TrueCar.com finds fuel economy packages sometimes make sense
(April 12, 2012) SANTA MONICA, Calif. — TrueCar, Inc. today released a study which concludes, that depending on the vehicle you purchase, the hundreds of extra dollars paid for the premium fuel-boosting option could make financial sense or could prove to be a costly investment for minimal fuel economy gains.
The options that provide better fuel economy for the consumer may not seem costly when looking at the initial purchase price but consumers need to be wary that the difference in fuel economy can be nominal for some vehicles and could take nearly 50 years to pay back the initial investment.
2012 Mazda3 Touring with SkyActiv
The vehicle that provides the best option for a consumer is the Mazda3 Touring with SkyActiv, which is cheaper than its counterpart vehicle, providing the best value for a consumer with immediate savings while the Chevrolet Sonic took nearly three years to pay off the premium for the Ecotec version. The popular Ford F-150 with EcoBoost took less than five years to break-even.
"The price of gas has consumers thinking about fuel economy but there's a financial investment involved with most of these fuel-saving packages," said Jesse Toprak, Vice President of Market Intelligence at TrueCar.com. "It's important to compare the improvements in fuel economy and the extra costs of the package before purchasing a new vehicle."
Fuel-Boosting Vehicles Under Five Years of Payback
Year |
Make |
Model |
Trim |
Average Paid |
Net Price |
Combined MPG |
Years to Break-Even |
2012 |
Mazda 3 |
Touring |
4dr Sedan s Grand Touring |
$23,450 |
$23,450 |
24.7 |
|
2012 |
Mazda 3 |
Touring with SkyActiv |
4dr Sedan I Grand Touring |
$22,366 |
$22,366 |
32.4 |
(1.9) |
2012 |
Chevrolet |
Sonic |
4dr Sedan LT 1LT |
$15,956 |
$15,956 |
29.4 |
|
2012 |
Chevrolet |
Sonic with Ecotec Turbo |
4dr Sedan LT 1LT with Ecotec Turbo |
$16,591 |
$16,591 |
33.1 |
2.9 |
2012 |
Ford |
Edge |
4dr SE FWD, 3.5L TI-VCT V6 |
$26,702 |
$26,702 |
21.9 |
|
2012 |
Ford |
Edge Ecoboost |
4dr SE FWD with EcoBoost |
$27,566 |
$27,566 |
24.3 |
3.3 |
2012 |
Kia |
Forte Sedan EX |
4dr Sedan Auto EX 2.0L Auto |
$17,513 |
$17,513 |
29.7 |
|
2012 |
Kia |
Forte Sedan EX Eco |
4dr Sedan Auto EX 2.0L Auto Eco Package |
$17,786 |
$17,786 |
30.7 |
4.2 |
2012 |
Ford |
F-150 |
2WD SuperCab 145" XLT 5.0L V8 Engine |
$28,878 |
$28,878 |
17.2 |
|
2012 |
Ford |
F-150 with EcoBoost |
2WD SuperCab 145" XLT 3.5L V6 EcoBoost |
$29,731 |
$29,731 |
18.2 |
4.5 |
There are some models that only provide a small increase in fuel economy and the payback time on the investment could be lengthy. The Cruze Eco has the highest years to break-even, with 48 years but the Fiesta SFE also takes more than 36 years to pay off the cost of the fuel-saving option.
Fuel-Boosting Vehicles Over Five Years of Payback
Year |
Make |
Model |
Trim |
Average Paid |
Net Price |
Combined MPG |
Years to Break-Even |
2012 |
Chevrolet |
Cruze |
4dr Sedan LT w/1LT |
$20,129 |
$20,129 |
30.3 |
|
2012 |
Chevrolet |
Cruze Eco |
4dr Sedan ECO |
$20,982 |
$20,982 |
30.6 |
48 |
2012 |
Ford |
Fiesta |
4dr Sedan SE |
$15,464 |
$15,464 |
32.8 |
|
2012 |
Ford |
Fiesta SFE |
4dr Sedan SE, SFE Package |
$16,075 |
$16,075 |
33.1 |
36.2 |
2012 |
Ford |
Focus |
4dr Sedan SE |
$16,874 |
$16,874 |
31.8 |
|
2012 |
Ford |
Focus SE with SFE |
4dr Sedan SE with SFE |
$17,305 |
$17,305 |
32.4 |
12.4 |
2012 |
Honda |
Civic |
4dr Auto LX |
$18,632 |
$18,632 |
32.1 |
|
2012 |
Honda |
Civic HF |
4dr Auto HF |
$19,398 |
$19,398 |
33.4 |
10.6 |
2012 |
Kia |
Soul Auto Base |
5dr Wagon Auto Base |
$16,529 |
$16,529 |
30.1 |
|
2012 |
Kia |
Soul Base Eco |
ECO Package |
$17,483 |
$17,483 |
31.8 |
9.3 |
2012 |
Kia |
Soul+ |
5dr Wagon Auto + |
$18,133 |
$18,133 |
29.1 |
|
2012 |
Kia |
Soul+ |
2.0L ECO Package |
$18,585 |
$18,585 |
30.1 |
6.7 |
TrueCar's fuel-boosting options study assumes gas prices at $3.90 per gallon and an average 15,000 miles driven annually. As fuel prices change, the break-even periods will adjust. When gas prices rise, a shorter break-even time will occur, while after gas prices decline, the break-even time will increase.