Car Registration Fees Review

One of our registrations comes due in August.  As such, I always get the renewal form in late July.

In order to level out our spending, I have a ‘sub-fund’ dedicated to Car Registrations & Roadside Assistance (AAA) costs that I just contribute $25 per month.  For the past couple of years, this has worked out great.

We bought a new (used) car last year.  It actually was an SUV.  I knew that our cost would most likely increase.  This was mainly due to the  fact that it was newer than the car it was replacing (a 2007 vs a 2003)  plus that it was a bigger class of car (the state of Michigan classifies it and most SUVs as a ‘station wagon’, which never fails to amuse me).

So, how much did it go up?

By $65, or 73%.  Last year, I paid $89 to renew the plates on my 2003 Olds Alero.  This year, the cost was $154 for the 2007 Buick Rainier.

That was a few bucks more than I had thought it would be, but at least I was prepared for it going up. We will probably have to increase the amount we contribute to this fund, but it will only be by a couple of bucks per month, so we should easily be able to absorb this.

The good news is that, for the longer we keep the cars, the annual renewal price will fall.  I’m not sure how most states work, but Michigan charges you based on the estimated re-sale value of the car.  Since most cars naturally depreciate, this should fall.  The biggest thing I’m keeping my eye on is an idea I’ve seen floating around as a way to raise funds for road repairs, which would be to raise the registration fees, by as much as 100%.  If this ever happened, we’d have to quickly bump up the amount we contribute to this, otherwise we’d be coming up short in a hurry.

Registration fees are just one element to remember as part of the overall cost of owning a vehicle.  Don’t forget to set money aside, and more importantly, don’t forget to renew your tabs or you could be in big trouble!

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

2 thoughts on “Car Registration Fees Review

  1. Hi,

    I am the webmaster of some finance related sites and my sites are doing fine in major search engines. While searching in search engine I have found your website (http://www.moneybeagle.com/) and as we both are in the similar field I would like to exchange links with your site.

    I have some healthy content pages in my websites and will give you some healthy links from my websites.

    So, if you are interested then kindly send me your link details. I will activate your links within few minutes.

    I can assure you that you will get good Search Engine value from our link.

    If you are not the concerned person, then kindly forward this mail to the webmaster concerned.

    Waiting for your reply to come.

    Regards,
    Emily Jones
    Email:-emily.jones025@gmail.com

    N.B: — This message contains personal, privileged, and confidential information and is intended only for the individual named. If you are not the named addressee,you are NOTIFIED not to disseminate, distribute,re-transmit, copy, or utilize this e-mail, and contents herein. Please notify the sender immediately by return email if you have received this e-mail by mistake. You are FURTHER NOTIFIED to delete this e-mail and any attachments, as well as any copies made thereof, from your computer system(s). The sender does not accept liability for any errors or omissions in the contents of this message and unless explicitly stated otherwise, does not intend to give legal advice or enter in an attorney-client relationship.

  2. Ouch, sorry to hear they jumped up.

    When I used to live in GA, they had a horrible personal property tax on vehicles due on your birthday every year based on the value of your car. It usually ended up being several hundred dollars. What a horrible birthday present from the state!

Comments are closed.