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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.

Bentley at the London motor show 2008

Bentley Flying Spur Speed: one of the world debuts at London By James Foxall Motor Shows 23 July 2008 14:04 Along with Seat, Bentley was the only member of the VW Group in evidence at Excel – and there was a world debut in the fulsome shape of the new Flying Spur Speed. What’s new on Bentley’s London motor show stand?Errrr, not very much actually. In fact there wasn’t very much of anything on the luxury brand’s stand with just four cars on display.

Subaru Impreza WRX & Impreza WRX STI – more for your money

Subaru Impreza WRX and WRX STI get free Prodrive Performance Pack If, despite the state of the economy, you’re looking for a set of Playstation driving thrills in a real world car a Subaru Impreza is a good shout. The bog standard Impreza is not the quickest – or best looking – car on the block, but the WRX has a decent turn of speed. And the WRX STI gets things moving even better.