Valuing and selling private plate

iaind

iaind

iaind

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Hi guys

Picking up a car at the weekend which has a private plate - the owner is moving abroad so has no use for it so it will be mine with the car.

It means nothing to me so I'm quite happy to go back to the original registration if I can sell this one for a few quid. It wont be worth a huge amount, its a standard new style plate but does read "Ross" (xR05Sxx). The question is, how would I go about coming up with a value for this? Do I need to put it on retention before I sell it, or can I transfer it directly to the buyers car? If I'm selling it, I assume I pay the fees for the transfer and thus have to cover them at a minimum to make any money?

Thanks for any pointers!
 
I'd say a plate like that is basically worthless as anyone who might want it can buy a similar plate direct from the DVLA for not much money.

I'd probably just stick it on eBay in an auction style listing with a start price of the cost to transfer plus a few quid for your efforts. If it sells great, if it doesn't you've not lost anything and if you're really lucky you'll get 2 people called Ross fighting for it.
 
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It's worth ~£250

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^^ that's how much dvla sells them for, doubt you'll get anything for it.

drop it on ebay for £100 if you can be bothered, but hassle + transferring will reduce that profit to nothing.
 
grudas said:
^^ that's how much dvla sells them for, doubt you'll get anything for it.

drop it on ebay for £100 if you can be bothered, but hassle + transferring will reduce that profit to nothing.
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Retention/Transfer fee is £80 anyway... so personally wouldn't think it worth the hassle
 
I sold one on ebay, J5 JRM or something like that, I didn't think it'd sell but one of those Autotrader private plate seller rung me up and offered me a couple of hundred for it, it was on retention at the time because I have my own plate so I think the transfer was £20 odd. He said he just buys plates regardless if he has a buyer and sits on them.
 
Maccapacca said:
I sold one on ebay, J5 JRM or something like that, I didn't think it'd sell but one of those Autotrader private plate seller rung me up and offered me a couple of hundred for it, it was on retention at the time because I have my own plate so I think the transfer was £20 odd. He said he just buys plates regardless if he has a buyer and sits on them.
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It used to cost £25 to renew them every year. So I doubt he would do so for a plate like that. Sure it wasn't a dateless plate?

£25 a year for a plate worth £200 doesn't seem right. Unless you sold it after it changed to £25 every 10 years.

Also J5 JRM doesn't exactly sound like it would be worth more than £250 ever.





From today (9 March 2015), the law has changed to reduce the fee to retain a personalised registration from £105 to £80. This will apply to both paper and online transactions.

This change sees the removal of the £25 fee currently in place to renew the retention of a vehicle registration number on an annual basis. The renewal period is also extended to 10 years. There is another added benefit, the fee is being removed to add or change nominee details.

https://dvladigital.blog.gov.uk/201...ess-to-retain-your-personalised-registration/
 
I have one that i retained off of the BMW. Quite accurate aswell, did say i would give it the guy back but i broke my phone so lost his number and he never contacted me for it back and i know the previous address on the V5 is not where he lives anymore.

Will sell it if i don't hear anything from him by Jan.
 
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kaiowas said:
I'd say a plate like that is basically worthless as anyone who might want it can buy a similar plate direct from the DVLA for not much money.
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That's what I reckon - if I had enough money to throw around on vanity plates then as a private seller you'd have to undercut the DVLA by a considerable margin, unless it was something unique with no comparable combinations.
 
Yea you'll need to be cheaper than the DVLA to sell that I think. I've never had a private plate until a few weeks back as my wife bought me one for my 49th. I now have V10 plus my initials.
 
Hmmm thanks guys.

Looking at similar plates on the dvla, most are 249 but some are 599 or even 999 - the latter ones are pretty obvious why they're so expensive but some of the 600 quid ones aren't obviously better than mine. I might chuck it on eBay with a high deposit and if it doesn't sell then I'll just keep it, saves the faff of changing insurance and parking permit!
 
iaind said:
Hmmm thanks guys.

Looking at similar plates on the dvla, most are 249 but some are 599 or even 999 - the latter ones are pretty obvious why they're so expensive but some of the 600 quid ones aren't obviously better than mine. I might chuck it on eBay with a high deposit and if it doesn't sell then I'll just keep it, saves the faff of changing insurance and parking permit!
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Don't forget that DVLA's website prices are inclusive of the £80 transfer fee
 
I've got T500 ending YPR which to be fair is worthless, then I have AA55 ending BEN which DVLA seem to sell similar for £599 so I might get something for that.

Might list them both and put them in the track car fund.
 
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