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56% of drivers 'underestimated car expense'

MORE THAN half of people who have bought a second-hand car in the last two years have found it more expensive to run than they expected, according to a Government-backed body. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated and one in five drivers (20%) have resorted to going into debt just to keep their vehicle on the road, the Money Advice Service (MAS) found. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.

Jaguar XK bites the dust – XK production to end this summer

The last Jaguar XK – the Jaguar XK Dynamic R The Jaguar XK is the oldest car in Jaguar’s model lineup and the last real remnant of ‘old’ Jaguar. And it’s about to cease production. Jaguar has announced the XK will end production this summer as sales fall away and the XK struggles to make sense against the new Jaguar F-Type, a situation that will only worsen when the F-Type Coupe starts to arrive in customer hands.

McLaren P1 GTR OFFICIALLY previewed – debuts at Pebble Beach Concours d’Elegance

The McLaren P1 GTR (pictured) will debut at Pebble Beach 2014 We learnt last month that McLaren had decided to produce a P1 for the track – a la the Ferrari FXX programme – and in the process revive the GTR moniker from the iconic McLaren F1 GTR to create the new McLaren P1 GTR. Now McLaren are previewing the debut of the P1 GTR at next month’s Pebble Beach Concours d’Elegance with a  design sketch of the P1 GTR ahead of its real life reveal in California. Following in the giant steps of the F1 GTR – and those of the road-going P1 – will be no easy task, but what’s on offer certainly offers lots of promise.