Is it enough to get the big green book after the car is released from the mortgage?
1 Answers
After getting the big green book when the car is released from the mortgage, the following procedures still need to be completed: Apply for mortgage release: After the car loan is paid off, even if the vehicle registration certificate is retrieved, the car owner still needs to go to the corresponding vehicle management department to apply for the release of the vehicle's mortgage. For vehicles purchased through mortgages, there are still mortgage procedures at the vehicle registration department. Without completing the mortgage release procedures at the vehicle management department, the vehicle cannot be transferred later. Remove GPS device: As a mortgage lending institution, a GPS device will be installed on the vehicle to monitor its usage and prevent the loss of the vehicle without car loan protection. After the car loan is paid off and the vehicle's green book is obtained, the car owner still needs to contact the lending institution to remove the GPS device from the vehicle.