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Finance & Insurance

Electric Vehicle & Hybrid Tax in Victoria

tax on EV's in Victoria
VicRoads implements road user tax commencing 1st July 2021 Snapshot New road user tax for EV and PHEVs coming into effect on July 1 Government argues it is needed to get money back from EV subsidies Car industry disagrees with strategy From next month, electric vehicle owners in Victoria must send the state's highway authority photos of their car's odometer to record how far they've travelled or face having their rego cancelled. On July 1, the Victorian ...
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States Taxing Electric Vehicles

States may tax EV's
Victoria, South Australia and, it appears NSW, plan to introduce a type of road usage tax for EVs. Need to Know: EVs to be charged 2.5c/km PHEVs will be charged 2.0c/km Critics argue it is too soon to tax EVs Federal Liberal MP calls to scrap EV taxes UPDATE: March 17 2021 - The Victorian Government is pushing ahead with its contentious EV tax, announcing it is tabling legislation into Parliament to introduce the new charging framework. As announced in the 20...
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Vehicle Emission Taxes In France – Could Something Similar Come Here?

Are there more taxes coming?
       Could Australia adopt France’s crippling tax on performance cars? France has announced that its already severe emissions based taxation system will be revised for 2021, with duties more than doubling in certain cases. The result is that combustion-engined hot hatches could prove to be financial non-starters. The country that spawned greats like the Peugeot 205 GTI and the Renault Clio 182 has seen increases result in a new Megane RS costing its first owner as much as ...
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Are Country Drivers Really More Honest?

Country drivers are more honest than city drivers when it comes to car insurance, according to a survey by the insurance council of Australia. The Australian Bureau of Statistics recently released its Motor Vehicle Census 2014 which showed there are now 17.6 million vehicles registered in Australia (2.6% more than 2013) and that the average age of vehicles on Aussie roads is 10 years. But, a survey released by Understand Insurance (an initiative of the Insurance Council of Australia) has revea...
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Car Finance

Car Finance – Be Careful – Simple Mathematics You have selected your new or used car, and are very happy! That is terrific, but  now let’s look at the finance. Golden Rules When you are working on your budget or comparing different loans, always, always, ask for the monthly payment to include all fees (establishment/brokerage/monthly etc.) and government charges. Interest rate is only one factor that effects your loan. I have experienced establishment and/or brokerage fees of close to $...
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Collisions, Calamities, and Injuries

These statements are taken from actual insurance accident claim forms. They are real! (you can't make up this kind of stuff). Collisions, calamities, and injuries. Coming home I drove into the wrong house and collided with a tree I don't have. I told the police that I was not injured, but on removing my hat found that I had a fractured skull. I pulled away from the side of the road, glanced at my mother-in-law and headed over the embankment. I thought my window was down, but I f...
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Car Black Box Could Reduce Insurance Premium …

car black box
Insurance companies overseas and in Australia are offering in-car black box devices to monitor your driving and potentially lower your insurance premium. This little black box could save you hundreds of dollars off your insurance premium, and all you have to do is plug it into your car and let your insurance company check how you drive. Every single minute of every single day. In-car data-loggers have been used overseas for sometime now and while recent media reports in the UK have suggested a...
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