Don't get “locked-in” to high fuel costs

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(NC)—Since fuel costs are a substantial portion of a driver's annual transportation expenses, buying a vehicle with poor fuel consumption ratings can have long-term implications on your budget. Why not turn any new car purchase into an opportunity to save thousands of dollars over the lifetime of the vehicle?

According to data from Natural Resources Canada, today's vehicles range from those with low fuel consumption (like a mid-size hybrid using 3.7 litres/100 kilometres (L/100 km), city-driving), to vehicles with high fuel consumption (like a large van consuming 27.9 L/100 km, city-driving).

Although these automobiles serve different purposes, the fuel consumption numbers illustrate the importance of comparison information when making a buying decision. At today's fuel prices of about $1.20/L, the cost difference ranges from about $900 to $6,700 per year.

Car buyers will also see large variations in fuel consumption within a given vehicle class. For example, say you expect to drive your new automobile for 300,000 km and have narrowed your selection down to two possibilities. Vehicle A consumes 5.7 L/100 km and Vehicle B consumes 8.7 L/100 km. With the difference of 3 L/100 km, Vehicle B will cost you $10,800 more in fuel compared to Vehicle A.

To avoid getting locked-in to a gas guzzler, choose the most fuel-efficient vehicle that meets your everyday needs.

Consumers will find helpful information, including fuel consumption ratings and buying tips online at www.vehicles.gc.ca

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