A personalised number plate is a good investment - especially
for kids!
Personalised number plates have historically increased their
value over the years, but now it seems that people are choosing
to buy them instead of investing their hard earned cash in ISAs,
TESSAs and the new Baby Bond.
Devoted parents Stuart and Teresa Taylor from Gloucester recently
bought their son Otis an unusual 21st birthday present - a personalised
number plate. But even more unusual is that they have bought it
18 years early - little Otis is only three!
"We thought it would be a good long-term investment and
were sure he would be pleased with it when the time comes, although
he does refer to it as his already."
The last four characters of the number plate, 920 FRT, spell
Otis's full name: Otis Fenton Robert Taylor. Though the Taylors
admit: "We were originally looking for a plate for either
of us, or one that referred to our newly opened trout lake, but
when this one came up we thought it was perfect."
The special search engine built into our site allowed the Taylors
to look through all their options quickly and efficiently. By
typing personal details such as name and birth date info into
SuperSearch, all the options matching their unique information
combinations came up straight away.
Likewise, a couple of Hampshire have bought the number plate
V8 MJP for their four-month-old son, again purely as an investment
for their child's future.
But some people buy and sell number plates almost as if they
were stocks and shares! Ivan Scott from Burnley, Lancashire, buys
number plates primarily for enjoyment but says, "they are
also most definitely an investment". For instance, he purchased
11 YS for his daughter Yasmin's 11th birthday and 1 VY which was
his nickname, for himself. He later sold 1 VY for a tidy profit.
His latest purchase is 3 VN, which he says "makes his new
BMW convertible look more prestigious."
Motoring commentator Quentin Willson has also noticed this growing
trend, as he described in his article 'Crazy Prices' in The Mirror
back in May 2001 while visiting a number plate auction: "What
struck me as most interesting is the fact that ordinary people
are buying these plates as investments." He went on to describe
how an electrician who was sitting next to him, was buying up
cheap plates on his day off to sell on to his friends for twice
the price!
Even private companies are joining the rush to buy up desirable
number plates with the belief that they will be worth more in
the future. A pest control company in Uckfield, Sussex, D. Sankey
Pest Control Services, and the 'posh' Pimlico Plumbers in London,
have gone one stage further - buying a whole set of number plates
to suit their businesses. Sankey's vans are riddled with infestation:
M1 CES, L1 CES, M1 TES, ANT 7T, A3 FLY and W4 SPS amongst others,
commanding a current value of £55,000. David Sankey said
"I would like it if eventually someone bought the whole lot
from me."