Leather and rope round vehicle (8)

I believe the answer is:

cordovan

'leather' is the definition.
(cordovan is a kind of leather)

'rope round vehicle' is the wordplay.
'rope' becomes 'cord' (I've seen this before).
'round' becomes 'o' (round can mean a round object**).
'vehicle' becomes 'van' (van is a kind of vehicle).
'cord'+'o'+'van'='CORDOVAN'

'and' is the link.

I've seen this clue in The Telegraph.

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