Improved fuel economy saves you cash every time you fill up your tank!
Fuel efficiency is a huge financial consideration when buying a car. In fact, buying a car that is 10 miles per gallon more fuel efficient than another option you may be interested in can save you up to $ 10,000 over the time you have the car.
When shopping for your next car, one of your first questions should be, “What kind of fuel economy do you get?” Gas prices are so unpredictable that it is essential that you prepare for the price escalation by making fuel economy your number one priority, so you can make driving a not-so-guilty pleasure again!
Select an energy efficient car
- Here’s an example from fueleconomy.gov: A vehicle getting 30 MPG will cost you $ 610 less fuel each year than one getting 20 MPG (assuming 15,000 driving miles per year and a fuel cost of $ 2.44). Over a five-year period, the 30 MPG vehicle will save you $ 3,050. Now that’s a fair amount of change!
- There are also fuel economy and cost calculators that can be used to help you make an informed decision when purchasing your new fuel efficient vehicle.
A good place to start is online at fueleconomy.gov, where you can review the mileage and emissions ratings for all vehicles currently for sale.
Another good site is edmunds.com, which also includes EPA mileage figures on the “Specifications” page for each car.
If you’re tired of emptying your wallet every time you fill up, here is a list of cars that Consumer Reports rated the most fuel efficient. These gas pumps listed below are easy to carry too.
- Ford Fiesta SFE
- Mitsubishi I-MIEV
- Ford Focus Electric
- Nissan leaf
- Chevrolet volt
- Chevrolet cruze eco
- Toyota prius
- Honda civic hf
- Hyundai accent
- Hyundai veloster
- Mazda 3
Not only will driving a fuel-efficient vehicle save you money on gas, but that decision has other, broader benefits as well. It reduces the costs of dependence on oil, reduces climate change and increases energy sustainability. Clearly, it is a decision you can feel good about!
If you’re ready to buy that new fuel efficient car, your local credit union offers affordable and competitive financing options for new and used cars. Some credit unions even offer a fuel-efficient car discount for vehicles with a highway mpg rating of 40 or higher. Therefore, you will save on interest while saving on gas.