Kevin James claims he did not realise he was paying about £10,000 above the asking price until years later, when he got a valuation from a separate dealer.
A man is warning others after losing his home following an investment in a novelty private number plate for more than £15,000., bought the plate - which reads "MA55 AGE" - in 2015 as a nod to the profession of his wife Michaela, who was a masseuse.The number plate took on extra poignancy after she died fromMr James claims he bought the number plate for £15,132 after the dealer, Regtransfers, told him it could be worth as much as £30,000 in the years ahead.
After a couple of years of advertising the plate online for £30,000, he was left horrified when a separate dealer gave him a valuation of between £5,000 and £6,000.Mr James, who has cancer of the skull, is relying on benefits as he struggles with his health. "I have ended up losing my home, moving in with a friend in a housing association, and my lifestyle is nowhere near what it was before."
The 60-year-old, who is a semi-retired roofing surveyor, added: "I want the whole world to know it's unfair what Regtransfers are doing."Before his wife passed away, the couple were thinking about putting the plate on a motor home and moving to Bournemouth. "This enables potential purchasers to judge whether they see a potential return if they buy for investment.
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