In the course of last few years, the demand for personalised number plates has escalated substantially. A huge cross section of people is now interested in using the personalised car number plates. Regardless of whether you are looking for a private registration plate as a mark of identification or intend to use that as a style statement, carefully choosing the private car number plates is one of the prime needs.
With the share prices and the housing market remaining uncertain, the car number plates are quite likely to pose as a solid investment plan. Traditionally only found in the luxury vehicles, the car number plates are presently a statement representing names, companies, or industries.
There is no limit to the number of personalised number plates possible to purchase and there is no need to assign them to the vehicles always.
Why Invest in Number Plates?
The personalised number plates are acquiring more popularity with time; since all the number plates are unique, it is possible for only one individual to own a given combination of numbers. Owing to this, the value of some combinations has increased dramatically in the course of last few years.
Purchasing the personalised number plates is a really worthy investment plan because you do not just use them after you get ownership, but it also allows to make significant gains in the long term.
“If you look back over the last ten years, the value of number plates has gone up quite a lot. You know, there’s only one of each plate, and I also think that’s the fun thing about it. If I wanted JC 1, I’d be the only person in the country who had got it.”
Letters of Law
Regardless of whether you are purchasing the personalised number plates as an investment or for personalising your car, you need to follow a few rules.
The personalised registration numbers are to be used on the vehicles that are registered, about to be registered, used and taxed in the U.K.
You cannot use the personalised number plates to make your vehicle appear newer than it is in reality. DVLA bans usage of a few words that are offensive. You also risk being pulled over or fined if you fail to stick to the approved font, spacing and size.
Registration Mark Transfer Rules
As already said, you can never use a mark to make vehicles look newer than it is in reality. However, you can use an older registration.
The registration marks that have never been used on the vehicles are issued in the form of certificates of entitlement, renewed annually.
The donor needs to be MOT taxed and tested, taxed and MOT expired/MOT expired as well as tax expired for not more than 6 months.
The donor vehicle needs to be subject to MOT testing at some point in time. The registration mark is not possible to be transferred from car to motorbike but this is possible to transfer from motorbikes to cars.
Let us check out on a few tips to invest in car number plates.
Finding the number plate to make an investment in is one of the hardest parts. You need to think which number combination will appeal to people and the reason behind.
It is always better to invest in the number plates that come with specialised combinations.
Make sure you take a look at several sources and check the prices on offer to choose right. This will ensure you to grab a great deal and you do not pay more than you should, either.
While making the purchase, ensure that the seller has a genuine certificate of entitlement or retention document, duly signed.
Remember that only the individuals named on one of these documents can give the number plate.
If you want to make an investment, you may need to wait for some time. You need to keep your money invested in the number plate for a year or more before you can profit of selling it.
Apart from being an investment, the personalised number plates act as a unique accessory, creates a style statement and you are quite unlikely to forget your registration number. So, make an investment in car number plates today.
Contributed By: Plates4Less