Studies have found that based on fuel costs, resale value and operating costs, diesel vehicles saved owners as much as $2,000-$6,000 in total ownership costs during a 3-5 year period when compared to similar gasoline vehicles.
Diesel passenger vehicles can save you money – a lot of money. Two studies by the University of Michigan Transportation Research Institute, the most recent being from June 2015, have found that based on fuel costs, resale value and operating costs, diesel vehicles saved owners as much as $2,000 to $6,000 in Total Cost of Ownership (TCO) during a three to five year period when compared to similar gasoline vehicles.
These studies reinforce what auto analysts and other comparative studies have determined in recent years about the cost efficiency of diesel vehicles. The significant savings diesel owners experience compared to gas car owners highlights another major reason why clean diesel vehicles sales are expected to increase throughout the U.S. in the coming years.
According to the June 2015 study:
“The results of the 2012-2013 TCO analyses are even more promising than the results of the previous 2010-2011 study. Overall, the results of the TCO analyses show that diesel vehicles provide owners with a TCO that in many cases is much less than that of the gasoline versions of the same vehicles. 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.
“Though there are some exceptions to these positive results for some of the diesel versions of vehicles from a TCO perspective, the overall direction of the results supports the idea that diesel vehicles compete well within the U.S. market. In particular, the idea that buyers can get a return on their initial higher investment in a diesel vehicle within three years is a very positive sign, considering that new vehicle buyers tend to keep their new vehicles for an average of three to five years.””
Fuel efficiency has always been a major attraction of clean diesel vehicles. Because diesels are 20 to 40 more fuel efficient than gas cars, drivers save money with diesels even when diesel fuel prices are slightly higher than gas prices.
And as the U.S. moves to the increase fuel standards of 54.5 mpg by 2025, drivers will become more aware of the advantages diesels have over other vehicles in many important areas like fuel economy.
According to the studies, diesel vehicles regularly show better cost efficiency in the following bench marks: