Damnthematrix wrote: One question I've been meaning to ask you guys...... rego value is usually calculated on number of cylinders/rotors. HOW did they calculate yours, and how much were you charged?
It is treated as having one cylinder/rotor and so 12 months rego was $294.50 including $24.60 for the new number plates. There was no transfer fee or duty because it was previously registered to me. But when it does apply, EVs and hybrids have only 2% duty compared with 3% to 4% for other vehicles. 12 months CTP insurance is the same as for any other car or station-wagon and was $334.60 from RACQ.
Comprehensive insurance for modified vehicles is only available from Shannons, and you must establish that you are a "Motoring Enthusiast". AEVA membership was sufficient for that. They did not want to insure the MX-5 for the replacement cost that I estimated at $55k, but they insured it for $35k with a $500 excess and salvage rights, which suits me just fine.
Salvage rights means that if they declare the vehicle a total loss, I get to keep what's left of the vehicle, _and_ I get the full $35k. For other than a total loss, I can choose my own repairer, including choosing myself.
The first annual premium was $1024.95. If I make no claims (other than a windscreen) the premium is discounted 25% after the first year, 45% after the second year, and after 3 years with no claims a 65% discount is locked in, irrespective of any future claims.
One of the fathers of MeXy the electric MX-5, along with Coulomb and Newton (Jeff Owen).