Selling a Number Plate...Seeking advice

wickyt

Hi all,

My Mum's car has recently given up the ghost however being a 56' Morris Minor, it had a fairly quirky plate on which she has taken on and now has on retention.

On her behalf, I've been looking around on the web for advice on selling these plates and the big dealers all seem to charge a form of commission however I don't think my Mum would be adverse to paying it so long as she got a reasonable price for it. I've also considered eBay as well however I'm after any advice from people who've sold plates in the past as to the best method.

I've also had it valued by the said web companies and they're valuing it around the £1200-£1500 mark. Again, any comments on how realistic their valuations are in your opinion would be much appreciated.

wuckfit

It's difficult to know what it's worth without knowing the actual plate, but a pre '63 'ageless' plate should be worth more than an suffix plate. . Exceptions apply, such as plates that spell words; MAG 1 C for example (I think Paul Daniels owns that one) will command a high price.
If your Mum is getting a new car, why not put the plate on that? keep it in the family.

wickyt

She did think about it however she'd much prefer the cash!

The plate is OOP574 so think it could appeal to a few people...just need to get the advertising right.

Kingsd316

OOP 953 is up for £1544 (net) on this site so it may have been under valued

https://www.regtransfers.co.uk/main/secureordering/orderregmark.asp?web=1&searchpage=SearchResultsPage&searchtype=2&regno=OOP%20953&regprice=1544&index=0&st=&plateid=66957904&criteria=oop574

underlay_guru

Kingsd316 wrote: »

OOP 953 is up for £1544 (net) on this site so it may have been under valued

Or OOP 953 is only £1149 from http://www.carreg.co.uk/number_plates/search/OOP

The OP's value is just right IMO, and remember that the resellers have to make a profit too! It simply appears that regtransfers are trying to make too much profit!

wickyt

Thanks for the replies..will look into a bit more but will post back and let you know how I get on.

emmell

I think your plate looks better than the other example because the 5 makes it look like OOPS, so I would think even if it's not worth anymore it will be more desirable.
ML.

housesitter

All these reg selling places are quoting a price. It's just a number. It doesn't mean much.
On a forum I frequent people come with plates to sell which show the name of the car model. They are often quoting daft figures when historically those that have sold are 25% if not less of what they are expecting.

The usual thing they say is that's what it was valued at.
A valuation means very little. What the market wishes to pay is important. Take what they tell you with a pinch of salt.

As for the car, please say you're selling that and not scrapping it? It's worth a few bob regardless of condition. Ebay it.

wickyt

Thanks houseseller, that's pretty much what I expected hence asking for peoples opinions. I'll recommend sticking it first on eBay to see if it generates any interest and if not, then may go for the longer term solution of advertising via one of the web companies.

My Mum actually sold the car to a local Morris specialist who had serviced and looked after the car for her over the past few years. He was glad to have a Morris of that age as a project and my Mum was obviously happy to receive something back on the car.

housesitter

Good stuff. If you were wavering you might very well have had a visitor with a trailer this weekend

Hintza

wickyt wrote: »

Thanks houseseller, that's pretty much what I expected hence asking for peoples opinions. I'll recommend sticking it first on eBay to see if it generates any interest and if not, then may go for the longer term solution of advertising via one of the web companies.

Stick it on with a price around those quoted as a BIN with best offer. You might not sell it but it will give you a good indication of where you are with it.

Run up to Christmas? This could be a good week to try it!