Despite the stress of the pandemic this past year, it has also enabled a lot of people to be able to put aside some disposable income. This can be particularly useful when you own a car and want to spend money on maintaining and personalising it.
Why Have a Personalised Number Plate?
It enables you to be a little creative and think of something that is personal to you which also demonstrates your personality. Each number plate is unique and there is never a duplicate, so you can be sure that no other drive will have the same one.
The Demand in Personalised Number Plates Has Increased
There has been a substantial increase in the number of personalised number plates being issued in the UK due to the ability to purchase these through online auctions. With the ease in which you can buy them from the comfort of home, this has allowed people to spend any disposable income they have during lockdown. It is the easiest way to add value to your car without having to undergo any maintenance work.
Why They Can Be a Good Investment
Overtime they tend to increase in value, in particular fitting in with the current trends. In 2008 if you purchased a number plate with the words ‘JAC 1K’ this would have cost you £8,700. In 2021 that same number plate is now estimated to be worth at least £50,000.So you can see why this trend is appealing when you can make nearly six times the original amount that you invested, within a time frame of less than 15 years.
It Doesn’t Reveal The Age of Your Car
Usually you can tell what year a car was released by looking at the two front letters which indicate where it was registered and in what region. When you have a personalised number plate this is not apparent, and does not reveal exactly when you bought it. So if you maintain it in good condition you can certainly make it look a lot newer than it actually is.
Boosting Your Business
It is not just on your personal car that you can get a personalised number plate. It might be worth considering getting one for your business vehicle if you run your own company. You would be able to tailor it so that it fits in with your business brand or ethos, which would certainly grab people’s attention when you are out on the roads.
Sell Your Car For More Money
If you do decide to sell your car with the personalised registration number it will automatically increase its retail price because of the uniqueness of the plate. So you are likely to be able to sell it for more than you might have done with a standard number plate. It provides a sense of exclusivity to other buyers, particularly if the car is in good condition.