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AD. Gone are the days where private number plates are reserved solely for people with super cars. Now private number plates are ever increasing in popularity and they make a fantastic gift. Best of all private number plates can actually retain their value and even rise in value over time. Are private number plates a good investment? Here are my thoughts…
Private number plates are a luxury item, there is no doubt about that, but historical data shows that DVLA revenue from private number plates rises year on year, even during times of financial crisis. At present vehicle registrations aren’t due to change again until around 2050, when the current numbering system runs out. This offers quite a few years of potential for a private number plate you own to become more popular.
What are the most attractive private number plates?
In recent years private number plates, particularly shorter ones, have been increasing in popularity. Private number plates with one or two letters and a single number are some of the most sought after in the UK. You only have to take a look at the top 10 most expensive number plates in the UK to see the type of private number plates that are popular with car enthusiasts.
Private number plates, without a date within them, are some of the best when it comes to achieving a return on your investment. A good idea when buying a private number plate is to consider buying one that you want to enjoy yourself, for a few years at least, and then look to hold on to it for 5-10 years.
Could you be driving around with a pot of gold?
If you’re already the owner of a private number plate you may be wondering if it has increased in value since you purchased it or were gifted it. You can get a Free valuation and sell a number plate at CarReg to find out more about what your plate could be worth. If the private number plate was a gift then it could be the gift that keeps on giving!
Next time you’re looking to purchase a gift for someone in your family why not consider a personalised number plate? It’s a great way to allow someone to personalise their car driving experience and potentially make a nice return on your purchase in years to come.
Don’t forget I also have lots of great ways to make and save money online too that can help you raise some extra money and pay for a new private number plate.