Are you looking to buy a DVLA number plate? If so, you may be wondering how to bid on one in an auction. Bidding can be a bit tricky, especially if you’re not familiar with the process. In this blog post, we will walk you through the steps of bidding on a DVLA number plate in an auction. We will also give you some tips on how to get the best deal possible.
So, let’s get started. The first thing you need to do is find an auction that DVLA number plates are being sold in. You can usually find these auctions online or in your local newspaper. Once you’ve found an auction, the next step is to register as a bidder. This is usually done by providing your contact information and paying a registration fee.
Once you’re registered, it’s time to start bidding! DVLA number plates are typically auctioned off in increments of £500. So, if the starting bid is £2000, you would bid £2500, then £3000, and so on. If you’re the highest bidder when the auction ends, you’ll be the proud owner of a DVLA number plate.
Do I pay VAT at DVLA number plate auctions?
The DVLA is a government agency, so all DVLA number plates are subject to VAT. This means that you will have to pay an additional 20% on top of your bid price if you win the auction. For example, if you bid £5000 for a DVLA number plate and win, you would have to pay £6000 in total (including VAT).
What are some tips for getting a good deal on a DVLA number plate?
Here are some tips that may help you get a good deal on a DVLA number plate:
- Try to find an auction with less competition. The more bidders there are, the higher the prices will go.
- Do your research ahead of time and know how much you’re willing to spend. This will help you stay within your budget and avoid overspending.
- Don’t be afraid to walk away from an auction if the prices get too high. DVLA number plates are not rare, so there will always be another opportunity to bid on one.
What number plates are sold at DVLA auctions?
DVLA number plate auctions typically sell “dateless” plates, which don’t have a year identifier. These are popular because they can be used on any vehicle, regardless of its age. DVLA also sells “current style” plates, which feature the letters and numbers that are currently in use. These are ideal if you’re looking for a plate that matches your car’s registration.
Finally, DVLA also sells “prefix” and “suffix” plates. Prefix plates have letters before the numeric characters (e.g., A123 ABC), while suffix plates have them after (e.g., 123 ABCD). These are less common than dateless and current style plates, but they can still be found at DVLA auctions.
Can I sell my private number plate at a DVLA auction?
Yes, you can! If you’re looking to sell your private number plate, DVLA is a great option. To do so, simply register as a seller and list your plate for auction. DVLA will then promote your auction to potential buyers. When the auction ends, DVLA will transfer the funds to you and issue the new owner with a certificate of entitlement.
To find out more about buying a private number plate at a DVLA auction, read this article advice from National Numbers.