Will my personal number plate sell?
Comparing your number plate is the answer....
If you've ever tried selling a personal number plate, you'll know it's not easy. And it can take months, if not longer, to sell one.
Why does a personal number plate stay on the market for so long? Why is it so difficult to sell a personal car registration number plate?
If you're selling a high value personal number plate, the number of possible buyers with the budget to buy it will be smaller. So you'll need to be patient.
Even a cheap personalised registration plate can take a long time to sell.
This is because there are just so many number plates on the market at £500 and below. So comparing the personal number plate you're selling with what else is on the market is the key. Or more importantly, compare number plate prices. Be realistic. If there are lots of very similar number plates for sale, you must price yours competitively if you want someone to choose your personal number plate over someone else's. If your personal registration number is really special, you can afford to ask for a higher price.
Number plate prices vary widely, and sometimes there appears to be no rhyme nor reason for the variation.
Let's take a (theoretical) example:
Personal number plate I want to sell: H22 PLG. Let's say I bought it for £250. It's natural I'd hope to get a little more for it a couple of years down the line. But when I compare my car registration number plate to the other number plates for sale, I find there are over 70 number plates for sale that are very similar to mine. So can I sell my number plate for more than the other 70 number plates? I'd say it was unlikely.
But chances are that it will be offered for sale for more than £250. Especially if I sell via a dealer. That's because there's a dealer commission built into the asking price. So what are the chances of my selling my number plate?
If you've ever tried selling a personal number plate, you'll know it's not easy. And it can take months, if not longer, to sell one.
Why does a personal number plate stay on the market for so long? Why is it so difficult to sell a personal car registration number plate?
If you're selling a high value personal number plate, the number of possible buyers with the budget to buy it will be smaller. So you'll need to be patient.
Even a cheap personalised registration plate can take a long time to sell.
This is because there are just so many number plates on the market at £500 and below. So comparing the personal number plate you're selling with what else is on the market is the key. Or more importantly, compare number plate prices. Be realistic. If there are lots of very similar number plates for sale, you must price yours competitively if you want someone to choose your personal number plate over someone else's. If your personal registration number is really special, you can afford to ask for a higher price.
Number plate prices vary widely, and sometimes there appears to be no rhyme nor reason for the variation.
Let's take a (theoretical) example:
Personal number plate I want to sell: H22 PLG. Let's say I bought it for £250. It's natural I'd hope to get a little more for it a couple of years down the line. But when I compare my car registration number plate to the other number plates for sale, I find there are over 70 number plates for sale that are very similar to mine. So can I sell my number plate for more than the other 70 number plates? I'd say it was unlikely.
But chances are that it will be offered for sale for more than £250. Especially if I sell via a dealer. That's because there's a dealer commission built into the asking price. So what are the chances of my selling my number plate?
Labels: car registration number plate, compare number plate prices, personal number plates, sell number plate
