If you decide to sell a personalised registration plate that you have entitlement to, there are many ways that you can proceed. You may wish to advertise privately or you may decide to approach a registered dealer who can handle the sale for you.

The first step is to get a free valuation for your mark. Some dealers may charge for this service, but there are plenty of companies out there who offer the service for free. You should receive a valuation within around 48hours.

On valuation, if you decide you would like to go ahead with selling your registration mark through a dealer, you should check their terms and conditions and the fees charged. You should also make sure you are entirely comfortable working with them. You must then provide confirmation to the dealer that you agree to have him advertise the mark on your behalf.

The dealer will advertise your registration plate in the way he thinks is most likely to achieve a sale. Often, interested parties will make offers below the advertised selling price and your dealer should make you aware of any such offers. The final decision on whether or not to accept a lower price always rests with you.

Should you be successful in selling your plates, there will be paperwork to complete, but the dealer should talk you through every step of this process. Once the sale is complete, the proceeds will be forwarded to you and you will relinquish any entitlement to the registration mark.