Want to know how much your private plate is worth?
Thinking about selling your private plate?
What influences the value of your plate?
Read on and we will explain the different elements you need to look at when trying to put a value on your plates worth and get the maximum return. Personalised plates can prove to be a lucrative investment, with prices ranging from quite modest figures to substantial amounts, one minor alteration in the arrangement of digits or letters can significantly impact its valuation and the overall desirability of the plate.
Lots of different factors determine the value of a number plate, such as age, length and also its desirability. Those with fewer digits tend to command higher prices, with the use of specific numbers, such as '1,' adds prestige and value to a plate. Additionally, the age of the plate influences its worth; shorter, older plates are rarer and therefore more valuable due to limited circulation over the years. Also consider the 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.
Uniqueness and spelling are key determinants of value. Plates featuring uncommon or accurately spelled names are highly desirable and fetch higher prices. Conversely, plates with common names or easily combinable letter sequences typically have much lower values.
How do you determine how rare your Private Number Plate is?
Determining the rarity of your private number plate involves assessing lots of different factors such as its spelling and the frequency of similar combinations. Plates with unique, unaltered spellings tend to be more valuable. Additionally, plates with fewer characters and higher search frequency online are typically rarer and therefore more valuable. Also, numbers that can be interpreted in multiple combinations, such as using '4' as an 'A' or '3' as an 'E', tends to lower its value due to the likelihood of other plates achieving similar effects, but if yours boasts the 'Perfect' spelling without the need for substitutions, its value will likely increase.
F 1
The F1 number plate was originally bought for £440,000 by Afzal Kahn, but it has recently been spotted up for sale for a massive £15 million, over 40 times its original price. The F1 number plate is a unique number plate being only 2 characters long, so the price of the number plate reflects this.
Depending on the word or statement that your plate contains, it will affect the amount you can sell it for and how wide the market is.
A number plate that reads PUP 80SS (Pup Boss) may seem very valuable to you if that’s your line of work ie breeder, groomer, vet etc, but it really only appeals to other people working in the same profession and therefore may not be as worth as much as you think.
DEV 1L
While a plate that has a broader appeal and ‘perfect’ spelling like DEV 1L will demand a much higher price due to its popularity.
Age of a private plate
The reason why shorter number plates are worth more is because they tend to be older. These private plates are not in circulation as much as longer plates as they were first used over 100 years ago making them rarer and in turn, making them more desirable to registration plate hunters. This is the reason we also factor in the number of letters/numbers when it comes to finding out how much your private number plate is worth as shorter plates tend to be worth more.
Should you decide to sell your number plate, there are several options available to you. First, you will need to make sure that your plate is transferable by checking your documentation. If it contains the words ‘non-transferable’ you will not be able to sell the plate.
The vehicle that the plate is assigned to should also be registered to your name and you need to be in possession of the V750 Certificate of Entitlement or a V778 Certificate of Retention before trying to sell it.
If your private plates are eligible to sell, there are several different avenues you can use. One option is to sell them privately, which involves advertising in local newspapers or using social media platforms or selling sites such as eBay or Gumtree. While these methods can be effective for selling your cherished number plate, it's essential to remain vigilant against potential scammers. Additionally, ensure that all sales documentation is completed correctly and in accordance with all the legal requirements - Make a mistake and you could run into legal problems!!
Your other option would be to sell your plate through an authorised broker like us. We specialise in alleviating any of the stress of selling your number plates, also there are no listing or advertising fees when you work with us. We sell thousands of personalised registered plates sourced from the DVLA, private sellers, and our own collection. Our main aim is to secure the best possible price for your cherished number plates while ensuring all the necessary forms and the purchase transactions are a seamless and straightforward process.
People will come to us after searching for a DVLA Private Registration Plate valuation service. As the DVLA does not buy, or buy back private registrations, they also do not offer a valuation facility.
Moonstone Plates on the other hand do also buy registrations as well as selling them and quite often we will consider purchasing private number plates to add to our own stock. It is easy to obtain an accurate valuation with us and we can also market your plate throughout the industry to get you the best possible price. Alternatively, we can advertise your number for sale for you on ours and many other dealers’ website at absolutely no charge to yourself.
This is a completely FREE of charge, No-obligation service.
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.
Looking to buy a private number plate?
Take a 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?
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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