How long does it take to get the green book after the car loan is paid off?
3 Answers
After the car loan is fully paid off, it usually takes about 10 to 20 days to get the green book. Here is some relevant information about the green book: 1. Concept: The 'Motor Vehicle Registration Certificate' is the household registration book of the vehicle, commonly known as the 'green book'. 2. Not required to be carried in the vehicle: The Motor Vehicle Registration Certificate is the legal proof of vehicle ownership and is kept by the vehicle owner, not carried in the vehicle. When handling any vehicle registration procedures such as transfer or change of ownership, the vehicle registration certificate must be presented, and relevant vehicle information will be recorded on it. It is equivalent to the 'household registration book' of the vehicle. If you need to buy a car with an installment loan, the Motor Vehicle Registration Certificate must be mortgaged. During the mortgage period, the green book is kept by the vehicle management office on your behalf. After the mortgage is released, it is kept by the vehicle owner and does not need to be carried in the vehicle.
Last time I took out a car loan, after paying it off, I received a notification letter from the bank in about two weeks. I had to bring my ID card, vehicle documents, and that letter to the local DMV to process the lien release. The whole thing was pretty quick—I got the title the same day. I’ve heard some people waited a month, which depends on the lender’s processing speed and mailing efficiency. Some delays happen due to wrong addresses or the lender being busy, so I’d recommend proactively calling to check the status after paying off the loan. Once you get the title, you’re much freer—you can sell or transfer the car anytime. If it drags on, future transactions might hit a snag. Regular follow-ups can avoid these issues—don’t just wait around.
As a seasoned car owner with years of driving experience, don't just sit back and wait for the vehicle title (green book) to arrive after paying off your car loan. Banks or lending institutions typically mail the loan clearance documents within 1-3 weeks, after which you'll need to personally visit the DMV (Department of Motor Vehicles) to complete the lien release procedure. Delays can occur due to lost mail or institutional processing lags—I once had a friend who faced a delay of over half a month due to an address change. Upon receiving the green book, make sure to verify that all vehicle certificate information is accurate to avoid future issues during ownership transfer. Remember, failing to promptly complete the lien release can lead to unclear vehicle ownership, causing significant hassles when selling the car. So, it's best to gather all required documents and act early—don't skimp on that little bit of time.
