When it comes to selling your vehicle it’s never simple process, but it can be made even more complicated if you have a private number plate attached to it. You will need to consider whether it is worth selling the vehicle with the plate attached, or it will be more beneficial to have the plate removed to sell separately, of placed on your new vehicle.
There are a variety of things to consider when it comes to selling your vehicle with the private number plate, so we’ve created this guide to help you make the best decision.
Why sell the number plate with the vehicle?
People buy private number plates for a vast number of different reasons. If you’ve got a private plate that is meaningful to you then it may be worth taking the plate off the vehicle. However, some people have private number plates to match the make and model of the vehicle, for example; JA63 UAR for a Jaguar. If this is the case with your number plate, it will probably be worth selling it with the vehicle as it could raise the price and make you a little extra profit.
As well as this, you should also consider how popular your number plate it and trying to find the right buyer for it. If the number plate is especially rare, it might make the car more appealing to certain collectors. Therefore, it is essential that you do your research and keep your eyes peeled for buyers that might have a particular interest in your vehicle and number plate.
Why should you keep your private number plate?
If the plate holds sentimental value with you then you should definitely consider having the plate removed and keeping it for yourself, that way to can keep hold of the plate, or put it on your new vehicle.
If you decide to keep your plate you will have to contact the DVLA and inform them that you want to retain your number plate. This is a fairly simple process that can be done online or via post. It will cost you £80 to have the number plate retained, however once it has been done, the plate can be retained for 10 years, and it will cost nothing to renew the retention after 10 years if you haven’t placed the plate on a vehicle by that time. Once you have applied, you will receive a Retention Document which confirms you still own the plate.
Furthermore, if you think you will be able to get more for your plate separately then you could have the plate removed and sell it to a private buyer. You can try online selling websites or list the plate in a classified advert in the newspaper.
Make sure if you decide not to sell the number plate with the vehicle that you inform people on your listing. When photographing the vehicle, state clearly that the number plate is not for sale and included in the price, otherwise you may face problems with the buyer. If possible, you should have the number plate replaced before listing the advert so that people see the number plate that is being sold with the vehicle. This is simple to do and you will need to apply to have the number plate replaced via the DVLA.