Personalized license plates are special plates that are used on vehicles by both companies and independent owners. These license plates often spell out special words that can serve as a form of advertising for a business and can help grab attention. Also known as vanity plates, they also make great presents for friends and family members. The great thing about these plates is that their value constantly goes up, which makes them excellent investments.
Selecting the Best Number Combinations
The closer the combination of letters and numbers on the plate is to a recognizable word, the more valuable it will be. These plates can retail for millions of dollars and there is no ceiling on how much they can be worth. The trick is to select a winning combination of letters and numbers and if it is available to buy and you have the cash ready, you could stand to make a fortune when a company wants to snap it up later.
Retaining Your Number
The great thing about these special numbers is that they do not need to be kept on a vehicle. This means that individuals can actually own dozens of profitable numbers. The number has to be registered and retained in the form of a certificate and there is a small fee for renewing the ownership and retaining the number each year.
Selling Your Plates for Profit
The best way to maximize profit when selling on a plate is to contact an expert. There are several brokers who specialize in reselling personalized license plates and they can help investors to get the most for their money. Most of these agents work on commission, which means that sellers do not have to pay out anything unless they are successful and the agents take care of the advertising as well as all the fast talking.