the vehicle lien release registration. Only after the lien is released does the purchased vehicle fully belong to the borrower. The process for releasing the mortgage contract is as follows: 1. Inquire about the repayment status to confirm that all payments have been made; 2. Bring your ID card, vehicle registration certificate, bank repayment details, etc., to collect the vehicle registration certificate; 3. Go to the local municipal vehicle management office to complete the vehicle lien release procedures; 4. Change the primary beneficiary of the car insurance.