We now know exactly how much was paid for a similar plate to ours, and have even indexed the figure to account for inflation.
However, you should bear in mind that number plate auctions have hugely increased in popularity in recent years, so prices in more recent auctions tend to be much higher than historic ones. Also, auction prices can be deceiving. If there is only one person who really wants a plate, they can potentially bag a 'bargain', whereas all it takes is two motivated buyers to drive a price extremely high as 'auction fever' kicks in.
Many number plate dealers offer to value your number plate for free. Some of these valuations are computer generated; others can be done over the telephone. The reason they do this for free is that they want to sell your number plate on your behalf and take a percentage of the sale price as their commission.
Dealers act as the middlemen between number plate buyers and sellers very much like estate agents do with properties and they make money by loading their commission into the final selling price of the number plate. The reason for this is that with something like number plates, where there is no official guideline on value, you will probably find that the valuations that you get vary quite widely. Different experiences, opinions and levels of research will probably lead to different valuations, but getting a few will allow you to average them out.
As mentioned above, if you request a number plate valuation from a dealer, you will most likely be given a figure that they will aim to return to you. Yes they have a broad advertising reach, will take payment for the plate and complete the paperwork - but you have to decide if this is worth the money to you personally. Looking back at the amount that you paid for your number plate is another good indicator of its value.
If there were that kind of profit to be made, then the plate would probably been snapped up a long time ago by one of the many dealers or traders that buy and sell for a living. However, unless it spells a name or word, or has a meaning that would add value to it then there may well still be very similar plates for sale at the DVLA, which drives down the price of your number plate.
Who might buy your number plate and how much would they be willing or can they afford to pay? If your plate were P1 LOT for example, then you would assume that a pilot might want to buy it. As we all know, being a pilot is a fairly well paid profession, so you can also assume that they can afford to pay a good price for it.
If your number plate were a car related plate, for example C10 RSA , then you would expect it to appeal to any Vauxhall Corsa owners. You would have to consider how much they would be willing to pay for this in comparison to the value of the car.
L4 MBO on the other hand, would probably fetch a lot more given the value of the car it is likely to be placed onto. This is another of the most important elements that go into valuing your number plate. Is your plate worth more if you sell it with your car?
Possibly, but more than likely not. These can be a great way to make your car stand out from others on the market, whilst simultaneously hiding its age and by selling the plate with the car, you avoid having to remove it from the vehicle and find a buyer for both separately.
Not everyone wants a personalised number plate, and some people already have their own so including yours creates work for them. Is your plate worth more as part of a set or a pair? In some cases it can be, but this really depends on the plates in question. If you have two matching plates like 1 ABH and ABH 1 , then the same person may well want to buy both plates and pay a premium for them.
Does your plate need illegal spacing or modifications to give it meaning? If your number plate needs to be illegally spaced or requires modified characters or conveniently placed bolts for it to have any meaning then the value it will be seriously affected. The DVLA and the police have become increasingly vigilant in the past few years at penalising those who misrepresent their number plates.
Misrepresenting the plate is also against the law and on that basis we advise against it entirely. The last thing to consider when valuing your number plate is leaving a little room for negotiation. There is no exact science to valuing a number plate.
This guide gives you ideas and exercises that will help you to value your own number plate and ultimately the valuation will be down to a combination of these factors. The fact is that the more time you spend determining the meaning of your number plate and the value of similar plates for sale, the more accurate your valuation is likely to be.
This guide covers many inside tips and tricks to help you uncover the true meaning and value of your number plate. If you've made it this far, thanks for sticking with us. We hope you've took some value away from this guide and that it helps you to get an accurate idea of how much your number plate is worth. As you've read, there are many factors to consider, from the type of plate, the characters, the meaning, and much more. Free Number Plate Valuations Valuing your number plate is a very personal matter as ultimately the price you set is the price you would be happy to receive.
Request a valuation valuation plates4less. Completely free advertising and marketing 24 hours a day days a year, your buyer covers our costs.
More attractive pricing to appeal to more buyers- our costs are much lower so a lot less is added to your total selling price than with other dealers Everyone wins with Plates4less! A quicker sale -more buyers viewing your reg on our website compared to elsewhere due to our top Google search position, extensive media coverage, high marketing reach and superior search -over 30, visits to our site every day and over , searches made You found us and your buyer will too!
A higher cash return from your sale with us, than advertising at the same price with other dealers- Our costs are Less so you get More, even at the same selling price! Safe, secure and confidential transactions are assured, with all popular payment types including finance on offer, to help you sell and your buyer, buy. Our unrivalled 20 plus year reputation, for professional service and great value! Sell your number plate for free and get more money back. Register Sign In. If you're still unsure about the value of your number plate then don't worry, our team of experts check every plate listed and will advise you if we feel your plate is listed too low or too high.
Complete this form for your FREE sellers account! First Name: Required. Surname: Required. Telephone 1: Required. Telephone Email: Required. Confirm Email: Required. Password: Required. Confirm Password: Required. The selling of private plates has been known to generate large rewards with personalised plates bought for up to tens of thousands of pounds. While a comprehensive valuation for your number plate is always the best way to assess its value, here are a few of the deciding factors involved, which can increase or decrease the price your plate may sell for.
While not an accurate assessment, they may give you a hint of the selling potential of your own unique number plate.
If there are many number plates similar to yours, this will detract from its value when sold. However, if it features commonly sought-after initials or names it could be worth a lot more. While every single number plate is unique and therefore rare, there are some registrations considered rarer than others that command higher prices when sold. Popular names in demand, such as John or Sarah, are often well priced too. When plates have numbers on them, the lower they are the higher the price they fetch.
The number of characters on a plate must also be taken into consideration when working out its worth. As a rule, shorter plate numbers are normally worth more. The reason for the popularity of plates with fewer characters is they tend to be older registrations. Shorter plates are not discovered in circulation as commonly as the more modern and longer plate numbers. First utilised over a century ago, they are considered a rarity and priced accordingly as they are highly prized by those who specialise in registration numbers.
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