If you've ever wondered about selling your private number plate, it's essential to understand the available avenues and the associated processes.
Here's a comprehensive guide to help you make informed decisions:
Will DVLA buy my Private Plate ?
No, unfortunately you cannot sell your private number plate back to the DVLA. In fact, the DVLA already automatically owns all the UK number plates in existence as they are the legal issuing authority. The DVLA allows the ‘right to display’ their registrations to be traded as a commodity by facilitating the transfer of the ‘rights to display’ between different vehicles for a fee, presently £80.
Can I sell my number plates via the DVLA’s private number plate auctions?
Every year the DVLA holds timed online auctions of DVLA personalised registrations. However, all of these auctions only list previously unissued registration numbers, so you cannot enter your own private number plate into the auction.
Despite the fact that the DVLA does sell private number plates on its website, much like its auctions, these sales are limited to registration numbers owned by the DVLA that have not yet been issued to any vehicles. Secondhand number plates are not dealt with at all by the DVLA, so you are unable to sell your private number plate back to the DVLA, nor are you able to resell your personalised number plate via the DVLA website.
Where can I privately sell my personalised number plate?
Here at Moonstone plates, we can sell your plate for FREE at a cost pre-agreed by yourself. While there is a 10% commission charge, this is added to the buyers cost so you will receive the full amount you requested.
The advantage is that many potential buyers looking to purchase a second-hand personalised number plate will scope out dedicated number plate dealer websites first before turning their attention to private listings, so you may gain more exposure by selling via a dealer. They will also deal with all relevant paperwork.
Do any private dealers buy private number plates directly?
We can provide a valuation for you on what price we think we could potentially get for you, once we have looked at the market, similar plates, desirability etc also we might offer to buy your private number plate for stock, simplifying the process for you.
Where else can you sell your private number plate?
When it comes to selling your personalised number plate, if you would rather not use a dealer, you can opt to sell your number plate privately, but be aware of scammers – and ensure you follow the correct procedures, especially when transferring ownership from one individual to another. Lots of plates have been lost due to the seller not knowing the correct procedure. Some people have found success by listing their number plate on sites such as eBay, although you do have to be aware that there may be listing fees and seller charges incurred if you use such services. An alternative is listing your number plate on one of the many free buying and selling sites online (such as Gumtree) if you are prepared to wait for a sale.
When selling a private number plate, make sure you adhere to relevant rules and complete all necessary paperwork.
Do your own Market Research
Understand the market, evaluate similar plates, and consider the desirability of your plate to set a reasonable asking price.
By exploring these options and understanding the intricacies of each, you can navigate the private number plate selling process with confidence and make choices that align with your preferences and goals.
For a hassle-free experience, Moonstone Plates offers a free-of-charge, no-obligation service. Whether selling privately, advertising online, or adding to their stock, Moonstone Plates aims to secure the best possible price for your cherished number plate. Handling all purchase transactions and necessary forms, they streamline the process to alleviate any concerns.
Get in touch with our team today and receive a quote that can help you get the best money for your personalised private plates. Contact us at www.moonstoneplates.com or call us on 01995 213112 and don’t forget to follow us on our social media pages.
