How long after the car loan is paid off can the vehicle be transferred?
1 Answers
The bank will release the mortgage and return the green title to the owner after the car loan is fully paid off. Then, the owner needs to take the green title to the vehicle management office to complete the mortgage release procedure. Required documents: 1. Original and photocopy of the vehicle owner's identity proof (for organizational vehicles, the original and photocopy of the organization code are required, and temporary residents also need to provide the original and photocopy of a valid residence permit); 2. Identity proof of the mortgagee (must be stamped with an official seal); 3. Power of attorney from the mortgagee (stamped with an official seal and verification seal); 4. If an agent is involved, the original and photocopy of the agent's identity proof and the power of attorney are also required; 5. Vehicle registration certificate; 6. Fill out the "Application Form for Mortgage Registration or Pledge Filing of Motor Vehicles". Procedure: Go to the comprehensive service window at the vehicle management service center hall to complete the process.