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More Than a Third of Diesel Vehicles Are Money-Savers

Savings on fuel costs make up for higher purchase prices By ,

Vincentric, a research firm of strong renown in the automotive field, recently published a 2016 study of diesel-engine cars and trucks and their total costs relative to their gasoline-engine brethren. The company previously had unveiled a list of the vehicles offering the best value on the market, published last summer.

The study’s main conclusion? Approximately 39% of the models studied had a lower total cost of ownership than comparable gasoline-engine models. This advantage applied to all the cars studied, while two-thirds of SUVs and one-third of trucks were also deemed to be money-savers.

“Due to higher purchase prices diesel vehicles generally have more expensive cost-of-ownership compared to their all-gas versions,” explained David Wurster, President of Vincentric. “However, with better fuel economy, nearly 40% of diesel vehicles are showing cost savings.”

The biggest gap in total cost involved the Range Rover, the diesel version of which gave owners over $22,000 in savings after five years. At the other end of the spectrum, buyers of the GMC Sierra 2500HD SLT were better off choosing the all-gas version, which would cost some $8,000 less.

Vincentric’s calculations were based on eight factors: depreciation, taxes and fees, financing, fuel costs, car insurance, maintenance, opportunity costs and repairs. The baseline assumption for each model studied was five years of ownership and 25,000 km driven per year.

Take a moment to check out the 2016 Canadian Diesel Analysis published by Vincentric, and if you’re considering buying a diesel-engine truck or car in the near-future, remember that is your smart starting point! Here is the list of currently available models:

BMW 328d xDrive (2.0L)
Chevrolet Cruze Diesel (1.6L)
Chevrolet Colorado Duramax (2.8L)
Chevrolet Silverado 2500HD Duramax (6.6L)
Chevrolet Silverado 3500HD Duramax (6.6L)
Ford F-250 Power Stroke (6.7L)
Ford F-350 Power Stroke (6.7L)
Ford F-450 Power Stroke (6.7L)
Ford Transit Power Stroke (3.2L)
GMC Canyon Duramax (2.8L)
GMC Sierra 2500HD Duramax (6.6L)
GMC Sierra 3500HD Duramax (6.6L)
Jaguar XE 20d (2.0L)
Jaguar XF 20d (2.0L)
Jaguar F-PACE 20d (2.0L)
Jeep Grand Cherokee EcoDiesel (3.0L)
Land Rover Discovery Td6 (3.0L)
Land Rover Range Rover Td6 (3.0L)
Land Rover Range Rover Sport Td6 (3.0L)
Nissan TITAN XD Cummins (5.0L)
Ram 1500 EcoDiesel (3.0L)
Ram 2500 Cummins (6.7L)
Ram 3500 Cummins (6.7L)

On the way…

Chevrolet Equinox Diesel (1.6L)
Ford F-150 Power Stroke (3.0L)
GMC Terrain Diesel (1.6L)
Land Rover Range Rover Velar 20d (2.0L)
Mazda CX-5 SKYACTIV-D (2.2L)