My personalised number plate - how long to sell?
So you've decided to sell your personalised number plate?
But will it sell? And if so, how long will it take to sell? I get asked these questions all the time.
Truth is, I can't tell you how long it will take to sell any personalised number plate. It can take as little as a couple of days, or several years.
What I can tell you is how to work out how likely it is to sell.
The basics are pretty straightforward. Take a look at how many similar number plates are available for sale. For some letter combinations, there are literally hundreds for sale. For instance, take the letters CLG. At the time of writing, there are over 100 'good' prefix number plates for sale, with the letters CLG. By 'good', I mean prefix number plates where the digit is under 20(these are usually the first to sell). If you go over 20, there are literally 100's available. So, if you're selling K22 CGL (for example).... it may take a while. If you sell via a number plate dealer, there's the dealer's premium that will be added to whatever price you agree with them. So that's likely to set the price at around £400+.
As there's plenty of choice, a buyer is probably going to choose K19 CLG, priced at under £200.
So what about something a little less straightforward? Here's a Porsche number plate for sale. Yes, it's got 911 - so great for a Porsche 911 owner. JPH - a reasonably common set of initials. Great. So now all we need is a buyer with the initials JPH, and a Porsche 911.... a narrow market. Not impossible, but may take a while.
See where I'm coming from?
Then of course there's th price bracket. You may have a fantastic personalised number plate for sale. Maybe something like... PAU 111S. That'll appeal to 10,000's of possible buyers. Fantastic. Should sell pretty quickly then? No. Of course, such a good personalised plate will attract a higher asking price. It's likely to sell for well in excess of £10,000. So we're looking for a very rich man named Paul! It could take a year or more to sell this number plate.
Realistically, a well priced good number plate will sell more quickly. Popular shortened names (like Sue or Rob) will sell if they're priced competitvely. As will initials that are common (such as AJB or JMH). Again, there has to be a reason a buyer will choose yours over other personalised number plates for sale.
In a nutshell, patience is key. Most personalised number plates will take a little time to sell. And it's important to anticipate the extra DVLA fees that might be associated with keeping the registration number on retention (if applicable).
But will it sell? And if so, how long will it take to sell? I get asked these questions all the time.
Truth is, I can't tell you how long it will take to sell any personalised number plate. It can take as little as a couple of days, or several years.
What I can tell you is how to work out how likely it is to sell.
The basics are pretty straightforward. Take a look at how many similar number plates are available for sale. For some letter combinations, there are literally hundreds for sale. For instance, take the letters CLG. At the time of writing, there are over 100 'good' prefix number plates for sale, with the letters CLG. By 'good', I mean prefix number plates where the digit is under 20(these are usually the first to sell). If you go over 20, there are literally 100's available. So, if you're selling K22 CGL (for example).... it may take a while. If you sell via a number plate dealer, there's the dealer's premium that will be added to whatever price you agree with them. So that's likely to set the price at around £400+.
As there's plenty of choice, a buyer is probably going to choose K19 CLG, priced at under £200.
So what about something a little less straightforward? Here's a Porsche number plate for sale. Yes, it's got 911 - so great for a Porsche 911 owner. JPH - a reasonably common set of initials. Great. So now all we need is a buyer with the initials JPH, and a Porsche 911.... a narrow market. Not impossible, but may take a while.
See where I'm coming from?
Then of course there's th price bracket. You may have a fantastic personalised number plate for sale. Maybe something like... PAU 111S. That'll appeal to 10,000's of possible buyers. Fantastic. Should sell pretty quickly then? No. Of course, such a good personalised plate will attract a higher asking price. It's likely to sell for well in excess of £10,000. So we're looking for a very rich man named Paul! It could take a year or more to sell this number plate.
Realistically, a well priced good number plate will sell more quickly. Popular shortened names (like Sue or Rob) will sell if they're priced competitvely. As will initials that are common (such as AJB or JMH). Again, there has to be a reason a buyer will choose yours over other personalised number plates for sale.
In a nutshell, patience is key. Most personalised number plates will take a little time to sell. And it's important to anticipate the extra DVLA fees that might be associated with keeping the registration number on retention (if applicable).
Labels: number plates for sale, personalised number plates, sell number plate
