Yes but petrol preferred
Every thing for Ist timers (mall road, Chair lift, kashmir point, Bhurban,)
If you opt for Old Murree road , then you will get struck near Jika Gali, and probably you wont enter into Murree due to traffic Jam. Use murree motor way and you will reach Muzaffarabad in 3.5 hours
Consult tourplanner.pk for hotel booking in murree and muzaffarabad (Tour Planner, Packages, Flight,Pakistan Hotels,Pakistan Tours, Holiday Package Booking - TourPlanner.pk).
Around Rs 4k-5k per day per person inclusive of food , hotel and fuel
Avoid late night driving if your car is not upto the mark. You will not find many workshops after Magrib.