Do you think that when the last installment of the car loan is repaid and the big green book (motor vehicle registration certificate) is in hand, it means that your car is completely free from the shackles of the loan and completely belongs to you? Hehe, if you really think so, then Asuke, a veteran driver who has been in the second-hand car industry for five or six years, wants to give you a vivid and interesting literacy lesson on "car loan sequelae".
First of all, don't rush to celebrate when you rejoice in the big green book that symbolizes ownership. This is just the first step, and then you need to ask the bank or financial institution for a sacred "proof of settlement". Imagine it like a liberation order, marking that your financial shackles have been lifted.
Then, bring your ID card, green book and the heavy settlement certificate to the vehicle management office in your city for a mysterious "release ceremony". The process is not complicated and there are no fees to pay, but it is significant because it will release the vehicle from being mortgaged to a bank or financial institution for the duration of the loan, allowing your car to truly return to freedom.
Then, let's talk about the beneficiary on the insurance policy. During the loan period, in order to protect the interests of creditors, insurance companies often set the primary beneficiary as a bank or financial institution. Now that the loan has been paid off, remember to go to the insurance company in time to change the beneficiary to yourself, so that in case of an unforeseen situation, the claim money can fall into your pocket properly.
Let's talk about the little guy hiding in the shadows - GPS locator. At the loan stage, in order to facilitate the monitoring of the vehicle's location, the financial company may install GPS on your car. After paying off the loan, be sure to ask a professional to dismantle it to avoid personal whereabouts being inadvertently revealed, after all, in this era, privacy is more precious than **.
Finally, don't forget the spare key that is in the hands of the financial institution. They are like the secret of mastering the "second life" of the vehicle**, and only by taking this key back can you truly achieve full control of the vehicle.
Overall, paying off your car loan is not the end, but a new beginning, a process of building a closer connection with your car. So, dear readers, what is your experience after paying off your car loan? Have you had similar experiences and insights? Welcome to share your story in the comment area, and how to better complete the handover procedures after car loan repayment, so that our car life is smoother and worry-free!