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56% of drivers 'underestimated car expense'

MORE THAN half of people who have bought a second-hand car in the last two years have found it more expensive to run than they expected, according to a Government-backed body. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated and one in five drivers (20%) have resorted to going into debt just to keep their vehicle on the road, the Money Advice Service (MAS) found. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.

Honda Civic Type R Mugen 200 revealed

Honda has revealed the limited edition Civic Type R Mugen 200 Back in October Mugen announced that there would, after all, be a Euro version of the Mugen Honda Civic Type R. But only in limited numbers – just 20 cars hand-built by Mugen in the UK. This Mugen Civic Type R gets some much-needed mechanical and supension fettling, but costs a somewhat hefty £38.5k.

Maybach from Jay-Z and Kanye West video up for auction

Just because Daimler shut down Maybach in November doesn't mean that the marque won't still fetch top dollar on the open market. But, if buyers want something with a little more flair and a little less Grey Poupon, they can head to the Phillips de Pury & Co. auction in New York to pick one up that was used in the Jay-Z and Kanye West video for the song “Otis.” The Maybach 57 with a pedigree is expected to go for about $125,000, a third of what one costs new.