How to Pay Only $2.99 A Gallon for Three Years
Chrysler has announced about a month ago a program where if you buy a specific vehicle from Chrysler, they will give the buyer a card that will lock in the price of gasoline for $2.99 per gallon for three years. The program ends June 2nd and applies to many popular cars, mini vans and trucks.
The offer is only valid with an 87 octane regular unleaded fuel, E85 fuel or diesel fuel. There is a yearly allocation of gallons given at a discounted price. The total amount of fuel that can be bought at the lock-in price will be computed on the basis of the new vehicle's federal mile per gallon rating and 12,000 miles of driving per year.
The following are the Chrysler vehicles this applies to:
Pick Up Trucks
Dodge Dakota, Dodge Ram, Dodge Ram HD
Mini Vans
Dodge Grand Caravan, Chrysler Town and Country
SUVs
Jeep Patriot, Jeep Compass
Dodge Nitro, Jeep Liberty
Jeep Grand Cherokee, Jeep Commander, Dodge Durango, Chrysler Aspen
Crossover
Dodge Journey
Cars
Dodge Caliber, Chrysler PT Cruiser, Chrysler PT Cruiser Convertible
Dodge Avenger, Chrysler Sebring, Chrysler Sebring Convertible
Dodge Charger, Chrysler 300, Dodge Magnum
There have been fuel incentives in the past. However, this incentive from Chrysler is intended as an unprecedented program according to Chrysler's President Jim Press. Besides this incentive, some models are coming with a $3,000 cash bonus.
It is a possibility we could see a trend starting here as gas prices are continuing to rise over the summer. There really has never been a better time to purchase a car when you factor in that the cost of new cars have been modestly rising due to lack of demand from buyers. Furthermore, auto dealers continue to offer zero interest rates.
Auto dealers have tried to keep inventories lean. Sooner or later, that lean supply with these types of incentives could cause a higher demand from buyers. Whether an incentive like this is cost effective, one would have to factor in their personal driving and if you believe that we will see higher prices to hold steady for the future. You also might want to ask to see the details in writing if this is a deciding factor for you.
Published by Sea Shepherd
Too much to list View profile
- Why We Closed Our EBay Business After Three Years
- Pilots Turning Scarce as Demand Rises
- Pay Pay Pay Vote it AWAY
- How to Pay Your Mortgage Late Without Serious Consequences
- LOST, Three Seasons in Three Posts (Part II)
40 Comments
Post a Commentwow, 2.99 that would be nice. Very informative thankyou
I heard of these sorts of incentives too. But I'd rather not have to buy a new vehicle just so I can get a locked in price for petrol!!
Sophie
Surrrre...we bought a Town & Country in December! Darn! We'd love to pay the low amount for gas as it blasts off the charts! But we were lucky and bought the van from a company/auction that sells to dealers only and special people. :-) lol It's not what you know, it's WHO you know! So I guess in the long run we saved $4-$5,000 on our van. Yay! I cannot believe how much dealers make on vehicles, especially trucks! Thank you for the info!
Very informative :-)
Just a little while ago, I was listening to oil man Boone Pickens being interviewed on CNBC....what he said makes sense..first, he says we are buying oil at $600 billion a year from foreign sources...he said, Bush waited too long to get with the Saudis on this to produce more oil..now there is no shortage of oil..just not having the resources to pump out to keep up with demand..he said..that the way to go is with wind energy and natural gas...if we use wind energy for electric..it would save 20% ..then less natural gas would be needed ..using that natural gas for fuel...reducing then our dependence on foreign oil..this is how we can get it down...but thiis year..he sess $150 per barrel..and this is all be driven by demand, not the $...he says combining wind and natural gas will be the solution..no one in the political arena "gets it"..neither side!..he said these other alternatives solutions like ethanol would just take too long and wouldn't work.
"Americans" still don't get it. Marketing tricks will not "save" the average American family. We, as a Nation, are at the precipice of a free-fall disaster. See "We Were Warned - Out of Gas" at http://www.cnn.com/CNN/Programs/siu/ . This airs on CNN May 17 and May 18, 2008 at 8PM ET. (This is an update of the original which aired in 2007.) A PLACEBO FOR THE SYMPTOM WILL NOT CURE THE DISEASE. We are entering the terminal phase.... M
Excellent article, and a great incentive and you can afford a new car. Have a great weekend. Hugs Mary
Well this might of been a hell of a deal if I wasn't already sitting on a truck note! As mush as we need a larger vechile I am not sure I want to go trade in and have yet a longer note to pay off then the one I have now, and with the way things are I would have to finace it for as long amount of time as they would allot! The vicious cycle never ends, does it?
Your title fueled up my interest... And I wasn't disappointed. As always, great read! :)
I don't know of that would be enough for me to want to buy a chrisyler - you are probably only saving a thousand dollars or so in the long term...you would be better off to buy a hybrid! either way very informative!