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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.

2013 Dodge Challenger owners urged to park cars

Chrysler Group is warning about 2,500 owners of 2013 Dodge Challengers with V6 engines built in December and January not to drive their cars because of a potential short-circuit that could lead to a fire. At least seven such fires have occurred, none causing injury, on Challengers built from Dec. 3, 2012, through Jan.

Porsche recalls GT3 for fire risk

Porsche is telling 2014 911 GT3 owners to park their cars until the company can check them out for engine problems that could cause a fire. Porsche says it will pick the vehicles up and take them to a Porsche Center immediately, and that safety is its immediate concern. Two vehicles in Europe caught fire after engine damage occurred, so Porsche decided to inspect all 785 vehicles delivered worldwide.