From March 1st 2023, all new vehicle registrations will feature the number ‘23’ on their number plates, replacing the previous ‘72’ plate which had arrived in September 2022.

These numbers are referred to as ‘age identifiers’, and are updated every six months. March marks the beginning of a new six-month period for the motoring industry, during which time new registration plates will be identified with the number ‘23’. From September 2023, these will update to ‘73’.

What do number plates mean?

As mentioned, new number plates are introduced every six months. They’re designed to indicate a vehicle’s age, as well as the location where the vehicle was registered.

The first two letters of a number plate indicate the region of the car’s registration.

The following two numbers represent exactly when the car was registered. Vehicles registered from March 2023 to September 2023 will have the number ’23’ at this point in their new plates. This age identifier updates every six months.

The final three letters in the number plate are randomly generated.

Why do you need a number plate?

Number plates indicate the age of a vehicle, as well as its first region of registration – as such, they are unique to each vehicle.

Beyond that, number plates are legally required by the DVLA. There are also specific rules around the font, font size, colour, and letter placement on number plates. Failure to follow these rules, or to display a numberplate in the first instance, can result in a hefty fine (up to £1000) – and the vehicle will fail its MOT.

Finance your new vehicle with My Car Credit

If you’re looking for a way to finance a car with new number plates, car finance can make the process more affordable – get a car loan quote today.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 12.4%, annual interest rate (fixed) 12.36%, 47 monthly payments of £196.44 followed by 1 payment of £206.44 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,939.12, total amount payable is £9,439.12.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!