However, many drivers wouldnt know how to go about buying one in the first place, let alone transferring a new private number plate to a car.
As well as the DVLA, a number of private number plate dealers operate across the United Kingdom. Using a private dealer may be a better option if you are searching for a highly desired plate. This is due to the fact that many private number plates change hands on a number of occasions before finding their way back onto the market for sale.
It is possible to purchase private number plates privately via auction. It is possible to pick up a bargain in this way, particularly if the current owner does not value the plate as highly as the buyer. Private number plate dealers can transfer plates directly between vehicles whilst approving personalised registration.
Some of the most cherished private number plates have been found to sell at auction for six-figure sums, fetching incredible amounts of cash. There are auctions a number of times a year with the ability to bid via phone, internet and in person. Some who cannot handle the intensity of live auction bidding may consider sending a sealed bid, in which all bids are opened for a particular private number plate and the highest bidder is awarded.
If you own some private number plates and are interested in selling your plates, it is possible obtain free valuations to gauge the interest and value. However, despite the market value, many interest bidders may be prepared to fork out increased fees in order to purchase a number plate that holds sentimental value.
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