Classic cars forum & vehicle restoration.

Minxy · Joined: 22 Sep 2010 Posts: 273 Location: West Northants

I do not seem to be able to get a strait answer to this question so thought I would try here.
My Minx will be MOT exempt come November, it also has its original transferable reg number on it still, three letters and three consecutive numbers. When I purchased the car six years ago the owner gave me a valuation certificate of £1500.
Now I am a great believer in leaving the original identification on vehicles, I'm aware they generally have a higher re-sale value and at the end of the day the value of the reg number is always 'available' if required and transferring it or holding it on retention has never crossed my mind........but I'm now led to believe that when the car becomes MOT exempt the number will automatically become non-transferable.
So first does anyone know the definitive standing on this by the powers that be. And second if this is indeed the case do I put it on retention now so as to free up the value which, presumably, will be otherwise lost and presumably de-value the car?
It has been suggested that the rule that currently applies may be adopted whereby vehicles that currently do not require an MOT have locked numbers but they can transferred if one gets an MOT done.
Anyone?

ukdave2002 · Joined: 23 Nov 2007 Posts: 4287 Location: South Cheshire

Hi minxy

I agree with your comments, I have 4 pre 1960 cars on their original registrations, whilst like you I really wouldn't want to sell the plates, the value is all ways reflected in the price paid for the vehicle !

If plates can't be transferred post Nov 12, expect to see a mass sale before then!

Dave

Phil - Nottingham · Joined: 01 Jan 2008 Posts: 1252 Location: Nottingham

The DVLA have not decided what is required as yet but its likely that the tranferror or transferee will have to pay for a voluntary MOT which seems to me quite sensible as any cars subject to MOT must have one

Do it now or wait till November of when MOT expires whichever comes last
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Bitumen Boy · Posted: Sat Jul 07, 2012 10:04 pm Post subject:

I was reading something about this the other week - Classic Car Weekly, perhaps - that the DVLA is going to bring in some mechanism for transferring numbers of MOT exempt vehicles. Well, they do make a fair bit of cash out of it themselves...

Riley Blue · Joined: 18 Jun 2008 Posts: 1751 Location: Derbyshire

DVLA hasn't done it so far and there are plenty of MOT exempt vehicles about. Can't see it happening myself but you never know.

Brian M · Posted: Sun Jul 08, 2012 9:00 am Post subject:

ukdave2002 · Joined: 23 Nov 2007 Posts: 4287 Location: South Cheshire

I wouldn't think there would be too much concern about DVLA revenue loss; there are about 220,000 licensed pre 1960 cars, probably a similar number unlicensed? I'd have thought about half are on non transferable plates anyway, so at £80 a transfer if every plate was transferred they would only realise a one off £18M, or in other words less than 0.5% of their annual revenue.

If the DVLA had wanted to maximise revenue through transfers, they could have simply relaxed the requirement for the transferring vehicle to have an MOT years ago, thus allowing anyone who had a V5 for possibly a scrapped vehicle or a pile of bits left from a donor vehicle, to have sold the plate?

Dave