How should you sell your number plate?
So, you've decided to sell your private number plate. The first step is to get your free valuation. Our quotation gives you an idea of your number's current market value and it gives us a chance to assess the saleability of the registration. Our valuations are based on decades of experience and hundreds of thousands of successful number plate transfers.
There are two ways to sell your registration with Regtransfers:
- You can authorise us to advertise it for sale.
- You can list it for sale in our online auction.
There is no "best" way to sell. Both have their advantages; that's why we let you do both at the same time if you want to.
Advertising your number plate
When we send your valuation you will see a checkbox that allows you to give us permission to advertise your number plate. It's as simple as that. We will add your number to our database, list it on our website and include it in direct marketing to people who are looking for numbers similar to yours. If someone purchases at the price you have set, or makes an offer to buy at a different price, we will let you know immediately.
If you have asked us to advertise your number then your registration will appear in the search results on our website, in targeted mailshots to people who have registered interest in similar numbers and may also be advertised elsewhere.
Letting us advertise your number online and in our marketing shots means you can just sit back and wait for us to come to you with offers when prospective buyers come forward. This may be the best method for someone selling a registration with a high price, who realises that it could take a while to find a buyer looking for a similar number at that price level.
Auctioning your number plate
Our auction works simply and securely, with no buyer's premium to pay and all the usual benefits you would expect. You can set a starting price, a buy-now price, a reserve price and the duration of the auction. The auction may be the quickest way to sell your plate, especially if you have priced it competitively.
Our auction is fully managed by our experienced team, who handle all the DVLA paperwork on your behalf. As a DVLA registered supplier, we oversee every transaction securely and legally, giving both buyers and sellers complete peace of mind.
If you haven't already had your free valuation, we will provide one as a guide when you list your number plate in our auction.
Advertising in the auction can result in a quicker sale as auctions have a set duration. The element of competition in an auction context can also push the price up, as numbers with something that makes them widely desirable (popular names or initials, for example) may attract several competing bidders.
If you list your number plate for sale in the auction, then we'll still include it in the search results but that search result will link through to your plate in the auction. Similarly, the targeted mailshots we send out will alert people to the fact that your number is up for auction. Neat, eh?
If your registration doesn't sell in the auction, it will be advertised on our website to give you every opportunity to secure a sale.
So, advertise or auction?
There is no wrong answer so why not try both? Get your free valuation today and we'll help you decide which option works best for your registration.
Sell your number plate in our auction (requires you to sign in or register)
FAQs
Advertising lists your plate for sale at a set price until a buyer is found. Auctioning lists it for a fixed period where buyers bid competitively. Both methods are available simultaneously through Regtransfers.
Yes. Regtransfers allows you to use both methods at the same time. Your plate will appear in search results and targeted marketing whether you advertise, auction or both.
You can request a free, no obligation valuation directly on the Regtransfers website. The valuation is based on current market conditions and comparable sales.
If your registration doesn't sell, it will be advertised for sale on the Regtransfers website to give another opportunity to secure a sale. You can amend this at any time in the Valuations section of your account. You may also list it again in the auction, if you choose to.
Within the first seven days after the end of the auction, if there are bids on your registration that do not meet your reserve price, you also have the option of offering the highest bidder a second chance to purchase your registration at their bid price. The bidder will be emailed and then has 7 days to complete the purchase online.
No. If you haven't already had a free valuation, Regtransfers will provide one as a guide when you list your number plate in the auction.
