Securing a personalised number plate for your vehicle will nearly always add character and class to your vehicle. The original term used for cherished number plates identifies personalised numbers that have an association with classic dateless registrations. The desire to have an exclusive cherished number plate is increasing, and many are owned by people that have either inherited them or who have invested in them. if you have a car that is no longer fashionable you can increase its attractiveness by assigning a cherished number plate to it. You may see a change in the attitude of people towards you and your car and most likely you will see people looking at it with an envious gaze. The reasons for this are discussed further in this article.
Is it worth Investing in Cherished Number Plates?
● Selling a cherished number plate can provide you with a healthy return
For the majority of those who have bought a cherished number plate they consider it a worthy investment. There are no shortages of people who are enthusiastic about collecting antiques or collectibles. It is for this reason that cherished number plates are highly sought after, not only as a cherished item but also as an investment. If you have recently bought a cherished number plate it is highly likely that you will receive a good return on your investment in a few years should you decide to sell it. Some of the exclusive cherished numbers have seen 10 fold increases in recent times across a 5 to 10 year time period.
Install dateless plates on your vehicle
However many times you say it doesn’t matter about the age of your car, it does matter to the majority of people, and the age of your car does reflect on you in the eyes of other people. It is particularly true when you are constantly parking your car next to younger cars and newer models. The age of your car is revealed by the standard registration issued to the vehicle. With cherished number plates this issue doesn’t arise because the registrations are dateless car registrations originally issued to pre-1963 vehicles. Purchasing a cherished number can be less expensive than purchasing a new car. Displaying a cherished number plate on your car can disguise the age of your vehicle whilst adding some character and class to your car at a reasonable cost.
There is no forgetting your cherished number
It is easy for you to forget a random combination of letters and numbers as you can’t relate them to anything of personal significance. It’s also possible for you to lose your car in the parking lot with many similar numbers on display. With Cherished number plates, your unique number plate will be both memorable and easily recognisable.
How do you get cherished number plates?
Cherished number plates are accessible on the internet through a reputable registration broker. Ownership between parties can be changed easily through an online process provided by the DVLA. Entitlement to these numbers can be either from a certificate of entitlement (V750 certificate), a retention document (V778 certificate) or from the V5C log book for a vehicle. It is possible to either transfer from a vehicle or to a vehicle with any of these source documents using the DVLA online portal and by paying a £80 DOT transfer fee.
It’s only possible for you to transfer cherished number plates from the vehicle to the certificate or from the certificate to the vehicle by making the DOT fee payment to the DVLA.
There is an online transfer process or a postal transfer service facilitated by the DVLA. The policy for transferring from and to a vehicle has changed in recent years with both donor and recipient vehicle no longer needing to be MOT tested or road taxed. Providing the vehicles are declared SORN and the SORN period does not exceed 5 years for either vehicle then the transfer process can be completed through the online portal.
What is the selling process?
When you feel like changing the number plate of your vehicle, you can sell it through a trusted broker with an online marketing platform available. You can list your cherished number plates at your desired price, or you can just sell it yourself. The 3rd party broker may have interest logged in the type of cherished number plate you are selling and in which case you may be able to sell the plate within a matter of days.
What legal requirements do you need to meet to have the number plates made?
Once you have purchased your cherished number plate, the documentation you will need to have number plates manufactured, is as follows:
1. The V5C log book for your vehicle, referencing the registration, or the V750 certificate of entitlement or the V778 retention certificate with your name as the grantee or the nominee on the certificate(s)
2. A Proof of Identity in the form of a Driver’s License or Passport
You need to ensure you have a DVLA Registered Number Plate Supplier manufacture the number plates. They will ask you to provide; proof of your identity, and your certificate of entitlement for the cherished number plates before making the number plates for your vehicle.
Conclusion
One of the most significant benefits of having a distinctive registration plate is that, not just your acquaintances, but other road users notice and remember cherished number plates. This can be a means to deterring car thieves who are less likely to steal a vehicle with a unique number plate. Cherished number plates can make a healthy return as an investment if you choose wisely.
