In the UK, selling a number plate is fully legal providing you own the right to use it either through a certificate of retention, a certificate of entitlement or because you own the car it’s currently assigned to. When it comes to the ins and out of selling a number plate, however, there are a number of things you need to be aware of.
Can I sell my number plate back to DVLA?
The Driver and Vehicle Licensing Agency (DVLA) issues standard number plates in two batches each year and has been selling private number plates since 1989. However, the DVLA doesn’t purchase plates, so selling your plate to the DVLA, even if you bought it from the agency in the first place, isn’t possible.
Where can I sell my number plate?
The good news is that there are other options available when it comes to selling your number plate. Naturally, you can try to sell your number plate on your own. This may seem like a worthwhile option to you on first inspection. After all, if you sell the registration without assistance, you might think you won’t have to share the profits gained from the sale, right?
The process of selling the plate by yourself is not without costs, however. If you advertise your plate in the classified section of an auto magazine or online car publication, you will need to pay a fee for the ad space and finding the best platform to showcase your plate is not always easy by yourself.
Selling via a specialist broker in number plates like New Reg can be an easier and more effective option for making a sale. With New Reg, you can benefit from the experience gained over thousands of transactions and every step of the deal will be carefully managed on your behalf.
How to sell a number plate
The first step in selling a number plate is to get an accurate assessment of its worth. At New Reg, we can offer you a free valuation of your personal plate. To keep the process as simple as possible, you can use our easy to fill in contact form. Just enter the registration you want valuing along with your basic contact details, and our specialist team will assess its value and get back to you.
Once you know what your plate is worth, with the assistance of our free valuation, you can try to sell it either on your own or with us. An advantage of selling through us is that our site sees plenty of traffic from those in the market for a number plate. This means that you might have many more interested buyers checking out your reg if you decide to sell through us than advertising yourself.
After we find a buyer for you, we’ll be in touch with their offer. We’ll handle the whole transaction, from agreeing the price to filling out any paperwork needed to complete the transfer of ownership. We’ll also make sure the funds from the sale arrive in good time in your bank account. Rest assured, we’ll be in touch at every step of the sale from beginning to end, making New Reg the first place to go when you’re looking to sell your number plate.
