Bright red vehicle belonging to me (7)

I believe the answer is:

carmine

'bright red' is the definition.
(I've seen this before)

'vehicle belonging to me' is the wordplay.
'vehicle' becomes 'car' (car is a kind of vehicle).
'belonging to me' becomes 'mine' (I've seen this before).
'car'+'mine'='CARMINE'

(Other definitions for carmine that I've seen before include "Bright red" , "Vivid red colour" , "Crimson pigment" .)

I've seen this clue in The Times.

Want a hint initially instead of a full solution? Install my app