Advice for finding cheap private number plates and investments.
Many clients often start with buying a cheap make your own, or other basic private number plates which seem very fashionable with the younger drivers and also ideal gifts. Some customers (clients) get “the bug” and have often decided to buy more as investments. On this page we explain the different synonyms used, which style to choose, incognito plates and investments ending with some common questions and answers.
A brief explanation about private number plates
The definition is simply a vehicle registration mark that is chosen and can be unique to the driver or the vehicle rather than the original set of letters and numbers issued to the vehicle and registered by the DVLA. Costs can vary from a few hundred to hundreds of thousands of pounds. There are some sub categories within car reg plates which refer to certain patterns of letters of numbers; dateless, suffix, prefix and new style. There are lots of synonyms (words that mean the same thing) for the term such as personalised, cherished, vanity and personal number plates.
Choosing the perfect style of private plate
You can make prefix plates such as “A5 JON” using our Make Your Own service. First select the prefix (in this case the letter “A”), then choose from one to three numbers (here we’ve gone for “5″). Lastly pick the final three letters: the “JON” part on the example. Here you may be lucky enough to get your name or part of your name. Many of our customers will choose their initials or those of their spouse or children.
With new current style number plates like “AB55 CDB” you could choose your initials as the prefix letters - AB on our example - then maybe choose your wife’s initials (here “CDB”).
You can still remain incognito
Some clients prefer to not show names or initials on their vehicle. This situation is popular for well known drivers such as footballers and celebrities. Any car (not just a super car) can look great with a number like O6 (seen at the top of this page). We have this in stock and other similar plates like OO ll and OO l5. Numbers like these have been great fun and also great investments. Recently the James Bond plate “OO 7” was sold at auction for over £200,000. This is all very good however, this plate is only registered in Guernsey and can not been registered on the mainland! O, OO and OOO plates make the registration look like all numerals. The O/OO/OO part of the plate are in fact the letters “O” for Oscar and not zero’s. All O/OO/OOO registrations are originally issued by the DVLA and then later via DVLA auctions.. There are of course other options like registrations with the letter X/XX/XXX but O always seems the be the most popular option.
Here at CarReg we have noticed sales have rapidly escalated over the last few years. Knowledgeable investors soon became aware that rare and collectable registrations (especially the dateless plates) have historically been fantastic investments.
Some registrations have performed along the same lines as other traditional investments such as works of art, antiques and property. And of course, they need no up-keep or maintenance. The more common initials will always be better sellers: a plate with “S” at the end. For example, “JS 1″ (there would be quite a few John Smith’s around).
Investor Example - Our client Brian Bird, who called us wanting to upgrade his “B7 BMB” plate, originally bought from us for £399. Choosing “44 BB” at a retail price of more or less £9,000, is he just throwing his money away on vanity? No! In over 20 years at the pinnacle of the registration industry, we have seen that they have been consistently good investments. Those bought at fair market value rarely loose money. Brian is almost guaranteed to at least get his money back should he wish to sell “44 BB” later, and can reasonably expect to make a profit if and when he decides to part with this exclusive mark! Often we can part exchange your original plate or sell it on commission. Commission sales usually raise more, but may take longer. In addition, Brian is able to re-sell “B7 BMB” through us without charge, a standard part of our purchase agreement. Of course he could also choose to retain his original purchase for the future. Whilst his investment continues to mature, Brian can actually use his special number plate, rather than the money being simply stuck in a bank account or shares!
There are many different styles to choose from, and you can make yours individual in many ways. Use the search box above or make your own entry level number from only £130!
We have favourite private number plates in stock
CarReg have many favourite numbers in stock, most are bought to sell however, we have a few that are truly collectable! Single letter single numbers (like our stock; P2, 2P, K5, 5K, 8M, 9M, 3D, 3H, 5J etc) have always been the best of the best and very collectable. We have also started collecting two lettered single numbers (like our stock; 8 MB, 8 JB, 9 AM, 6 BB, JW 8, 8 JW etc). All letters are very popular and the single numbers make them perfect investments.
The options available are endless. Some ideas about how to design the perfect plate think about initials, car models, family names, sports interests such as football, tennis or triathlon maybe even business and work related. You could even look for pet names or words which relating to something fun, a novelty or gimmick. Please contact us if you need any help or information, our friendly team would be more than happy to help.
Most Frequently Asked Questions about private number plates ;
Question; How and where can we buy one?
Answer; There are actually a few choices depending on how much you would like to spend and which type/style you would like. There are many dealers websites on the internet, the dealers who are members with a trade association are the best ones to look for. CarReg are members of all trade bodies and recognised reseller with the DVLA. Be careful if you see a “bargain” from a seller on Ebay! There are also various auctions like Bonhams which sell special numbers at Goodwood each year. The DVLA hold auctions around the UK and online. Many of the shortest numbers and most desirable private number plates have already been issued and sold so will only become available amongst the second hand marketplace.
Question; Can I buy a private number plate and not use it?
Answer; Yes, this is now very easy. DVLA created the retention system quite a few years ago. When a number is retained (on a V778 certificate) then it is safe to store away for as many months or years as you wish! Some are issued but have never actually been on a vehicle. These numbers will be held on a Government V750 certificate, again you can store them safely for as long as you wish.
Question; How much do they cost?
Answer; There are so many different variables which would determine a realistic price for each. Prices generally start (with CarReg) at £130. This type of number would be a make your own style which are perfect and ideal gifts. We also have cheap Irish private number plates from only £65. Prices rise when you start to look for dateless numbers and names. Names get more expensive the more popular the name and how clear and precise the name is on the plate. Shorter numbers and number one plates also become more expensive the more popular the letters. Single letters with number one (Example; P1) may retail around £1,000,000!