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28 Mar '13
Time to sell your custom number plates
Many that invest in custom number plates often forget the fact it could take many years before their investment gives them any profitable return. Number plates are like houses, when the market is weak, you might have to accept a loss, but if your patient enough for things to pick up again, you might be holding onto a profit.
Quality and patience is the key to success in the private number plates industry, sometimes holding onto good combinations for many years can be an investment better than money in the bank. At times new investors tend to worry on their purchase regards to the initial response they get when trying to sell on their newly purchased investments. The problem here is that new investors tend to assume that their purchases are instantly worth ten times their purchase value. Whilst this is highly unlikely and very rare that someone pays the silly prices new investors ask for their investments, it could be very well possible if they hold onto the same combination for years to come.
Certain number plates are different and do not carry the same criteria for investments, these kind of ‘’investments’’ are the type that should be sold as and when possible. For example if you own a combination like the name of a pop star, but that pop stars fame is beginning to fade away into dust as time passes by. The wise person in these circumstances should settle for a little profit or even breaking even, but NEVER settle for a loss. Remember, custom number plates are a type of investment that only one person owns, so if you know you have paid this amount of money, surely there is another person who will pay that amount, unless of course your investment combination is very bad.
Use our show plate builder to type in combinations you may be interested in investing. The number plate builder will show you a preview giving you a clear idea of what that combination will look like, and help you identify if its ‘attractive’ enough to buy.