Who Owns Number Plate No 1

Overview

The ownership of prestigious and unique number plates, such as Number Plate No 1, is often shrouded in intrigue due to their rarity and high value. These speciality plates are not only a status symbol but also a significant investment. This article delves into the ownership details, procedures, eligibility, and documentation needed to verify and potentially acquire such exclusive number plates in the UK.

Ownership Details

Currently, the owner of Number Plate No 1 is Saud bin Abdulaziz bin Mejren, a wealthy businessman based in the United Arab Emirates. This number plate was sold in Abu Dhabi for a staggering sum due to its unique prestige. Plates like this often change hands through private sales or auctions, and the specifics of such transactions, including price, can vary widely.

Registration Procedures

Number plates in the UK are managed by the Driver and Vehicle Licensing Agency (DVLA). When a unique number plate is purchased, either through the DVLA’s auctions or private sale, it needs to be registered under the new owner’s name. Here’s how the process typically works:

1. Purchase Confirmation: Once the purchase is made, receive confirmation of sale or a certificate of entitlement.
2. Register Ownership: Submit the necessary documentation, including the V750 (certificate of entitlement) for new registrations or V778 for retention, to the DVLA.
3. Assign Number Plate to a Vehicle: If you want the number plate on a vehicle, ensure it’s assigned to a car registered in your name.

Eligibility and Documentation

To own and register a vehicle with a personalised number plate, you must meet these criteria:

• Be a registered vehicle keeper in the UK.
• Possess a valid form of identification, such as a UK driving licence or passport.
• Ensure the vehicle is registered with the DVLA, has an updated Vehicle Registration Certificate (V5C), and is not subject to any current checks or holds.

For more details on these requirements and to ensure compliance, the DVLA’s official site offers comprehensive guidelines.

Tips to Avoid Common Mistakes

• Verify Legitimacy: Always confirm the authenticity of the number plate before purchase to avoid potential scams.
• Proper Documentation: Ensure all paperwork (V750, V778) is correctly filled out and submitted.
• Timing: Be aware of the timing of the registration process, especially if the number plate is purchased through a bidding process.

Additional Notes for South African Users

For South African users interested in purchasing UK number plates, consider liaising with specialised intermediaries or legal experts familiar with UK vehicle registration norms to navigate bureaucratic processes smoothly. Additionally, note the currency differences and potential import costs if the vehicle and plate need to be physically shipped to South Africa.

Ownership of unique number plates like Number Plate No 1 involves a blend of legal protocols and market acumen. By following the necessary procedures and keeping abreast of legal requirements, potential buyers can secure a piece of automotive history.