Fri, May 9, 2008
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Don’t you worry about a thing, darlin’. That gas is capped at 2.99. Image from MShades
I think I’ve been more than a little vocal about the gas price crisis in
This is a bad idea on SO many levels. First, there are the terms of the deal: you have to give up any other rebates, savings, or incentives to qualify for the gas card, which is good for three years. Our friends at Autoblog Green have projected that over three years, with rising gas prices, the average consumer will save 1,200 dollars, not a paltry sum, but not the windfall you would expect if you were giving up all of the incentives, some of which are way more than 1,200 dollars.
On top of that, though, there is the issue of what you do with your subsidized gas guzzler once the three years is up: you’ve been paying 2.99 for gas for three years, and while you didn’t save a lot of money doing it, you saved some, and this is going to be like getting a pay cut when the deal runs out. You’ll be stuck with a low-mileage car, that you likely will have a hard time selling, and definitely won’t want to keep.
Assuming all else is equal: the cost of the vehicle, insurance, miles driven, etc– and by boosting whatever MPG you have by 3, you can save 1,500 dollars over that same three year period. Go on, buy the
Source: [Autoblog] [Autoblog Green]
“The only true currency in this bankrupt world is what you share with someone else.”
May 18th, 2008 at 2:12 am
good post, but . .
why not promote the saturn greenline instead of the toyota – helping the economy you live in?
May 31st, 2008 at 2:51 am
OK the really bad thing that nobody is paying any attention to is that it is 3 years OR up to 12,000 miles, whichever comes first. Who on this green soil of America only drives 4,000 miles per year???? Their “incentive” will be over before it practically starts!
Just buy a smaller, less expensive, used car and save over $10,000!
July 26th, 2008 at 3:48 am
I went to the Chrysler site and the program is up to 12,000 miles PER YEAR for the first three years. It is not for 12,000 miles total. Check the Chrysler.com site and read about it yourself. It could be a good deal.