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How to Sell Your Private Number Plate Quickly

Before we start, let us make one thing clear u2013 unfortunately, it is not possible to sell your number plate to the DVLA.

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How to Sell Your Private Number Plate Quickly

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  1. How to sell your private number plate quickly

  2. Before we start, let us make one thing clear – unfortunately, it is not possible to sell your number plate to the DVLA.

  3. Introduction If you’re looking to sell your number plate quickly and for instant cash, there are a number of options. We will discuss these options in this presentation.

  4. Approach a dealer and ask if they’ll buy it into stock Some dealers buy private plates into stock, which they will then look to sell on at a profit. When a dealer purchases a plate they are tying up capital and they are taking a risk on timescales to sell at a profit. Some dealers are reluctant to buy unless the balance of risk and reward is in their favor. Any that do offer you cash for your plate, will offer you significantly less than the market value of the plate. This is understandable as they’re taking a risk and they need to return a profit.

  5. Advertise with as many dealers as possible Even if dealers don’t want to buy your plate into stock, they’ll still be happy to market it for you at no cost and sell it on a commission basis. The buyer will pay their commission. If you want a lot of exposure, we’d recommend registering your number plate for sale with as many dealers as possible. This will ensure your plate is seen by the majority of people who are actively looking to buy a number plate.

  6. List it on eBay with a low bid starting price Listing your plate on eBay with a really low starting price provides you with further exposure to the market. This can be a high risk strategy but it can achieve a quick sale if you don’t mind selling it for less than it’s real market value.

  7. List it on as many free websites as possible There are several free listing websites where you can advertise at no cost. It is worth considering Facebook Market Place and Gumtree, but these tend to focus on local markets in your area. A further downside of these media portals is that they don’t have a dedicated number plate sales category, and the audience is not going to be targeted so the chances of finding a buyer are slim.

  8. Conclusion We hope this guide has given you some useful ideas on how to sell your private number plate quickly! We certainly hope you have found it useful although we would always recommend you marketing with a dealer in order to achieve the best price.

  9. Created By: www.premier-plates.co.uk

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