Buying a car can be downright overwhelming when you consider monthly payments, insurance, fuel costs, repairs and maintenance. If you’re looking to save money, choose a diesel. While upfront it may cost more, over the long run, a diesel can save you $2,000 to $6,000 in total ownership costs over three to five years as compared to their gasoline counterparts, according to research by the University of Michigan’s Transportation Research Institute (UMTRI).
Not only are diesel models more fuel efficient, but they depreciate more slowly than gasoline models. According to AOL Autos, “UMTRI’s research compared 12 diesel vehicles to their gasoline counterparts and found they achieved between eight and 44 percent higher miles per gallon, resulting in ten to 29 percent lower fuel costs overall. When looking at depreciation, UMTRI found that 11 of the 12 diesel cars analyzed held their value better than their gas counterparts during the first three years of ownership, with eight logging savings of 17 to 46 percent. Over five years, there was an overall savings of 10 to 39 percent in depreciation costs.”
Diesel cars are becoming more and more common, with diesel trim variations available on many mass-market and luxury vehicles. More benefits of owning a diesel car? Not only are diesel cars more efficient and hold their value better, but their more fun to drive, too. Diesel cars typically offer more torque and in return, faster acceleration, and at lower rpm than their gasoline siblings.
Interested in a diesel? Stop by Bradshaw Chevrolet Buick GMC Cadillac to learn more and see what all the hype is about.