Personalised Number Plates on Financed Vehicles – Explained
When you finance a car, you’re borrowing money from a lender to buy the vehicle.
The lender owns the car until you pay off the loan.
As the registered keeper, you can add a personalised number plate, but you must consider certain steps.
Check with your lender:
Ask if they have any requirements or restrictions for adding a personalized plate. Some may need permission or have guidelines for the plate’s size and style.
Follow DVLA rules:
The DVLA has specific regulations for personalized plates.
Plates can’t start with “Q” or “NIQ.”
You can’t assign a plate to a “Q” registered vehicle.
Plates shouldn’t make the vehicle appear newer than its actual age (e.g., using an “09” plate on a “05” car).
Avoid plates that are rude, offensive, or inappropriate.
If the plate violates any of these rules, it won’t be valid, and it would be illegal to use it on a vehicle. Illegal plates may result in the plate being confiscated and a fine of £1000. Ensure your personalized plate is correctly registered with the DVLA by completing the required paperwork and paying the fees.
Note: If you plan to transfer the personalised plate to another vehicle in the future, there may be additional fees and paperwork involved.
In summary, you can put a personalised number plate on a financed car, but you must adhere to your lender’s requirements and the DVLA’s regulations.
Adding a unique touch to your car is possible while being a responsible registered keeper of the vehicle.