Recent Comments:
Didn't take long: Chrysler's $2.99 gas guarantee draws critics {Autoblog Green}
May 12th 2008 8:31PM Am I the only one who realizes that this ropes the car buyer into getting a Chrysler-finance credit card?
When the heads of the credit card companies addressed a Congressional panel earlier this spring, they claimed that late fees account for the third largest portion of their revenues. This would indicate that a large percentage of these buyers will end up paying late fees on the gas charged to these cards. This is an incredibly creative (and sneaky) way for Chrysler to establish a lucrative new revenue stream.
In addition late payment fees, Chrysler can add surcharges and penalties for improper card use, fuel type, and mileage overages.
It almost seems predatory. I predict Chrysler will make money with this gimmick - the sin of it all is that it will have nothing to do with looking after people -or- the environment.
