Online broker OVL Group Limited has launched a new online contract hire business called CarContractHire.com.

CarContracthire.com said it would conduct all its business online, from start to finish. It offers contract hire options for a range of vehicles.

Martin Wedge, managing director of CarContractHire.com and OVL Group said: "CarContractHire.com is unique in that the contract hire agreement is fully completed online making it quicker and cheaper than competitors. The last two years has seen the OVL Group Limited grow by 30% but we continue to want to push the boundaries further and offer more choice to both personal and business customers.

"This alternative contract hire solution will meet a changing demand, particularly for the growing market of women drivers wanting a personal contract hire and sole traders requiring a cost effective solution."

Wedge originally acquired the CarContractHire.com domain in 2003, but said he felt the market wasn’t’ ready for a complete online system at the time.

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