Private Plate Finance
Want your dream private number plate but prefer to pay monthly? With private plate finance from RegHunters, you can spread the cost in manageable instalments instead of paying it all upfront.
We offer finance through Newpay, a flexible account provided by NewDay. Checking your eligibility is a soft search that will not affect your credit score.
Private number plate finance at a glance
Here is what matters most before you apply to spread the cost of your plate. Everything is set out clearly, with no surprises.
How does private plate finance work?
Spreading the cost of your private number plate is quick and straightforward. Here is the process from start to finish.
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Choose your plate
Find your private registration from our database, then select finance at checkout.
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Check eligibility
A soft search shows if you are eligible without affecting your credit score.
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Apply online
Complete a short application. If approved, you agree your monthly instalments.
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We transfer it
Your plate is secured and we handle the DVLA transfer, while you pay monthly.
Good to know: there is no deposit to pay, and your monthly instalment amount is fixed for the length of the plan. The minimum spend for an instalment plan is £100. Your representative APR is 24.9% variable, though the actual rate, credit limit and plans offered depend on your circumstances and a credit check once you apply.
What you need to know before you apply
Will it affect my credit score?
Checking whether you are eligible for finance uses a soft search, which does not affect your credit score and leaves no mark visible to other lenders.
If you decide to go ahead and formally apply, a full credit check is carried out at that stage, as with any credit agreement.
Who can apply?
To apply for private plate finance you should be:
- Aged 18 or over and a UK resident
- Able to pass standard affordability and credit checks
- Spending at least £100 for an instalment plan
Finance is always subject to status and approval.
Who provides the finance?
Finance is provided through Newpay, a flexible finance account from NewDay, offered via the Deko platform. It lets you pay monthly for your private plate through fixed instalments, all managed from one simple account online or through the Newpay app.
RegHunters is a credit broker, not a lender, and introduces you exclusively to Newpay finance provided by NewDay.
Once your plan is set up, you make a single monthly payment, with no deposit required and the amount fixed for the length of the plan. You can also repay your balance early at any time with no settlement fee.
Remember that the £80 DVLA transfer fee still applies to your purchase, on top of the price of the plate itself.
Why finance your plate with RegHunters?
- Pay monthly, not upfront
Spread the cost of your plate in manageable instalments. - Soft check to start
See if you are eligible without affecting your credit score.
- Finance on any plate
Available across private, dateless and cherished registrations. - 25+ years of expertise
We handle the DVLA transfer while you pay monthly.
Ready to spread the cost of your plate? Browse our number plates and choose finance at checkout, or explore cheap number plates to start from less.
Private plate finance: common questions
Can you pay monthly for a private number plate?
Yes. Through RegHunters you can pay monthly for your private plate using finance from Newpay, spreading the cost over fixed instalments of 6 to 48 months rather than paying the full amount upfront.
Will applying for plate finance affect my credit score?
Checking whether you can finance your plate uses a soft search, which does not affect your credit score. A full credit check is only carried out if you decide to reserve your registration and formally apply, so you can see whether finance is an option before committing to the plate.
How much interest will I pay on my plate?
The representative rate is 24.9% APR variable, and interest on an instalment plan is charged at your standard account purchase rate. The rate does not change with the length of the plan, so a longer term simply spreads the cost of your plate over more months. Your personalised rate depends on your circumstances, and the full cost is shown before you commit to the registration.
Is there a minimum spend to finance a plate?
Yes, the minimum spend for an instalment plan is £100. This lets you spread the cost of most private plates, whether you are buying a budget registration or a more premium cherished or dateless mark.
Is there a deposit on plate finance?
No. There is no deposit to pay on your plate, and your monthly instalment amount is fixed for the length of the plan, so you know exactly what your registration will cost you each month from the start.
Can I pay off my plate finance early?
Yes. You can settle the balance on your plate early at any time with no early settlement fee, so once the registration is yours you are free to clear what you owe whenever it suits you.
Who provides the finance?
Finance is provided by Newpay, a flexible finance account from NewDay, through the Deko platform. RegHunters is a credit broker, not a lender, and introduces you exclusively to Newpay finance products provided by NewDay.
Representative 24.9% APR variable. Finance is subject to status and affordability, and is available to UK residents aged 18 and over. The £80 DVLA transfer fee applies in addition to the price of the plate. Finance is provided by Newpay from NewDay, offered through the Deko platform.
