How to Retrieve the Green Book After Completing Car Financing?
2 Answers
Check with your bank to confirm whether your loan has been fully repaid. Once the loan is settled, you can directly collect the relevant documents from the bank, and the bank will issue a loan clearance certificate. Bring the certificate to the vehicle management office at the municipal level or above to retrieve the vehicle registration certificate. The loan clearance certificate is a crucial document for reclaiming the green book and should be kept safely. Finally, take the green book to complete the mortgage release procedures.
I've gone through the process of retrieving the vehicle title after paying off the loan several times, and it usually follows these steps. First, immediately contact the bank or lending company after confirming the loan is fully repaid to obtain the loan clearance certificate and release authorization letter - these documents are crucial. Last time it took me 3 days to get them, as the other party sometimes drags their feet. Second, bring your ID card, vehicle license, and clearance certificate to the local DMV to complete the release procedures - just fill out an application form, and it can be done in half a day if there aren't many people in line. Third, you can either get the title on the spot or have it mailed to your home - remember to verify if the registered information is correct. The whole process isn't difficult, but be careful not to go through intermediary agents to save money and stay safe. I personally organize all the documents at home to save time, and I always remind my buddies to check if there are any bundled issues with the vehicle insurance to avoid future troubles.
