Showing posts with label Car Auction. Show all posts
Showing posts with label Car Auction. Show all posts

Wednesday, November 4, 2009

Your Personalised Number Plate Explained Certificate Of Entitlement

Owning your own personalised number plate is becoming incredibly popular with motorists of all backgrounds. With over 30 million registration numbers in the market place there is a private plate out there to suit every taste and budget. When you purchase a registration number that has never been assigned to a vehicle you will be issued with a V750, commonly known as a “Certificate of Entitlement”. This pink certificate is a legal document which displays the grantee and nominee names and details of the registration number. The grantee is the purchaser of the vehicle registration number and holds all legal rights to it. The nominee is a name which can be added to enable a second individual to be able to assign the registration number to a vehicle. Unlike the grantee, the nominee has no legal rights to the registration number and it can only be assigned to one vehicle at any one time.

A nominee name can be added or changed at a later date for the current fee of £25. This fee is payable to the DVLA and must be sent with your application. To have a nominee name added to your registration number the grantee must complete the section on the left hand side of the certificate entitled “Change of Nominee Details”.

If you are the grantee and you change address, the certificate of entitlement can easily be amended. To do this you simply have to complete the box on the right hand side of the V750 and sign and date it. You must then send the certificate to the DVLA at Swansea and a new certificate will be issued and sent to the new address. This is a free procedure and typically takes up to two weeks.

To assign a personalised number plate to your vehicle you must apply to the DVLA. Applications can be made in person or by post to your local DVLA office. In order to assign a registration to your vehicle you must provide the following items:

•Your V750 (Certificate of Entitlement) •V5 Registration Document (commonly known as the log bog) for the vehicle you wish to assign the registration to. Please note that the grantee or nominee name must match the name that appears in the V5 log book. •A valid MOT certificate (if applicable) •£80 assignment fee if this has not already been paid

When your registration number is assigned to your vehicle you will be issued with a new tax disc showing the new registration number, and your V5 log book will be updated and returned to you by the DVLA. You will be issued with a certificate which enables you to have your acrylic number plates produced by a number plate manufacturer. You must also remember to inform your insurance company of the change of registration. Full instructions on this process are provided on the reverse of your certificate

The certificate of entitlement is valid for 12 months from the date of issue. If after this 12 month period you have not assigned it to a vehicle, it must be renewed with the DVLA. The renewal fee is currently £25 which must be included with your application. Only the grantee may apply to have the registration number renewed. If the registration number is not assigned within the 12 month period and a renewal application is not made, the right to the registration will lapse. If this occurs the grantee may apply for a refund of the £80 assignment fee however they will not be entitled to any other refund for the registration.

Buying and assigning a private number plate is incredibly easy. Car registrations are THE must have motoring accessory. Why not find yours today and start experiencing the joys of having a personal number plate!



November 5, 2009
By Rami Nseir
Rami Nseir is a consultant for Cape Plates ( http://www.capeplates.co.uk
) and has a passion for all things number plates related.

Car Registration

Monday, August 24, 2009

Should You Buy Or Use 12 Month Car Leasing?

Car leasing is a great option for people that do not want the hassle of purchasing a vehicle, the expense of taking out a loan, or the effort of a car sale on after they have decided it is time to upgrade. Car leasing is particularly useful for people that want to change their car every few years and those that enjoy driving a new car around.

The fundamental difference between purchasing and leasing a car is that the ownership of the vehicle. In the case of car leasing the vehicle always remains the property of the person or company that leases it out. As opposed to purchasing where the vehicle is the property of the owner and they are responsible for all aspects of its use.

Because a car leasing vehicle always remains in the ownership of the person or company that leases it out there are a number of benefits. Firstly the vehicle is always the ownership of the person or company. This means that the person leasing it can return it the minute the contract expires. This means they do not have to worry about selling it on. They also do not have to worry about potential depreciation in value of a vehicle.

It is a well known fact that cars depreciate in value very quickly and if you lease a car this depreciation will not affect you. This may mean that those people that utilize car leasing can change cars very quickly and easily at the end of the contract. The down point is that the vehicle never becomes their own so there is no potential to make money on the sale.

Another important benefit of car leasing is that because the car never becomes the possession of the person that leases it, it can cost less than the cost of a car loan. As a result it may be possible to afford a better car than would initially be possible. This is because if you do not have to worry about paying off a loan the price per month of hiring a car can be much less. You can transfer this saving into improving the quality of the vehicle that you drive around in. Because the person leasing the vehicle does not have to worry about paying off a loan the cost of paying a monthly fee for leasing can be cheaper and more beneficial.

Because the person leasing the car never owns the vehicle it is possible that arrangements can be made for insurance and breakdown cover. This means that the monthly payments can be regulated and the person that leases the car will never be hit with unexpected payments if something was to go wrong with the car. This can make managing your budget much easier as you are never susceptible to unexpected costs. This can be extremely appealing to some people.

The downside to leasing is that you do not own the vehicle at the end of your contract. The money that you pay will go to the company that you lease your vehicle from and those payments can never be retrieved through resale. Car leasing contracts are typically held over 24 month contracts. 12 month car leasing and 36 month car leasing contracts are also common. Usually the longer the contract: the cheaper the monthly payment. So if you are considering this type of agreement think about whether a longer period would be possible as it could save you money.



August 24, 2009
By Shaun Parker
Shaun Parker has been at the forefront of the contract hire and 12 month car leasing industry for several years. He has arranged finance for hundreds of satisfied customers.
Source: http://www.articlesbase.com/cars-articles/should-you-buy-or-use-12-month-car-leasing-370463.html