Owning a car is expensive, so it's no surprise so many people do whatever they can to keep costs low. One way to do that is by investing in diesel vehicles or similar environmentally friendly cars, as these automobiles often require fewer stops at a gas station or less servicing throughout the course of its life. In fact, a new study from the University of Michigan Transportation Research Institute found that diesel owners save a significant amount compared to their counterparts with standard vehicles. 

According to the Institute's research, diesel drivers save approximately $2,000 to $6,000 throughout the course of three to five years of ownership when compared to those with standard gasoline vehicles. Many of these diesel automobiles are 20 percent to 40 percent more efficient than their counterparts, which allows motorists to spend less money on fuel. 

Lower depreciation also contributes to this savings. The study found 11 of 12 diesel vehicles retained more value than their gas equivalent in the span of three years, with eight of those cars boasting double-digit savings. 

"These new findings that clean diesel vehicles are a more cost-effective investment for car owners reinforces what auto analysts and other comparative studies have determined in recent years," said Allen Schaeffer, executive director of the Diesel Technology Forum. "The significant savings diesel owners experience compared to gas car owners highlights another major reason why clean diesel vehicle sales will increase significantly throughout the U.S. in the coming years." 

Drivers looking for ways to save money on their next used car should check out the selection of pre-owned vehicles at NJ State Auto Auction. Whether you want to find a diesel automobile or another low-cost option, the auction lot may have just the assortment of CARFAX-certified cars, trucks and vans to help you find the perfect ride.