By
Team Writer
/ December 21, 2016
When it comes to picking a pickup truck to purchase there are many options on the markets. New research may shed light on which one you should pick. Diesel pickups may cost more to keep and operate than ones who run on gasoline. This may help in the decision making process.
Key Takeaways:
- In addition to higher maintenance costs for many diesel vehicles, we’ve observed gasoline prices falling and diesel prices rising over the past several months.
- In spite of this, over 50 diesels showed cost-of-ownership savings, signaling to buyers that diesel cost-savings are specific to certain models and vehicle types.
- Vincentric measured total-cost-of-ownership of vehicles using eight different cost factors, including depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
“Vincentric compared the TCO of 356 diesel-powered vehicles with their gasoline counterparts over a five-year ownership period. The analysis assumed 15,000 miles driven per year.”