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Buy a diesel save $20,000 over 5 years?0 Comments

From Diesel Technology Forum

Diesel car and truck buyers are finding that their vehicles are actually holding on to their value more than a comparable gasoline model. According to a new study, after five years of ownership, the total cost of owning some diesel models may actually be almost $20,000 less than a gasoline counterpart.

 New research released by the University of Michigan’s Transportation Research Institute examined the total cost of owning 16 gasoline vehicles and their comparable diesel models and found that the overwhelming majority of diesel cars, SUVs and pickups cost less to own than similar gasoline models.

“The estimates of savings for three and five years of ownership vary from a low of $929 in three years to a high of $19,505 in five years, but most of the savings are in the $2,000 to $7,000 range, which also include the extra cost that is usually added to the original price of the diesel version of a vehicle.” Read more.

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