Investments are always volatile and can go up and down. The Bank of England interest rates are through the floor right now, and you don’t have a chance of making any serious money there. That is where a private number plate comes in handy. It is considered one of the best long-term investment opportunities right now. Many people are investing in private number plates for themselves or as a gift for their loved ones. This article provides information on why you should invest in a private number plate for your vehicle or gift one to your loved ones.

Dateless Number Plates

Dateless number plates will hold value for many years to come since the number plate itself is dateless. The very early plates with one number and a letter such as M 1 or S 1. These plates are undatable and come with a striking visual impact. In fact, these numbers don’t require a celebrity or fashion trend to make them work. But a number plate doesn’t need to be a one letter/number combination to work. For example, the most expensive private number plate sold in the United Kingdom was 25 O – which was fitted to Ferrari 250 GTO SWB. The buyer paid £518,480 for this number plate and later admitted that even if the plate was in the £1m price range, he would have gone for it. Technically speaking, the number says 25 O instead of 250. But the buyer found it to be valuable to spend more than £500,000 for such a plate. This shows the value of private number plates in the UK.

Increases In Value Even With Use

Even if you find a bank that pays a high interest rate to invest your money in, your money will be tucked away unable to be used for some time. Similarly, gold, jewels, cars, and property may decrease in value with regular use depending on the market situation in the country. But it’s not the same with a private number plate. Even if you drive a million miles with the private number plate, it won’t affect the value of the plate. In fact, private number plates are one of the very few investments that won’t be affected by regular use. You can get pleasure from a private number plate every day without worrying about the decrease in value.

What Makes A Good Investment?

There are many rules to what makes a good investment. At times, you may get lucky with social trends, celebrities, or fashions and find your once mundane number plate actually having some value. But the private plates with fewer characters are worth more than the conventional number plate. For example, KR15 HNA sold for £233,360 recently. On the other hand, dateless number plates hold value since the plate is dateless and hides the age of your vehicle. A private number plate will have a visual impact on your vehicle which helps add value to the vehicle over time. Names are a common theme when it comes to football clubs, car brands, and nomenclature. In fact, people love initials with a single number – where number 1 is ranked highest. If you have a fleet of vehicles or you want to appear as though you have a fleet, you can choose from any number and letter combinations you want.

A private registration plate will rarely lose money. In fact, it will help you gain money in the long run. On the other hand, you can always put your plate on retention if you don’t have the right vehicle for it at the moment. It’s such a simple process.

Why are you postponing your investment in a private number plate?

You may have already heard about the millionaire businessman Duncan Bannatyne. He would always mutter “Ahm oot” on the TV show Dragons Den. In fact, with so many multi-million pound businesses, Duncan Bannatyne has also invested in private number plates. He says that he has made a lot of money on private number plates since they are the easiest to buy and sell. Duncan’s fellow Dragon – James Caan – looks back over the past ten years and agrees that private number plate prices have been rising over the years. He loves to make a return on his investments. He says that private number plates are unique and are a “fun thing” to own.

You may see all sorts of celebrities buying private registration plates. Hence, when some of the best investors in the United Kingdom tell you that private number plates will make you money over time, you should listen.

Professionals

New Reg specializes in supplying cherished private registrations. In case you can’t find anything suitable, contact our expert team and we will help you. With our industry knowledge, you usually know where to start looking. If you want a number plate as an investment, we can help you choose the right plate. Our expert team will handle all the paperwork for you – the process is quick and easy.