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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.

Toyota iQ concept

By Tim Pollard Motor Shows 11 September 2007 02:53 Toyota iQ: the lowdown The Japanese scored one of the very few surprises of the Frankfurt show this year, with the titchy iQ concept car that previews Toyota’s new sub-Aygo city car. It’s one of our favourite cars at the show, bristling with intelligent new thinking and design flourishes to make small cars interesting again. And the best news is that Toyota has committed to building a production version, probably due in European showrooms by 2009.

Rolls Royce had its most successful year EVER in 2013

Rolls Royce has its most successful year EVER in 2013 The 110th anniversary of Rolls Royce in 2013 is a record in itself, but RR have capped that by delivering a set of sales figures that are the best ever. Big sales growth across the glove saw sales in the Middle East rise by 17 per cent, China by 11 per cent and strong sales in other markets like Germany, Japan and Canada, with China and the US remaining the most significant markets. Those extra sales have been helped by the network of Rolls Royce dealers rising to a record 120 with a further 15 new dealerships added in 2013 and more planned for 2014.