We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

Petrol vs Diesel

Posted on 18/10/2016

One of the longest running debates that still circulates in the motor world is whether to buy a petrol or diesel powered engine.  This is one of the first things you will have to think about when buying a new car, and we have an overview of both so you can choose the one that matches your needs most.

Driving Experience

Petrol is generally praised highly by traditionalist motorists as being better to drive than diesel. Generally the big difference when driving them is how they deliver their power. A diesel car will have less gear changes and provide a more relaxed drive whereas a petrol powered car will mean more revs, more gear changes and arguably a more exciting drive.

Driving Habits

When considering which kind of car to buy it is worth thinking about the types of journeys you will have. How often, how far and what sort of roads your travel on are factors that will affect your decision. If you commute to work and have to drive on the motorway frequently which means clocking up more miles, it would be wise to choose a diesel engine. Shorter journeys within the city or on winding country roads would be more appropriate for a petrol fuelled car which means you can take full advantage of the necessary gear changes.

A Shell Garage petrol station

Fuel Economy

Inherently petrol cars are less efficient than diesel. Diesel cars are more expensive at petrol pumps however they run more efficiently meaning you have to fill them up less. A diesel engine produces less CO2 emissions than petrol which means cheaper tax and insurance costs due to government regulations. Climate change is arguably one of the biggest environmental threats to our planet so the government have increased the amount of car tax you will pay based on the emissions and fuel type. Although diesel engines will emit lower CO2 emissions, they produce much higher levels of pollutants which are still an issue. Advances in engineering have blurred the lines between petrol and diesel in terms of performance and refinement.

Running Costs

Upfront, diesel is the more expensive option as diesel powered cars are more expensive to buy and fuel costing more at the pump. However, due to the efficiency of diesel engines you won’t have to fill up as often as a petrol engine which is usually 15-20% less efficient than a petrol model. On average, diesel cars are on average £1,500 more expensive than petrol for a standard family hatchback. Depreciation is another factor to consider that is often overlooked compared to other costs. Resale values have a big influence in deciding whether petrol or diesel will be the most cost effective. Petrol cars are more likely to depreciate more than diesel engine cars as they are not as efficient.

 

Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

Refused Car Finance Reviews

4.90 Average

89 Reviews

sorted me out with a great car finance deal despite my poor credit history, I recommend them

Jacob was friendly, Enthusiastic and knowledgeable, found me a great deal on my finance considering my low credit rating !!! Many thanks !!!

Excellent communication and the rep Dan kept me informed of all updates and rang me on time he said excellent all round service