High fuel costs have driven home some of the realities of oil dependency, and raised awareness of Global warming. Smaller high mileage,hybrid and fuel efficient cars sales have risen.The magic of the market place may offer a solution to this or at least mitigate the growing awareness .Another fuel related holiday of sorts while at the same time clearing the new car lots of all the future dinosaurs. Although this plan as I understand it covers all models except the Viper and other zoom zoom cars .
Some analysts say it offers about the same or less money out for Chrysler as some of their cash incentive plans.It is this kind of thing that continues to mask the problem and put the solutions off for another day .But it will move those vehicles off the lots perhaps .
DETROIT – Chrysler LLC announced a new incentive program this week that will allow customers to lock in the price of gasoline at $2.99 a gallon for three years when purchasing most of the automaker’s new vehicles.
The automaker and its truck-heavy lineup have been hit hard as the price of gasoline has skyrocketed and buyers have shifted away from trucks to more fuel-efficient cars.
Chrysler executives say the new program is aimed at giving customers greater peace of mind regarding the volatility of gas prices – a major issue customers are bringing up to dealers across the country.
It includes most of the automaker’s vehicles, including its minivans, Dodge Ram pickup and Jeep Grand Cherokee SUV……………………
Under Chrysler’s plan, the guaranteed price covers an annual allotment of gallons based on 12,000 miles divided by the average mileage per gallon of the purchased vehicle.
..At $2.99 a gallon, drivers of the two-wheel-drive Dodge Ram 1500 pickup, which gets a combined 16 miles per gallon, according to U.S. Environmental Protection Agency estimates, could see a savings of $465 over 12,000 miles, based on the current average cost of gasoline.As the price of gasoline increases, so do the savings.
From the Times Argus
Take average MPG of any vehicle, divide into 12,000 miles and you get an annual allocation of gallons of fuel, for each of three years. For Example: Dodge Caliber, 24 MPG average. The customer’s card is allocated 500 gallons of unleaded fuel for each of three years. Total value is 1,500 gallons of gas x (price of gas – $2.99).
from http://www.silobreaker.com/Doc…