DVLA Smart Number Plate System Set Up
The introduction of a new smart vehicle licensing system by the Driver and Vehicle Licensing Authority [DVLA] would raise the cost of vehicle registration.
Though authorities are unable to say exactly how much it would, it is expected that the new technology and some other variables would contribute to the price increase.
Speaking to JoyNews, CEO of DVLA, Kwasi Agyeman Busia, said the pricing of the smart system will be determined by analyses from consultants from the sub-region. This should be completed by the 18th of July.
The DVLA as part of its digitisation process, is replacing the existing vehicle registration regime with a smart card service, to reduce human-to-human interaction in registering vehicles and also do away with paper documentation.
Digital documentation have already been done on vehicles from 1995 to date and starting from July 18, all vehicle registration is expected to be paperless as details will be transferred onto a smart card.
The Authority expressed optimism that the initiative will solve the problem of fake documentation on vehicles and ownership in the country.
"At any point in time, the one source of truth for a vehicle's owner is DVLA so for example if you got to the bank and you're using your car as a collateral, what we have now is the bank will consult DVLA through a mechanism we are establishing with and we are the only source to say this vehicle belongs to John/Jane Doe.”
The wide-ranging reforms by the DVLA which is to ensure that all drivers have been properly certified to handle vehicles will also see the phasing out of existing drivers' licence to be replaced with new ones with better security features to curb duplication.
How much similar registration plates have sold for recently and in the past: it is always worth looking at what has been going on in the private registration plate market recently to add extra weight to the valuation of your own number plate. It is a market that is not immune from trends, so keep a close eye on what has been selling well and see if your plate has any similar features
The age of the plate: older plates tend to attract higher prices and dateless number plates (the first ones ever issued) normally call for the highest prices on the market
The plate’s rarity: if a lot of similar registration plates were issued, your plate may be less valuable. So, the relative rarity of older, dateless number plates makes them more valuable, as a whole, than newer, dated plates. Similarly, having a private plate with a word or name spelled out on it gives it a degree of rarity that would raise its value.
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