Personalised Car Registrations as Alternative Investments
Personalised Car Registrations as Alternative Investments
You have just bought your dream car, the car you always wanted. To make the car feel right you have possibly incorporated a few optional upgrades. The car is exactly as you want it and the day has come for you to collect it from the dealership. Suddenly your attention is drawn to the mismatch of letters and numbers that constitutes your vehicle registration.
At this moment you feel a little unhappy as you would like your vehicle registration to look as spectacular as your car. If you have ever had this feeling then you may be interested in investing in a unique personalised number plate.
As of late more and more motorists consider personal car registrations to be an essential accessory. Personal car registrations used to be a rarity on our roads but times have changed. Number plates are generally one of the first things people see on a vehicle. The general rule is the shorter and more unique a registration is, the more it will be noticed.
There is an additional reason that car owners are turning to personalised number plates in the current economic climate. A unique registration number can be financially rewarding and car owners are now buying them as alternative investments.
There are several things to give some thought to before adding the finishing touch to your car. Investing in a premium number plate is not for everyone. You should choose your plates cleverly and invest in a good quality registration number. Try and choose one with wide appeal and popularity. If your budget allows, go for only two letters rather than three. More people have the initials SB than SVB.
Words are extremely popular as are particular makes and models of car. There will always be a demand for registrations containing the letters HOT or MGB. Check availability and look at the asking prices for similar combinations. Research the market thoroughly and use all of the information available to you to make sure you do not get it wrong at the time of purchase.
There is generally a healthy demand for top notch personalised number plates so you should be able to sell your asset quickly and easily if necessary. Expect a fall in the amount you paid originally, more so if you buy from a dealer. Remember that a personalised registration is a solid investment and you can keep your plates for life if you so desire. Be aware of additional costs, such as DVLA transfer fees which occur when changing your number plates from one motor vehicle to another.