Everybody’s situations are different, and it all depends on your circumstances as to why you are wanting to sell or retain your cherished plate at this moment in time.
Cherished Number Plates are more profitable than watches or classic cars and people are flocking to invest in them. With the demand for personalised registrations showing no signs of slowing down over the last 10 years, their portion of the market has more than tripled in value, from around £85 million to over £300 million, every year has seen growth (even through the tough recession years), so now could be the ideal time to sell your private number plate UK
How do I value my Cherished Number Plate?
Lots of different factors determine the value of your plate, such as age, length, desirability etc. Make sure to do your own research to gauge a realistic valuation, search the internet for similar plates, fewer similar plates that are available will increase the value. Cherished Number Plates that have fewer digits tend to command higher prices. Also consider your target market for your plate, while plates tailored to specific professions may hold value within their niche, those with broader appeal generally command higher prices. Here at Moonstone Plates, we can search the market for you and give you the most realistic price your plate is valued at. This is a completely FREE OF CHARGE service that we offer. You don’t want to try and sell your plate over its value as chances are it won’t sell, but you also don’t want to underprice it either.
How do I sell my private number plate?
Once you have made the decision to sell your plate, we can also assist you to do this, and it is completely FREE OF CHARGE to you. We have lots of different platforms that are specifically aimed at cherished number plates for sale, and we have access to market all our plates on them, getting you the broadest exposure. We will also handle all the paperwork for you.
Sentimentality
Some people have a locket with a photo in, others a tattoo. But for some, a private plate is the best means to remember and commemorate special dates, events or references to loved ones. We all have our own ideas around what is sentimental and what holds meaning for us, but you cannot argue that a private number plate that pays homage to your loved one or to your family name is a solid investment in terms of sentiment.
Following on from this, private number plates can also make for a highly memorable gift – even more so for the recipient when their number plates are sure to rise in value and take on a higher resale value in the future and in this case, you may want to keep hold of it.
I want to retain my Cherished Number Plates
If you decide you want to keep hold of your Cherished Number Plate, this must be done by retaining your number plate and is a very easy and quick process that is done on the DVLA website. Once you retain your plate, you will receive a certificate from the DVLA which is valid for 10 years. So even if you do decide to sell it in the future, you are able to do this while it’s on a retention certificate.
They’re not all unaffordable…
Many of us link Cherished Number Plates to the rich and famous, but that’s not the case, there are plenty of private and personalised options out there which sell for more affordable prices. The main thing to realise is that only the most highly sought after plates will garner huge sale prices, and so for many getting a private number plate it’s a more affordable investment.
In Conclusion
So, there you are, a little bit more information on whether Selling a private number plate NOW could prove very lucrative for you and appears to be the better option or putting it onto a retention certificate for future use and selling it at a later date.
Looking to buy your own Private Plate?
Look on our website at the thousands and thousands of private number plates to suit all budgets with prices starting at just £275, it is a perfect & unique gift for everybody.
Click the link www.moonstoneplates.com/buy or press our logo to go back to the home page to begin your number plate journey!
Or if you would like to speak to someone you can call our team Mon-Fri 9am to 6pm at 01995 213112 or click here to contact us!
Looking to sell a private number plate UK?
Alternatively, if you have a registration plate and are looking to sell or know someone who might you can click here to go to our sell page or give our team a call on 01995 213112.
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