Petrol vs. Diesel

Petrol or Diesel?

So you’ve made the big decision to buy a new car but you are still torn between diesel or petrol? This choice can play a vital role in your final decision making process, and so if you’re struggling to make a final call, it’s useful to look at the pros and cons of both options.

Considering the costs

It is widely accepted that diesel cars are more expensive to buy, with manufacturers asking for premiums of around £1000-£2000 on diesel models. However if you’re doing a lot of miles, then the higher fuel efficiency of diesel cars can give you better value for money over 3-4 years.

Although diesel cars may prove to be cheaper in the long run, you may want to keep in mind the high cost of maintenance and servicing. Diesel cars are more expensive to buy due to their advanced fuel technology, and this unfortunately means that it will cost more to service them. It’s also worth considering that insurance prices vary for diesel and petrol cars, so it can be useful to get a few insurance quotes to ensure you’re seeing the full picture.

Next, you must consider the resale value. According to the Money Advice Service the resale price for diesel cars does tend to be more than their petrol counterparts, and so this could help to retain some of your vehicle’s value if you decide to sell.

Fuel price and consumption

Although in previous years diesel has been cheaper than petrol, an increase in demand means that it’s now more expensive per litre. However if we look at fuel consumption, diesel engines use 15%-20% less fuel than their petrol equivalents, meaning less visits to the fuel pump.

We can’t predict fuel prices in the future, but we do expect diesel cars to continue to be the most fuel efficient of the pair.

Behaviour on the road

Driving the two types of car can be quite different, and this is where personal preference plays a larger role. Diesel engines are notorious for being noisier than the more refined petrol engines, but this problem has improved over the past few years. It’s also worth noting that Diesel engines have increased torque, giving it more pulling power at lower revs.

Diesel cars are most suited to those who drive many miles per year, or frequent motorway drivers. In this case, diesel cars can serve you well, as their engines are highly efficient at high speeds. For someone who drives shorter distances such as city driving, the school run or just a few miles to and from work – then a smaller petrol car can prove easier to maintain both practically and economically.

Weighing up the options

The answer to the petrol v diesel question is not black and white, but what is clear is that it’s important to take the time to weigh up all the factors involved. To help you make your choice, here’s a quick checklist of things to consider when looking for your next car:

  • The car price
  • Fuel consumption
  • Fuel prices
  • Your usual annual mileage

Have you found the car of your dreams, but need help to buy it? At Moneybarn we provide car finance for both good and bad credit. Why don’t you get in touch for some personal advice? We are happy to help!

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