Although it is more expensive than petroleum-based lubricating oil, synthetic motor oil offers longer intervals (up to 25,000 miles) between oil changes without compromising engine life. Other advantages include superior temperature resistance, better low-temperature performance, and a lower oil-consumption rate.
When using synthetic oil, adopt the filter type and change schedule recommended by the manufacturer. The interval length between oil changes depends on varying factors, including type of vehicle, daily use, driving conditions, and the synthetic oil manufacturer’s recommendation. Less frequent oil changing can save your business money by reducing labor costs, oil and filter purchasing costs, and the associated disposal or recycling costs for these products.
Instructions for Using the Measurement Tool
The worksheet below is a simple cost-comparison tool where you can plug in your business’s costs and variables to determine whether replacing petroleum-based motor oil with synthetic motor oil will save you money. The current costs and variables presented in the worksheet represent default assumptions for calculation purposes only. If the information varies for your business, simply enter the correct information in the appropriate field.
After completing the worksheet, click on “Calculate the savings!” to see the cost savings of switching to synthetic oil. (Note: If you make subsequent changes to the worksheet, click on “Calculate the savings!” again to recalculate.)