The Victorian Government has made paying car rego easier for 1.3 million Victorians over the first year of short term vehicle registration.
Since the Victorian 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.
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.
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.
Source: Vic Government