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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.

Greystone Concours: Batman's mansion hosts a car show

When the city of Beverly Hills puts on a concours, it picks a good location. The city owns the staid and stately Greystone Mansion, originally built in 1928 on a steep hillside above the city by oil tycoon Edward Doheney for his son, Ned. After the Doheneys left in 1955, it was used for any number of movie shoots--from Ghostbusters and the George Clooney Batman movie to Austin Powers Goldmember and the 1966 Zsa Zsa Gabor classic Picture Mommy Dead.

New Lotus Elite revealed

Lotus Elite Concept Paris We knew Lotus were intending repositioning themselves as an East Anglian Aston Martin. Thanks to a clumsy PR stunt by Lotus we were pretty sure we’d see the direction at the Paris Motor Show. Tick all the boxes.