Tuesday , May 11 2021

Which car do you want to make the most economical: gasoline, diesel or hybrid?

"Today, greening is becoming increasingly important, and car manufacturers have to match their models with increasingly rigorous carbon dioxide emissions. Innovations in the internal combustion engine and new power plants make it possible to offer both less polluting and more economical models. When deciding to buy a new car, one has to take Considering not only the type of fuel used by it, because the long-term belief that diesel models always pay are not necessarily true today, "said Tomas Pulikas, Consumer Director and Consumer Automotive Finance Department of Swedbank.

According to T.Puliko, today there are about 2 of 3 new passenger cars sold in Lithuania by petrol-driven cars. The remaining third part of the model consists of diesel engines, with several percent of all sales coming from hybrid or electric cars. In addition to the car brand and specific model attributes, two other important factors affecting the purchase of a car are its costs and operating costs.

How to evaluate cars with different engine engines according to these criteria? To make a more objective assessment, one of the most popular German manufacturers versatile, petrol, diesel and hybrid versions can be used for comparison.

The price of the same model is a difference of up to 50 percent

"If you choose to purchase this model, you would at least pay for its version with a 1.4-liter petrol engine – the price of the new model is about 28,000 euros. To take advantage of the usual car rental agreement and buy this car if five years by 30%. residual value, you have to pay about 302 euros within a month, "- commented the expert.

If the resident chooses to choose a model with a diesel engine and similar dynamic properties, it would cost about 32 thousand. euro or 14% more expensive. Accordingly, a monthly payment of 345 euros would increase.

Finally, the hybrid model costs a 50% rechargeable battery. more for a model of gasoline engine, and its monthly lease fee according to the above terms would amount to 435 euros. However, the hybrid system is much more productive than an internal combustion engine, the operation and regular maintenance of such a car is cheaper compared to diesel or gasoline models.

Pictures of Swedbank / Tomas Pulykas

Pictures of Swedbank / Tomas Pulykas

Lower costs compensate for the starting price?

According to T.Pulic, the average fuel consumption of the hybrid model is extremely low, according to the manufacturer's data, to 1.6 liters at a distance of 100 kilometers. The average fuel consumption of the diesel model is almost 3 times higher and reaches 4.6 liters, while the gasoline model is 5.1 liters.

"The final operating costs are determined not only by the technical characteristics but also by the distance traveled. As a car drives more kilometers per year, its cost effectiveness becomes more important, for example, if you drive around 10,000 cars a year. It will cost around 637 euros , about diesel fuel – about 565 euros and a hybrid – about 200 euros, according to the fuel prices in the middle of November, according to the fuel consumption fuel model, says T.Pulikas.

In the event that the monthly leasing charges and the average fuel value were collectively assessed, the gasoline model is still the cheapest option for which you would pay around 355 euros per month. At that time, the diesel leasing fee and fuel consumption would cost 392 euros per month, with a hybrid model of approximately 450 euros.

T.Pikikas pointed out that if the distance traveled a year is significantly higher and reaches for example 25 thousand. The attractiveness of more cost-effective models should increase. But even in this case, the gasoline model is the cheapest option – the total monthly leasing charges and fuel costs amount to approximately 435 euros. And the cost of diesel and hybrid models is similar – in both cases they amount to approximately 470 euros.

Additional benefits with hybrid models

These calculations are based on the manufacturer's average fuel consumption. In reality, they may vary depending on driving style or driving conditions. For example, the benefit of a hybrid model can expose more time while driving around the city while driving a diesel model for more time traveling outside the city.

"In addition, the hybrid model used in this comparison can be charged from the power grid. Regularly, you use this option even more expensive. It is estimated that the cost of using 100 km of electricity costs only about 2 euros. Diesel or gasoline should be spent 2-3 times more. argument for hybrid models – they retain a higher value over time, and some of their mechanical elements carry worse than usual models, experts say.

Despite the efficiency of hybrid models, their high price still does not prevent the diesel's economic attraction, especially gasoline models. When a car is used under normal conditions, a significantly lower starting price still leads to using a new gasoline engine model to be the most economically attractive option. However, car manufacturers continue to invest in the development of hybrid and electricity models, but the situation may change in the near future in terms of planning incentive programs for the purchase of such cars by governments.

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