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http://money.cnn.com/2008/05/06/news/companies/chrysler_jobs.ap/index.htm?cnn=yes

Chrysler also announced an offer that caps the price of gasoline at $2.99 a gallon for three years for people who buy or lease new vehicles from Wednesday through June 2. The offer is based on 12,000 miles of driving per year at the vehicle's rated fuel economy.

Customers will get a card for buying gas that is linked to their own charge account, Chrysler said. The customer will be billed $2.99 a gallon, and Chrysler will pay the rest.
 

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Riiiiiight... actually, this could very well work! I can see oodles of people signing up for 3-year leases on Rams and Durangos and other inefficient vehicles if they're guaranteed 2.99 gas. Still, it's an artifical measure that will backfire in the end, when people either choke when their gas prices suddenly jump to 5 bucks when the card runs out.
 

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A lot of people only keep their new car about 4-5 year...so they would only have to pay full price for 1-2 years. Not bad.

However, if gas is too high, the resale value will be lower when they go to sell it. That would pretty much negate the money saved by the gas cap. A lot of people won't think of that though ao they'll buy an SUV/truck anyway.
 

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Riiiiiight... actually, this could very well work! I can see oodles of people signing up for 3-year leases on Rams and Durangos and other inefficient vehicles if they're guaranteed 2.99 gas. Still, it's an artifical measure that will backfire in the end, when people either choke when their gas prices suddenly jump to 5 bucks when the card runs out.
I don't think the buying public is quite as gullible as you give them credit for ;)

Of course a few might hop into those big rigs.......but there's also the LX Cars, Sebring/Avenger, Challenger, not to mention Jeep......
 

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that's a pretty cool incentive
 

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All Challengers are exempt from the promotion, as are all SRT vehicles. While it may sound like a good deal, it's really not, as it is in lieu of all other rebates/incentives, and there is a yearly cap on the amount of fuel. If your vehicle uses high grade, the cost becomes $3.29/gallon. Then you have to tie it into your credit card. Too much hassle IMO, I'd rather take the rebate up front and buy my own gas at whatever price it's going to be.
 

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Too bad for the people who bought Chryslers based on the savings they hoped they'd reap from the $2.99 per gallon gas promotion.
Yes.

http://www.autoblog.com/2008/11/24/chryslers-2-99-gas-card-promo-pretty-worthless-for-now/

Oh well. Those Chrysler "Let's Refuel America" gas cards undoubtedly sounded good to car buyers over the summer when gas was well over four bucks and it seemed like there was no limit to how high the price could go. Offered in lieu of rebates, the gas cards essentially locked drivers into the then-cheap pump price of $2.99/gallon. Now, several months (and countless hysterical media reports) later, the economy is in the tank and so, as it happens, is the price of gas. In what feels like a time warp, $2-per-gallon gas is suddenly not uncommon. That's great news for drivers in general, but less so for drivers holding the $2.99 gas cards, which don't seem like such a hot deal anymore.
 

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Is there an expiration date?
Yes, apparently.

lol chrysler said:
# For delivery dates prior to July 1, 2008:
The yearly allotment of fuel protected at $2.99 will have the following start and expiration dates:

* 1st year begins upon receipt of fuel card and has an expiration date of 7-31-09
* 2nd year begins on 8-1-09 and has an expiration date of 7-31-10
* 3rd year begins on 8-1-10 and has an expiration date of 7-31-11

# For delivery dates July 1, 2008 through July 31, 2008:
The yearly allotment of fuel protected at $2.99 will have the following start and expiration dates:

* 1st year begins upon receipt of fuel card and has an expiration date of 8-31-09
* 2nd year begins on 9-1-09 and has an expiration date of 8-31-10
* 3rd year begins on 9-1-10 and has an expiration date of 8-31-11
http://www.chrysler.com/en/refuel/
 
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