August 24, 2012
Vincentric Analysis Finds 8 Diesels Have Lower Cost of Ownership than Gas Models
The Vincentric 2012 Diesel Analysis determined that out of 23 diesel models measured, eight had a total cost of ownership (TCO) lower than their all-gasoline powered counterparts.
The eight vehicles with lower ownership costs are: all five Mercedes-Benz Diesel models, the Audi A3 Diesel, Ford F-350 Diesel and the Volkswagen Touareg Diesel.
When all costs to own and operate a diesel were taken into account, the average cost of ownership for diesels was $1,203 more than their all-gasoline powered counterparts, with results assuming an annual mileage of 15,000 over five years.
Vincentric measures eight cost elements for more than 2,000 vehicles configurations per model year, including depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost and repairs. Each month Vincentric re-compiles its database to take into account current vehicle prices, resale values, fuel costs, finance rates and other economic and market factors.
Further information regarding the diesel analysis is available at www.vincentric.com.