So, it appears that you have made the decision to invest in a personalised number plate. Perhaps, you want your classic car to look more authentic. Or, do you want to ensure that your car embodies your personality through the personalised number plate?
Identifying the ideal number plate is one thing, acquiring it is another undertaking altogether. After all, personalised plates tend to be priced quite exorbitantly. Without beating about the bush any further, here are 5 tips to choosing personalised plates.
Of course, it’s tempting to venture into the unknown with all guns blazing, but it could lead to costly mistakes. Hence, before you browse through available personalised plates, it is imperative for you to set a budget and stick to it. If you stray far from your budget, you may end up in an uncomfortable, financial position. You should know that it’s not necessary for you to break your budget to get the perfect plate.
When deciding on a personalised plate, it’s important for you to choose a plate that appeals to you on a personal level. You may decide to spend heavily on a plate to impress others, but if the plate doesn’t appeal to you on a personal level, you will eventually get tired of it.
If you choose a plate that is of sentimental value, the plate will stand the test of time and will not lose its appeal years down the line.
The prices in auctions can vary tremendously, depending on the competition. Hence, it is imperative for you to set a specific budget before you attend auctions. You should base your budget on your research of prices achieved at previous auctions.
When you purchase from a renowned broker, you can be assured of getting a plate on the basis of the current market value. You will not have to overpay to acquire your desired number plate.
Of course, it is understandable for you to have a particular plate in mind. Unfortunately, not everything can go in your favour. The plate that you have your eyes on might be snapped by someone else already. Hence, instead of focusing solely on one particular plate, it is necessary for you to consider a few possible variations of your preferred number and letters.
In addition to paying for the value of the plate, you will also have to make payments for an assignment fee and an add/change details fee to the DVLA. In a nutshell, the assignment fee is used to assign a plate to a vehicle; the add/change details fee is used in transferring the ownership of the vehicle.