MELBOURNE – Finally Victoria is introducing short-term rego payments for vehicle owners.
The Andrews Labor Government is reducing the stress of car registration costs for Victorian families, introducing flexible, short-term options for rego payments.
From January 1 next year, owners of cars, utes, vans, motorcycles and other light vehicles will be able to pay their registration in three-month and six-month installments.
An average three-month registration will be $200.20, and the average payment for six months will be $400.40.
At the moment, car owners have to fork out an average of more than $800 in a lump payment to register their vehicle.
Roads and road safety minister Luke Donnellan said the plan would take pressure off of individual budgets.
“Having to find more than $800 once a year puts a lot of people under financial pressure – by introducing shorter term payments, we’re giving people a chance to spread the cost of owning a car out over the whole year,” he said.
Victoria processes 5.6 million registration renewals each year, including 4.47 million light vehicles.
To find out the facts on short term registration, visit www.vicroads.vic.gov.au