Baller Status: Tuner pays $870k for ‘F1’ license plate

Well, when you’ve got money like this, why not spend it on something that will turn heads – and no, we’re not talking about the car. Businessman Afzal Kahn, boss of Kahn Design and Project Kahn tuning house, cashed out a winning bid of £440,625 (that’s $870,000) for the right to own the UK ‘F1’ license plate. The 37-year old beat the previous record held by ‘M1’ that sold for £331,000 in July 2006.

Kahn threw the $870k license plate on his Mercedes-Benz McLaren SLR, which cost £200,000 less than the license plate.

“I knew I just had to have it,” said Mr Kahn. “I have spent years chasing it. I cannot believe I’ve finally got it.

The license plate was previously owned by a council chairman on his Volvo S80. He sold the 104-year-old registration to raise money for a charity which aims to raise the standards of young drivers.

Source: DailyMail (via AutoBlog)

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Automotive, Mercedes[/tags]