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Logbook loans signal increasing debt risk
Mon, 23 Jun 2014CONSUMERS 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.
Koenigsegg Agera & Agera R 2012 updates
Fri, 02 Mar 2012The Agera & Agera R get a raft of tweaks for 2012 Koenigsegg has revealed improvements to the Agera and Agera R for 2012, which will debut at Geneva next week. We’re not sure just how many Koenigsegg Agera R models have actually been built and delivered (or the standard Agera R, for that matter), but however many it is it’s not more than a handful. Still, standing still means going backwards – whether you’ve built a single car or a million – so Christian von Koenigsegg and his men in the snow in a shed in Sweden have been busy putting the Agera and Agera R at the cutting edge for 2012 models.
Pink Rolls Royce FAB 1 actually has a pink vinyl ‘Wrap’
Fri, 19 Apr 2013But it seems Rolls Royce must have thought much the same, as it turns out that the impressive paint job isn’t actually that at all, but a pink vinyl wrap provided – free of charge – by car vinyl wrap experts Raccoon. Raccoon chose a gloss laminated film to wrap the Ghost to make sure it looked as indistinguishable as possible from a bespoke paint job, and it worked. No one has noticed the pinks Rolls Royce doesn’t have a custom paint job and that’s down to Raccoon taking extreme care to carefully wrap not just the outside panels, but also stuff like door sills and any areas that might otherwise give the game away.