Private number plates are still popular in the UK, as people often want to customise their vehicles with personalised plates. However, it’s not always easy to find that special registration, meaning you might have to settle for a suitable alternative that also falls within your budget.
Once you are determined to find a private number plate, you must decide how much you will spend on it. Correct registration plate valuation of unissued DVLA stock or existing registrations owned by others who no longer need them will ensure you don’t overpay for a registration plate while ensuring owners get the correct private registration valuation.
Reasons Why People Spend Big on Private Number Plates
What motivates some people to invest in a private number plate?
1. Self-Expression
Personalised number plates offer individuals a form of self-expression. Drivers use them to expand their style, brand, image, or identity, which they apply to their cars.
The most popular forms of personalised number plates include words, names, or initials. Some of these expressions on number plates have the potential to become valuable. Other popular number plates include abbreviations like “CEO” and “VIP.” Then there are career-related, birth years, family initials, car-related initials, and number plates with personal meanings.
Surprisingly, the most expensive number plate in the UK is not the “I HRH” sold to a Berkshire business owner for just over £ 100,000. Someone has paid much more for “F1.” The number plate bought for £404,625 by Afzal Khan in 2008 cost him almost double the value of the Mercedes-Benz McLaren the businessman bought it for.
The best way to get a private number is through a dealer who has performed the correct registration plate valuation and can help you correctly assign the number to your vehicle.
2. Safe Investment
Some private number plates perform better than other traditional investment opportunities. The returns can sometimes exceed those on the artwork, jewellery, or vintage car. Besides personalising your vehicle, a unique number plate can double in value just a year after purchase, depending on its rarity and significance.
Another incredible thing about a number plate is that it won’t decrease in value when you drive around with it. You can sell your car but keep your plate; storing a plate entails no storage expenses.
Once you decide on your private number plate, make a point of knowing your registration plate valuation.
3. Keep Your Car’s Age Secret
DVLA number plates include two numbers that divulge your vehicle’s age. No, you cannot make your car appear younger with a private number plate, but you can keep its age secret since the DVLA does not require you to include its year of manufacture.
4. Prestige
If you have status and prestige, you can prove it by reflecting it on with personalised number plates. As a public persona, you could reflect your success and influence with number plates that indicate your business or position. Some examples include the word boss (BO55), “LOX” for a locksmith, and GYM for a gym owner. Initials like “CEO” and “MD” are also popular.
5. Sentimental Reasons
A number plate can also indicate something nostalgic or sentimental. In the same way, some people may choose to get a tattoo or wear a locket with a photo or date. You can also join other drivers who want to commemorate a particular person, date, or occasion with a private number plate. Private registration valuation is heart-warming because we learn about valued memories from the implied references.
The number of cars on the road continues to grow, making it ever more significant for some to stand out from the crowd with a private number plate and a private registration valuation. Whatever your reason for wanting a customised number plate, you will want to find the best plate that either asserts your individuality, provides a marketing opportunity or helps you join a community with the same passions as you.
Motoreg Ltd remains a major private plate dealer that can help you find the perfect UK number plate, avoiding the system’s complexities. Careful registration plate valuation ensures that you stay within your budget. All the private plate prices you see on the website include all charges, including the taxes and the number plates, so you won’t suddenly find yourself face to face with surprises or hidden costs.
Even in modern times, you may have your heart set on a meaningful plate. Know that Motoreg will help you find it or something as close as possible. A private registration valuation is the best way to ensure you stay within your budget.
Go to our home page to search for a plate, or call 024 7640 7604 to discuss anything private with us.
