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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.

Honda CR-V (2012) first official pictures

The new CR-V, which goes on UK sale on October 1 from around £18k, is typically Honda in hiding its extensive overhaul under a similar-looking suit. The CR-V is lighter, stiffer, more spacious yet no bigger, more efficient and with a host of new features which drag it from the gadget dark ages. Loyal customers will be delighted; the casual punter probably won’t even spot it’s a new model.

Renault Twingo and Clio Grand Tour

By Ben Whitworth Motor Shows 08 March 2007 10:12 French but sans le funky look A busy show stand for Renault – as well as unveiling its new Twingo city car, the French manufacturer pulled the wraps off a thinly disguised version of its upcoming Clio estate to take on its Fabia and Peugeot 207 wagon rivals. After the funked up coolness of the Twingo concept car shown at the Paris Motor Show last year, we are more than a little underwhelmed by the production Twingo. Renault is keen to move away from the utilitarian look and feel of the original model – it will leave cheap and cheerful sales to the Clio Campus – and pitch the new model at sharper-suited rivals like the Mini.