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FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE 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.
131 new cars for 2008
Thu, 31 Jan 2008By Georg Kacher Motor Industry 31 January 2008 14:30 Will 2008 be a good year for new cars? You bet. Our European editor Georg Kacher has the lowdown on all the new metal due this year and we can spill the beans on all 131 new cars.
Toyoya iQ Collection & iQ for Sports at Frankfurt
Mon, 21 Sep 2009The 'Customised' Toyota iQ for Sports Toyota claim the iQ is the world’s smallest 4 seater production car – and the may well be right. It is certainly a tiny car – but very cleverly packaged – and is in many ways the perfect city car, if a tad on the expensive side. So cleverly packaged is the iQ that Aston Martin have used it for the Cygnet, and rumour has it that BMW will use it for the i-setta range.