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Logbook loans signal increasing debt risk
Mon, 23 Jun 2014CONSUMERS 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.
Ford and Shelby pair up on GT 'R Model'
Fri, 30 Jan 2009Ford and Shelby collaborating on a Mustang isn't news, it's the norm. But when they're doing something they haven't done in more than 40 years, and the price tops $100,000, it must be something special. In 1965, 37 Shelby GT350 "R Models" were tearing it up at autocross tracks across the country.
2015 Nissan Versa to debut at New York auto show
Fri, 11 Apr 2014Nissan revealed the first images of the 2015 Versa sedan on April 11. The car goes on sale next week after its debut at the New York auto show for the seriously low price of $12,800 including destination. Improvements include new front and rear fascias, interior upgrades and new packaging content.