The general definition of Business Contract Hire is where an asset is leased to someone, in this case, a business, for a set period of time. The Lessor is the person who leases the asset, the Lessee is the person who upholds specific obligations as defined in the lease agreement. In the context of vehicles, Business Contract Leasing is an agreement in which the leasing company, the Lessor, provides a business with a car, the asset, to a business, the Lessee. When we talk about Business Contract Leasing, we are referring to Business Contract Hire, which is just another name for it.
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.
OSV Ltd a Registered Company in England and Wales No: 04533176 and whose registered office is D1 Yeoman Gate, Yeoman Way, Worthing, West Sussex BN13 3QZ.
VAT Reg No: 946 3911 02 ICO: Z1606144
Finance is subject to status.