- This is an increase of £52 million in the last 10 years as £36 million was spent on personalised number plates in 1997*.
Number Plates as an Investment
One of the reasons they are so popular is that they can be a great investment. The highest amount paid the personalised number plate ‘F1’ was a staggering £440,625 in 2008**. It is common knowledge that a car depreciates from the moment it is taken off the forecourt of a car sales garage but a personalised number plate doesn’t. In fact the opposite may be true as some cherished plates hold a historic value and appreciate over time, increasing their value and becoming a great investment for their owner.
Feeling the Pinch
During the recession people may be looking for extra ways to make some cash and if you have a private number plate then selling it maybe an option for you. Before deciding to sell a private number plate it is essential to find out how much the private number plate is worth. When it comes to all investments the value of such items can go up as well as down so it is important to keep up to date with the market value. It is always best to compare prices with other plates to see what they are selling for.
The value of a private number plate will depend on the amount of letters and characters along with the popularity of the combination. Of course the value of an individual’s own private plate can be priceless. The less letters and numbers a number plate has tends to hold the most value as there are fewer combinations making them more individual and more desirable to others. It is also believed by many that they look better as well.
If you think it is time to cash in on your investment and are looking to sell your private number plate then you will need to know how much it is worth. Ask-Reg provides a free valuation service for your private number plates which is incredibly easy to use. You simply text ‘Ask’ followed by your plate to 60777.
For those looking to find a buy a personalised number plate there is a text service which you can also carry out a search request by texting ‘Reg’ followed by your keyword search to 60777. This is an easy service which will aid your search for the perfect number plate by searching over 30 million plates.
Of course if you truly cherish your private number plate you might decide to keep hold of it. But if you’re in need of a cash boost then it can be an easy commodity to trade in this tough financial climate.
If you are interested in selling your private number plate then find out how much your personalised number plate is worth with Ask-Reg.com text service. Simply text Ask followed by your number plate to 60777 for a valuation. Ask-Reg.com is the premium site for buying and selling private car registration plates. To find out more information visit www. Ask-Reg.com or call 08459002800.
*Source: http://www.free-press-release.com/news/200907/1247666027.html
**Source: http://nice-reg.co.uk/car-number-plates-and-cherished-registrations-1.html
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