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FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.

Porsche Boxster & Cayman to get 4-Cylinder Turbo: Official

The next Porsche Cayman (new Cayman GTS pictured) will get a 4-Cylinder turbo We already know that the new Porsche Macan will be getting 4-Cylinder VW engines later this year as Porsche looks for a lower entry-level point for the Macan, but it’s not just the Macan going the 4-Cylinder route. Porsche boss, Matthias Mueller, has confirmed to Germany’s Auto Motor und Sport Magazine that Porsche are preparing new 4-cylinder turbo engines for the Cayman and Boxster – but not engines from VW. Instead, Porsche will be lopping two cylinders off the Boxer engine to create a new 4-Cylinder Boxer engine with power outputs up to 395bhp.

Nissan gets a new 'Leaf' on life

On Thursday, Nissan announced that its all-electric Leaf will be added to its Certified Pre-Owned Vehicles program. Starting in September, Nissan will back all used Leaf vehicles to provide years of performance and quality at a competitive value. The program will not only provide buyers with eight-year/100,000-mile battery warranty coverage, but also with five-year/60,000-mile coverage for battery-capacity loss that falls below nine bars, which is imperative when you're relying solely on electricity to power your vehicle.