Here in Florida, it costs $225 to get a license plate transferred to a new vehicle, not included the $2 lien and registration fees. If you want to get fancy, you can get a custom license plate for a $25 annual fee. All-in-all, you can get a license plate for a new car in my home state for around $300.
For one Indian businessman, his license plate cost about 30,000x more than a typical Florida plate for a new car. That’s about $9 million, or 33 million dirhams.
The buyer was Balwinder Sahani and the plate he paid for says “D5”.
This guy was so happy after winning at an auction for license plates. It cost 33million dirhams….. And he was happy with the win. pic.twitter.com/rD1IyATV5c
— 104.8 Channel 4 (@channel4dubai) October 9, 2016
According to Independent, Sahani owns a property management company and the purchase took place during a Dubai government auction. They also noted that the proceeds from this sale will go to Dubai’s Roads & Transport Authority.
If you think $9 million is crazy for a plate, back in 2008 the “1” license plate was purchased for 52.2 million dirhams, or about $14,200,000 USD at today’s current exchange rate.