Improved fuel economy saves you money every time you fill up your tank!
Fuel efficiency is a huge financial consideration when buying a car. In fact, buying a car with a higher fuel efficiency of 10 miles per gallon than another option you might be interested in can save you up to $10,000 over the time you own the car.
When shopping for your next vehicle, one of your first questions should be, “What kind of fuel economy are you getting?” Gas prices are so unpredictable that it’s essential to prepare for price hikes by making fuel economy your number one priority – so you can make driving a pleasure not guilty again!
Choosing a fuel-efficient car
- Here’s an example from fueleconomy.gov: A car that gets 30 mpg will cost you $610 less fuel each year than one that gets 20 mpg (assuming 15,000 miles of driving per year and a fuel cost of $2.44). Over five years, a 30-mpg vehicle will save you $3,050. Now that’s a big part of the change!
- There are also fuel cost and savings calculators that can be used to help you make an informed decision when buying your new fuel-efficient vehicle.
A good place to start is online at fueleconomy.gov, you can review the mileage and emissions ratings for all vehicles currently for sale.
Another good site is edmunds.com, which also has EPA mileage numbers on each vehicle’s “specs” page.
If you’re tired of emptying your wallet every time you fill up, below you’ll find a list of cars rated as the most fuel-efficient by Consumer Reports. These gas tampons listed below are also easy on the wallet.
- 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
Driving a fuel-efficient vehicle will not only save you money on fuel, but such a decision has other broader benefits as well. Reduces oil dependency costs, reduces climate change and increases energy sustainability. Obviously 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 on both new and used cars. Some credit unions will even give a discount for fuel-efficient cars, for vehicles with a highway rating of 40 mpg or higher. So you will save interest while you save on gas.