Private Number Plates an Investment

private number plates have grown to be a very good investment over the years. The reason behind this is that the prices of these number plates have gone so high that they are indeed investments in the world. When number plates, the personalized ones were initially introduced by the DVLA back in the 1990’s, they sold for much less then they cost today. For example, 4a sold for 6800 pounds while 11B sold for 4000 pounds. However, now these plates are priced at 120,000 pounds and 95,000 pounds respectively. Prices of number plates have now surpassed the rising rate of gold or property in the market!

The individual plates, the ones that spell a particular name or the ones that have just the number one are plates, which are the most coveted and thereby the most expensive. In formal circles, having a number 1 plate can take you places. This particular plate is considered the best of the best. The price difference between the numbers 1 and 2 might even be as huge as tenfold depending on the initials you choose to go with the numeral. Names are one of the unique personalised number plates. If a word is spelled perfectly, that plate too is considered of immense value.

If you are considering the act of investing in these personalized number plates, you should be aware of the direct competition to your number plate. When you are new to the market, the biggest bonus is the fact that you will not be VAT registered. Most people cannot reclaim the Vat they have paid unless they buy for a business or a particular company. Your price should include some contingency – the haggling that will precede the sale of your investment is bound to lower down the price you had expected to get.

Julia Roger - About Author:
For more information on private number plates, check out the info available online; these will help you learn to find the personalised number plates!

Article Source:
http://www.articleside.com/auto-articles/private-number-plates-an-investment.htm

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