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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.

Abarth Launches Custom Track Package To Celebrate 65 Years’ Heritage

THE NEW Abarth 500, offered with additional equipment and a bespoke Abarth track experience, is the latest deal being offered by the performance car manufacturer. Just 65 of the brand’s 500 Custom models are being made available, in recognition of the 65 years since Abarth & C. was formed in Italy by Carlo Abarth.

Dacia prepares for its UK market D-Day

Renault may have halved its UK product range and taken a profit tumble in 2011, but its budget car subsidiary Dacia has been growing strongly with its range of no-nonsense value-for-money cars. The Dacia Duster SUV has been winning plaudits for its cheap-and-cheerful blend of practicality and value,and leads the UK market launch next month. Dacia: Renault's developing market brand heads West Dacia was founded by the Romanian government in 1966, and began with license-production of the Renault 8 (Dacia 1100) and Renault 12 (Dacia 1300).