Hunting for Diesel Vehicles That Could Save You Money

May 30
16:54

2024

adawong1

adawong1

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Diesel vehicles are renowned for their fuel efficiency, but is that enough to make them a better overall value compared to their gasoline counterparts? Beyond the initial purchase price, diesel vehicles often incur higher costs for ownership and maintenance. This is partly due to the need for a urea tank, which injects urea into the exhaust to neutralize pollutants. This so-called clean-diesel technology results in emissions that are cleaner than many gasoline vehicles, but it also adds to the maintenance burden.

The True Cost of Diesel Ownership

Fuel Economy and Emissions

Diesel engines are celebrated for their superior fuel economy. According to the U.S. Department of Energy,Hunting for Diesel Vehicles That Could Save You Money Articles diesel engines can be 20-35% more fuel-efficient than their gasoline counterparts (source). However, this advantage is sometimes offset by higher costs in other areas.

Maintenance and Repairs

Diesel vehicles often require more expensive maintenance and repairs. This is due to the complexity of modern diesel engines and the additional systems required to meet emissions standards. For instance, the urea tank, which is part of the selective catalytic reduction (SCR) system, needs regular refilling and maintenance. According to Vincentric, a firm specializing in the total cost of ownership analysis, diesel vehicles generally have higher insurance, repair, and maintenance costs compared to gasoline vehicles (source).

Depreciation

While diesel vehicles tend to depreciate at a slower rate on a percentage basis, their higher initial purchase price means that the total dollar amount of depreciation can be greater. Vincentric's research found that diesel vehicles often have higher overall depreciation costs compared to their gasoline equivalents.

Vincentric's Analysis

Vincentric analyzed 23 diesel vehicles available in the U.S., including 11 commercial vehicles and 10 consumer vehicles. The study examined the total cost of ownership over five years, assuming 20,000 miles driven annually. According to this research, nine diesel vehicles had five-year ownership costs lower than their gasoline counterparts. Here are some key findings:

Top Diesel Vehicles by Cost Savings

Vehicle Model Fuel Savings (USD) Total Ownership Cost (USD) Gasoline Equivalent Model Ownership Cost (USD)
Mercedes-Benz GL350 $4,750 $101 more GL450 4Matic Higher
BMW S350 Bluetec 4Matic $4,003 Lower S-Class Gas Model Higher

Notable Models

  • Mercedes-Benz GL350 Bluetec: This model achieves the highest overall cost savings among diesel vehicles analyzed by Vincentric. Despite a slightly higher purchase price, the fuel savings of $4,750 over five years make it a cost-effective choice.
  • BMW S350 Bluetec 4Matic: As the least expensive S-Class model, the S350 offers significant fuel savings of $4,003 compared to its gasoline counterpart. It features a 3.0-liter V-6 turbodiesel engine that produces 240 horsepower and achieves an EPA-estimated 21 mpg city, 30 mpg highway, and 30 mpg combined.

Conclusion

While diesel vehicles offer impressive fuel economy, their higher initial purchase price and increased maintenance costs can offset these savings. However, for certain models like the Mercedes-Benz GL350 Bluetec and BMW S350 Bluetec 4Matic, the overall cost savings can be substantial. It's essential to consider all aspects of ownership, including fuel economy, maintenance, insurance, and depreciation, when deciding whether a diesel vehicle is the right choice for you.

For more detailed information on the total cost of ownership for diesel vehicles, you can visit Vincentric's website.

Interesting Stats

  • Diesel engines can be 20-35% more fuel-efficient than gasoline engines (source).
  • Diesel vehicles often have higher insurance, repair, and maintenance costs compared to gasoline vehicles (source).
  • The Mercedes-Benz GL350 Bluetec achieves the highest overall cost savings among diesel vehicles analyzed by Vincentric, with fuel savings of $4,750 over five years.

By considering these factors, you can make a more informed decision about whether a diesel vehicle is the right choice for your needs.