Study: Diesel Automobiles Save Owners Money over Gasoline Cars
A study by the University of Michigan’s Transportation Research Institute recently published a study that shows the total cost of ownership is lower for diesel vehicles than gasoline counterparts.
The researchers modeled used vehicle-auction data and fuel costs by modeling government data, and added those into the estimates of insurance, repairs, fees and taxes, as well as maintenance. They concluded that their data supports the idea that diesel vehicles can - and do - compete in a heavily gas-powered U.S. vehicle market.
Many consumers worry over the cost of diesel fuel compared to the cheaper gasoline, but when taken care of properly, cleaner diesel fuel is much better on a vehicle, helping owners maintain their cars better and last longer.
The study concludes that as more diesels are introduced into the U.S. market, the prices of diesel fuel may be lowered, just for the sheer amount of competing models.
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