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Question: Is it possible to refinance a car? Even when the state keeps your title for the current lender?

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Question : Is it possible to refinance a car? Even when the state keeps your title for the current lender?
Someone told me that it's possible to refinance a car. But North Carolina State destroys your title until it's paid off. Can I refinance my car without my title?
- asked by Big Joe

All Answers:
Answer #1
I have never heard of this but have you calledthem just to recheck if this is true.The onlyreason I ask is that someone can be added to atitle for many reasons including refinancing, sowhy would they destroy the title ???NCDMV'sCustomer Service Office 919-715-7000
- answered by UCANTCME

Answer #2
What are you talking about? Why would the Statedestroy your title? Actually, why would they evenhave the title? It should be in the hands ofwhomever gave you the loan unitl it's paid off,then it will be transferred to you.You need toprovide more information on your situation.
- answered by Jasmine




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