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Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.
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Yonah
Alexis, This is all well and good, and clever marketing too. This might cost Chrysler $1000/per year/ per car, and that is a lot better for Chrysler and its dealers than having cars sit in dealer lots. However, what if Gas goes up to $6/gal in the next 2 years? That can add up to a lot of extra costs for Chrysler, and what happens if the company goes under?
chuck
I just read in Yahoo finance off the Drudge Report that Goldman Sachs has now rocked the market with thier prediction of $200 a barrel oil. The markets are rocking to this news and it this may not bode well on Mainstreet at all. Now here in Vicksburg ms the gas prices haven't risen at at all to 3.60. They're remain consisant from 3.49 to 3.53. In fact the prices drop a few cents over the weekend.
d.loch
Lets be honest here and see the whole picture. As an example Its an either or situation. As in a rebate or the gas credit card. With a pre-determined amound spread over the next 3 years, with a limit per year. Use it or lose it. Come on Chrysler show us some real customr concern. How about a rebate of $1500.00 and A gas Card of even $1000.00 would make me consider a Chrysler over some other car. I give this 30 days to show you that you are missing the point. Get your VP's out of their plush offices and not on Phones, but at the dealerships and see what the customers really want.
stephenlee
If chrysler goes bankrupt, will the 2.99 gas be guaranteed or not? Present CEO did poorly at Home Depot, so how can we expect him to do any good at Chrysler. Better to drive the car you want that will give you a good MPG than achrysler car that nobody seems to want! Steve
d.loch
Go figure: Lets say take the Gas Card and run with it. Give up the 1500 rebate. Now if you finance, and even at 60 months for lets say 6.9% you will pay an additional about $300 in interest that you would not have paid had you used that as a down. Ok so now lets take that $300 off that gas savings... Sorry Chrysler it still does not hook me.
Chrissy
So what about people who already own a Chrysler/Dodge vehicle? This offer should extend to people who already have a car through Chrysler and are eligible for this credit card. Or is it just for new purchases/leases?
CCJENS
It sounds to me like a great deal for Visa and Mastercard since the consumer will be using their credit card to put gas in the consumers car. Now, I'm no economics professor, but in my limited knowledge of people's spending habits, I can envision people leaving a rolling balance on their credit card from putting gas in their car, and thus getting charged interest on this gas. Maybe I should think less about investing in oil futures, and think more about Visa and Mastercard as an investment.
Steve
d.loch, You are assuming that you have to finance through Chrysler. Also you don't lose the rebate, for example if you were to buy a dodge charger you get 2,000 gallons of gas spread out over 3 years (about 667 gallons per year) and an additional $1000 rebate and in certain areas of the country an additional $500 rebate.