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Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

Porsche 918 Spyder to get 4.6 litre V8

Porsche 918 Spyder to get 4.6 litre V8 The Porsche 918 Spyder is to get a 4.6 litre V8 and lose one of its electric motors when it launches after a Frankfurt 2013 debut. It’s almost two years since the Porsche 918 Spyder debuted at the Geneva Motor show as a potential 21st century eco-replacement for the Carrera GT. The amount of interest shown – and offers of deposits – persuaded Porsche to confirm the 918 Spyder for production last March, but it’s still more than eighteen months away from arriving on the road.

Mitsubishi Outlander PHEV big dealer push – first UK cars being delivered

The Mitsubishi Outlander PHEV – moving quickly in the UK The Mitsubishi Outlander PHEV, the plug-in hybrid Outlander, has been the subject of a big marketing campaign by Mitsubishi in recent weeks, and this weekend sees a big dealer push to educate buyers. But actually, it’s a very easy job for Mitsubishi because they seem to have hit the ground running with a car that could see the beginning of the end of the BEV electric car market. That’s because the Outlander PHEV offers the best of both worlds, with its plug-in hybrid setup offering pure EV running for up to 30 miles or so – enough to get in and out of most cities – and the ability to run on carbon fuel even when the batteries run down.