What is the Price for a BH Number Plate?

As vehicle registration systems evolve, introducing the BH number plate has sparked curiosity about its associated costs. The question, ‘what is the price for a BH number plate?’ beckons exploration into the financial aspects of acquiring this distinct identification, shedding light on the considerations and expenses involved.

BH Number Plate Cost

The cost of BH series registration for a vehicle is segmented into three distinct price categories, contingent upon the type of the vehicle:

1. For cars priced under 10 lakhs, the applicant is required to pay 8% of the entire cost of the vehicle.
2. Subsequently, a fee of 10% of the purchase price is mandatory for cars within the price range of 10 to 20 lakhs.
3. Lastly, a fee of 12% of the total cost is assessed for cars exceeding 20 lakhs.

It’s important to highlight that electric vehicles qualify for a 2% tax deduction, while diesel vehicles face an extra 2% penalty. Additionally, road tax is obligatory for two years or multiples for private vehicles with the BH number plate.

Conclusion

Exploring BH number plate prices underscores the financial considerations for vehicle owners. As they seek this unique identification, weighing the costs against potential risks becomes pivotal. Considering the unpredictable nature of road incidents, coupling the investment with comprehensive car insurance policy provides a prudent strategy for safeguarding the vehicle and its owner.