What procedures should be completed at a 4S store after paying off a car loan?
1 Answers
After paying off the car loan, first locate the mortgage contract and contact the bank and 4S store specified in the contract to complete the mortgage release procedures at the 4S store. The following are the relevant details: 1. Original copy of the "Motor Vehicle Mortgage Registration/Pledge Filing Application Form," with the original stamped with the mortgagee's official seal. 2. Proof of identity for both the motor vehicle owner and the mortgagee. If the vehicle owner is an individual, provide the original and a copy of the resident ID card or temporary resident ID card. Temporary residents must also submit the original and a copy of the residence certificate issued by the public security authority. 3. The motor vehicle registration certificate. 4. A power of attorney issued by the mortgagee (with the official seal affixed). 5. The motor vehicle owner must be present in person.