One of the most important aspects of leasing a car is looking after it. When you first receive your car, you should be given a copy of the BVRLA Fair Wear and Tear Guide, if that be from your broker or the leasing company itself.The BVRLA Fair Wear and Tear Guide is the industry standard of which your car will be judged on when you return it to the finance house at the end of your agreement.
But, what is ‘Fair Wear and Tear’?In this article, we are going to look at what counts as fair wear and tear, what happens if you incur charges and how to dispute them.
The BVRLA is like a mum and dad to the car rental and leasing industry. The BVRLA teach car rental and leasing companies how to be good, responsible and downright wonderful to our customers. The independent body ensures that anyone who leases a car either long or short term have the protection that comes with choosing a BVRLA approved dealer or broker. In this article, we'll take you through the membership requirements and rules we must follow and how this benefits our customers.
The trade body for the vehicle rental and leasing industry has responded to the government’s Autumn Statement. Full details are below: The BVRLA has welcomed the Chancellor’s decision to introduce a new, more granulated range of company car tax bandings for ultra-low emission cars from April 2020, but is concerned that the timing of the changes will lead to a drop-off in demand for these vehicles in the intervening period. The changes will see 15 new bandings introduced, of which 11 will be for ULEVS. From 2020...
The Autumn Statement was announced this week, and it’s safe to say a lot has changed since the Spring Budget. Therefore, there are some pretty big changes, particularly to the automotive industry. So, how is it going to affect the motor industry? And, how does this have an impact on you? We take a look at what the Autumn Statement means for the Automotive industry, and what this means for you. Introduced in 1976, the Autumn Statement is the second big economic speech made by the Government every year. This Statement was particularly anticipated as this is the first economic Statement since the EU Referendum and as Theresa May as Prime Minister...
Leasing companies; can you trust them? Are they reliable? We’ve heard so many stories about bad experiences it’s difficult to count them all. We understand that dealing with a leasing company for the first time can be daunting and the reality is that there are some leasing companies who just aren’t trustworthy. It’s a fact, a sad one, but a fact nonetheless. So, how can you tell if your leasing company can be trusted? There are lots of ways in which you can tell if your vehicle broker is trustworthy, and one of the most important ways is by looking at their accreditations and memberships.
OSV Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows OSV Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.
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