THEY’VE been available interstate for years, and finally Victoria is introducing short-term registration payments for vehicle owners.
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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.