How long does it take to get the certificate after FAW Leasing is settled?
3 Answers
When the lease is settled, you can get the certificate. The following is a related introduction about FAW Leasing: Introduction: FAW Leasing is a new way to purchase a car. With this method, the use right and ownership of the car are separated. Only after the loan is fully repaid can the lessor transfer the ownership to the lessee. In other words, when purchasing a car through FAW Leasing, the vehicle can fully belong to the owner only after the lessor repays the loan and completes the transfer. Advantages: The loan method is flexible, and the leasing period is relatively long; the threshold is low, and not many proof materials are required. Disadvantages: The interest is higher than that of general installment car purchases; there are many hidden traps in the business process, posing certain risks; during the leasing period, the ownership of the vehicle belongs to the leasing company, and the leasing company can reclaim the vehicle at any time.
When I just paid off my FAW Leasing loan, I was also eager to get the vehicle registration certificate. Generally, you can receive the certificate within 3 to 7 business days after full repayment, which includes their internal processing time for releasing the lien documents and mailing. I remember last time I did this, I got it in 4 days, but sometimes delays can stretch to 10 days if the institution is busy or documents get held up. Many factors affect the speed, like FAW's workload, whether your contact information is correct, and whether they use express or regular mail. I recommend calling their customer service immediately after repayment to confirm the progress—don't just wait passively. Once you get the certificate, check the details promptly to avoid errors that might affect future car sales or insurance. The whole process requires patience, but staying proactive makes it smoother.
Last month, I helped a friend with this matter. After he paid off FAW Leasing, it took him 5 days to get the certificate. Experience tells me that the time varies from person to person: if the documents are complete and error-free, it usually takes less than a week; but if there are holidays in between or a backlog of cases at the institution, it may take a bit longer. Remember to remind FAW customer service to initiate the process after the repayment is completed. If there is a delay, don't hesitate to go to the local DMV to inquire about expediting. After getting the certificate, don't forget to check the vehicle information to prevent any tampering. Communication is crucial at this stage. Don't be like me last time, waiting foolishly for two weeks only to find out there was a mailing mistake—that was really annoying.
