If you are looking at car leasing for the first time, then you are probably doing some research around the topic.Approaching a new topic for the first time can be daunting, and car leasing is no different. And one of the most daunting aspects of car leasing can often be the amount of jargon that is thrown about. PCP, HP, wear and tear, so many acronyms and phrases that aren’t always known outside of the automotive world.But, it doesn’t have to be daunting or confusing, and at OSV, we want you to be as knowledgeable as possible before beginning your car leasing journey. So in this article, we are going to go through the most commonly used phrases and acronyms in the car leasing industry, and what they mean.
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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