Most people would like to trade in their old vehicle for a brand new one but may want to keep their old registration plate. Often people purchase a new personalised number plate but also want to keep their old number plate. If you are facing a similar situation and are not sure what to do, then read on.
There is a way through which you can retain your old registration and sell the vehicle too. It is known as ‘retention’ and is a facility that enables the registration number of a vehicle to be taken off the vehicle and kept on a V778 document, popularly known as a retention certificate. It is a certificate issued by the DVLA in the United Kingdom, when the registration number of the vehicle is transferred off. You can hold your registration number on retention for an indefinite period and renew it annually for a fee of lb25.
The process of retaining registration plates is simple and easy. You need form V778/1 that is available from the DVLA or in any post office. It provides the complete information required by you for the retention process. The completed form has to be sent to the local DVLA office with the following:
o If applicable, a MOT test certificate.
o The V5/V5C, also known as the log book, for the vehicle the registration number is presently assigned to.
o The number plate retaining fee, which is currently lb105 that includes a lb25 retention fee and an lb80 assignment fee.
Remember, only the registered owner or keeper of the car can apply for retention of the registration number.