How much is my number plate worth?
Like anything else, a number plate is worth as much as someone is willing to pay for it. Generally speaking, the less you have to think about what a number plate reads, or the shorter the plate, the better, although this is not always strictly true. There are many considerations when putting a monetary value on a particular plate, such as its age, its rarity or exclusivity and what it represents.
Did you know that around 6 out of 10 'normal' vehicle registration marks have a value attached to them? You may not even be aware that the registration number on your car could be worth money. Even plain looking registration marks can have a significant value attached to them to different people for different reasons, even though they may look pretty boring to me or you.
When pricing your number plate, you need to decide whether you are looking for a quick sale, or whether you are willing to hold out for the right buyer. The first thing we would then recommend doing, is finding other, similar number plates for sale, and comparing yours to them, to get a base price to start from. We usually recommend starting your search at the DVLA registrations website, before checking with dealers, and on eBay.
We then recommend that you have a look at the number plates meaning. What does it represent? Is it something specific to you, or could it have a meaning to other people aswell? Is it a name, a word, or even a car make/model? The more popular the meaning of the plate, the more people will be willing to pay for it.
Does the plate need to be tampered with to make any sense? All too often we see plates being mis-spaced or alterered to mean something. It is an offence to represent a registration differently to how it is intended and doing so could land you with a fine of up to £1,000 and confiscation of your registration, so these types of plates are not very desirable.
Next you need to look at the number of characters that make up the plate, generally speaking, less is more here, so the shorter the plate, the more desirable it can be, however, do bear in mind there are exceptions to this rule.
Lastly, look at the style of the plate. There are 5 different styles in the UK, Current, Prefix, Suffix, Dateless and Irish plates, for more information and explanations of the different styles, see our number plate styles guide. As a general rule Irish plates are the cheapest, followed by Current style, then Prefix, Suffix, and lastly Dateless registrations, however, as always, there are exceptions to the rule.
Hopefully this guide has given you some pointers, however, if you are still not sure and want to have your number plate professionally valued with a valuation certificate to prove it, follow the link to our number plate valuations page and we will carry out a full valuation, advising you of the sort of figure you can expect for your plate! Alternatively, all Premium Adverts placed on our site include a FREE valuation!
We've been used and trusted by thousands, including leading companies and celebrities...