Why the fuss about private registration plates?

There are many reasons for buying a private number plate; some people see it as an expression of their individuality, while others believe it to be a great gift, a gift that keeps on giving. There’s even an investment incentive, as long as the plate is purchased soon after its release. No matter what the reason is for buying the plate, private registration plates are becoming ever more popular, and can make for a booming business. The DVLA says it expects to raise £80 million, from the 2010 plate series alone.

For many the problem with car ownership is that it is difficult to make a unique statement on the road, because even the most expensive cars have hundreds of copies on the road. That’s why number plates are a popular way of customising cars, without making any physical changes to the car. In fact a number plate can assure you of one thing; there’s only one car with that number plate, and it is the plate of your choice, something truly personal.

While some plates can only be afforded by the rich and famous – think ‘F 1’ and ‘L 0 V E’ – number plates for sale by dealers are not necessarily as expensive as you may think. Obviously the rarer the plate the heavier the price tag, but with 30 million to choose from, starting at £50 each, there’s something for every taste and budget. Some are even willing to pay up to £500,000 for a sought after plate.

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February 2012
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