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How are Number Plates Valued

As with most things in life, price or value is determined by rarity and desirability. As far as rarity is concerned, every number plate registration mark is rare as there is only ONE example of it. Thus desirability to the buyer is the main factor determining value. One needs to ask oneself what does the number plate do for the person concerned, how well does it do it, and how many other number plates (although different) can do a similar job.
Personal number plates vary in value from a couple of hundred pounds to tens of thousands of pounds based on these facts.

It is therefore easier to understand that registration marks which accurately spell a word, name or phrase are highly desirable. How accurately they do this determines their value to the buyer as does the level of availability of similar examples for sale at the time the buyer is buying.

Less is nearly always worth more. The fewer letters and numbers a person needs to display on their number plate to do the job in question then the more they will be prepared to pay for it. This is because succinct number plates are extremely distinctive and noticeable. They are also much rarer than more modern examples due to the simple fact that they were issued many years ago and few examples of such registration marks were transferred to newer cars. Thus when the vehicle came to the end of its life so did its registration number, if it was still on it at the time. Therefore there are relatively few short number plates in circulation AND EVEN FEWER ON THE OPEN MARKET AT ANY GIVEN TIME.

In order to be as accurate as possible with our valuations we not only take the above factors into consideration but also keep extensive records of sale prices achieved and the circumstances they were achieved under. A registration sold privately will seldom achieve the same price it would in an exciting auction situation whereby 2 or more buyers are bidding for it in turn to drive the price up.

An inaccurate valuation is usually demonstrated quite quickly by the lack of interest shown in it by potential buyers and vice-versa.

 

 
 
 
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Important Private Number plates and DVLA Information
DVLA is the government agency responsible for all regulatory matters related to the issue and display of private number plates and car registrations in the UK. The DVLA acronym means Driver and Vehicle Licensing Agency and its head quarters are here in Swansea from where it controls all UK private registration plates. It was formerly called the DVLC standing for Driver and Vehicle Licensing Centre but this title was changed in 1990 and so is now obsolete. In Northern Ireland the government agency responsible for controlling and issuing Irish number plates is DVA this acronym meaning the Driver Vehicle Agency.
DVLA is a registered trade mark of the Driver & Vehicle Licensing Agency. We contract the agency on a daily basis but VRM Swansea  Plates4less is in no way affiliated to the DVLA or DVLA Personalised Registrations.
 
All personalised number plates and personal registration marks mentioned in this site are either British i.e. issued and controlled by the DVLA Driver and Vehicle Licensing Agency  here in Swansea or Northern Irish i.e. issued by the DVA NI (Driver and Vehicle Agency Northern Ireland) in Coleraine. They are only for display on vehicles registered in the UK and Northern Ireland.

Personal Number plates : Follow the law
As responsible personalised number plates agents we feel it is important that our visitors and customers understand the law regarding the supply and display of cherished number plates as they are valuable assets and should be protected. It was once possible to buy cheap number plates from any private car numberplates maker without any evidence of your entitlement to the car registration numbers. These days you need to provide the private registration plates manufacturer with a V948 number plate authorisation certificate which is issued by the DVLA only after your keeper’s entitlement has been checked. Your numberplates are an important identifying feature of your vehicle and can be cloned to provide a false identity to any vehicle for those engaged in vehicle related crime. There are now many stories that tell of speeding fines collected in areas of the UK where car owners have never visited, due to the display of duplicate number plates  by criminals.

The law on the display of vehicle registration numbers is now very strict and personal number plates owners may not use decorative or fancy fonts. Letters and numbers must be of the correct size, style and spacing with private registration plates also conforming to strict British Standards in their materials and manufacture. To break the law on the manufacture and display means you risk having your entitlement to your cherished registration plates permanently withdrawn and face a substantial fine of up to £1000. Incorrectly displayed private plates or personalised reg marks will be enough to make your vehicle fail its MOT test.

 VRM Swansea Plates4less is a DVLA registered number plate supplier (supplier no: 3166) and a recognised reseller of DVLA Personalised registrations. In recognition of this fact we only supply fully road legal number plates. DVLA, Driver and Vehicle Licensing Agency, DVA NI Driver and Vehicle Agency Northern Ireland, are registered trademarks

See also: Private Car Registrations | Registration Numbers | Registration Plates | Irish Number Plates DVA NI | Private Number Plates