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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.

New Chevrolet Camaro will cost from £35,320 in UK

The facelifted Chevrolet Camaro will arrive in the UK in November 2013 The current Chevrolet Camaro only hit the UK around a year ago, but with a facelift for the Camaro debuting at the New York Auto Show this year the new Camaro is on its way to the UK, with prices starting from £35,320. The changes to the 2014 Camaro amount to a new nose with wider grill and slimmer lights, a set of vents on the bonnet with a new boot lid, diffuser and lights at the back that somehow contrive to make the Camaro look like a Japanese import. Under the bonnet is the same American Muscle engine – a 6.2 litre V8 – with 426bhp if you opt for the manual gearbox and 400bhp if you go for the auto option, with standard equipment including Keyless, MyLink (which gives you a 7″ touchscreen, rear view camera and voice recognition), SatNav and colour heads-up display.

Record Breaker Aiming High With Audi

NOT content with falling out of a balloon from a great height, Austrian extreme athlete Felix Baumgartner is tackling his next big challenge on the famous Nordschleife circuit of the Nurburgring in Germany. Teaming up with Audi, the Austrian will obtain a racing license and become a driver with the Audi race experience team for the grueling Nurburgring 24 Hours in June. He’ll also be swapping his recording-breaking balloon for a race-prepared Audi R8.