"Selling my number plate through an agent is safe,
Not necessarily, because unfortunately, some agents
more trustworthy and professional than others.
Getting your free number plate
Agents should be able to help sellers like you in many ways. First off,
because they are specialists, they should be able to give you a pretty good idea of how much your
private number plate is worth. Getting a free number plate valuation online
is quite easy, buy don’t be surprised if you get
figures from different firms, because valuing number plates is notoriously tricky. A reputable agent
will always consider many factors apart from the obvious ones and give you a range of the value you
expect to achieve on the open market. They will look at how popular your letters and number may be and
how active the market is, together with sales of similar marks (if there have been any) and the
conditions of those sales. Prices achieved in public auctions will nearly always be higher than single
sales, due to competition between buyers, for example.
This is the first place that you may be taken advantage of. Unscrupulous agents have been known to down-value number plates and buy
off unwitting sellers for a pittance, only to re-list them for sale at their true value the following
day! They do have to make a profit, and some sellers are desperate for cash, but be
that some firms take full advantage of the lack of knowledge and experience of the
Also be wary of agents who are telling you ‘What
you want to hear’ and are overvaluing
plate just so that they can get it on their website and hammer down the price later on
when no offers are forthcoming!
So, do your homework!
To combat this, go online and check independent reviews
any agents that you may be considering.
(Trustpilot.com Reviews.io Goggle reviews etc)
Make sure you read their 1-star
reviews to get the full picture of how
they treat their customers.
Next, take a look at their credentials.
On their website be immediately suspicious if it’s difficult to find important information in their ‘About
Us ‘page or their Terms and Conditions of Business. Look for their Information
Commissioners’ Office (ICO) listing- vital if they are
hold your personal information and are legal data controllers, as they ought to be. Look for their
Vat registration number; any firm of a
size needs to be vat registered with the government by law. Check their DVLA
RNPS (registered number plates supplier) registration number,
again a legal requirement if they supply
number plates to the UK public.
Now, take a good look at their sale listings to get an idea of what
your private plate is worth, fore-warned is fore-armed!
Try them out to see how good they
Try their online number plate sales search to see whether you get what
you expect when you enter your search request, or something completely different and unexpected! How
good a match is the search result? How easily will a buyer searching for your plate be
able to find it?
Remember, ……if you found this agent easily, then your buyer will find them easily
Next, see what they are offering as a sales service and what it
Most reputable agents will nowadays offer you a FREE sales service provided you uphold your end of the bargain and sell your plate once you
agreed to do so. They may even offer FREE valuations for prospective clients. They can do this for free because the buyer pays
Take a close look at their Terms and Conditions of business.
If you can’t easily find them then be suspicious, as they may not be keen to let you know that by asking for a
FREE Valuation you are actually listing your number plate For Sale!
If you can find them then do try to read them to make certain they are
fair and that if they are offering FREE advertising, it really is free, provided you uphold your end of the bargain and sell your plate once you
have agreed to do so.
The main benefits of using a reputable private number
plate sales agent
Apart from getting your price right; agents are specialists
and so they devote their whole website and advertising
spend to the process of selling private registration marks.
They will list millions of registration marks and should have highly trained personnel,
skilled at negotiation so that both buyer and seller get a great deal.
They should have plenty of buyers looking at their
website every day and Trusted Associates throughout the country who they can enlist to help sell your number
plate, for no extra effort on your
By law, they are beholden to protect
identity from the buyer and their identity from you, so that
you have a safe arms-length transaction, and no comeback.
They should save you the hassle of dealing with time-wasters who like your plate but can’t really afford
it and so make silly offers, which you ought not be
They should be able to offer your
buyer many ways to pay, including finance,
that they can better afford your plate.
They should have secure systems and procedures that
allow them to take full payment before you relinquish
control of your private registration mark. That way
you know you will definitely get paid, no matter what.
The best private plate dealers or agents
will do all this for a small cost that the buyer
will pay, meaning that you get the figure you hope for. The not so good ones will ask
to consider low offers for your plate and pocket the difference, so beware!