We were wondering why UK personalised number plates are so expensive - I mean to say why would someone want to pay in excess of £200K for a personalised plate?
I assume companies like www.premierplates.co.uk have some of the answers but I would be interested in knowing if there are people that have any thoughts on this.
2007-08-18 08:45:44 · 11 answers · asked by Premier Plates UK 1 in Cars & Transportation ➔ Insurance & Registration
Since posting this question there have been some number plates that have been sold at more then £400k and the owner of 'F1' is believed to be asking more than £10 million having turned down an offer of £6 million - www.premier-plates.co.uk
2019-11-02 16:50:42 · update #1
wealthy people who wish to boast them selves in high demand, highest bidder wins, dvla know this a a value of a wanted item.
2007-08-18 08:52:09 · answer #1 · answered by random mentalist. 3 · 0⤊ 0⤋
Well only 1 car in the whole of the uk can have its own plate !
You can't have 2 cars in the uk with the same plate.
A Plate with a name like Jason would cost well over £300.000 since no other car would be aloud that name .
If you want the best names then they cost more :) Same with if you want the Best car , You have to pay more same as anything
2007-08-18 08:54:02 · answer #2 · answered by Anonymous · 2⤊ 0⤋
It's called supply and demand. if you are buying a personalised number plate and no one else wants or is likely to want it you will find it is quite cheap. If a great many people are likely to want that combination of numbers and letters it will be very expensive/
2007-08-19 09:28:26 · answer #3 · answered by Scouse 7 · 0⤊ 0⤋
It falls into the bracket of "I've got it and you want it"
In this country it has made a lot of people rich just selling these plates. I like the idea of the US way. If nobody has it already the you can get it issued from DMV
2007-08-18 09:38:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
We pay 200k for private plates because we can.
2007-08-18 11:32:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
A number is only worth what someone is willing to pay for it.
If someone is willing to pay £200k for a certain number, then that's what its worth.
2007-08-19 20:45:25 · answer #6 · answered by Neil 7 · 0⤊ 0⤋
number plates are one per car that is already owned, so if you have a plate number that someone may fancy you can sell it to the highest bidder.
2007-08-18 08:56:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
market forces is the answer some ppl will pay this amount to be able to show off to the rest of us just how much money they have
2007-08-18 08:53:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Supply and demand. And crafty advertising.
2007-08-20 04:30:14 · answer #9 · answered by futuretopgun101 5 · 0⤊ 0⤋
Because idiots have nothing better to spend their money on, its called supply and demand.
2007-08-18 08:53:45 · answer #10 · answered by Anonymous · 2⤊ 0⤋