Short term rego the way to go

More than 1.8 million Victorians are now paying their registration in instalments.

By Mitchell Clarke

Pakenham residents are among those most likely to utilise short-term car registration, the State Government has revealed.

More than 1.8 million Victorians are now paying their registration in instalments every three or six months, and Pakenham is one of three suburbs to have the highest number of short-term registered vehicles.

Roads and Road Safety Minister Ben Carroll said the scheme allowed motorists to pay less upfront and spread the cost of renewing a registration across the year.

“Short-term registration is continuing to help families balance their budgets … It gives people more flexibility with how and when they pay – helping them manage their household budget as we rebuild from the impacts of the pandemic,” he said.

“It’s all about giving people options and it’s great to see so many Victorians benefitting from the program.”

The scheme is particularly popular with young Victorians, with 59 percent of vehicles owned by drivers under 20 taking advantage of the flexible registration options.

A three-month registration in metropolitan Melbourne costs $211.20, a six-month registration costs $419.90 and an annual registration fee costs $834.80.

Revenue from registration fees is used to help fund TAC insurance to assist people as they recover from crashes, as well as to fund road upgrades.

 

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