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BBC 5 LIVE INVESTIGATES OUTSTANDING FINANCE ON USED CARS
Thu, 10 Oct 2013BBC 5 Live Investigates has reported that unwitting used car buyers are being chased for large sums of money, owed on loans taken out by previous owners. Leading vehicle information expert HPI has warned consumers to be vigilant on the risks of finance fraud and get protection with the HPI Check. The report suggested that car owners raising finance with logbook loans secured on their vehicles are selling the vehicles before settling their accounts, which is leaving buyers at risk of losing their cash - and the car.
New 2015 Skoda Fabia revealed – well, sort of
Thu, 17 Jul 2014The design sketch of the 2015 Skoda Fabia We’re not entirely sure we can consider the design sketch of the new Skoda Fabia (above) as a reveal of Skoda’s supermini, but it is a clue to what we can expect when the new Fabia arrives in the coming weeks. Skoda tell us that the new Fabia will be taking its design cues from the Vision C Concept we saw at Geneva – and the new Octavia – and that is a new direction for Skoda with added width and a flatter body creating, say Skoda, more harmonious proportions. Of course, the design sketch of the new Fabia has the usual artistic license to make it more dynamic than the reality will be, with the end product when it arrives likely to look much like a smaller version of Skoda’s latest efforts.
Logbook loans signal increasing debt risk
Mon, 23 Jun 2014CONSUMERS 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.