Selling on Piston Heads website - dodgy looking reply?

cymruchris

Fubar1953 said:

Mutton_Geoff said:

I sold mine via www.regtransfers.co.uk but not directly, they listed it for me and a couple of weeks later I had a good offer. I asked for more and had a response the same day for the higher amount and sold it. I have no idea how much extra they sold it for but neither did I care, I had no need for the number anymore and sold it for double what I'd paid the DVLA a few years earlier. 

I just logged into regtransfers,co,uk and it looks like I've had a valuation from them previously but they only valued the number at £400 which is about £100 less than I paid for it in 2015!  This is where I find these registration sites so inconsistent in their valuations - when I had the number listed on Absolute Reg their valuation was £1100, with a net figure to me of £800. I'm trying to sell it privately for £600. 

Private plate valuations are a bit 'smoke and mirrors' - and for it to have any value it needs to relate to something for any purchaser. Aside from a few old bus companies that buy random Irish plates to hide the age of their coaches, not that many people go for a random mix of a private plate just for the fun of it. If the plate includes a certain mix of letters - you need to find the right person that's looking for it. That's not easy.

I suspect that if you paid £500 for it - it'll likely have a sales price of £400 - as per the valuation you were given, rather than the pie-in-the-sky valuation. (Was that the one charging you £10 a month? If so - I can see why they told you it was worth that - as it made you list it, and paid several months of fees for which they did nothing and just took your money without a sniff of a buyer)

If you actually WANT or NEED to sell it - then I'd be dropping it down to £400 on a private sale, and see where it goes - if it's just that you want to shift it at some point, but no rush, keep on advertising the higher price - if it's on retention, you've got 10 years since you took it off before you need to renew it. 

forgotmyname

With the dodgy buyers and clearly fake payments I used to give them the local police station address to post the cheque.

What some random company value the plate at and the actually sale price maybe miles apart.  They could value it at £1000+
but if no buyers want the plate its worthless.

prowla

It's all just a scam template.

"i will like you to know that payment will be made by Cheque" - yeah, right!