When buying a new car the current climate now makes the decision more complicated as we all want to save money, do we choose petrol or diesel?
When buying a new car the current climate now makes the decision more complicated as we all want to save money, do we choose petrol or diesel? To ensure you're making the most cost-effective decision you have to consider the higher purchase cost as well as resale values, fuel bills, servicing and insurance bills.
In 2010 the share of diesel cars sold hit a record high of 46.1% of overall sales for the year. This is up more from 41.7% on the previous year, while shares for petrol models are down from 57.5% to 52.8%. With some manufacturers cutting the premium between petrol and diesel models and the big price difference on the forecourt starts to come down, the idea of diesel saving car buyers cash could be returning. But then studies and calculations show that it takes years for a diesel model to start saving money unless you cover a high annual mileage. These days, it’s the strong torque, gutsy performance and tax savings that will keep many buyers going back to oil-burners, rather than opting for cheaper petrol models. However, with the help of turbocharging and direct injection, petrol powerplants are catching up on the technology front so the days of diesel’s dominance could be under threat.