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Chrysler is capping the gas price to $2.99

http://www.cnbc.com/id/24478397

It won't save you a whole lot of money, but it certainly make you feel better everytime you pump gas to your car.

Who knows, by the end of this year a gallon of gas may cost $5!

What a ****ing joke. Sorry Detroit, pay the price for being stupid, you can pay now, or pay later, but you're going to pay.

If you were to say buy a Civic or Prius or something, at the end of a year there would be some depreciation but those cars tend to say remarkably high. If I buy some hemi powered pig, I can toast the Civic or prius from a stop light but have the value of my car drop like a stone. Close to one third the value after the first year.

Sure I might save a few hundred from what I would have paid to fill the dodge, but about the same I would spend to fill the prius or civic, AND lose an extra few grand in depreciation. And then spend that money "saved" on gas to do tire smoking runs to the dealer for warranty work.

Its a good idea, since market research shows gas prices are a drag on Chrysler sales. Lock in a reasonable price for gas for three years and the cost of gas is not a limiting factor for those thinking of buying a Chrysler.

Buyers can also opt for the money up front as a discount, so its like a prorated rebate.

Quote:

Originally Posted by TommyDeVito,May 6 2008, 10:51 AM

What a ****ing joke. Sorry Detroit, pay the price for being stupid, you can pay now, or pay later, but you're going to pay.

This makes no sense - care to elaborate?

^ pretty sure he's referring to the fact that you can either pay more for the car (lose some front-end incentive) and save on gas, or pay full price for gas and get more upfront incentive. It's just a gimmick; like most things like this are.

Quote:

In the heavily discounted truck segment, buyers will have the option of taking a $5,500 rebate on the Dodge Ram or a reduced $3,000 rebate plus the fuel-price guarantee.

Based on the current national average of $3.61 per gallon for regular unleaded as tracked by AAA, the incentive would be worth about $1,300 for the pickup truck and about $800 on the smaller hatchback.

Chrysler, now owned by Cerberus Capital Management, said it would hedge its financial exposure to rising gas prices as a result of the incentive offer.

That says it all... Chrysler is betting on the average American having the mental capacity of a Mayfly. Based upon comments by the general public and what is being propagated by the media I have no doubt it will succeed. Then again the media tends to live in its own world for the mentally diminished. Up until the advent of reality TV they even held the crown of stupid, narrowly beating out the day time soaps. Just pick up just about any article and your eyes will be assaulted by something like this.

[QUOTE]Get the idea? Gas prices used to be a consideration in car purchasing. Then they became a decisive factor. Now they are the decisive factor. Given that gas guzzlers have become pass