Buying a personalised registration currently on a vehicle

[FlexRay]

Hi,

I found the owner of a registration I am interested in, providing he is willing to sell has anyone used some sort of reg plate broker to do the deal for them?

I don't expect the guy to trust me, I don't know If i can trust him, I presume its either use some sort of broker or do the deal in person?

Thanks in advance

Craig

[Jordie Barretts sock]

Why on earth would you need a broker?

- Hello mate can I buy your car reg?

- Yes, £5k and you pay the transfer fee

- Ok, bank transfer ok with you?

Done.

Tell you what if you really need a broker, I'll do it for you.

[ferret50]

In simple terms, the current user of the plate needs to place it on retention with DVLA, so that DVLA can issue a replacement plate to his vehicle. Then he can sell you the retention cert.
There will be a fee from DVLA, which the seller will most likely expect you, the purchaser, to pay.

[Jordie Barretts sock]

ferret50 said:

In simple terms, the current user of the plate needs to place it on retention with DVLA, so that DVLA can issue a replacement plate to his vehicle. Then he can sell you the retention cert.
There will be a fee from DVLA, which the seller will most likely expect you, the purchaser, to pay.

Which is £80 and all the above can be done in minutes online.

Plus of course, whatever you agree for the sale of the plate.

[GMac1]

Safest method is to assign straight to your car assuming the certificate is held on retention and in the sellers name. Meeting in person could be a cheaper alternative to using a broker. A broker will typically charge around £150 for a plate valued up to 7k approx. Do not just buy and transfer details on the certificate. Spend £80 to put it on your car and then remove it back to certificate if your looking to sell it on. This way is then in your name. The seller could easily request a new one after the sale. (It does happen, also out of date or stolen certificates are being sold as part of scams). Keep a paper trail and do your homework, if it doesn't feel right or seems like the bargain of the century then think again.

[FlexRay]

Jordie Barretts sock said:

Why on earth would you need a broker?

- Hello mate can I buy your car reg?

- Yes, £5k and you pay the transfer fee

- Ok, bank transfer ok with you?

Done.

Tell you what if you really need a broker, I'll do it for you.

This is not helpful but thanks anyway. I do not know nor trust strangers, I have no idea where he lives and may not be able to do the deal in person, a broker some would say would be an ideal scenario.

Anyway thanks.

[FlexRay]

GMac1 said:

Safest method is to assign straight to your car assuming the certificate is held on retention and in the sellers name. Meeting in person could be a cheaper alternative to using a broker. A broker will typically charge around £150 for a plate valued up to 7k approx. Do not just buy and transfer details on the certificate. Spend £80 to put it on your car and then remove it back to certificate if your looking to sell it on. This way is then in your name. The seller could easily request a new one after the sale. (It does happen, also out of date or stolen certificates are being sold as part of scams). Keep a paper trail and do your homework, if it doesn't feel right or seems like the bargain of the century then think again.

Thanks GMac1

Lots of useful information. I'll get all the facts first and move forward. Meeting in person is probably the best idea and assigning it then and there to my vehicle.

[Jordie Barretts sock]

Isn't that what I said?

I think you are being overly precious here.

If you don't trust strangers, why are you asking on an anonymous public message board for advice?

And then telling us that give advice it isn't helpful?

[FlexRay]

Jordie Barretts sock said:

Isn't that what I said?

I think you are being overly precious here.

If you don't trust strangers, why are you asking on an anonymous public message board for advice?

And then telling us that give advice it isn't helpful?

Good chat Jodie, welcome back anytime.








Not

[Jordie Barretts sock]

Who is Jodie?

[MrBen986]

Surely a broker would also be a stranger? Very odd.

[sixor8]

If you use form V317, you can transfer straight from one car to another. If you are with him when this is done, you could pay at the same time maybe:

https://www.gov.uk/government/publications/applica...

[FlexRay]

MrBen986 said:

Surely a broker would also be a stranger? Very odd.

You are as bad as Jodie.

"A broker is a person that facilitates transactions between traders, sellers, or buyers. Think of a broker as a middleman who ensures transactions can run smoothly and that each party has the necessary information. Brokers exist in many industries, including insurance, real estate, finance, and trade"

In other words, for a fee, the 3rd party broker is the person that can actually be trusted especially when the parties don't know each other.

I would like to thank everybody apart from Jodie and Ben for their help.

FlexRay

[MrBen986]

Thanks Ray, after over 25 years as a broker, I wondered what they did.

Thankfully my clients all trusted me, despite being strangers when we met.