Number plate price comparison
How do you compare number plates? And more importantly, how do you compare number plate prices?
How do you know what's a sensible price? And when you're paying over the odds?
I mean, anyone that ever searched for a personal number plate would tell you that prices vary so much. And why do number plates that look so similar vary so much in price? What's going on?
Having spent so much time in this industry, I've found there are many reasons why 2 apparently similar private number plates can be so different in price. Sometimes there's a genuine reason: for instance, compare number plates M3 SUE and M2 SUE. M3 SUE is likely to be valued higher than M2 SUE. Why? There may not appear to be much in it... but of course, M3 represents a BMW model. And that adds to the value considerably.
Here's a good example of how the value of a personal number plate can go up with the introduction of a new model of car.
Having said that, not all the price differences can be explained as genuine. When you compare number plate prices across different websites, you soon find the same personal number plate can vary widely - and occasionally the price can double from one site to another. Ouch.
Much of that is down to how much the company charges in commission fees. And how many dealers sit between the person selling and the buyer. And very often it's the seller themselves. Having spoken to many individuals selling number plates, expectations can be unrealistic.
The bottom line is.... shop around. Compare number plate prices across different dealers. And don't overlook those selling number plates privately. That means no dealers, so no dealer premium. And usually no vat.
How do you know what's a sensible price? And when you're paying over the odds?
I mean, anyone that ever searched for a personal number plate would tell you that prices vary so much. And why do number plates that look so similar vary so much in price? What's going on?
Having spent so much time in this industry, I've found there are many reasons why 2 apparently similar private number plates can be so different in price. Sometimes there's a genuine reason: for instance, compare number plates M3 SUE and M2 SUE. M3 SUE is likely to be valued higher than M2 SUE. Why? There may not appear to be much in it... but of course, M3 represents a BMW model. And that adds to the value considerably.
Here's a good example of how the value of a personal number plate can go up with the introduction of a new model of car.
Having said that, not all the price differences can be explained as genuine. When you compare number plate prices across different websites, you soon find the same personal number plate can vary widely - and occasionally the price can double from one site to another. Ouch.
Much of that is down to how much the company charges in commission fees. And how many dealers sit between the person selling and the buyer. And very often it's the seller themselves. Having spoken to many individuals selling number plates, expectations can be unrealistic.
The bottom line is.... shop around. Compare number plate prices across different dealers. And don't overlook those selling number plates privately. That means no dealers, so no dealer premium. And usually no vat.
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