Bidding Starts 1 April For Special RIMAU 1 To 9999 Number Plates
No, its not an April's Fool joke. Malaysians looking for unique plates will be able to bid for RIMAU 1 to RIMAU 9999 starting tomorrow, 1 April.
In conjunction with Malaysia hosting the 2017 SEA Games for the ASEAN region this year, these SEA Games commemorative number plates are being released by the Ministry of Youth and Sports (KBS) via the Road Transport Department (JPJ).
According to the “RIMAU PLAT” Facebook page set up earlier last month to promote the special plate series, RIMAU which is a short form of the games’ Malayan Tiger mascot stands for Respect, Integrity, Move, Attitude and Unity.
Yesterday, Youth and Sports Minister Khairy Jamaluddin launched the number plate bidding which he announced that the revenue will go towards the cost of hosting the SEA Games and ASEAN Para Games which would take place in August and September respectively.
"All bids will take place through the online bidding e-bid system with the proceeds going towards the cost of hosting KL2017.
"We hope to get as much as possible from the bidding process because not only the number plates are a memento to the people but also the proceeds can be used for financing the organising cost," he told reporters at the launch, Bernama reports.
The UK in particular has a relationship with personalised number plates. According to estimates by the DVLA (Driver and Vehicle Licensing Agency), the UK reported an excess of two billion pounds in tax revenue from tax auctions over the past 25 years. As they are keen to state, an expression of interest in a particular plate by three people or more is enough to push the price of that Reg plate through the roof. It has also been documented that the buyers let their hearts take control of their heads when they bid for these plates.
Personalised number plate auctions are constantly rewriting the record books with regard to the highest price paid for a plate. The record currently stands at £518,000 which is quite impressive. The prices of these Regplates does not seem to be slowing down either.
Of particular interest is the recent auction of the highly-hyped 250 C Reg plate which sold for £21,500. This is a clear indication that the expectations for the prices of personalised number plates will continue to increase.
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