Quick question about my car

uptomyeyes1984

Afternoon moneysavers,

just after a wee bit of advice really, we went BR in Aug10 they had no interest in my car. must be 3 years ago now for my birthday in Jan I was given a personalised plate but with the intentions of sellin it i never put it on the car, then going BR it wasnt worth selling. so every year i've used £25 of birthday money to extend my number plate. if I were to put this on my car now would I have to tell the OR or not as they had no interest in it any way? its not like i've just brought it i was given it for my birthday 3 years ago.

thank you in advance

Falze

How much is the plate worth ?

uptomyeyes1984

Falze wrote: »

How much is the plate worth ?

I think they said £250

Falze

Personally (i'm no expert) i dont think that could be classed as an asset at that value.

Someone more knolegable (clever & can spell) will be along soon.

Shakaka

i have a personalised plate worth 250 and spoke to my OR today on matter relating to my car and they said i need to pay them £50.00 and then they would "forget" about the plate.

uptomyeyes1984

Shakaka wrote: »

i have a personalised plate worth 250 and spoke to my OR today on matter relating to my car and they said i need to pay them £50.00 and then they would "forget" about the plate.

really? its not worth anything tho really and even by selling it they wouldnt get anywhere near £250 for it. i dont know if to talk to the OR but they dont have interest in it and dint have to tell them about the plate in the 1st place as it was no value nor an asset. or just wait till Aug till its all done and dusted it would only be another £25 birthday money i use again.

haremscarem

TO be honest, I wouldn't say anything. They aren't going to be interested in anything like that. Even more so if they aren't interested in your car.

To take it from you and try put it through an auction, they would waste more on fees and wages etc, on the chance someone would want that specific plate.

now

haremscarem wrote: »

TO be honest, I wouldn't say anything. They aren't going to be interested in anything like that. Even more so if they aren't interested in your car.

To take it from you and try put it through an auction, they would waste more on fees and wages etc, on the chance someone would want that specific plate.

They can be interested in it if it is worth money, read the OR notes on dealing with personal number plates. We have a number plate which was on the car when we bought it means nothing to me or my oh but we were asked the question, was it a personal number plate? If it was they would have taken it and sold it if it had any value. If it was me I would wait until August, you have had it three years so why not wait a few more months? Also you may trigger a red flag from the DVLA to the OR which might just get them asking how you got it and why you did not declare it.......Let a sleeping dog lye

now

) How does the official receiver value the vehicle? (September 2008)
In general, the official receiver may rely on the Parker’s Guide which can be accessed via the Intranet under 'Useful Contacts' and is updated regularly, to find out the guideline value of a vehicle. In any event, it may be necessary to use agents to value a specialist vehicle, like a vintage car, which is not covered in Parker’s Guide.
It is important for the official receiver to establish the value of the vehicle so that a decision can be made as to whether the sale of the vehicle will result in a net benefit to the insolvent’s estate once the cost of insurance and the agent’s fees, together with any outstanding debt to a finance company, have been taken into account. The value must also be provided on the Willis application form if the official receiver wishes to effect insurance cover on the vehicle.
When establishing the value of the vehicle, consideration should also be given as to whether there is a value to the registration mark, which there may be if the registration mark is considered to be ‘cherished or personalised’ or is in some other way special or unusual.
For more information regarding cherished/personalised vehicle registration marks and how to value them, see Technical Manual Chapter 31.2 – Motor Vehicles, paragraphs 31.2.5 to 31.2.5C

now

31.2.5A Cherished/personalised registration marks (inserted August 2008)
A registration mark can be defined as the characters that are shown on the number plate of a vehicle. A number plate is the plate fitted to a vehicle. A registration mark is also commonly known as a registration number.
When establishing the value of the vehicle, consideration should also be given as to whether there is a value to the registration mark, which there may be if the registration mark is special or unusual. On its own a registration mark is not an item of property and the owner of the vehicle does not have legal title to it. Instead the owner of the vehicle purchases the assignment right to the particular mark from DVLA. The sale involves a legally binding contract between the Secretary of State and the purchaser for an agreed price. The purchaser is granted the right to assign the mark to a vehicle registered in his/her name, or that of his/her nominee where applicable, within a 12-month period. The assignment right is granted to the purchaser alone and the right cannot be transferred to anyone else. Any nominee has no rights to the mark.
Once the cherished/personalised registration mark is assigned to a motor vehicle it remains with the vehicle. The registered keeper of the vehicle has limited entitlement to the registration mark and, before a sale or transfer of the vehicle, can in most circumstances apply to transfer or retain the mark.
From 1 October 2001 motorcycles/mopeds are also able to hold a cherished/personalised registration mark.

31.2.5B Cherished/personalised registration marks and implications for official receiver (inserted August 2008)
As a registration mark is assigned to a vehicle, not the registered keeper the official receiver will need to consider the registration mark’s value at the same time as dealing with the vehicle it is registered on. When a vehicle is sold or otherwise disposed of, entitlement to the registration mark will automatically pass to the new keeper unless it is dealt with beforehand. This means that if a vehicle is exempted without first dealing with the registration mark, then any value the registration mark has will be lost to the estate. See also paragraphs 31.2.25A and 31.2.33 to 31.2.38B for more information on exempting vehicles and realising the value of cherished/personalised marks.

31.2.5C Valuing a cherished/personalised registration mark (inserted August 2008)
An initial value may be established for the registration mark by either asking the official receiver’s agents for a valuation, or by contacting a number of specialist agents who can be found on the Internet. There is also a trade association which has set certain standards of trading for dealers of registered numbers, the Cherished Number Dealers Association. A list of members who may be able to provide a free valuation of the registration mark can be found on

uptomyeyes1984

now wrote: »

They can be interested in it if it is worth money, read the OR notes on dealing with personal number plates. We have a number plate which was on the car when we bought it means nothing to me or my oh but we were asked the question, was it a personal number plate? If it was they would have taken it and sold it if it had any value. If it was me I would wait until August, you have had it three years so why not wait a few more months? Also you may trigger a red flag from the DVLA to the OR which might just get them asking how you got it and why you did not declare it.......Let a sleeping dog lye

thank you your right whats a few more months.