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Chrysler’s 2.99 Gas Deal is No Deal

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Simply put, you get a special credit card when you buy a new Dodge (not every new Dodge, but most). You can use this credit card to buy fuel for $2.99 a gallon at any service station for three years following your date of purchase, regardless of the actual market price. Sounds great right?

Well it's not. Check out this article explaining why it's actually WORSE to take advantage of this deal than to buy a car normally.

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9 Comments to “Chrysler’s 2.99 Gas Deal is No Deal”

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Fact finder says:

You do not seem to know all the FACTS, before you can say what you have you should know what you are talking about.

So you say and yet you offer no facts or resources that refute the claim made by the article I point to.

Well it’s Memorial Day weekend and 87 octane gas is at $4 at gallon. I just bought a Caliber and the reason is for the card. Unfortunately the Caliber is the most fuel economical vehicle offered with 27 mpg highway, but thats why we bought it. I use to have a Nissan Murano, 24 mpg highway, and it was very hard to trade down but necessary for me. But with a lifetime powertrain warranty, plus we opted for a 60 month 60k bumper to bumper extended warranty. I also have a F250 Deisel and at $4.65 a gallon, its just sitting. I am sorry to say, my personal belief, $4 a gallon for regular is not the high point of fuel costs, not with predictions of $200 a barrel for oil being forcasted. I am just thinking that we made a fairly acceptable bet on the card, even if the relief is temporary. I am sorry tho that one has to use a Ram 1500 as an example of this gas plan. Trucks, Suvs, and Hemis….I dont believe qualify as economical. If you continue, remember I have a F250 so I am guilty too, to drive these gas/deisel guzzlers you are goin to have to pay.

In the article, they’re estimating near $4 gallon prices and considering that it’s already there, they may have been dead wrong. Still, if your other option was a cash rebate, they still have a point that the money over time in your hands instead of theirs would be worth something. I’m also curious what the logistics are for this card. Do you just put it in at any pump or do you have to go to a certain gas station?

There are probably other gotchas involved and you’d have to study it and do the math before you go buying a brand new car for it. Either way, I think you’d have to be nuts to buy a brand new car anyway. You’ll save way more than the gas card is worth to just buy one that’s a few years old.

This sort of deal really infuriates me. Gas is a commodity, and commodity prices are driven by simple supply and demand economics. The reason why gas prices are so high in the first place is that demand is outstripping supply. So long as this is the case, gas prices will continue to rise.

So why, then, is Chrysler incentivizing consumers to drive MORE? This is the most idiotic solution to the energy crisis I have ever heard. Chrysler (and the rest of Detroit) should do what the Japanese are doing – make cars with better fuel economy.

I hope that people flock to this deal and buy cars with crappy fuel economy. This will drive the price of gas up to levels that will cripple Chrysler, force it into bankruptcy, and thus discontinue this ridiculous program. Then all of the idiots who jumped on this deal will be stuck with cars and trucks that are inefficient at a time when gas is 5-6 bucks a gallon. It’ll serve as a wake up call to all of the people who think that the high price of gas is someone else’s fault.

Seriously, there is only one solution here. Drive more efficient vehicles, and drive less. Only then will the price of gas come down.

Jim, there’s only one flaw in your argument: Chrysler doesn’t give a rat’s butt about the gas crisis, they only want to sell more Chryslers.

Though actually, since the 2.99 gas is only for the first 30k miles, maybe it would encourage people to drive less to stay under that limit. But either way, your point is totally valid. I myself have frequently wondered why, if computer, cameras, music players, and just about everything else has advanced so much, are cars still sitting at a pathetic 20ish mpg?

CarlsonGuitarMan says:

DEAL OR NO DEAL???!?!?!?!?
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as good as it sounds, it actually costs more to buy a dodge or chrysler compared to a scion, toyota, etc. Well, what about the cost of gas, won’t that make up for it? hardly…. Here is how I see the “deal” (aka rip-off) in a nutshell;
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You get a CREDIT CARD (what is the APR you ask?) that gives you gas at 2.99 a gallon for the FIRST 12,000 miles each year for 3 years. A perk for CHRYSLER AND DODGE is they can get additional income with finance charges, late fees, etc. if you carry a balance from purchases… And what if you go over your 12,000 mile limit? REGULAR PRICE. Plus this offer is for only 3 years… Ok, let’s compare the caliber (no- wait, it gets 27 mpg, lets go with the dodge avenger since it gets 11% better mpg at 30 hwy)
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Ok, buying a car is has it’s constants. They need gas and oil changes, sometimes tires, etc. BUT WHAT ABOUT RESALE VALUE? What kind of hit are you going to take on a dodge 3 years down the road? What cars have the best resale values? Let’s look at a TOYOTA COROLLA OR SCION XD… Both have good resale values and will cost you $15,000 or 16,000 with plenty of options brand new. You will also get 30+ MPG in both. If you compare it to a dodge caliber 27mpg or avenger at 30 mpg but both are still more expensive than the scion or toyota when you include power options, etc. and lets just say you end up driving either one for 12,000 miles on hwy. (the spread is worst for the dodge via city, so i gave a benefit for the doubt with highway driving) so in one year you would spend…
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$-dodge avenger at 30 mpg x 2.99/gal = 1,196 in fuel each year for 3 yrs.
$-toyota corolla at 35 mpg x 4.00/gal = 1,371 in fuel each year
$-scion xd at 33 mpg x 4.00/gal = 1,455 in fuel each year
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ok, so let’s just say gas goes up to $5 a gallon in a year… you are looking at $518 more for the corolla at the $5 a gallon instead of $2.99 a gallon with the dodge… but the overall cost is still MORE for the dodge!!! OUT OF POCKET YOU ARE LOOKING AT $5,400 MORE FOR THE DODGE AFTER 3 years with “discounted” gas. If prices go back down, you won’t get much out of the deal anyway…

so within the 1st year you would spend OVERALL $6,825 more on the dodge avenger at $2.99 a gallon compared to the toyota at $4 a gallon….
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THE ONLY WAY THIS WOULD PAN OUT IS IF GAS WHERE TO HIT OVER $10 A GALLON, and at that point you would BREAK EVEN BETWEEN A DODGE AVENGER AND THE TOYOTA COROLLA!!!!!! At which point most everyone would be selling their cars, and as you might know PLUG IN Hybrids and ELECTRIC CARS should be released in the next 3 years making 2.99 a gallon at 30 mpg (or in other words 10 cents a mile) really expensive compared to electricity at 8 cents a kilowatt working out to roughly 2 to 4 cents per mile…
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So I would suggest buying a dodge or chrysler ONLY if you really want that car. DO NOT BUY IT BASED ON 2.99 gas…. if you are rolling in style but only getting 22 MPG highway in a dodge charger, you will be paying a LOT more for gas, AND whole lot more for the car!!! Do the math, and compare the overall cost of the car to other cars. I think you will find that 2.99 a gallon for only certain models that are more expensive and LESS efficient then competitors is a NO DEAL… why gamble on future gas prices, why not spend your money on a car that will make a socially and environmentally positive impact…. seems like a MORE EFFICIENT car is not only financially smart, but also the HEALTHY and “greener” choice…
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regardless of the PRICE, we need to cut off our ADDICTION to oil. Oil is like a dirty habit, lets compare it to smoking… It makes a bunch of crooks rich (both industry AND politicians) and it ruins people’s health. POLLUTION is so bad around I-5 that many people around there have developed lung problems…. LET’S START USING ELECTRIC CARS, we have the capabilities for WIND AND SOLAR power which is CLEAN AND CHEAP! Not only that, but we would be pumping our cash into our LOCAL economies, rather than a dirty terrorist harboring country. When persian muslims chant DEATH TO AMERICA after prayer EVERY DAY, and IRAN suppliers terrorists with bombs and other munitions, it makes me not want to send my cash over to their neck of the woods…. Not to mention all the GENOCIDE and other crimes going in SUDAN, NIGERIA, etc…. WHY SHOULD WE BE SENDING OUR MONEY TO THOSE REGIONS, when we have a economy that is faltering right now?? THIS DOES NOT MAKE SENSE, YOU KNOW WHAT I MEAN?!?!?! Let’s support our local economies and stop wasting money on foreign oil. WE NEED TO INVEST IN SOLAR, WIND, NATURAL GAS, etc. and use these energies to power our cars!!!
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With plug in hybrids like the PRIUS, CHEVY VOLT, etc. we could do 95% of our driving with ELECTRICITY (NO GAS) and spend 70% less getting around town. Please write, call, and visit car dealers and manufacturers and DEMAND ELECTRIC CARS and PLUG IN HYBRIDS! Write or call your senator, governor, representatives, etc. ZERO EMISSIONS, LOCAL FINANCIAL STIMULUS, MORE EFFICIENT AND AFFORDABLE, what is NOT to like!?!?!

Wow guitarman. No one can accuse you of not being passionate 😀

Thanks for the info!

I noticed that there are no posting now that gas is under $2.99. What are these people doing with there cards? Can they hold on to them for later use?

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