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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.

Nissan at the Paris motor show 2008

By Ben Pulman Motor Shows 02 October 2008 09:51 A genuine (and exciting) surprise from Nissan in the shape of its Nuvu concept car. This cool little city car’s name literally translates as ‘new view’ and it’s Nissan’s view of urban transportation in 2015. Think of it as the company’s electric rival to the Toyota iQ.

Super-rare Rolls-Royce Silver Shadow II Shooting Break up for auction

The growing trend for shooting break estates is nothing new. Sleek estate versions of high-end, luxury limousines have been produced at the behest of their ultra-wealthy owners for years – just like this bespoke Rolls-Royce Silver Shadow II Shooting Break. And this example could be yours for a snip – it’s going up for auction with Bonhams at the Beaulieu Sale on 7 September 2013 with an estimated price of £12,000 to £16,000.