How to save big money this year on your car rego

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You should already know that the cost of relicensing a vehicle drops substantially on 1 July 2015.

On 1 July 2015 the ACC levy portion of your vehicle licensing fee (rego) is going down by an average of 41% depending on your type of vehicle. To make sure you don’t pay more than necessary you may want to consider opting for a shorter licensing renewal period, for example three or six months. That way you’ll be ready to take full advantage of the new lower price when your vehicle licence comes up for renewal after July 2015.

If you own a vehicle that needs to be relicensed between now and 1 July 2015, there is something you can do to take full advantage of the big drop, and save money, possibly heaps.

  1. Firstly, what you should not do is relicense for a full year when you next relicense.
  2. What you should do is relicense only for the number of months from when your current license expires, up to and including June 2015.

The relicencing form allows you to relicence for any number of months from 3 to 12, so don’t think that you have to relicence for 12 months. You don’t.

Don’t be sheepish or whakama to relicense for less than 12 months (some of us have been going for 3 months each time for years!) No-one will ask you why. You are not doing something that you are not entitled to do.

A drop like this won’t happen again, so make the most of it!

Current Vehicle Registration Fees (we are still waiting for the new fee details)

Screen Shot 2015-01-23 at 11.23.59 pm

9 COMMENTS

  1. This information is half correct, the re-licensing fee of vehicles is going down. The first table shows the current fees for registering your car. This is a one-off payment when the car is first registered in New Zealand. The second table shows the CURRENT re-licensing fees (what we normally call “rego”). They haven’t put out the new fees for re-licensing yet, but I believe it’s going to drop to about $150 (down from $280.55) for 12 months on a normal passenger car.

  2. it doesn’t virtually half.. for example rego for private vehicle 3 months was $77, will be $70 after 1st July 2015. $7 is hardly half. more like 10% cheaper

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