Thousands of drivers could be forced to default on their car payments in order to save their mortgages during the cost of living crisis, experts have warned. An estimated 90 per cent of car buyers in Britain finance their car using Personal Contract Payments, taking out a loan on a fraction of a car’s value and paying the loan back over a two-to-four-year period. Borrowers then have the option to make a “balloon payment” at the end of the term to buy the car outright, however most opt to take...