Chrysler caps gas prices

3756 Views 13 Replies 12 Participants Last post by khooper, Jan 16, 2009

Ach

Discussion Starter · May 6, 2008

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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E. Haskell

· #3 · May 6, 2008

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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