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Are Personalised Number Plates Worth the Spend?

Posted on 11th January 2021
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Are Personalised Number Plates Worth the Spend?

Most people think that a personalised number plate is a waste of money. Others disregard them as cheap, even though they are far from it. They can cost a fortune if you want it to, but if you take your time, stay open minded and shop around, you can get a personalised number plate for a few hundred pounds. They start at around £250.

Give your car a boost

More than anything, personalised number plates look smart and professional. This can give you extra points with your friends, but also at work. Some business owners use them for brand awareness. It is possible to get your business’ name in the number plate and let everyone know you’re the boss. This said, you can’t just request any number and letter combination and get it guaranteed.

They can also make your older beloved car look newer than they are, as personalised number plates are not prefixed with numbers like standard number plates are. The trend of personalised number plates has been long lived, and we don’t think it will go away any time soon.

Make your car unique

You can buy other accessories to jazz up your car’s interior and exterior, but nothing will be as unique as a personal number plate. On the plus side, you won’t be able to lose your car in car parks. Only you will get the privilege of owning this number plate, so it is a fun way to personalise your car.

A good investment

Personalised number plates not only make you look cool, but they hold their value. Because each is unique, they can be as good as investing into ISAs and bonds. This is only true if you buy a personalise number plate that isn’t too personalised.

If your name is fairly common, then this is fine to include for investment purposes. You could hand them down to family who may be able to resell it for a high price. This is more the case with personalised number plates that do not display dates.

Personalised number plates are unforgettable

Have you ever been asked your car registration, or needed it for payment? Well, if you have a personalised number plate then you won’t forget. This can be handy, and it means you do not have to go back to your car.

The cons of personalised number plates

Something to bear in mind is to not make a personalised number plate that could offend other drivers. Unfortunately, there are some companies who sell plates with rude words which can draw the wrong kind of attention.

Another downside is, buying a personalised number plate can make your car seem a better target for theft. Thieves may assume that there are valuables inside and break your window. Even if you keep valuables safe, this can be a costly thing to replace. Of course, this is a risk with any car, but it can draw the wrong attention in this sense as well.

Where should I buy a personalised number plate from?

To start looking for a personalised number plate, just go to the DVLA website and enter a word of your choice. The search brings up close alternatives so that you can pick something in budget.

They also have some personalised number plates on auction. Register as a bidder to potentially get a better deal. There are several other companies that offer personalised number plates, but it must already exist in the DVLA database. This makes sure that it is not owned by anyone else and avoids awkward legal issues.

If your car does get broken into, we can help. As a direct lender, not a broker, we can get you approved for used car finance quickly. If you have become bankrupt or are being rejected by other lenders, get in touch with us at Euphoria Finance.

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