
According to the financial experts, if you have purchased a new car with only limited or no down payment, or if you are riding a clunker, it might be difficult to refinance it. The rationale behind it is that you are in debt for more than what is the actual worth of the vehicle, or the total value of the car is such small that the lending company may not be willing to leverage on it if in any case … (more) January 20, 2013