Valuing Your UK Private Number Plate : Get The Best Price You Can
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.
Additionally, some of these dealers have their own websites and may offer a valuation service at no charge to you. Ironically, there is no government authority or definitive handbook in existence today that can inform you as to the actual value of your private number plate.
However, the CNDA or Cherished Numbers Dealer Association does offer a certifiable valuation service which the accountancy or legal professions, the Customs and Excise, and insurance companies will typically use. The starting rate for CNDA valuations is 50 plus VAT. Also, check online to get an idea of the kind of price you can expect.
Learn more about private registration plates. Visit the DVLA, the UK’s main authority on number plates.
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