Removing A Plate - Affect On Value
Discussion
I've been offered £5k for a No. Plate on an £80k (hopefully) Padgett Bentley Special
As classic prices have nose dived, I'm tempted to take it
If we could pretend not to be PH Directors for a moment, realistically would it affect the value ?
The car is known in Bentley circles and is in one of the books, on this 5 digit plate
Personally it wouldn't bother me and as it's a Special anyone craving originality, wouldn't buy the car anyway
I think they'll be more interest at 75k without the plate than at 80k with it
No doubt someone will say advertise it and then remove the plate if the new owner doesn't want it but as anyone who has ever sold a plate will know, there's not many buyers out there
(Thanks Mod for sending me the reason and post)
As classic prices have nose dived, I'm tempted to take it
If we could pretend not to be PH Directors for a moment, realistically would it affect the value ?
The car is known in Bentley circles and is in one of the books, on this 5 digit plate
Personally it wouldn't bother me and as it's a Special anyone craving originality, wouldn't buy the car anyway
I think they'll be more interest at 75k without the plate than at 80k with it
No doubt someone will say advertise it and then remove the plate if the new owner doesn't want it but as anyone who has ever sold a plate will know, there's not many buyers out there
(Thanks Mod for sending me the reason and post)
I tend to disagree.
Anyone who is prepared to pay north of 50k for an old toy car with history will probably pay the extra 5k for the complete package.
You are talking about people who don't see a difference between £80k and £90k.
Without the complete package factor of the plate the car is known as in marque anorak circles, many people won't want it at all.
People have vast choice of 'special' cars to buy.
Very few IMHO are thinking 'Id buy that if it was £5k cheaper', we're thinking, 'I'd have that if I won the lottery or if it was banger money'.
Many of us are thinking 'that's nice to see, but I don't actually want to own it'
If you could get a very big slice of the car's value for the plate, that would be different IMHO.
I suppose there might be some people who would have certain cars for either display or track use and wouldn't care too much if their toy shared its regno with some tart's Range Rover? They'd keep the old plate on it and not put the car on the road?
Anyone who is prepared to pay north of 50k for an old toy car with history will probably pay the extra 5k for the complete package.
You are talking about people who don't see a difference between £80k and £90k.
Without the complete package factor of the plate the car is known as in marque anorak circles, many people won't want it at all.
People have vast choice of 'special' cars to buy.
Very few IMHO are thinking 'Id buy that if it was £5k cheaper', we're thinking, 'I'd have that if I won the lottery or if it was banger money'.
Many of us are thinking 'that's nice to see, but I don't actually want to own it'
If you could get a very big slice of the car's value for the plate, that would be different IMHO.
I suppose there might be some people who would have certain cars for either display or track use and wouldn't care too much if their toy shared its regno with some tart's Range Rover? They'd keep the old plate on it and not put the car on the road?
I'm assuming that the car has had the chassis shortened, a completely different body fitted and numerous other modifications carried out such that it bears no resemblance to the original car.
Replacing the number will have no effect on the value IMHO. Buyers of such cars are interested in what they are - definitely not what they were.
Replacing the number will have no effect on the value IMHO. Buyers of such cars are interested in what they are - definitely not what they were.
GoodOlBoy said:
I'm assuming that the car has had the chassis shortened, a completely different body fitted and numerous other modifications carried out such that it bears no resemblance to the original car.
Replacing the number will have no effect on the value IMHO. Buyers of such cars are interested in what they are - definitely not what they were.
YesReplacing the number will have no effect on the value IMHO. Buyers of such cars are interested in what they are - definitely not what they were.
It even had a Mountney steering wheel
If the person buying knows the car by its current plate I'd expect the conversation to go something like:
Buyer: So what happened to the XXX number plate on this £75k car?
Seller: I sold it and took that off the sale price.
Buyer: How mich did you sell it for?
Seller: £5k.
Buyer: OK, so you were going to ask £80k, sold the plate for £5 and now have it listed for £75k - but if I want that plate back I'm probably going to have to pay £10k so will you take £70k for the car as-is?
Buyer: So what happened to the XXX number plate on this £75k car?
Seller: I sold it and took that off the sale price.
Buyer: How mich did you sell it for?
Seller: £5k.
Buyer: OK, so you were going to ask £80k, sold the plate for £5 and now have it listed for £75k - but if I want that plate back I'm probably going to have to pay £10k so will you take £70k for the car as-is?
It doesn't look to me like it will sell for what you want, anyway.
It may be that the plate would entice a buyer to make you an offer that might not have been made at all. You could try covering the plate and try to sell it at the lower price but my gut feeling is they would make an overall lower offer even with the plate.
I suppose the question is what plate would go on if you sold it.
It may be that the plate would entice a buyer to make you an offer that might not have been made at all. You could try covering the plate and try to sell it at the lower price but my gut feeling is they would make an overall lower offer even with the plate.
I suppose the question is what plate would go on if you sold it.
I would also be wary of selling the plate, and then, being a modded special, there's a risk the DVLA won't grant you a replacement age related plate, and insist on IVA and thus the rest of the car is worthless....................
I'd sell the car with the plate for what you can, and let the next owner play russian roulette with the DVLA if they choose to flog the plate for a few k's.
I'd sell the car with the plate for what you can, and let the next owner play russian roulette with the DVLA if they choose to flog the plate for a few k's.
//j17 said:
If the person buying knows the car by its current plate I'd expect the conversation to go something like:
Buyer: So what happened to the XXX number plate on this £75k car?
Seller: I sold it and took that off the sale price.
Buyer: How mich did you sell it for?
Seller: £5k.
Buyer: OK, so you were going to ask £80k, sold the plate for £5 and now have it listed for £75k - but if I want that plate back I'm probably going to have to pay £10k so will you take £70k for the car as-is?
I asked for none PH pretend Director replies Buyer: So what happened to the XXX number plate on this £75k car?
Seller: I sold it and took that off the sale price.
Buyer: How mich did you sell it for?
Seller: £5k.
Buyer: OK, so you were going to ask £80k, sold the plate for £5 and now have it listed for £75k - but if I want that plate back I'm probably going to have to pay £10k so will you take £70k for the car as-is?
OutInTheShed said:
Acid test is to list in for auction, with or without the plate.
It's a bit late then 
I'm fully expecting to lose money on it I've been watching what I would consider to be a better one, fail to sell for the last year
At least we sold the Peterson at the top of the market
KTMsm said:
//j17 said:
If the person buying knows the car by its current plate I'd expect the conversation to go something like:
Buyer: So what happened to the XXX number plate on this £75k car?
Seller: I sold it and took that off the sale price.
Buyer: How mich did you sell it for?
Seller: £5k.
Buyer: OK, so you were going to ask £80k, sold the plate for £5 and now have it listed for £75k - but if I want that plate back I'm probably going to have to pay £10k so will you take £70k for the car as-is?
I asked for none PH pretend Director replies Buyer: So what happened to the XXX number plate on this £75k car?
Seller: I sold it and took that off the sale price.
Buyer: How mich did you sell it for?
Seller: £5k.
Buyer: OK, so you were going to ask £80k, sold the plate for £5 and now have it listed for £75k - but if I want that plate back I'm probably going to have to pay £10k so will you take £70k for the car as-is?
Most used car sales are a negotiation. Seller puts a price on the sticker/buyer tries to knock a bit off - but generally needs a reason/excuse to justify it. Now that could be a scratch/minor paintwork issue, the car not being matching numbers, or say being missing its original registration plate. And obviously the amount the buyer tries to knock down the seller tends to be a percentage of the car's sticker price. If someone's only asking £500 you might try to knock £5 off but if it's £500,000 you'd be looking for £450,000 rather than £499,995.
So as I said if the car is well known to the buyer by its original registration and you're selling it without the reg. you're just giving them an excuse to try and negotiate the price down. Or you can try to preempt that by listing it for £85k or £90k but you'd have to assume that prices it a +£5k or +£10k over 'the going rate' at which point you're cutting out a lot of potential buyers who will see it as either out of their price range/no reason to justify the difference vs. other cars they are looking at/the seller not really wanting to sell.
As a 5-digit plate, what format is the plate?
Some formats are rarer than others and worth more.
You could ask RegTransfers or any of the plate dealers for a quotation rather than just accepting a random offer ('dateless registrations' is a forum member on here, for example) and the Registration Numbers Club might be able to offer advice.
Some formats are rarer than others and worth more.
You could ask RegTransfers or any of the plate dealers for a quotation rather than just accepting a random offer ('dateless registrations' is a forum member on here, for example) and the Registration Numbers Club might be able to offer advice.
I don't know if it's original
I just had a load of plates valued including this one, I asked for it not to be advertised but they've taken it upon themselves to do so and have now had an offer
I've probably got 20 plates advertised and sell one or two a year so demand is pretty low IME
I just had a load of plates valued including this one, I asked for it not to be advertised but they've taken it upon themselves to do so and have now had an offer
I've probably got 20 plates advertised and sell one or two a year so demand is pretty low IME
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