If you’re in the market for a new motor then you’re probably asking yourself whether you want to go for a car that runs on petrol or diesel. With lots of motorists eager to cut their fuel bills, diesel cars have recently been in high demand as they are perceived as being a more cost-effective kind of vehicle. However the reality is rather more complicated that.
What To Consider
The first thing you’re likely to be thinking about when you go to choose a new car is the initial outlay as well as the running costs both now and in the future.
Diesel vehicles do tend to be a little more expensive when you are purchasing them and also hold their value well and typically have a longer, higher-mileage life, so used diesel cars are also usually more expensive than their petrol equivalent.
This is well worth considering fully, as depreciation is a large cost to think about when buying a new car. Then when you have bought your car and you’re running it on a daily basis, you need to remember that diesel fuel is a few pence more expensive than petrol in the UK (but it’s the other way round in most other European countries). However a diesel engine tends to be more frugal with fuel consumption, which means the higher the mileage, the lower the cost per mile.
Experts suggest that a used diesel car driver will have to clock up 10,000 miles to recoup the cost, and a new diesel driver some 6,000. So it could take some time to make buying a diesel car an economical option. Continue reading “Petrol cars or Diesel cars: Which should you go for?”