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The more valuable UK number plates are from the earlier issues, before registrations numbers became associated with a particular year of vehicle manufacture. These highly desirable 'succinct' registrations usually have fewer characters within them and are extremely distinctive. Succinct number plates are much rarer than modern registrations due to the simple fact that few were transferred to newer cars. Consequently when the vehicle was taken off the road, its succinct registration number also came to the end of its life. This means there are relatively few in circulation and only a handful on the open market.
It is very difficult to determine the value of a personal number plate as the saleable value is purely market driven. An accurate valuation of a private number plate is usually demonstrated quite quickly by the amount of interest shown in it by potential buyers.
Creating and fulfilling buyer desirability is the main key to determining the value of a private registration. You need to bear in mind that a personal plate is exactly that - personal! So a plate that spells a specific name or set of initials will have a more limited market than one that spells a general word. Another factor is how many other number plates display a similar message to yours?
Generally, the accuracy with which a private registration number spells a word, name or phrase determines its value to the buyer; as does the level of availability of similar number plates for sale at the time the buyer is looking to purchase.
Like many other investment opportunities a personal number plate cannot guarantee a profitable return, indeed there are some people who simply regard personalised number plates as a waste of money and cannot understand anyone's desire to own one. But it is a growth industry and has remained steady even during the current economic climate. This suggests there is still an opportunity to capitalise on the UK car owner who wants to stand out from the crowd.
Email me today at admin@exclusivenumberplates.com to ask me anything about my
private registration numbers for sale, or call me direct on 01527 457614.