The Car and Truck Fleet and Leasing Management Magazine

TCO for Third of Canadian Diesels Beats Gasoline

July 09, 2015

Twelve of the 34 diesel vehicles measured in Vincentric's first Canadian Diesel Analysis had a lower total cost-of-ownership than their closest gasoline powered counterparts, according to the firm.

Almost all of the 12 diesel vehicles were luxury models, including four from Audi, four from Mercedes-Benz, and three from BMW. The Chevrolet Cruze Diesel was the only non-luxury vehicle with lower ownership costs than its gasoline counterpart.

While the average maintenance costs for diesel vehicles was $476 higher, diesel fuel savings averaged $4,005.

Vincentric's analysis considered depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs. It assumed a vehicle ownership period of five years and 25,000 annual kilometers of driving.

For more information about the Canadian Diesel Analysis and a chart showing results for all vehicles, click here.

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