A car registration number is also more commonly known by the name of license number. The unique identifying number on a car registration plate is not exactly an item of property in its own right. They are actually assigned by the concerned authorities and can be withdrawn as part of the basic registration and licensing process which is required by law. The main purpose of this car registration number is identification for both law and order situations, as well as taxation.  

The registration number is actually assigned to the vehicle and not its keeper, and stays with it until the vehicle is destroyed or sent out of its original country. When a person buys any car, he gets entitlement to the registration number when he becomes the registered owner.

Once the car is sold, the registration is automatically transferred over to the new owner. There are some schemes however that allow any keeper of a car to acquire and retain particular car registration numbers, such as Sale of Marks scheme and Retention. It is important to keep in mind that though a person may apply to keep a number, his application will be approved only if all the relevant conditions are met and satisfied.

If however you no longer own the vehicle that displays the number you want, then your entitlement to it ceases. There are many other such issues, and to learn them all, you can rely on http://www.quotemywheels.com.au, which is Australia’s first site to help users compare different insurance policies.