Car Loan News

Buying a second hand car soon? Well, hold on, because you could be entering into a mine field of unhappiness for both yourself and your wallet.

With all of the car financial and reputation problems that Toyota are experiencing with its infamous recall fiasco, the US Department of Transportation (DoT) is considering enforcing car makers to install a device that will over-ride the brake and accelerator pedals should a car refuse to stop.

It has been revealed that within the past two years of Britain’s financial crisis and recession, banks have hiked interest rates on personal loans during our economic downturn, meaning personal car loans and other large purchases have been increased by hundreds of pounds.

With this year’s Formula 1 season approaching shortly, there has been plenty of talk regarding the finances of many of the new teams.