Can I Sell My Private Number Plate To The DVLA?
Okay, so we were checking our search engine rankings as we often do, and noticed that every time we type in “sell my number plate” or “sell number plate” etc. Google suggests adding “to the DVLA” at the end, which suggests that people are searching for it. This inspired us to write a post to clear this up so here goes…
In a word, no, you can’t sell your number plate back to the DVLA.
The DVLA issue new registrations for vehicles and also hold/sell the stock of all cherished registrations that have never been issued to a vehicle before, but they have no interest in buying registrations.
So where can I sell my registration?
There are generally two options, either to go to a dealer or to try and sell your reg privately.
Advertising your number plate through a dealer usually won’t cost you anything upfront, however, beware that this option can prove costly in the long run, as they tend to take a large percentage, (30% on average) of your number plates selling price, as ‘commission’. That’s £30 of every £100 of the money from the sale of YOUR number plate, being swallowed up by dealer commission! You may also lose control of your registrations selling price, as dealers act on your behalf, and their commission needs to be incorporated in the price.
Selling your number plates privately gives you full control over things, you set the asking price, you communicate directly with buyers, and you keep 100% of the selling price. The question is, where can you sell privately? Well, some people choose eBay, however, their fees can end up being almost as much as going through a dealer, as they charge listing fees to list your plate on their site, re-listing fees if it doesn’t sell within the auction time, and then a ‘Final Value Fee’ of approx. 10% of the selling price when it does sell. For more information about the fees, visit our dedicated eBay’s fees page. In our experience, though, not many people search for number plates on eBay, and even when they do, eBay’s search facility is somewhat limited making it difficult for buyers to find your plate.
That’s why we created Plate-Trader.com – the Auto Trader of the number plate world. We aim to offer an alternative to number plate dealers or auction websites that demand a percentage of the money from the sale of your registration plate. We provide low-cost number plate advertisements that allow you to deal directly with buyers, meaning you keep 100% of your number plates selling price. To find out more information, visit our page on selling your private plate.
As always, if you have any questions or comments, feel free to leave them below 🙂
June 07, 2014
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