letting rego lapse

[ebv8]

I have too many cars and rego is getting expensive now so i'm considering letting the rego lapse on my BA GT.
my daily is an FG XT and the wife has her Adventra LX8 so the GT does not get driven, last time i drove it was to summernats and before that was xmas day, before that was to the track early last year
I did about 1800km in the year and in that time it had 2 insurance claims to repair it, hail and someone backed into it when i was getting a quote for the hail.
rego is about $1000 but its $1000 i can spend on things i need more
the BA GT is the 1of1 narooma blue so i'll be keeping it forever and handing it down to my daughter when i'm too old to drive it.

it will still be insured and I can drive it to summernats next year on a 28day permit and the same if i take it to the track plus i have a car trailer so i can trailer it anywhere

so am i stupid for considering this?

p.s. I have 2 bikes, 1 boat, 2 trailers, 3 cars all registed and insured
all up about $5k a year for rego and insurance for all of them

[Trump]

If the rego lapses, so does your current insurance policy.

[ebv8]

Originally Posted by Trump

If the rego lapses, so does your current insurance policy.

laid up cover will cover it for everything but not under its own power without a permit plus the premium goes from $700 to $250, so its still fully insured for $500 less per year

[Trump]

Originally Posted by ebv8

laid up cover will cover it for everything but not under its own power without a permit plus the premium goes from $700 to $250, so its still fully insured for $500 less per year

As long as you have that option, most people don't realise that standard policies are conditional on having current rego.

[d@rk51d3]

Down here, I've put 3 months rego on, let it sit for 6-12, then when they get stroppy and start demanding the plates to be turned in, I chuck another 3 months rego on.
Seems to get a bit more complicated if you're changing ownership of an unregoed vehicle though.

[Big_Daz]

I don't think its silly at all... If its not being used worth a damn then $1000 on rego, the insurance is a bit of a waste....

Unless you want to start using it daily and ditch the XT then let it lapse and use your car trailer to take the GT to Track Day's/etc...

[jmack]

same thoughts here 5cars and 1 on way,2 bikes,ski boat and 2 trailors.nearly 10k a year before you even turn a key.starting to think a drug habbit might be cheaper

[ebv8]

normally i would just pay it but we just adopted a little girl so all my toys are getting used less and less, she it too young to go for a white knuckle ride up the mountain in it yet or appreciate a manual V8....hopefully when she is on her L's in 13 years she wants to drive a manual if manuals still exist by then

[BPXR6T]

Originally Posted by ebv8

laid up cover will cover it for everything but not under its own power without a permit plus the premium goes from $700 to $250, so its still fully insured for $500 less per year

Mind if I ask who you are insured with? I have one project car on laid up but my policy with Shannons specifically says not insured for road use. If I can get a laid up policy which covers me for road use if I have a permit or even club rego then I would go that route. Currently paying $700/yr full comp on one car that has done 500km in 6yrs. TIA.

[ebv8]

shannons, i called them and laid up is anything not under own power, if i get a permit i must call shannons and change back to extreme limited use just for those few days
also i am paying $700pa for extreme limited use and it will go down to $400 for laid up

[71cop]

Yes it's called living beyond your means, if you can't afford everything then get rid of something.

[Vesper Martini]

I have to say, it is a Luxury to have extra vehicles, boats, bikes, carvans etc



The only way around it for you is some sort of car club rego price, but I think it needs to be classified as Historic or Classic

or pay for permits as its used -not sure if NSW offer this
https://www.vicroads.vic.gov.au/regi...le-permit-fees

[ebv8]

Originally Posted by Bevsta007

I have to say, it is a Luxury to have extra vehicles, boats, bikes, carvans etc



The only way around it for you is some sort of car club rego price, but I think it needs to be classified as Historic or Classic

or pay for permits as its used -not sure if NSW offer this
https://www.vicroads.vic.gov.au/regi...le-permit-fees

needs to be 30yo for conditional rego in nsw, we have a permit system thats about $22 plus CTP fees valid for 28 days but must provide route details and reason for trip

[lra]

I don't think it is a wise move.
As you are in NSW, check out with the RMS what you will have to do to get it re-rego'd in the future. Advice from members that are in states that are not NSW are not relevant.
The hassle I had to go through to get an old car that had been previously registered in my name at my address, and the hassle to get a private sale Qld car registered in NSW was worth more in my time and effort than the cost of the rego and CTP. Complete PITA.

[XC50077]

Have the same dilemma and have 3 cars insured with shannons on 1 policy, XC on club rego minimal use comp ins, Jag on 3rd party property damage and AU2 XR8 comprehensive but again minimal use. Just under $1000 a year probably drive these cars once a month or less but I still love to drive them. It all comes down to if you can afford to have them, cause once they are not registered and not driven they can still deteriorate quickly and particularly if not adequately garaged away from the elements.
Cheers.

I think there have been some changes made to the safety certificate process 'cause it seems pretty difficult now to get an old car passed. The last time I had it done, the fellow said that the bubbling tint on the rear windscreen rendered the car unroadworthy.

So just a heads up I guess... the car will probably be held to a higher standard down the track when you go to re-register it, and your daughter may need to spend quite a bit of money to fix stuff that's not really an issue.

[roKWiz]

Originally Posted by ebv8

needs to be 30yo for conditional rego in nsw, we have a permit system thats about $22 plus CTP fees valid for 28 days but must provide route details and reason for trip

And a current blue slip with the permit from memory.

[ebv8]

Originally Posted by roKWiz

And a current blue slip with the permit from memory.

the latest form from rms just needs a "Vehicle Suitable for Safe Use Declaration"
http://www.rms.nsw.gov.au/documents/...eclaration.pdf

this is just an owner certified form, my dad has used these twice buying unrego'd cars from auctions

[roKWiz]

Originally Posted by ebv8

the latest form from rms just needs a "Vehicle Suitable for Safe Use Declaration"
http://www.rms.nsw.gov.au/documents/...eclaration.pdf
this is just an owner certified form, my dad has used these twice buying unrego'd cars from auctions

Thanks, That's interesting cause the last time I was at the truck auctions in Sydney they wouldn't issue a travelling permit within NSW unless I had the vehicle (Under 4.5T) inspected and issued with a blue slip first.

[au350hp]

If I buy one coffee ad day M-F at $4. That adds up to $960 per year. If you go to 7-11 and make your own, you will keep $720 in your pocket. Anyone who buys their lunch 5 days a week is spending a minimum of $2400 based on $10 a day. We all look to things like broadband & phone contracts, or loan repayments to save a few hundred here and there, but the big expenses are the little ones. EbV8, there is no reason at all to let that rego lapse if you have a look at daily expenses. Also, always worth talking to underwriters when exploring insurance options.

[roKWiz]

Footnote.... the vehicle I was buying was previously registered the day before ?? Apparently Manheim truck auctions cancel the rego (if regoed) the day before an auction, go figure.

[ebv8]

http://www.rms.nsw.gov.au/documents/...icle-pemit.pdf
this is the UVP which needs the safe use declaration attached with it, no mention of a blue slip at all, I used 1 on a boat trailer last year, my dad used 1 of a 2003 focus from ACT to NSW and the other was a lwb Merc van from 30 mins away, no blueslips or anything require for those trips (all in past 12 months)

[roKWiz]

Sounds good, just read through the document and yes it doesn't mention blue slips.

[Rallye Sport]

I had a conversation with a mate about this over the weekend. He picked up a cheap T series and is going to hand in the rego, his reasoning is the moneys better off spent on the car, fair enough.
I prefer to keep the rego paid even if it means doing a weekend of OT at work to offset the cost from everyday life.
As mentioned before older cars can be held to higher account but the thing that gets me with the WA system is the inconsistency in inspection standards, what might pass one day won't the next, I've pitted a car, failed then re-submitted a couple of days later without a spanner turned and passed.
The biggest one for me though is test driving. I was able to tune, de-bug, nut and bolt the Escort at my leisure, I paid the rego for the five years it was off the road and a big selling point on my MK1 GT was that it was registered, I'll keep paying that too and be driving as soon as its done.

[.:4:.]

Conditional permits will be fine but in the long run keep the car in such a condition that a blue slip inspection wont be a problem. Cars are a bit more involved then trailers and i got a blue slip on a trailer a few years ago. Its not just doesnt leak any fluids, brakes work and off you go like a pink slip. The place i got the bluey from for my trailer is run by koreans. Korean cars aside, these guys run on an honour based system. Theyre actually a really honest mob who run a good shop. On the initial consult (i dont speak korean, only bogan english) i could sence they thought everyone says shes all good. They booked me in and it was a 2 minute turn around with a handshake. No bs from me, the reason for the 8 year expired rego was the previous owner had a jag. That model had no tow bar option and even if it did it would be rated too low. So the moral of my rant is keep maintaining it to the top standard, and if you want to get it back on the streets its not a painful exercise involving a to do list to do so. And yes, i live in nsw.