It’s a familiar long standing debate when it comes time to buy a new car or pickup truck…in the midst of rising fuel prices. [Don’t be fooled by today’s reports that short term gasoline prices are going down…crude oil commodity prices have gone up 25% over the last year.] Would a diesel vehicle purchase make more sense financially in the big picture? Most would say that money would be the only genuine attractive quality of owning a diesel vehicle. Who in their right mind would actually want the noise, sluggishness and general stink that’s universally associated with diesel engines? Nobody…so it HAS to be a money issue first and foremost. So a new study was released last week saying that the overall cost of ownership for diesel is now LOWER than gasoline. Never mind that the study was commissioned by Robert Bosch LLC whose Automotive Technology sector recorded sales of $6.9 billion in 2012…largely due to diesel engine parts. No conflict there, huh?
So what’s the real answer to the debate then? Buy electric, hybrid or natural gas if you can…do yourself and the planet a real favor.
It’s cheaper to drive a diesel-powered vehicle than a gas-powered vehicle over the course of three to five years, according to a new study commissioned by Robert Bosch LLC – a company that makes plenty of diesel engine parts – using data compiled by The University of Michigan Transportation Research Institute. The savings stem not just from improved fuel efficiency but also overall fuel costs and better retention of value, and take into account the added purchase price of a diesel engine over its gasoline counterpart.
According to the study, “most of the savings are in the $2000 to $6000 range.” The highest return on investment comes from the Mercedes-Benz GL-Class. Buyers of a diesel GL will save a shocking $13,514 over the course of three years and $15,619 in five. Another star performer is the Volkswagen Golf TDI, which can save its owner more than $5,000 over three years. The full study can be found in PDF form at this link, and a press release with a summary of some of its findings can be seen below.