How to Handle Vehicle Mortgage Release Procedures?
2 Answers
Bring your ID card and vehicle registration certificate to the car dealership where you purchased the vehicle, and inform them that you want to process the vehicle mortgage release procedure. The dealership staff will verify whether the vehicle loan has been fully repaid. After verification, they will provide relevant materials and the Application Form for Vehicle Mortgage Registration and Pledge Record. After completing the Application Form for Vehicle Mortgage Registration and Pledge Record, take all the materials provided by the dealership to the Vehicle Management Office to process the mortgage release procedure. After the application is accepted, go to the certificate issuance window to have the certificate issued, which means printing the words 'Mortgage Released' and the release date on the vehicle registration certificate.
I just completed the vehicle mortgage release procedure, and looking back, it went quite smoothly. First, I had to confirm that the loan was fully repaid. I called the bank's customer service, and after they confirmed, they sent a loan settlement certificate and a mortgage release letter to my email. Then, I took some time to visit the local vehicle management office, bringing my ID card, the original vehicle registration certificate, and the driving license. After queuing up and getting a number, the staff checked the documents and helped process the mortgage release registration. The whole process took about half a day, with the key being to make an appointment in advance to avoid long queues. After completion, the mortgage mark on the driving license was removed, which felt refreshing, and it will be more convenient and hassle-free for future car sales or transfers. Remember to bring some cash just in case, as there might be a small handling fee, which varies by location.
