Purchasing your first car is a significant milestone, representing a newfound level of independence, freedom, and responsibility. Beyond the practicality of transportation, owning your first car holds immense importance and brings a range of benefits and life lessons. As you embark on this journey, there may be a temptation to make your first car truly yours with a personalised registration. We will explore the various benefits and steps involved in purchasing a private number plate.
What is a private number plate?
Essentially, a private number plate is a plate that is deliberately chosen and purchased by the owner, instead of a default reg number assigned to the vehicle by the DVLA.
Why are private plates popular with students?
Over the years, the popularity of private plates within the UK has soared, captivating a wide audience and becoming a prominent trend in vehicle customisation. It offers them a chance to make their vehicle stand out from the crowd. By choosing a private plate that reflects their name, initials, or a meaningful combination of characters, students can add a unique touch to their cars. This will enable them to express their individuality.
While not all students may consider this aspect, certain private registrations’ value can appreciate over time. It is dependent on a variety of factors such as desirability, rarity and historical significance. There is a fraction of students that will view their private plate as a long-term investment opportunity with the hope that they can sell the registration for a higher price in the future.
Are personalised number plates expensive?
The perception that all private plates are expensive can deter students from purchasing them. In reality, there are private plates available at different price points, so there is a chance that you could find a personalised registration that fits within your budget. If eligible, you can pay for the plate in monthly instalments with certain plate suppliers.
Do you need to own a car to buy a private plate?
Even if you haven’t yet acquired your own vehicle, there’s absolutely nothing stopping you from purchasing a private number plate and having it prepared for your future car. The process involves transferring the registration to a V778 (retention certificate). Obtaining a retention document enables you to obtain peace of mind that your desired private plate will be preserved and reserved for a decade, even if you haven’t purchased a vehicle yet. This grants you the freedom to own a personalised registration, allowing you to express your individuality and style when the time comes for you to own a vehicle.
On the other hand, if you do happen to own a car, you can apply for the personalised plate to be assigned to your current vehicle, whether it’s from another car or a V750 certificate of entitlement. These transfers can be fairly easy if you possess an up-to-date vehicle logbook (V5C) in your name and duly complete the relevant forms.
So should you purchase a private plate for your vehicle?
When considering whether a student should purchase a private number plate, it’s worthwhile to consider both the advantages and disadvantages. It is evident that they offer an exciting opportunity for personalisation and individuality for your vehicle. Whether you are a first-time car owner or an experienced driver, a private number plate can add uniqueness and character to your vehicle. Some students may also view it as a long-term investment opportunity. However, it is crucial to note that some personal plates can be quite costly. For students on a limited budget, it may not be the most financially prudent decision.
Throughout this guide, we have explored the benefits and considerations surrounding private number plates. It is evident that these plates, also known as personal number plates, are called so for a reason. They offer individuals a creative form of self-expression. While there may be differing opinions on their appeal and concerns about potential perceptions, the decision to acquire a private number plate remains a personal choice. Whether you see them as a positive differentiator or view them with reservation, understanding the various aspects discussed in this guide could empower you to make an informed decision.
Remember, the true value of a private number plate lies in the personal meaning and significance it holds for the individual driver.