Diesel-powered vehicles are often lauded for their impressive fuel efficiency, but the overall cost-effectiveness compared to their gasoline counterparts can be a complex equation. This article delves into the financial aspects of owning diesel cars and trucks, examining factors such as purchase price, depreciation, maintenance, insurance, and fuel costs. We also highlight nine diesel vehicles that offer significant savings over their gasoline equivalents.
Diesel vehicles typically come with a higher upfront cost compared to gasoline models. According to Vincentric, a research firm specializing in the total cost of ownership for vehicles, diesel cars and trucks often have lower depreciation rates on a percentage basis. However, because they cost more initially, the total dollar amount of depreciation can be higher.
One of the hidden costs of diesel vehicles is the need for additional maintenance. Modern diesel engines often require a urea tank, which injects a solution into the exhaust to neutralize pollutants. This "clean-diesel" technology reduces emissions but adds to the maintenance complexity and cost. According to Jesse Wurster, President of Vincentric, diesel vehicles generally have higher insurance, repair, and maintenance costs.
Diesel engines are known for their superior fuel efficiency. For instance, the Mercedes-Benz GL350 Bluetec offers significant fuel savings, with an estimated $4,750 in fuel cost savings over five years compared to its gasoline counterpart, the GL450 4Matic. This is based on a national average fuel price calculated over the past five months to better reflect market trends.
Vincentric analyzed 23 diesel vehicles available in the U.S., including 10 commercial vehicles and 13 consumer cars. The study evaluated the total cost of ownership over five years, assuming 17,000 miles driven annually. Here are the nine diesel vehicles that offer the most significant savings compared to their gasoline counterparts:
While diesel vehicles often come with higher upfront costs and additional maintenance requirements, their superior fuel efficiency can lead to significant savings over time. The nine vehicles listed above demonstrate that diesel can be a cost-effective choice, especially for those who drive long distances annually. For more detailed information on the total cost of ownership for these and other vehicles, you can visit Vincentric.
By considering these factors, you can make a more informed decision about whether a diesel vehicle is the right choice for you.
How to Instantly Lower Your Car Windows with a Remote
Discover a hidden feature in many modern cars that allows you to lower your windows remotely, helping you cool down your vehicle before you even get inside. This guide will explain how this feature works, which car models support it, and why it remains unknown to many drivers.
The Best Way to Instantly Lower Your Car Windows Using the Key Fob
Discover a hidden feature in many modern cars that allows you to lower your windows remotely using your key fob. This handy trick can help cool down your vehicle before you even get inside, making those hot summer days a bit more bearable.
How to Instantly Lower Car Windows Using Your Key Fob
Unlocking your car and rolling down the windows before you even get inside can be a game-changer, especially on hot days. This little-known feature, available in many modern vehicles, allows you to cool down your car without having to open the door first. Here's how it works and why you should start using it.
