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Flexible car regos a win for individuals and small business

By January 9, 2019News

The burden of paying car rego has been made easier for 1.3 million Victorians, as part of the first year of the state’s short term vehicle registration initiative.

Since the Labor Government launched short term registration on 1 January 2018, a quarter of all vehicle registrations have been processed using the flexible three-month and six-month registration options. Three-month registration was the more popular choice, with 770,743 registrations, compared to 542,693 for six months.

“The first year of short term registration has been a huge success, helping more than a million Victorians spread the cost of car rego over the year,” Acting Premier Tim Pallas said.

“Having to find more than $800 once a year puts a lot of people under financial pressure – by introducing shorter term payments, we’ve given people a chance to factor more manageable payments into their family budgets.”

Drivers in the City of Casey were most likely to take up the new rego options, while Craigieburn, Pakenham and Frankston were the suburbs with the highest take up in Victoria.

More men opted for shorter registration periods, with the total take up of three and six-month registration sitting at 54% males and 46% females. Overall, short term registration proved most popular with the 26-35 age group.

“It’s clear from the first year of operation that Victorians appreciate the flexibility shorter registration periods provide,” Member for Williamstown Melissa Horne said.

“Signing up for short term registration is quick and easy with a myVicRoads account – it’s just one of the ways that we’re trying to make life just a little bit easier for Victorian families.”

Short term registration allows people to pay less upfront and spread the cost of registration renewal across the year to better suit the family budget.

An average three-month registration costs $200.20 while an average six-month registration costs $400.40, compared to an average annual fee of $800.80.

Customers taking up short term registration can return to 12-month payments any time their next registration is due allowing you to move the financial burden to a quieter time of the year.

“With shorter registration periods and the online services provided through myVicRoads, we are helping make life easier for Victorians,” VicRoads Chief Executive Michael Malouf added.

To find out more about short term registration, or to see if your vehicle is eligible, visit www.vicroads.vic.gov.au

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