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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.

New Kia Rio 3-door arrives

New Kia Rio 3-door arrives for £600 less than the 5-door The new Kia Rio three-door sees the Rio arrive in three door guise for the first time. Same engines and options as the five-door only a bit cheaper. Kia revealed the three-door Rio at the Frankfurt Motor Show in September, and has now announced its arrival in the UK, with expectations the sportier-looking three-door Rio will account for up to 25 per cent of sales.

Mercedes Vito London Taxi comes out fighting

Mercedes has come out fighting against the Nissan NV200 London Taxi with an assertion of the benefits of the Mercedes Vito Taxi. Yesterday we had the news that Nissan, not content with just undermining the Crown Victoria as the NYC Yellow Cab, have turned their attention  to the London Taxi with their NV200 take on the Black Cab. So far, LTI hasn’t responded to the imminent threat to their business from Nissan (but then they still haven’t really reacted to Mercedes entry in to the market), but Mercedes has, coming out fighting this morning with a press release extolling the virtues of the Vito Taxi.