Fuel costs key in value of new car
Although the cost of gasoline has declined, the cost of fueling a car should still be a major consideration while shopping for a new car. These tips can save you hundreds of dollars a year.
• Consider a hybrid. When one says “hybrid,” the Toyota Prius springs immediately to mind. But there are many other hybrids on the market, including the Ford Fusion, GMC Yukon Denali, Honda Insight and CR-Z, Hyundai Sonata, Lexus ES 350h, Toyota Camry and Toyota Highlander, among many others.
Hybrids offer better fuel economy than their conventional counterparts, although they generally cost more. So it can take several years before you realize any savings.
Consider the 2013 Ford Fusion SE. It costs $24,495 and its 2.5-liter four-cylinder engine is rated by the EPA at about 26 mpg in combined city/highway driving. In contrast, its hybrid counterpart, the Fusion SE Hybrid, costs $27,995, yet returns about 47 mpg in combined city/highway driving. It would take four years to recoup that $3,500 premium, according to the EPA.
• Don't overlook diesels. If you equate diesel engines with the loud, smoky machines of the 1970s, your thinking is outdated. Modern diesels, offered by Volkswagen, Audi, Porsche, Mercedes-Benz and others, offer good fuel economy, a smooth demeanor and — thanks to turbochargers — good performance.
• Opt for a smaller engine. Consider a four-cylinder instead of a six, or a six instead an eight. If you can live with a little less power, you can save money at the pump. Choosing the 1.4-liter four-cylinder engine in the Chevrolet Sonic instead of the 1.8-liter four-cylinder saves $250 a year for fuel, according to the EPA.
• Skip all-wheel drive. Unless you're going off-road in an SUV, all-wheel drive is not worth considering in a car. While there might be a small benefit in traction in some situations, you'll pay more for all-wheel-drive models, and then continue to pay at the pump. The all-wheel-drive Dodge Charger, with its V-6 engine and eight-speed automatic transmission, surrenders 2 mpg in fuel economy to its front-wheel-drive counterpart, or about $200 annually. That may not sound like a lot, but over 10 years, that's $2,000.
• Watch what it drinks. Vehicles that require premium fuel can be costly. The six-cylinder Volkswagen Passat requires premium gasoline; the five-cylinder Jetta doesn't. The difference is $400 a year.
• Skip gasoline entirely. If your new car is being used to commute, consider getting an electric car. The Nissan Leaf has a 100-mile range, while the Chevrolet Volt has a 40-mile range before a gas generator kicks in to recharge the battery. Similar electric vehicles from Ford, Honda, Toyota and others are on the market or due shortly. Two caveats, however. First, make sure your round-trip commute is within round-trip range of the batteries; recharging takes a long time and charging stations are scarce. Secondly, you'll need a garage to recharge your car overnight. Apartment dwellers are, for the most part, out of luck. Finally, weather and driving style can affect a vehicle's range.
Keep these tips in mind and you'll save a lot of money year after year.
Larry Printz is automotive editor at The Virginian-Pilot in Norfolk; email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- ‘Word people’ could start careers as court reporters, medical scribes
- Small stores take big gamble by not upgrading credit card readers
- Stop neighbors from stealing your Internet
- Amazon raises bar for other retailers with same-day delivery
- Shopping beacons join list of ‘next big thing’ disappointments
- Yahoo investors losing patience with ‘star’ CEO Marissa Mayer
- Many Black Friday deals not worth the hassle
- Nutritional supplement makers, led by GNC, want to create voluntary safety standards
- Covestro leader MacCleary finds stability amid change
- Pfizer acquires Allergan in $160B deal
- Stocks finish flat before Thanksgiving holiday; energy firms give back some gains