How we’re borrowing billions

£58bn owed by drivers on car finance in the UK – up 15 per cent in a year 2.7m new cars sold last year – the fifth consecutive year of rising sales £15,375 Audi A1 hatchback offered for no deposit to a man who said he was unemployed $1.07tn (£822billion) in outstanding auto loan debt in the US, a rise of 9 per cent on the previous year £8,200 minimum salary you need to get a new £12,500 Ford Fiesta £5.5bn in car loan debt sold to investors last year – double the year before 85% of cars were bought on finance last year, up from 50% in 2009 30% rise in car registrations between 2012 and 2016 £1.7bn could be lost by banks if used car values keep falling, according to the Bank of England £31.6bn borrowed by families to buy cars in 2016 – up 12 per cent on 2015 20% growth in dealership car finance in the UK every year since 2012, amounting to more than £30 billion £0 deposit deals offered by dealers to undercover reporters who said they were unemployed or on low wages