Cherished Plates - Price increase from €315 to €1000

Owen

Pretty much what the subject says, the price of Cherished Numbers is to go from 315 Euro to an even 1k. Nice :eek:

Seperate

I didn't think we did these... do you mean for people to do the likes of '01 D 53' - as in 01 D S3 ?

Anan1

ned78 wrote: »

Pretty much what the subject says, the price of Cherished Numbers is to go from 315 Euro to an even 1k. Nice :eek:

Anyone else remember learning about Giffen goods in school?

smash

where did you hear this?

Biro

Seperate wrote: »

I didn't think we did these... do you mean for people to do the likes of '01 D 53' - as in 01 D S3 ?

Yep, they're the ones.
Kind of typical Government move to be honest. Instead of raising it a bit, to maybe €500, they now put it into the price category where 99% of people will just say "ah, I won't bother, a grand is too expensive" so they'll end up getting nothing.

smash

I still want to know where this info is coming from...

Owen

steve06 wrote: »

where did you hear this?

Internal eMail at work today.

steve06 wrote: »

I still want to know where this info is coming from...

Jaysus. Give me 2 mins. I'm trying to have my coffee here

Mr. Presentable

ned78 wrote: »

Pretty much what the subject says, the price of Cherished Numbers is to go from 315 Euro to an even 1k. Nice :eek:

So what? If that sort of thing is important to you then you deserve to be seperated from your money.

smash

do you work at the VRO?

Owen

Nope.

smash

nipplenuts wrote: »

So what? If that sort of thing is important to you then you deserve to be seperated from your money.

Jesus there's always one isn't there...

kikel

ned78 wrote: »

Pretty much what the subject says, the price of Cherished Numbers is to go from 315 Euro to an even 1k. Nice :eek:

A great idea. A good way of taxing people with way to much money.

bazz26

Not surprised really if this is true.

I am surprised however that they didn't tap into this during the celtic tiger when people had lots of money to through away at vanity plates and the likes.

Tipsy Mac

Talk about hitting a man when he's down, the poor motor trade . I'm guessing this is only the start of it, 20% on road tax and 5cent on a litre petrol will be next.

I think they should allow for €10,000 your own personal plate which is transferable to your next car for life, eg 09 - D - DAVE or whatever, then we would see the real lads with the cash.

kikel

Here is a better idea. The government\VRO office should make a big deal out of these place and auction them off to the highest bidder.

-Chris-

That's pointless, I'd say the amount of applications for custom regs will drop through the floor.

Rather than selling a decent number of regs at €315 a pop, they'll sell barely any at €1,000 each. Another "revenue neutral" gov't miscalculation?

smash

AudiChris wrote: »

That's pointless, I'd say the amount of applications for custom regs will drop through the floor.

Rather than selling a decent number of regs at €315 a pop, they'll sell barely any at €1,000 each. Another "revenue neutral" gov't miscalculation?

Totally agree, it's a pointless exercise!

I just hope it's only for 09 cars onwards or something like that. It's nice to take a piece of the money you've saved on importing a car to make it more personal. This will kill the cherished reg market for sure!

-Chris-

Just to backup Ned, we just spoke to VRO, they confirmed Ned's info.

smash

AudiChris wrote: »

Just to backup Ned, we just spoke to VRO, they confirmed Ned's info.

When is it coming into affect?

kikel

Lads, I personally have no interest in owning a personal plate myself. But i think their is a huge market for this. Check out the UK and other countries. It big business. Revenue\VRO\Government check out which plates are in demand from previous applications and then price them accordingly. If they sell they sell if they don;'t the don't.

Owen

Well, yes, it is pointless in the guise they've delivered this price change in. I've been saying for years that the Government should actually bring in UK style cherished numbers, like A1V1N for someone called Alvin, etc, and auction those off. They would generate a nice stream of revenue from that, and it could be used to offset VRT (As if!)

And to all the begrudgers on this thread, seriously, get a life. If someone wants a nice number on their car, leave them to it, they're not harming you, or infringing on your way of life, and if that's the type of thing that upsets and worries you, you've got issues.

smash

kikel wrote: »

Lads, I personally have no interest in owning a personal plate myself. But i think their is a huge market for this. Check out the UK and other countries. It big business. Revenue\VRO\Government check out which plates are in demand from previous applications and then price them accordingly. If they sell they sell if they don;'t the don't.

that will never work here as our plates can't be transferred and they have the year on them.

why buy 08-D-kikel for €1,000 when it can't be transferred and even if it would, you'd need another 08 car!

kikel

steve06 wrote: »

that will never work here as our plates can't be transferred and they have the year on them.

why buy 08-D-kikel for €1,000 when it can't be transferred and even if it would, you'd need another 08 car!

I was more talking about reg's that people already apply to get eg XX X 318 for a BMW or JJ kavanagh always getting XX X 1 from a number of counties. Or how about me going for 09 KK 1 because my initials are KK. I don't like this but i see a market for it.

Anyway, the government could introduce transferable plates if the so decided.

-Chris-

steve06 wrote: »

When is it coming into affect?

Effective as of 7th Oct, they'll start taking applications for '09 plates on 15th Oct.

smash

yea I just called there, already in affect and not only for 09 cars - for cars of any year!

Hotwheels

I wanna Plate like this..

-Chris-

I'd say it's because demand went up due to more people importing cars.

unkel

AudiChris wrote: »

Rather than selling a decent number of regs at €315 a pop, they'll sell barely any at €1,000 each.

I doubt it. I'm with Anan on the Giffen goods here: the more expensive it is, the more it sells

But as others said, the government should hold auctions or differentiate in prices in some other way to maximise revenue from cherished plates.

More money coming in through plate sales means less money needs to come from other tax sources (like you or me). And the punter who buys a 5INGH or VIP1 type plate for €1,000,000 feels great too. Win-win situation if ever there was one imho!

TheBazman

Why do UK cherished plates appear like the word instead of actually being the word eg 51NGH instead of SINGH? Do they have to have both letters and numbers?

Chergar

unkel wrote: »

I doubt it. I'm with Anan on the Giffen goods here: the more expensive it is, the more it sells

Hey Unkel, Not going to go off topic here, but a giffen good is very hard to assertain and for true theoritical expansive economics we cant really define it in real world circumstances.
For basic theoritcal (all things being equal) study we use things like inferior basic requirments, such as bread. this is simply because as the basics in life go up in price, we need to use more of our income with it and increase consumption.
To class a 1000 euro reg plate into this would be hard to prove. Altho it would be interesting to try!!! (and possibly for another thread) as you might win a noble price for truly proving a giffen good. Altho exclusivity may rise, the margin between 350 euro and 1000 euro is probably not enough to increase demand based on that, and as we do not need the reg plate as a neccassary item, i dont think an increase in price will increase demand for this. I would have to agree with other posters that it will drop off. But it would be interesting to see, and possibly debate on the theoritics of it.

(i'm actually an economist, so that's why im sad enough to find this interesting:))

Owen

TheBazman wrote: »

Why do UK cherished plates appear like the word instead of actually being the word eg 51NGH instead of SINGH? Do they have to have both letters and numbers?

Because the number 1 is too similar to the letter i, etc, and in the event of an accident, you must be able to report the plate clearly. Hence numbers take priority over letters ... 1 replaces I, 4 replaces A, 3 replaces E, etc.

copacetic

unkel wrote: »

I doubt it. I'm with Anan on the Giffen goods here: the more expensive it is, the more it sells

But as others said, the government should hold auctions or differentiate in prices in some other way to maximise revenue from cherished plates.

More money coming in through plate sales means less money needs to come from other tax sources (like you or me). And the punter who buys a 5INGH or VIP1 type plate for €1,000,000 feels great too. Win-win situation if ever there was one imho!

maybe if we had proper cherished plates, some people don't mind paying 300 quid for an even number or 25000 or whatever, very much doubt people will pay 1000 they will never get back for it.

They will still get someone buying 09 D 89 for a DB9, and the odd 335 and stuff, but not all the even or 101010 type numbers imo.

daRobot

kikel wrote: »

Here is a better idea. The government\VRO office should make a big deal out of these place and auction them off to the highest bidder.

Agreed, that would be the clever solution.

Putting it up to 1k a plate is madness, and hope to god that's not an indication of what's to come with the budget.

recycle

IMO everyone whose posted on the topic of why dont the government introduce a UK style chesried reg numbers has completey missed the bigger picture.

Theres massive revenue earned from those who spalsh the big cash and trade every 1st/2nd/3rd year in order to have the current years reg plate.

The jokers in govt would loose massive revenues if they introduced private cherished numbers.

After all who can tell the difference between a 2007 and 2008 porsche cayenne with a private registration plate? Nobody.

kikel

recycle wrote: »

IMO everyone whose posted on the topic of why dont the government introduce a UK style chesried reg numbers has completey missed the bigger picture.

Theres massive revenue earned from those who spalsh the big cash and trade every 1st/2nd/3rd year in order to have the current years reg plate.

The jokers in govt would loose massive revenues if they introduced private cherished numbers.

After all who can tell the difference between a 2007 and 2008 porsche cayenne with a private registration plate? Nobody.

You have got a point, but this would be one step up from that. An extra source of income for the government.

Give the car a normal registration and let owners of cherished reg's replace the year reg. When they resell thge car the old place is put back on. Most people would not bother with a cherisehed place as it's a waste of money in their eyes and maybe others think they stupid

Owen

recycle wrote: »

After all who can tell the difference between a 2007 and 2008 porsche cayenne with a private registration plate? Nobody.

Generally, the owner's neighbours/colleagues/relations are the ones who can tell the diff, and are usually the ones the owner are trying to impress.

recycle

ned78 wrote: »

Generally, the owner's neighbours/colleagues/relations are the ones who can tell the diff, and are usually the ones the owner are trying to impress.

Not a chance.

Most of ur colleagues/relations will generally be keyed into your 'affairs'.

U wont be impressing them when they know how the merc ur driving is crippling you financially thru some HP scheme or other.

TomMc

This move will seriously curtail the market in cherished plates for sure. Very few people will order numbers now at 1000 a pop. Not on mainstream cars anyway, only the upmarket stuff and in much smaller numbers. Buys alloy wheels & tyres at that kind of money. They will probably make a price adjustment once more, some time in the future. Govt have to learn things the hard way.

In the meantime, for those who already have a specific number and have no intention of changing their car anytime soon, for once we have beaten the system. The 315 outlay is starting to look like a very shrewd move indeed.

Owen

recycle wrote: »

Most of ur colleagues/relations will generally be keyed into your 'affairs'.

None of my colleagues or relations have a clue about my financial affairs, nor will they. It's the same in most other people's lives I'm sure.

Regardless of your opinion, even most of the UK motoring magazines would agree that when you buy a new car, it's to impress the neighbours - hence the phrase 'keeping up with the Jones' '.

If your logic were applied to the UK market, and if people wouldn't have an incentive to buy a new car if they had a private plate as you suggest, why then is the UK such a buoyant market? Is it due to the large population? Perhaps, but there's also a massive cherished plate industry in the UK, and it hasn't dented car sales whatsoever.

-Chris-

copacetic wrote: »

maybe if we had proper cherished plates, some people don't mind paying 300 quid for an even number or 25000 or whatever, very much doubt people will pay 1000 they will never get back for it.

If they were transferable, you'd have loads of people looking to buy them, but as it is you're only buying a nice plate for the next owner.

recycle

ned78 wrote: »

None of my colleagues or relations have a clue about my financial affairs, nor will they. It's the same in most other people's lives I'm sure.

Regardless of your opinion, even most of the UK motoring magazines would agree that when you buy a new car, it's to impress the neighbours - hence the phrase 'keeping up with the Jones' '.

If your logic were applied to the UK market, and if people wouldn't have an incentive to buy a new car if they had a private plate as you suggest, why then is the UK such a buoyant market? Is it due to the large population? Perhaps, but there's also a massive cherished plate industry in the UK, and it hasn't dented car sales whatsoever.

Ok, if you say so.


ps Your secretarys keeping secrets from you. She Knows.

Owen

recycle wrote: »

ps Your secretarys keeping secrets from you. She Knows.

If only I had a secretary. Mmmmmmmmm.

unkel

Chergar wrote: »

Hey Unkel, Not going to go off topic here, but a giffen good is very hard to assertain and for true theoritical expansive economics we cant really define it in real world circumstances.
For basic theoritcal (all things being equal) study we use things like inferior basic requirments, such as bread. this is simply because as the basics in life go up in price, we need to use more of our income with it and increase consumption.

I'm not a fan of the narrow definition of a Giffen good

Chergar wrote: »

i'm actually an economist

Yeah you me and George Lee. It means nothing

Chergar

unkel wrote: »

I'm not a fan of the narrow definition of a Giffen good



Yeah you me and George Lee. It means nothing

Hey Unkel

It means nothing in context of disscussing a point (which it was not what i was trying to do_, but it does legitamise the sadness of being interested in giffen goods. It wasnt a back my point up comment thing, just that's why im interested in it. I didnt know i gave a narrow definition of a giffen good:), just trying to see how a 1000 euro reg plate is a basic good, compared to a regular reg. but like i said didnt want to go off topic... Just pointing out that you were HARSH:D

el tel

Why on earth anyone would pay to have a particular plate in the Irish format is beyond me. Are there statistics for the number of ballons who do this?

smash

el tel wrote: »

Why on earth anyone would pay to have a particular plate in the Irish format is beyond me. Are there statistics for the number of ballons who do this?

xx-x-355
xx-x-911
xx-x-599
xx-x-360
xx-x-430
xx-D-89

etc etc

All very desirable plates!

el tel

steve06 wrote: »

xx-x-355
xx-x-911
xx-x-599
xx-x-360
xx-x-430
xx-D-89

etc etc

All very desirable plates!

All very naff more like. If with minimal dicking about the registration corresponded to a person's name then that would be partially understandable but obviously this does not apply in Ireland on the most part. To have the number match the car model is dorky.

Owen

el tel wrote: »

All very naff more like ... To have the number match the car model is dorky.

But that's your opinion. And the world would be a very boring place if everyone had the same opinion. Why all the negativity? If you don't like one, don't buy one. If looking at one upsets you, look away. If you want to buy one, do. Live and let live!

parsi

I'd rather 700-odd on something I'll never buy than on my cartax.

I fully endorse cherished plates - keep the money flowing in.

joeperry

I saw a 08 3 series coupe today and its reg was 08 D 320i should read 3201,why someone wants to advertise they have only have a 320i is a bit silly,but it was debaged aswell......plonker!!?!:eek:

irish.rugby.fan

Really cant see the sense in increasing the price by so much.

I was thinking of getting a cherished plate :), 07 G 71 when i was going to get a GTi but ended up getting a Cooper S instead so didnt bother.

Would have paid the €315 but def not €1,000.

Surely demand will fall by more than 2/3's leading to less income from cherished plates?