Hi all, I received this from a very reliable source, so thought to share it with you all. If you are up with the news, then you should already know that the cost of relicensing a vehicle drops substantially on 1 April next year. The drop is about $130, or $11 a month. For a petrol car, the cost of relicensing virtually halves. If you own a vehicle that needs to be relicensed between now and 31 March, there is something you can do to take full advantage of the big drop, and save money, possibly plenty. Firstly, what you should not do is relicense for a full year when you next relicense. If you do that, you will gift the government $11 a month for each month from May next year that you have relicensed for. What you should do is relicense only for the number of months from when your current licence expires, up to and including April next year. And I mean April, not March, because if you relicense in March, you will be paying the current fee, not the much lower new fee. You have to relicense in April to take full advantage of the new, low fee. So, for example, if your current licence expires next month (September), you renew only for SEVEN months up to and including April. If you then license for the other five months, you will have paid $55 less than if you next relicense for 12 months. If you have more than one vehicle that needs relicensing before 31 March, then you will save even more. The relicensing form allows you to relicence for any number of months from 3 to 12, so don’t think that you have to relicense for 12 months. You don’t. Because you have to relicense for at least three months, if your current licence expires in February or March next year, then you are stuck with gifting the government $11 or $22. But only relicense for three months. Don’t be sheepish or afraid to relicense for less than 12 months. No-one will ask you why. You are not doing something that you are not entitled to do. In April (or May if your current licence expires in February, or June if it expires in March) you have two choices. You can revert to renewing for a year. But if you have a lot of other bills in April and so would like to relicense in an easier month, then relicense only for the number of months until your preferred month, then relicense for 12 months when your preferred month arrives. A drop like this won’t happen again, so make the most of it!
Posted on: Tue, 16 Sep 2014 01:22:45 +0000
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