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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.

eBay offers free vehicle-history reports

All vehicles built since the 1981 model year listed for sale on eBay now include vehicle history reports from Experian Automotive at no cost to vehicle buyers or sellers. Starting Wednesday, the reports are available on all vehicles sold in eBay auction and classified formats, as well as for vehicles sold by dealers or by private parties, said Nicolas Franchet, senior director of U.S. vehicles at eBay Motors.

Euro NCAP: iQ, Avensis, Impreza, C3 Picasso, Lancer, 6

By Alex Michaelides Motor Industry 19 February 2009 12:40 It’s a good day for the safety of new Japanese cars as the first round of 2009-style Euro NCAP safety ratings are released. Of the six cars tested, full five-star marks were dished out to the Toyota Avensis and Toyota iQ, as well as the Mitsubishi Lancer and Mazda 6. Meanwhile, the Citroen C3 Picasso and Subaru Impreza were awarded four stars.