Local drivers with registration renewals from January 1 will be able to take advantage of the Victorian Government’s switch to short-term vehicle registration.
Drivers now have the option of registering their vehicles in new, flexible periods of three or six months or remain on 12-month renewals, reducing financial pressure on families and boosting budgets of Victorians.
Tens of thousands of vehicle owners have already opted into new, flexible short-term rego options after creating an account on the my VicRoads online portal.
So far, more than 28000 vehicle owners have made the switch to new, flexible short-term rego options.
Roughly 75 per cent of eligible vehicle owners have selected the budget-friendly three-month registration option, while more than 7000 drivers have selected a six-month registration option.
By the end of 2018, VicRoads expects half of all registered vehicle owners will have made the switch to short-term registration, helping ease cost of living pressures for more than two million Victorians.
Owners of cars, utes, vans, motorcycles and other light vehicles are now able to make the switch to shorter term registration, or continue with an annual registration fee by creating a my VicRoads account.
Creating a my VicRoads online account will allow owners to choose the registration option that suits them, and receive electronic reminders when their registration is due.
Under the new arrangements an average three-month registration will be $200.20, an average six-month registration will cost $400.40, compared to an average annual fee of $800.80.
The Victorian Government invested $12million in the 2016 Victorian Budget to upgrade VicRoads’ registration systems, paving the way for short-term registration.
VicRoads currently processes 5.6million registration renewals each year, including 4.47million light vehicles.
To find out the facts on short-term registration or to sign up for a my VicRoads account, visit www.vicroads.vic.gov.au