Adding a private registration plate to a lease car is a common question for many customers, and the good news is, yes, you can. However, because the vehicle is owned by the finance company and not you, there are a few steps you must follow to ensure everything is done correctly. This article will guide you through the process of adding and removing a private plate on a lease car, and explain the pros and cons of doing so.
How to Add a Private Plate to Your Lease Car
If you'd like to add a personalised number plate to your lease car, you'll need permission from the finance provider, as they are the legal owners of the vehicle. Here are the key steps you should follow:
1. Get Permission from the Finance Company
As the car is technically owned by the finance company, adding a private plate requires their approval. You can usually find the finance provider’s contact details in your agreement documents. It's important to note that most leasing companies will not allow a private plate to be applied before the vehicle is delivered, so this process will begin once you have received your car.
2. Update the Nominee Details
Once you have permission, you need to change the nominee for your private plate to the finance company. This allows them to legally use the registration on the vehicle. The relevant forms to use will depend on how the registration is currently held:
- V778 Retention Document (green): If the plate is on retention.
- V750 Certificate of Entitlement (pink): If the plate was recently purchased.
For full guidance on completing these forms, visit the DVLA website.
3. Submit the Documents to the Finance Company
Once you've filled out the forms, send the updated V778 or V750 document to the finance company. They may charge an admin fee for processing this request. The finance company will then submit the documents to the DVLA, and once the transfer is completed, the DVLA will notify both you and the finance company.
4. Fit the Private Number Plate
Once you receive confirmation from the DVLA, you can install the private number plates on your lease car. Important: Do not attach the private plates to your vehicle before you receive confirmation, as this could result in a fine. Additionally, you must notify your insurance company of the registration change before driving the vehicle.
How to Remove a Private Plate from a Lease Car
As your lease contract comes to an end, you will need to remove your private plate and restore the original registration. Here's how to do it:
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Contact the Finance Company
Around six weeks before the lease ends, contact the finance provider and inform them that you'd like to remove the private plate. They'll complete the necessary paperwork (a V317 form) and submit it to the DVLA to place the plate back on retention. -
Revert to the Original Number Plate
Before returning the vehicle, you’ll need to refit the original number plate. As with adding the plate, you should inform your insurance company of the change in registration. -
Fees for Removing a Private Plate
The DVLA will charge a retention fee of £80 to keep the private plate on retention, and your finance company may also charge an admin fee to process this.
Where is Your Private Registration Currently Held?
The process for transferring a private plate varies slightly depending on whether you already own the plate or have just purchased one:
- Purchased from the DVLA: You’ll receive a V750 Certificate of Entitlement for the new registration.
- Currently on Another Vehicle: You’ll need to transfer the plate to retention using a V317 form before transferring it to your lease car.
- Held on Retention: If your plate is on a retention document (V778), simply update the nominee to the finance company and proceed with the transfer.
Should I Add a Private Plate to My Lease Car?
Adding a private registration to your lease car has its benefits, but it’s important to weigh the pros and cons before making a decision.
Pros:
- Personal or Business Branding: A private plate can be a simple way to personalise your car or promote your business, making your vehicle stand out.
- Added Security: While a private plate won’t prevent theft, it does make your car more recognisable, which could deter potential thieves.
Cons:
- High Costs for Popular Plates: Private plates, especially those that are distinctive or in high demand, can be expensive.
- Attracting Attention: While private plates make your vehicle more unique, they can also attract unwanted attention, such as increased police checks.
- Additional Admin and Costs: You’ll need to navigate extra paperwork and possibly incur additional fees for both applying and removing a private plate.
In Summary
Yes, you can add a private plate to a lease car, but you must get permission from your finance provider and follow the correct procedures with the DVLA. When your lease ends, the private plate will need to be removed and placed on retention. Adding a private plate can be a great way to personalise your lease car, but it’s important to be aware of the potential costs and admin involved.
If you’re considering adding a private plate to your leased vehicle, or have more questions, get in touch with us for expert advice.
