Valuing Your Private Number Plate : Get The Best Price For You
Owning your own UK private registration number plate can be a great asset, especially if you have one of the rarer types of one that looks like a well known word. Of course, in time you want to sell it - either to buy another registration plate or just to earn yourself some money. Remember though, like selling anything of value, you need to keep your wits about you and make sure get get a valuation from at least three independant dealers.
However, beware of those dealers who are out to make a sale and win your business and who may just over value your number plate slightly higher than the others in order to achieve their goal. A smart recommendation is that you investigate what the current market trends are regarding the valuing of private number plates. Also, never tell any of the dealers a previous quote that you may have received.
Just like the antique world, there are some unscrupulous dealers in the number plate business so it always pays to do some research of your own so you at least have some idea of the top price you may receive. Of course, most dealers are legitimate and value their reputation highly so it will be in their best interest to treat you fairly. They will be able to draw on their experience and contacts.
Nowadays, most dealers also offer an online valuation service that can give you a guide price and these are great places to check on the value of your registration plate. Unfortunately for everyone, there is no official guideline regarding registration prices so you are really dependent on the dealer who offers you the highest price.
The Cherished Numbers Dealer Association does however offer a certifiable valuation service which many of the professionals like accountants, lawyers, HMRC and insurance companies will take into account. The starting rate for Cherished Numbers Dealer Association valuations is 50.00.
Want to find out more about private registration plates?, then contact the DVLA for information.
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