The diesel advantage
Fuel Fix:
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.
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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.
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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.
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