Private plate as an investment
Discussion
Lets say I have £1.5k of premium bonds sitting doing nothing, and I plan for it to sit and do nothing for the distant future. I have seen a few private registration plates appear on the next DVLA auction, they are a single digit followed by 3 letters.
The reserve is low and similar over the past 6 years have sold for 500-1000. Does anyone have the slightest idea of re-sale value of a plate of this type in say 1-10 years time? If I paid £1300 for it, do you reckon I would recoup that cost and not loose anything if I were to sell it in 2-10 years?
I would rather have the plate, and for it to hold its value paid, than the funds sit in bonds.
The reserve is low and similar over the past 6 years have sold for 500-1000. Does anyone have the slightest idea of re-sale value of a plate of this type in say 1-10 years time? If I paid £1300 for it, do you reckon I would recoup that cost and not loose anything if I were to sell it in 2-10 years?
I would rather have the plate, and for it to hold its value paid, than the funds sit in bonds.
Thank you for the speedy reply!
As I stated, the funds would be sitting for the next year minimum anyway, and I'm in a position with income where I wouldn't be desperate to have access to the amount held in the plate.
'how long is a piece of string' came to mind!
I definitely would prefer a nice plate sitting on my car than £'s in bonds, you have just about affirmed my decision
As I stated, the funds would be sitting for the next year minimum anyway, and I'm in a position with income where I wouldn't be desperate to have access to the amount held in the plate.
'how long is a piece of string' came to mind!
I definitely would prefer a nice plate sitting on my car than £'s in bonds, you have just about affirmed my decision
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