Payback Period and Fuel Savings
Before installing a Start fuel saving device on your vehicle, you naturally will want to know:
- How quickly you will recoup your investment (payback period)
- How much money you will save over time
based on a unit cost of $2,025 USD1, average annual distance traveled of 100,000 miles and average fuel savings of 15%2, most long-haul trucks will experience Payback on their purchase in 50 to 70 days.
1 Note: All Calculations are in USD.
2 15% savings based on ELASIS (FIAT Group) - EPA test results; see Research and Evaluation Reports .
The following two formulas can be used to calculate the Payback Period for your vehicle.
Step 1: (annual fuel cost) x (15% saving) / (365 days) = (daily fuel savings)
Step 2: (unit cost) / (daily fuel saving) = Payback Period.
Example Annual Fuel Cost: $73,000 (Equivalent to daily fuel cost of $200)
Unit Cost: $2,025 USD
Payback Period: 68 days
Step 1: (annual miles driven per vehicle) x (fuel cost per U.S. gallon) x (15% savings) / (average miles per U.S. gallon (MPG)) = (annual savings)
Step 2: (annual savings) / (365) = (daily savings)
Step 3: (unit cost) / (daily savings) = Payback Period
Annual Miles Driven Per Vehicle: 100,000
Average Miles Per U.S. Gallon (MPG): 5
Fuel Cost Per U.S. Gallon: $4 USD
Payback Period: 61
- Annual Fuel Cost: $20,000
- Annual Savings: $3,000