Yes, the forever plate has paid off for me! Owned it 8 years now. No yearly registration but NC sends me a property tax bill every year, usually only 3 bucks!I bought a forever plate for $75 that doesn't get a new registration or taxes paid every year. I move the plate from the boat, open, enclosed and bike trailers. You don't need trailer lights in NC if you can see the vehicle lights that pull it. I always have lights as I don't like accidents.