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The fall and rise of the budget car

Twenty years ago, the classic bargain brands like Lada seemed to be going the same way as the Soviet empire that spawned them. Woefully dated and badly made, only a weirdo would have bought a new Lada rather than a second-hand model from Ford, Vauxhall or VW. However, one of the big trends in the car industry today is the re-emergence of bargain cars.

No Logbook? No Sale

IT’S EASY to let your head rule your heart when buying a used car, but a leading industry expert is warning buyers not to part with their cash if the vehicle is missing its logbook. Used vehicle data specialists HPI says it has seen a rising number of customers fall prey to sellers passing on vehicles without a logbook, otherwise known as the V5C, leaving them vulnerable to a number of scams. Commenting on the issue, Phil Peace, Operations Director for HPI, said: “We’ve seen a number of buyers going ahead with a vehicle purchase without having seen the logbook for the vehicle.

P1 reborn: the return of the P1 supercar club

There's been a whopping great global recession, in case you hadn't noticed. P1, which was Britain's original supercar club, was struggling to repay asset finance repayments of £100,000 a month to fund its fleet of droolworthy cars – and nobody would buy supercars when P1 tried to sell. The market for top-end cars had frozen at the exact time that P1 most desperately needed the dosh.Eventually the banks called the loans in, as they had identified the supercar market as wobbly business they didn't want during a banking crisis.