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Well around here it is 55 cents more for diesel. So at that cost here is the break down on 15000 miles per year.
Gas: 11 MPG Mixed Driving is my avg on V10
15000 / 11 = 1363.64 x $3.00 = $4090.92 per year
Diesel: 16.5 MPG Mixed Driving is my buddy's 6.0 avg.
15000 / 16.5 = 909.10 x $3.55 = $3227.31 per year
That is only a savings of $863.61 per year.
So at an average of $5000 up charge for a diesel motor you will have to drive your truck 86700 miles to get an even ROI. That is equivalent 5.78 years driving 15000 per year at that time you could have the truck paid off then. Assuming you paid cash for the truck or 0% financing.
Most are not like this so...
Gas Truck cost $33000 (total cost) with a 6 year loan @ 6.9% will be $561.03 a month - total interest paid $7394.54. Making it a $40394.54 truck
Diesel Truck cost $38000 (total cost) with a 6 year loan @ 6.9% will be $646.04 a month - total interest paid $8514.83. Making it a $46514.83 truck.
So that would be a up charge of $6120.29
So on an up charge for a diesel motor of $6120.29 real world you will have to drive your truck 106200 miles to get an even ROI. That is equivalent to 7.08 years driving 15000 per year at that time you WOULD have the truck paid off before you ROI evened out.
Forget that, that does not even price in oil change differences.
Also note that at $85.01 payment savings per month will equal $1020.12 per yer and that will cover the cost of gas which was $863.61 per year more for the Gas engine.
So that is a savings of $939.06 in gas over the life of a 6 year loan for the gasoline truck.
Don't forget increased taxes and insurance based on value, plus increased maintence costs. And then if it breaks down out of warranty.........
I appreciate the info. And I am going to the mountains in northern new mexico
in a couple of months loaded down with horses and hay and water. I am ready
to see how my truck does. I think I will not be dissapointed. The jokes are funny
its nice to have a place to go and talk with people about this stuff.
My '01 came with 235/85R16's. I replaced them with 265/75R16's (31.6 inches in diameter) - same diameter. Odometer read 215 miles one-way to my favorite camping ground - my brother-in-law's land in Upstate NY. GPS confirmed that.
Just put 285/75R16's (32.8 inches in diameter) on this past summer, took the trip again.
Odometer showed 191 miles. GPS again showed 215.
I used 12.5 gallons to get there. And 12.5 gallons back.
Using what the odometer said, I got only 15.28MPGs.
But if I use the GPS value, it's 17.2MPGs.
Why is my odo off by 12.5% with 285's, when it was dead-on with 265's or 235's, ? I don't know. According to what the tire manufacturers SAY is the diameter, it's only a 3.8% difference.
What's even weirder? My speedo now reads 1 MPH high at 60MPH. Meaning, doing dead-on 60, the speedo says 61. I wonder how far off it was BEFORE the 285's?