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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.

Audi Q1 sub-compact SUV in 2016

The new Audi Q1 will look like a smaller Q3 (pictured) There was a time when saloon cars ruled the car sales charts, but they eventually went out of fashion to be replaced by the more practical hatchback. But, despite the demonising of the SUV by ‘green’ groups, compact SUVs/Crossovbers have become the favourite flavour for car buyers as they seek something practical and with the promise of a bit of go anywhere credentials (even if they are cosmetic rather than mechanical). So it’s no surprise to see cars like the Nissan Juke, Peugeot 2008 and Renault Captur starting to grab sales from small hatches.

Audi TT revs up for Geneva auto show

Audi has unwrapped its new TT at a media preview proceeding tomorrow’s Geneva motor show, revealing the new look, contemporary interior and updated mechanical package the German coupe carries into showrooms when North America sales get underway later this year. The third-generation TT has an all-new exterior design. The car is again a three-door liftback and has the same basic dimensions as its predecessor, but is subtly sleeker with more precise detailing and crisper lines.