Bahrain First Reg Plates Up For Sale By Auction
Reg Plates ArticleBahrain First Reg Plates Up For Sale By Auction
Bahrain to introduce private number plates for auction on the 08/04/2017
Manama, Ministry of Interior Undersecretary Shaikh Nasser bin Abdulrahman Al Khalifa, today announced that as part of the directives of Interior Minister Lt-General Shaikh Rashid bin Abdullah Al Khalifa, work is underway to introduced special new private vehicle number plates in the Kingdom’s first auction of registration plates.
He stressed that this step is in line with the Kingdom’s commitment to the principles of competitiveness, fairness and sustainability.
The first auction of number plates will be administered by a government company in which the revenues will be referred to the Ministry of Finance. Following the sale of vehicle number at the auction, the General Directorate of Traffic will issue a certificate of ownership to the buyer.
The Interior Ministry Undersecretary clarified that private vehicle number plate already in circulation will remain the property of their current owners, as all the numbers that will be auctioned are new. He said the new auction would provide a simple and accessible for any individual to acquire a private vehicle number plate.
How close a series of letters or numbers are to a real name of word: if the match quality is high (and the numbers and letters are very convincing in making a popular word), the value of the registration plate will be higher. This means that a match like 5IMON, for the name Simon, will be worth a lot more than a more obscure set of letters and numbers that are not as convincing a match, such as S17 MMM for the name Sam.
The style of the plate: this means establishing if it is a new-style plate, an older-style format or if it is dateless or Irish, for instance. Other options are that it is a prefix-style plate or a suffix-style plate. New-style number plates, which have been produced since 2001, tend to be the least valuable because they are a bit less appealing to some collectors, plus the rule about not having plates that are newer than your car can also come into play, putting people off from buying a newer-style plate for their older car. Prefix-style number plates, which were in production between 1983 and 2001 can be more popular as more vehicles are entitled to have those licence numbers, and they may have fewer characters in total. Suffix-style plates, issued from 1963 to 1983 are relatively rare, which means they can attract higher prices than prefix-style plates and newer designs. Dateless number plates, also known as cherished number plates, were produced between 1903 and 1963 and are nearly always the most valuable number plate configurations; they have fewer digits and their dateless nature means that people can hide the age of their car. Irish number plates are similar to dateless number plates, especially because they don’t have a year identifier. They also tend to be cheaper than other types of vehicle registration plates.
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