What procedures need to be completed after paying off the car loan
1 Answers
After paying off the car loan, you still need to complete these procedures: present your loan settlement certificate at the lending bank or financial institution to retrieve the vehicle registration certificate; go to the vehicle management office to remove the vehicle's mortgage status, etc. Below is a lot of information about car loans: 1. Introduction: A car loan refers to the loan issued by the lender to the borrower applying to purchase a car. Auto consumer loans are a new type of loan where banks provide RMB guarantee loans to car buyers purchasing vehicles from their authorized dealers. 2. Loan term: The term for auto consumer loans is generally 1-3 years, with a maximum of 5 years. Among them, the loan term for used car loans (including extensions) must not exceed 3 years, and the loan term for dealer car loans must not exceed 1 year.