<prompt> Human: When you buy a car and you borrow money from the bank they get the title until you pay them back. Is there a way to do that when you already own the car? I have about 34k cc debt and my classic car is worth about that much. It would be a much lower rate than cc cards.  <response>: Theres no need to sell the car to yourself. Many banks and credit unions will offer a loan against the title. The loan value will vary though, and keep in mind that what you or a collector consider your classic car to be worth is not what the bank will necessarily consider it to be worth.Call around. do NOT go to a title loan company. Stick to banks and credit unions. Title Loans are very similar to payday loans and will eat you alive in fees and interest. 