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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.

Univeristy honours F1's Flying Scot

FORMULA ONE hero Sir Jackie Stewart will receive an honorary degree today. The 74-year-old racing star will collect the award from Edinburgh Napier University at a ceremony in the city. Known as "The Flying Scot", he won the Grand Prix 27 times and was Formula 1 World Champion three times.

Subaru Levorg concept teased ahead of Tokyo debut

The Subaru Levorg Concept Touring (pictured) will debut at the Tokyo Motor Show Today it’s the turn of another Japanese car maker to start showing what they’ll be taking to their home motor show in Tokyo next month, with Subaru teasing the Subaru Levorg concept. The Levorg concept – it’s name is made up from Legacy, Revolution and Touring – is said by Subaru to be a Tourer but with the feel of a sports car, whatever that means. Under the bonnet lurks a 1.6 litre Boxer engine with direct injection turbo tech which, say Subaru, offers smooth performance and green credentials.