What you Need to Know About Purchasing and Selling Personalized Number Plates

Looking to buy or sell your personalized number plate? This post can come in handy.

Buying from an authorized dealer

You can choose your personalized number plates online from a vast array of choices but make sure you log on to a registered site. Offline is also an option but it’s much slower in comparison to its initial counterpart.

You can make your purchases online or by phone as well. But remember it’s always advisable to have a face to face meeting at the very least before the final closure of the deal.

Personalized number plates aren’t inexpensive and hence, you must pay special care to verify their authenticity from all possible angles.

The issue of hidden costs

Many personalized number plates come with hidden costs which are considered to be unethical from the customer’s point of view (which indeed it is). So make sure you clarify all these things before you go ahead with your purchase.

Always believe in this policy: “You pay for what you see. You don’t pay for those you don’t see.” Make this policy of yours known to the seller as clearly as possible. And if s/he agrees with it, go ahead with the purchase with your eyes closed.

Buying from a private seller

If you pursue this option, you might be able to save yourself a whole lot of bucks in the process. But this process is also very risky.

That’s because most private sellers would not have an authorized registration with the government for sales like that. So no external government will be involved to mediate between you two. So in case, any dispute arises between you two, you might be in a world of hurt.

What happens if s/he refuses to refund your money in cases of a dispute? What would you do in such circumstances? Therefore, tread carefully before the final closure of the deal.

Selling your personalized number plates

There are a few technicalities involved in this process; so pay attention as closely as possible.

The first thing that you should do is to obtain a valuation of the number plate that you are willing to sell. You should consult a dealer to do this process on your behalf. Online calculators can also do the job for you but they aren’t trustworthy enough. It’s therefore advisable to consult a dealer for better efficiency.

The dealer may also advertise the plate for you (if you choose to do so) on his/her individual marketplace and thus, your credibility increases almost instantaneously. Your dealer should also handle all those DVLA formalities on your behalf to quicken up the procedure and increase your convenience.

Remember, all those dealer services come at a certain price. But is it worth the money? Considering all the benefits that come with it, I reckon it is. Don’t worry. The price is reasonable enough and would definitely not burn a huge hole in your pocket.

If you don’t want to go with the sale through a dealer, you need to complete all the aforementioned processes single-handedly and that too on your own. So make your decision wisely.

The DOs and DON’Ts of purchasing personalized number plates

DO set yourself a budget

A personalized number plate can get quite expensive.

Hence, it’s always advisable to chalk up a reasonable budget at the start before you go all in with the purchase. And DO stick to your budget at all costs. Flexibilities can hurt you badly if you go well beyond a limit.

DO go in with several options in your mind

A single goal may disappoint you especially when personalized number plates are concerned.

So go in with several choices and alternatives in your mind. Even the closest relative of your targeted number plate can do the trick nicely.

DO NOT ignore DVLA fees

The DVLA charges a small assignment fee accompanied by a reasonable add/modify fee on each and every personalized number plate. So make sure you consider these fees in your projected budget at the start.

So there you have it. Hope you have got most of your queries answered.

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