Quote:
Originally Posted by itsbob  So 12000 miles a year divided by lets say 25MPG = 480 gallons a year.
Gas is at 3.50 for regular
So you save about 50 cents a gallon, for a GRAND total savings of $240 a year.
The extra points of interest they will probably charge you to get the gas card (It will probably be something like, Gas Card and 12% financing OR 8% financing) so in the first year, taking simple interest of 4% on a 30K car = $1200 in extra interext paid in the first year
You've lost $960
And since I won't buy a Dodge until they pay me to drive it, they've just made me $1000 further away from ever driving one. |
Well, that argument only works IF: you based your new purchase solely on the fact that you got a gas card.
If you had already been looking for a new car, and it happened to be a Dodge/Chrysler, you had already committed yourself to the interest and loan. The gas card is an incentive savings.