"Tatiana" did well :)
Thought this might be interesting to the fellas into these
Some hammer prices from today’s auction, add around 28% for VAT and fees!
LSK 1 is just mental…
Wow, can't believe LSK 1 sold for so much, am I missing something special about that plate?
Also I didn't know you had to add 28% in VAT and fees on top of the auction price - I've been underestimating the cost of these plates.
It’s not quite that bad at big numbers because the charges are 20% VAT, 7% buyers premium plus £80 registration fee.
LSK1 therefore cost £228,680, not £230,400. Not that a couple of grand really makes a difference if you’re spending nearly a quarter of a million on a plate.
I've not checked but it is usually VAT on the buyers premium, £160,000 + £11,200 + £2,240 + £80. £173,290
That's how our auctions work (unless the vendor is registered for VAT and elected the item for VAT because it is business asset).
Ironically LSK are initials that relate to my business, but not going to waste that amount of money on a number.
I have a client with RS1.....he gets offered stupid, stupid amounts for that.
Sent from my moto g(8) plus using Tapatalk
From the auction site.
All purchases are subject to VAT, a Buyer’s Premium of 7% and an £80 Assignment Fee
LSK, and moreso SK are common initials for Sikhs/Hindus. My guestimate would have been £30k.
Crazy prices.
I managed to buy one yesterday
5611 AL.
Tatiana is proof positive that the DVLA are quite happy to make huge money out of number plates that have to be mis-spaced or altered to make a name.
I don’t understand the brigade on here who think that altering a plate to spell a name is ridiculous.
My nice has D10 NEP. It cost pennies and spells her first name and the first initial of her surname perfectly albeit its mis-spaced.
I managed to get hold of a plate a few years ago that spells out my first initial and surname with minimal "interpretation" of numbers for letters required. Living in London and only owning a Ford Fiesta, I'm starting to think it will forever be £999 spent on a bit of paper. Better set a reminder to renew it!
Not that I have much knowledge on the subject, but this looks like an excellent way of laundering money.
20% VAT on both the hammer price and the Buyers Premium, so in effect it's 28.4% on top of hammer price plus the flat £80 assignment fee.
It is illegal though, right? Appreciate people don't often get pulled up on it, but it's always going to look a bit iffy.
How have you reached that conclusion? Do you think the DVLA is accepting £200k payments in used notes?
A friend of mine recently got a £100 fine in the mail for a wrongly spaced numberplate.
My 911 has a G911 XXX plate, which is interesting as it's a G series 911, but of course G was the '89 plate as well, so it's age appropriate. Since it's so specific I thought someone had bought it, but it's non-transferable, which can only mean DVLA issued it and locked it to the car (which generally happens when the car was on a private plate and the original age specific one was lost). Seems odd as you'd think if someone paid for it, it wouldn't be non-transferable.
Sorry, you're wrong.
https://dvlatimedauction.co.uk/questions_answers
Non-transferable registrations which are locked to a specific car are issued by the DVLA in specific circumstances, either when a car is significant for some reason (a race car, etc.), or when they issue an age specific number to a car which doesn't have one (either imported, or lost it due to a private plate being on it). They made them non-transferable some time ago as dealers were requesting them and selling them on for profit, as theoretically you could've done it indefinitely. Non-transferable plate can't be used on any other car. You can still use a private plate, but the other will still be locked to that car.
I missed this, nice pick up! Fair bit of money (3.6?), but assuming your initials are AL then a great plate.
Just bought a plate myself, or at least I hope I did via RegTransfer although they are still awaiting seller to submit their documents since Thursday so I hope it doesn't turn into a refund situation.
Who are you using to get the plates made out of interest? Based on a random Google search I'm thinking of using number1plates as they seem to use the minimum size for the legal jargon which sort of makes sense to minimise. But that's just based on the website sales pitch rather than any first hand experience of them.