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Personalised Number Plates Vs. Vanity Plates

Road vehicles in the UK use registration numbers to act as a unique identifier for our vehicles. In the past number plates were issued by local councils however they are now handled by the DVLA. Since car registrations were introduced in 1903 the popularity of personalised number plates in the UK has increased dramatically and many highly sought after registration numbers are changing hands for vast sums of money.

Personalised plates are car registrations that read a name or word specific to the owner or their vehicle. They are made up of letters and numbers and follow the legal formats of number plates set by the DVLA. The most popular personalised number plates such as MOD 31S (Models) and RO 55 (Ross) read precisely what they are meant to say whilst certain less desirable ones require a few (illegal) tweaks. Name plates are extremely rare so it is more common to see car registrations displaying the owner's initials. There are many more initial number plates on the market and they are often easier on the wallet when purchasing a personalised number plate.

In the past personalised plates were associated with the business elite and people wanting to show the world their success. In today's motoring world however personalised plates are bought by people from all walks of life who want to add the finishing touch to their vehicles or make their car stand out on the road. Some personalised plates are bought as a present to mark a special date or occasion whilst other people buy car registrations as an investment and sell them on for profit. Whatever the reason, it is clear on any journey that the popularity of personalised plates is growing all the time

In other places the popularity of such plates is just as strong with many countries issuing what are known as vanity plates to personalise the nation's vehicles. Vanity plates are similar to personalised number plates in that they are all unique and are specific to the owner or their vehicle. The main difference to personalised plates however is that they are typically be made up from 6 or 7 characters (letters and numbers) in any order with no specific format. For this reason vanity plates can read pretty much anything however as with DVLA registrations, obscene and offensive words are banned.

In the US vanity plates are hugely popular and can be spotted in every state. The list of personalised number plates on the roads in the US is endless and includes countless classic examples such as FAST (assigned to a 1986 Corvette Pace car), HI-TECH and SNKBITE (spotted on a Dodge Viper). Many of the vanity plates in the US are used for comedy value or to portray a certain image. FBI AGNT for example is not assigned to a Federal agent's vehicle, it is misleadingly owned by an insurance agent working for Farm Bureau Insurance.

Australia is another country which has embraced the use of vanity plates with each state administering their own personalised registrations. Many states charge an annual fee for the rights to these cherished marks and in Queensland the personalised number plate scheme funds Road Safety activities throughout the state.

Recently there has been a growing call for the DVLA to issue US style vanity plates in the UK however there is a heated debate going on between the government, police and number plate dealers over the implications that the introduction of vanity plates would have. However as the current format of DVLA number plates has the scope to last until the year 2049 the introduction of vanity plates to the UK is surely still a long way off and the popularity of personalised number plates will continue to grow.

Ross O'Donnell has long been a fan of personalised number plates and regularly writes for Cape Plates who are suppliers of DVLA car registrations in the UK. Cape Plates has one of the most comprehensive databases of personalised plates in the UK and offer a free selling service for people who want to cash in on their number plate investment.

Article Source: ArticlesBase.com


Income from an Investment through a Friend...how to declare and file on 1040? (Answers: 1) (Comments: 0)
I loaned a friend cash to buy a classic car, restore it, and sell it for a share in the profit. The deal turned out to be a good one, and I made a good profit. I'm not sure how to document and declare the income on my 1040. I've had several ideas: interest income, capital gain, or other income. I'm wondering which one of these is the most appropriate and how exactly do I document it on the 1040. Thanks in advance for your comments.

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Income from an Investment through a Friend...how to declare and file on 1040? (Answers: 3) (Comments: 0)
I loaned a friend cash to buy a classic car, restore it, and sell it for a share in the profit. The deal turned out to be a good one, and I made a good profit. I'm not sure how to document and declare the income on my 1040. I've had several ideas: interest income, capital gain, or other income. I'm wondering which one of these is the most appropriate and how exactly do I document it on the 1040. More info: This was a one-time thing and not a business. It was a cash transaction around 10k, so I want be sure to file properly since the bank probably sent reports to the IRS. I don't know how or if my friend is filing...probably a simple capital gain for him.

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I have some money sitting aaround and i am interested in buying a old classic car, restoring it, and selling.? (Answers: 5) (Comments: 0)
i would buy all the parts, but considering labor costs.

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Need help on starting a classic car restore biz? (Answers: 2) (Comments: 0)
PLEASE give me honest advice about this idea. I need some guidance. Im 32 and have a fair knowldege of old cars. I rent a small apartment in brooklyn with my parents. Me and popps want to buy and sell muslce cars from the 70's. We dont have space or garage. The car will be on the street until it is sold. We are thinking of getting ones that are almost fully restored90% that need minor work. 1. My question is that would this be ok if we just buy one and sell it and make a profit and then take the money from the first sale and buy more. 2. Is there a market for 70-72 Chevelles or cars like this. Woudl it be worth it in todays economy? 3. Eventhough i have no garage or driveway would it be ok to park it on the street. I will get full insurance coverage. Im just scared. Is it practical. 4. Click this link and tell me if this car is too cheap and why do i see some like this that are worth 30k dollars and this is way cheaper...what is the difference here. Am i missing something? http://washingtondc.craigslist.org/mld/cto/943519199.html thanks very much and please address all ?'s thanks again people BASICALLY WHAT IM TRYING TO SAY IS THAT , WOULD THIS BE A WASTE OF TIME? BUYING AND SELLING CLASSIC?

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Classic car restore question? (Answers: 2) (Comments: 0)
How much would it cost to restore this car and make it running good and everything? This is the car I want.. but I don't know much about fixing cars or anything like that: 1967 MGB Convertible, original California black plate car. Runs and drives...it was originally British Racing Green and the trunk and under the bonnet is still the original BRG, making this car a perfect example to restore. The original aluminum hood is still in place and the body is in great condition. The real black leather seats are in good condition (no rips or tears in the leather). A new gas tank, fuel lines and new fuel pump has just been installed. The metal dash is in good condition. Overall it is a very solid car. These chrome bumper metal dash MGs are getting harder and harder to find and the 1967 is the most desirable model. The engine has plenty of power and sounds great but is a little smoky. This is a running driving restoration candidate...ASKING $4,250.

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