DRIVERS have been urged to check a key detail about their cars as they could be sitting on a goldmine of free cash.
A seemingly insignificant part of your motor could be worth a fortune as demand booms.
GettyDrivers are being urged to check if their car is a goldmine of free cash[/caption]
While every car has one, experts have revealed that certain number plates can add hundreds of thousands onto their value.
Plate Hunter, a business that specialises in valuable number plates, is trying to get the message out about these hidden treasure troves.
They explained that rarer, personalised or custom plates are worth a lot more than the average DVLA registration.
Those that use the number one are also more valuable, as well as shortened numbers.
Shorter registrations especially tend to be older and so have gone out of circulation, adding to their cost.
For example, one plate on the site reading “200 AC” is valued at a whopping £26,000.
The company’s website says: “Number plates that have many variations tend to be worth less due to a high chance of other private plates having the ability to achieve the same effect.”
It comes after Plate Hunter founder Jon Kirkbright revealed how he turned his eBay side hustle into a booming business that can net him up to £140,000 for just one sale.
His website now hosts 60 million plates, ranging from personalised registrations to those released by the DVLA.
Some of his top sales have included a £440,000 F1 plate to businessman Afazal Khan, who has reportedly refused offers of £10 million for it, and a personalised set to an England and Arsenal star.
Jon explained: “Back when I launched this website, my mum said that wouldn’t get any clients, because personalised number plates were only for the rich.
“Now when I look at cars on the road it seems to be one in three.”
Meanwhile, despite the potential for free cash, experts also warned drivers that their plates could see them hit with a £1,000 fine if they make a key mistake.