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News "F1" License Plate For Sale At An Unbelievable $20 Million

18:37  10 april  2018
18:37  10 april  2018 Source:   motor1.com

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If you said you’re willing to pay $ 20 .3 million (£14,412,093.99) for a vanity license plate , might I offer you an investment idea called my bank account? That’s the price tag for the coveted “ F 1 ” license plate that’s for sale on RegTransfers.com.

If you said you’re willing to pay $ 20 .3 million (£14,412,093.99) for a vanity license plate , might I offer you an investment idea called my bank account? That’s the price tag for the coveted “ F 1 ” license plate that’s for sale on RegTransfers.com.

F1 License Plate© Motor1.com F1 License Plate

How much would you pay for a vanity license plate?

If you said you’re willing to pay $20.3 million (£14,412,093.99) for a vanity license plate, might I offer you an investment idea called my bank account? That’s the price tag for the coveted “F1” license plate that’s for sale on RegTransfers.com. That’s quite the penny for a license plate, especially for one as recognizable as it is. You indeed couldn’t rob a bank or elude police. However, if you have the cash for the license plate, you don’t really need to rob said back nor run from the cops. You could rent a private track for your high-speed antics. You could even rent some time pretending to rob a bank, too.

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We’re not so sure demand for this license plate will ever justify its out-of-this-world asking price. Any fool willing to pay 20 million for a license tag has way too much money to spend and should be ashamed of themselves for buying The First Of Only Five Italdesign Zerounos Made Is Up For Sale .

Unlike in the United States, U.K. drivers can resell their custom license plates to the highest bidders.

The famous plate has been owned by automotive company Kahn Design founder Afzal Kahn for years. He bought the plate back in 2007 for a cool $900,000 (£440,000) at the time. He’s had offers in the past for people to buy the plate, but he’s turned those down, believing the plate is worth more than what interested parties were offering.

Back in 2014, the plate popped up the same site with an asking price of £10 million. However, representatives for Kahn denied that he was selling the plate and that he never permitted RegTransfers.com to sell the plate in the first place.

If it’s a legit posting for the plate, there are likely plenty of eager buyers out there wanting the iconic “F1” license plate for their fleet of supercars.

So, while it’s unclear if this posting is legitimate, it’s still fascinating to wonder who would, or could, drop $20 million for a license plate. If you’re thinking of adding it to your Ford Escort wagon with rust on the bumper, may we suggest investing in something other than an “F1” license plate? You could buy several supercars, donate money to charity, or buy your own Formula One car. The list is endless.

Source:RegTransfers.com

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