Is the Invoice for a Financed Vehicle Given to the Owner?
1 Answers
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.