The diesel advantage
It costs less to own a diesel vehicle than a gasoline-powered one, according to a study that looked at new car prices, fuel economy and resale values.It is the resale value where many of the diesel cars shine. A Volkswagen diesel beat a Prius in cross country driving economy. I have never wanted to pay the higher purchase price, although in the losg term it maybe worth it.
Owners of diesel vehicles saved average of $6,000 compared with the cost of owning similar gasoline-powered cars over a five year period, according to the study from the University of Michigan Transportation Research Institute.
The main savings came from resale values and fuel costs, according to the study, which also considered repairs, insurance and maintenance expenses.
Diesel: Natural gas faces a long road to overtake diesel
“These new findings that clean diesel vehicles are a more cost-effective investment for car owners reinforces what auto analysts and other comparative studies have determined in recent years,” Allen Schaeffer, executive director of the Diesel Technology Forum, said in a statement.
Though a gallon of diesel is currently more expensive than gasoline, at about $3.83 nationally, diesel vehicles are far more fuel efficient, on average.
There were also some extremes in savings. On the low end, a Dodge Ram 2500 owner saved $67 in total costs for the diesel version compared with a gasoline version over five years. On the high end, a Mercedes-Benz GL Class diesel resulted in a savings of $15,619 compared with a gasoline version of the car over five years.