Is the Invoice for a Financed Vehicle Given to the Owner?

[MacEliana]

Generally, the invoice for a financed vehicle is held by the bank. Once the loan is fully repaid, the owner can go through the release of mortgage process, after which the invoice and other documents will be returned to the owner. Below are the details: Vehicle Invoice: After the payment is made to the 4S store as required, the 4S store will issue the motor vehicle invoice to the customer. The invoice consists of six copies, with the first, third, and fourth copies given to the customer. Procedure Introduction: After completing the above procedures for installment car purchase, the vehicle needs to be mortgaged. The vehicle registration certificate (green book), vehicle invoice, insurance policy, driving license, ID card, and household registration booklet must be submitted to the bank. After the mortgage is processed, the bank will return the driving license, ID card, household registration booklet, and compulsory insurance policy. Once the loan is fully repaid, the owner can go through the release of mortgage process, and the invoice and other documents will be returned.

[McJayla]

When financing a car purchase, the invoice is usually given to the car owner. I once bought a car with a loan, and the salesperson told me that the invoice must be given to me personally because it is needed for license plate registration, tax payment, and insurance processing. Although the bank holds the vehicle as collateral, the original invoice serves as proof of my ownership and is required for inspections or selling the car. However, the bank may request a copy for their records. If the invoice is lost, reissuing it can be quite troublesome, requiring contact with the dealer and tax authorities. I find this arrangement reasonable as it ensures the owner has documentation to protect their rights, but it's also important to store the invoice properly to avoid misuse risks. Overall, giving the invoice to the owner for a financed car is an industry norm, and there's nothing to worry about—the key is to keep it safe.

[MacGabriela]

The invoice for a mortgaged car is indeed given to the owner. I remember discussing this with a friend. The invoice is like the car's birth certificate, allowing the owner to handle various procedures such as registration or insurance claims. When banks handle mortgages, they only care about the mortgage registration, and the original is usually left with me for safekeeping, only being verified during transactions. Sometimes, new car owners might worry that the bank will take the invoice, but that's a misunderstanding—it doesn’t happen. I recommend carefully reviewing the contract terms when purchasing a car. The invoice also involves tax deductions, and if a copy is used during the loan process, I’ll make a duplicate for backup. Keeping the invoice intact is crucial for car ownership—without it, transfers or repairs can be tricky.

[Katherine]

The invoice is given to the owner in the case of a financed car, which is standard practice. The owner needs the original for registration, tax payment, or selling the car, while the bank only handles the mortgage registration. I once bought a car on finance, and the dealer handed the invoice directly to me—there’s no reason to withhold it. If you’re worried about rejection, check the car purchase agreement. The owner should keep the invoice safe to avoid loss. For related matters like insurance claims, the invoice is one of the required documents. Simply put, it ensures the owner’s daily operational rights. Don’t overcomplicate this.

[HenryLee]

When purchasing a car on installment, the invoice must be given to the owner. From a practical perspective, the invoice serves as the legal proof of ownership, which the owner uses to handle license plate registration and tax payments. The bank does not hold the original copy but controls risks through electronic registration. If the invoice is refused, I would question the dealer's integrity. Sometimes, a copy is required for loan documentation, but the original remains under my management. I also understand that the invoice is a key document for vehicle transfer, and transactions become difficult without it. When buying a car, it's important to keep the invoice safe in case of unexpected incidents like scratches requiring repair records. Overall, protecting the owner's rights is the core concern.