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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.

Simplification or complication? Mercedes shakes up its badging again

By Georg Kacher Motor Industry 29 August 2014 15:03 Mercedes is about to simplify - it hopes - its entire badging system. All four major model ranges will be affected by the revised nomenclature which is designed to make sense of the alphabet soup. The idea is to make sure each badge reflects the main range it’s attached to.

How to buy a James Bond car on a budget

The name's Bond, budget Bond By Adam Binnie Motoring Issues 10 July 2014 09:06 News that a classic Aston Martin, full of James Bond gadgets, is to be sold at auction this Saturday 12 July 2014 may leave you yearning for a piece of the action for yourself. The idea of blasting through the Alps in a classic sports car with nothing on the horizon but a vodka martini and a suitcase full of secrets may leave you shaken and stirred, but sadly it is beyond the financial reach of most non-spies. Coys, auctioneers of the aforementioned DB 2/4 Vantage (below), were unable to speculate how much it would sell for, but it is likely to be an eye-watering sum.