My friend is selling a registration plate on retention.
Discussion
All,
My firend was left a car by his late uncle (tidy old Rover 75) and he has what is probabaly a reasonably valuable plate on certificate in his late uncles name (car V5 is in my friends name on the original plate).
The Reg is TAE *S (single digit)
A couple of questions really......
- Is this an easy sell as the cert is not in his name even though the car is?
- How valuable might it be - ballpark?
- What are his options to sell for a fair price?
Thanks in advance :-)
My firend was left a car by his late uncle (tidy old Rover 75) and he has what is probabaly a reasonably valuable plate on certificate in his late uncles name (car V5 is in my friends name on the original plate).
The Reg is TAE *S (single digit)
A couple of questions really......
- Is this an easy sell as the cert is not in his name even though the car is?
- How valuable might it be - ballpark?
- What are his options to sell for a fair price?
Thanks in advance :-)
I can't comment on process for changing name but I would imagine this is the best option
I sold my private plate on eBay, it took over a year listing it though. I did the transfer process direct from retention to the buyers car online it was actually very easy, although IIRC you are not supposed to do this - supposed to be the buyer doing it I think.
Either way it worked.
You can try and list it on reg transfers, I had mine on there but didn't get any interest, they might give you a ball park but a private plate is only worth what someone else is willing to pay.
If nobody with initials TAE sees the add, then unlikely to sell it.
I sold my private plate on eBay, it took over a year listing it though. I did the transfer process direct from retention to the buyers car online it was actually very easy, although IIRC you are not supposed to do this - supposed to be the buyer doing it I think.
Either way it worked.
You can try and list it on reg transfers, I had mine on there but didn't get any interest, they might give you a ball park but a private plate is only worth what someone else is willing to pay.
If nobody with initials TAE sees the add, then unlikely to sell it.
If your friend were to double check, he may find that his uncle had used the online facility at DVLA to transfer the retained number onto his nephew's (your friend's) car just before he passed away.
As long as they didn't use the "tell us once" service after Uncle's death, dates should not really be an issue.
The retained plate then becomes "owned" by your friend on his car and, when it is time to sell, he can transfer it to the buyer and get his original registration back on his car. Fee £80.
As long as they didn't use the "tell us once" service after Uncle's death, dates should not really be an issue.
The retained plate then becomes "owned" by your friend on his car and, when it is time to sell, he can transfer it to the buyer and get his original registration back on his car. Fee £80.
I'm not a legal expert by any stretch but here's my opinion...
I'm assuming he is not the next of kin, and has just been specifically gifted the car in the will?
Was he also gifted the number plate? If not, I think it will belong to whoever owns his estate. They could choose to give it to your friend as well as the car, and if they did that I think they would complete the Nominee on the retention certificate and sending it back to the DVLA. They would then send him a certificate for the plate in his name.
I think that is how it would work. Your friend should probably check with whoever is handling the affairs to be on the safe side, as well as the DVLA to make sure the paperwork is handled correctly.
As for sale, I used Reg Transfers to sell one of mine. It was quick and easy, they may help you with valuation of it but when I did it if I recall they just asked me how much I wanted for it and then worked to get somewhere close to that. I've no idea how you'd actually 'value' a plate beyond that.
I'm assuming he is not the next of kin, and has just been specifically gifted the car in the will?
Was he also gifted the number plate? If not, I think it will belong to whoever owns his estate. They could choose to give it to your friend as well as the car, and if they did that I think they would complete the Nominee on the retention certificate and sending it back to the DVLA. They would then send him a certificate for the plate in his name.
I think that is how it would work. Your friend should probably check with whoever is handling the affairs to be on the safe side, as well as the DVLA to make sure the paperwork is handled correctly.
As for sale, I used Reg Transfers to sell one of mine. It was quick and easy, they may help you with valuation of it but when I did it if I recall they just asked me how much I wanted for it and then worked to get somewhere close to that. I've no idea how you'd actually 'value' a plate beyond that.
Edited by Cloudy147 on Thursday 16th June 16:04
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