Vehicle registration costs are now easier to manage, after new options for registration renewal came into effect from 1 January.
Drivers now have the option to register their vehicles in periods of three or six months, or continue to renew registration every twelve months. This reduces the financial pressure on Victorian family budgets.
Under the new arrangements an average three-month registration will be $200.20, and an average six-month registration will cost $400.40, compared to an average annual fee of $800.80.
So far, more than 28,000 vehicle owners have made the switch to the new, flexible rego options. Three quarters have chosen the three-month option, and more than 7,000 drivers have selected a six-month option.
By the end of the year, VicRoads expects half of all Victoria's more than two million vehicle owners will have made the switch to short-term registration.
Owners of cars, utes, vans, motorcycles and other light vehicles can make the switch to shorter term registration by creating a myVicRoads online account. They choose the registration option that suits them, and receive electronic reminders when their registration is due.
For details on short term registration, or to sign up for a myVicRoads account, visit www.vicroads.vic.gov.au.