Friday, 11 April 2014

You Can Sell Your Car and Retain Your Personalised Registration Plate

If you're considering reselling your automobile, there are several different things to bear in mind. Have you got a certain idea on how much you expect to sell it for? What's the most practical approach to sell it? How quickly do you want it sold? And what about your plates? If you have a personalised registration plate, you'll more than likely want to keep it - either to place onto a new car right away or perhaps to keep as you make a decision on what you want to do with it.

Simply put, when you get a private registration, what you are really buying is, in fact, the privilege to designate that specific number to a car - and exhibit that number on the number plates of the car. Seeing that many people see acquiring private registration plates as a smart investment, you probably won't want to lose your personalised registration plates after you let go of your car. So how do you actually go about this? What's the process you need to go through to sell your automobile but retain the private registration?

What exactly should you do if you are transferring the private registration to a new car? To begin with, both the car with the personalised registration and the car you are transferring the number to (regardless if a different automobile in your name, another car you are intending to acquire, or perhaps another person's automobile) will need to be registered with the Driver and Vehicle Licensing Agency (DVLA), tax is up-to-date (or just recently taxed for the car which presently has the registration plates), and readily available for evaluation. Then, you will have to complete a V317 ('application to transfer or retain a vehicle registration number') form, in addition to including a fee of 80 pounds, an M.O.T. certificate for each of the vehicles, and also the certificate of registration of each vehicle - along with an accomplished 'application for a vehicle registration certificate' form (V62). Additionally, you will need to enclose a V10 form, insurance certificate, and tax, if either of the vehicles need to be subject to taxes. Application submissions are normally completed within two weeks (except in cases where the Driver and Vehicle Licensing Agency wish to look at either car), and you'll then obtain certificates of registration for both cars.

In order to keep DVLA cherished numbers, the process is much the same, and you will actually be completing the same form ('application to transfer or retain a vehicle registration number'). The very same basic rules apply. Provided that you're the documented keeper of the car, you may hold the registration number on a V778 retention document. This will last for 1, 2 or 3 years, costing 105 pounds, 130 pounds, or 155 pounds. Just make sure you always keep the retention papers secure; you are going to need it when assigning the registration number to a new vehicle later on.

Remember that there are some conditions when it comes to moving or retaining a personalised registration: you can't transfer it if the number is going to make the car appear younger than it really is, and also you can't move a personalised registration if it starts with a 'Q'' (or NIQ in N. Ireland).

No matter what you decide concerning your registration plates, a web-based specialist private number plate dealer could help you purchase, offer for sale, or transfer private registrations, and should you get bogged down on any part of the procedure, they will be ready to give skilled advice and support. Just remember that it is up to you to inform your insurance broker of any alterations to your vehicle or registration.

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