What is the procedure for decompressing the car?

after the installment loan for car purchase is paid off, the lending institution will notify the car buyer to go through the mortgage formalities by phone or SMS, and mail the Application Form for Motor Vehicle Mortgage Registration/Pledge Filing, Loan Settlement Certificate and Power of Attorney. After receiving these materials, the buyer will sign for confirmation, and send them to the lending institution together with a copy of the buyer's identity certificate, or go directly to the lending institution to handle them together. In the process of handling, the lending institution needs to show its identity certificate (original or photocopy of business license with official seal), mortgage contract and motor vehicle registration certificate. Both parties go to the vehicle management office together to understand the mortgage procedures, or entrust the lending institution to handle them uniformly, and all the materials are handed over to the staff for operation. After the release of the mortgage, the buyer must get back the motor vehicle registration certificate, so as to complete all the processes. The motor vehicle registration certificate is just like the house property right certificate, which is needed for the sale or transfer of the vehicle in the future, so it is very important.