Private Car Number Plates

Discussion in 'Styling & Decorating' started by MTR, 20th Sep, 2020.

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  1. MTR

    MTR Well-Known Member

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    What a great story:)
     
    MTR, 2nd Oct, 2020
    #41
  2. LIDM

    LIDM Well-Known Member

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    Interesting investment class... no cashflow, no intrinsic value, purely speculative growth prospects. However, limited supply, growing population of vain people, and I believe not generally subject to CGT.

    Perhaps a good bet if you believe in asset price inflation coming in the medium term?
    However, what about the long-term trends? Reduced car ownership, ride/car sharing, self-driving...?
     
    LIDM, 3rd Oct, 2020
    #42
  3. MTR

    MTR Well-Known Member

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    Very funny...... you think .... vain people?? Never thought of it this way
     
    MTR, 3rd Oct, 2020
    #43
  4. LIDM

    LIDM Well-Known Member

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    Well, they are called 'vanity plates'...!
    A bit tongue in cheek :) Just saying they have become more popular over time.
    Disclaimer: I hold:D
     
    LIDM, 3rd Oct, 2020
    #44
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  5. MTR

    MTR Well-Known Member

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    Just quickly googled, most expensive number plates

    Worlds Most Expensive Number Plates
     
    MTR, 3rd Oct, 2020
    #45
  6. Scaphella

    Scaphella Well-Known Member

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    Scaphella, 4th Oct, 2020
    #46
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  7. willair

    willair Well-Known Member Premium Member

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    willair, 4th Oct, 2020
    #47
  8. geoffw

    geoffw Moderator Staff Member

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    No wonder he got away with it.

    LGOPNR = Leg opener


    I once worked with a corporate regulator. There was a company with the name werafakawi. Once the regulator realised this, the name was revoked.
     
    geoffw, 4th Oct, 2020
    #48
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  9. alicudi

    alicudi Well-Known Member

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    alicudi, 14th Oct, 2020
    #49
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  10. MTR

    MTR Well-Known Member

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    MTR, 18th Jan, 2021
    #50
  11. Pumpkin

    Pumpkin Well-Known Member

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    Wow! Some people has more money than sense ?
    I dont think I want that plate, not being sour grape, just attract too much attention dont you think?
    And too easy for Police to issue fines :D
     
    Pumpkin, 18th Jan, 2021
    #51
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  12. MTR

    MTR Well-Known Member

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    Lol
    I think they could probably afford to pay the fines

    i think its pretty cool number plate
     
    MTR, 18th Jan, 2021
    #52
  13. wylie

    wylie Moderator Staff Member

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    Crazy price for a number plate. Surely you'd have to take it with you when you park anywhere?

    What happens if someone drills the bolts to get them off the car? If they are genuinely old, then a replacement isn't going to be worth the same, is it (are they)?
     
    wylie, 18th Jan, 2021
    #53
  14. MTR

    MTR Well-Known Member

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    Insurance

    .....due to rarity will just continue to go up in value
     
    MTR, 18th Jan, 2021
    #54
  15. MTR

    MTR Well-Known Member

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    MTR, 18th Jan, 2021
    #55
  16. wylie

    wylie Moderator Staff Member

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    Insurance doesn’t give you back a unique item. You can get a copy but it’s not the same... hence my question as to whether you would risk leaving it on the car. I wouldn’t.
     
    wylie, 18th Jan, 2021
    #56
  17. Foxy Moron

    Foxy Moron Well-Known Member

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    Foxy Moron, 18th Jan, 2021
    #57
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  18. Piston_Broke

    Piston_Broke Well-Known Member

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    aft.png
     
    Piston_Broke, 19th Jan, 2021
    #58
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  19. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Number plates are always "owned" by Govt. The user possesses a right of use. In many states that plate can be reprinted (eg NSW = Myplates.com.au) but a duplicate would be illegal and of no use to a buyer other than for display. But the owner of that right does have the ability to have plates reprinted in different styles and colours to match and enhance a vehicle. The value occurs with ownership AND rights to use which are an annual license fee.

    Does CGT apply to a sale of a plate ?
    It may. If the original owner applies then the cost is for a right to use. It is annual but exists until it lapses or is cancelled by police or RMS or the owner. In this case the cost is under $10,000 and therefore CGT does not apply to a sale. The cost of the plate is $XX a year. However, if the buyer acquires by buying an existing plate that may be different if the cost exceeds $10,000. Any profit on sale is assessable as a CGT event. Any loss is disregarded. The plate cannot be depreciated as it is a CGT asset.
     
    Paul@PAS, 19th Jan, 2021
    #59
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  20. MTR

    MTR Well-Known Member

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    Stealing $2M number plate would be pretty pointless
     
    Last edited: 19th Jan, 2021
    MTR, 19th Jan, 2021
    #60
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