Cherished Number Plate Information
Information about cherished number plate M1 LKY.
This registration can only be assigned to a 'M' registered or newer vehicle. (Registered after 01/08/1994)
This plate was sold at auction on 28/06/1994
Cherished number plates, such as M1 LKY, consist of a string of letters and numbers which provide a unique identifying mark for each vehicle licensed to use the roads in the United Kingdom. The number plates used to display this identifying registration number have to conform to exacting standards and specifications to ensure clarity and visibility. Recently the regulations pertaining to the display of DVLA registrations have become more and more rigorous as the authorities attempt to combat crime and traffic offences.
Private registrations can be a great investment, with high-status low number, dateless plates being the most sought-after. The most expensive plate bought so far in the UK is F 1, which was purchased in February 2008 from Essex County Council by businessman, Afzal Kahn, for £440, 625. This may seem like an massive amount of money, but it should be noted that Mr Kahn’s F 1 could actually hold its value better than the Ferrari that carries it. In September, the plate S 1 was bought for &opund;404,062.50, which shows that the popularity for number plates continues.
One of the most common reasons we hear for the purchase of a private registration is as a gift. At first thought it might not seem like the most obvious choice when it comes to choosing a birthday, Christmas or anniversary present, but a cherished car number plate is perfect in so many ways. How many other gifts are absolutely unique and personal, can make a personal statement about the owner, have practical benefits (such as making a car easy to spot in a crowded car park), and can offer real potential for later resale at a profit?