Is Your Private Number Plate Really Worth? Here’s What You Need To Know

If you are considering selling a personalised plate, there are many things that you need to consider apart from asking price. Having observed that buyers check every single aspect that determines the real value of your private number plate. 

There are several factors that must be taken into consideration, depicting the true value of a private plate. Listed below are some of them that will tell you how much is your number plate worth. 

1. Number Plates Rarity: The number of registration plates issued in a specific time and range influences the value of a mark substantially. For example, there were far less dateless registrations released than there were in any other range and as a result, they tend to have a higher value. In a nutshell, it can be said that the value of a registration plate will depend on how many other similar registrations are available. 

2. Popularity: There’s no arguing with the fact that the most sought after thing among people is the common name and initially represented on available number plates. As a matter of fact, a registration mark showing a popular name will be in high demand. There are some good examples for the same, XX51 MON and 4 SUE.  


3. Letters: The letters also play a major role in determining the value of a private number plate. The dateless styles of registration marks have between one and three consecutive letters will have three consecutive letters. And as a result, dateless marks that have one or two letters are more valuable and worth than one with three. For example, JS 42 and J 42 are both worth more than JPS 42.

4. Price Trends: It is quite important for you to do careful comparisons with similar registration numbers as this will help you get pricing knowledge, allowing you to get a true value of a personalised plate. It’s observed that there are some number plate dealers tend to have a bias on their stock value, therefore it's important to consider registrations from different sources to converge on realistic market values.

5. Match Quality: Always remember that the match quality, the correlation of a name/word and a registration number matters a lot when it comes to finding the value of a number plate.

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