> One thing that stopped me from seeking the vanity plate
I'm sure it differs between countries but in the UK vanity plates have become reasonably contentious.
As a gross generalisation they're fine if the car is worth hundreds of thousands or the plate itself is worth hundreds of thousands.
The UK plate "F1" last sold for just under £1m (about US$1.3m) over 10 years ago and it's rumoured that there are offers for ten times that from someone who wants to buy it now.
It comes down to a classic British issue of "class", which is inherently difficult to explain.
If you have the money to have, say, a Ferrari 250 GTO then you can do what the hell you like with it, including getting a vanity plate for it. You are rich enough that you don't care what anyone else thinks about you. Anyone seeing you and that car will know you are rich.
If you have the money to spend close to £1m on a plate like "X1" and decide to put it on beat up 15 year old 1.2 litre Ford Focus then, again, it shows you have stupid amounts of money and some delicious irony in putting it on an old beater of a car.
But if don't have a supercar and you get a relatively cheap vanity plate like "RMZ 1327" and stick it on a Range Rover Evoque that's only a couple of years old then it just shows that you're trying too hard and just aspire to be seen as rich. You don't have enough money for a really nice car, or a really exclusive vanity plate.
I guess the other way of looking at it is that people who don't have the money to get a vanity plate aspire to being able to do so as it would mean they have more money than they have now. Once they get to having that amount of money most realise that the money is best spent elsewhere (or not spent at all). Once they have so much money that having a vanity plate is inconsequential to their finances they may as well do it. So it's natural that some people want to pretend they've reached the "rich" state by buying a vanity plate preemptively - the problem is that this is so easy to spot it just looks gauche.
All of this obviously doesn't apply to countries where vanity plates aren't traded for stupid amounts like famous pieces of art.
In CA and AZ vanity plates are first come, first served. You cannot sell them either. You either keep them on a car, or you can keep on paying to keep it out of circulation forever. But once you give it up it goes back to the pool, and someone can get it.
Also, my vanity plate is $0 more than a normal plate. Why wouldn't I?
> It comes down to a classic British issue of "class", which is inherently difficult to explain.
The Frost Report sketch explains it quite well:
Loved your description of the class system. There's a general theme of old money wealthy people not caring about vanity purchases because they don't know how much stuff costs nor if that is a too much money or not.
It's interesting to see how luxury brands have different segments of clothes that range from no logos at all to a huge alligator the size of your chest, depending on whether you need to announce to the world that you made it or if you just want to have access to good quality clothes.