This is the question when buying a new or second hand car. What fuel type should I choose? Petrol, or diesel. There are however many misconceptions about this subject. It is logical thinking among many motorists that diesels are cheaper to run. However, petrol cars can be much cheaper to buy at the outset than diesels, and sometimes they can be cheaper to run.
Pay back costs for petrol or diesel cars
The overall cost effective choice is dependent upon the following:
- The manufacturer
- The model of the car
- The size of the car
- The fuel type - petrol or diesel
- Servicing bills
- Car tax
- Cost of parts
Most motorists usually select diesels over petrol believing they are onto a real winner because diesels are known to drive further on a full tank. However, since diesel cars cost more to buy initially, it could take years for motorists to recoup back their money again, even in the secondhand market. The Glasses Guide statistics prove on average that a diesel lover will really need to be driving approximately 10,000 miles per year to recuperate the costs. These figures have been calculated on the overall buying and running costs of the vehicle.
The increase in fuel over recent years, particularly with diesels has now altered our concept of what fuel type we should go for.
Many years ago when diesel fuel cost less than the price of petrol, pay back was not an issue. But, today diesels are actually more expensive to run that petrol which in turn does pose the question is it really cheaper to buy a diesel motor?
Today, a three year old second hand diesel car can cost approximately £2,000 more to buy than its petrol version. Hence, when calculating the annual mileage, this diesel lover would have to drive a lot more miles compared to its petrol rival. If you are somebody who drives approximately 5,000 miles annually, then diesels are most certainly not for you.
When motorists are thinking about buying a car, they often do not consider the upfront cost versus overall running.
Individuals habitually calculate the monthly fuel budget and base the car around those figures. As you can see there are now major differences between petrol and diesel cars.
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