Discount Gas for Chrysler, Jeep and Dodge Buyers

Buy a new Chrysler, Jeep or Dodge and you get a gas discount card that guarantees you pay just $2.99 a gallon for gas for three years.

A great drives deal? Not so fast.

Downside -- You have to buy your new vehicle by June 2, 2008.

Downside -- To get the $2.99 gas card, you have to give up other dealer incentives, like cash rebates.

Downside -- You have to register for the discount gas program, it takes 4-6 weeks to get the discount gas card, and you can fuel up only at eligible gas stations, and there's an annual limit to how much $2.99 gas you can buy.

What is the fill-up limit? Where are these participating stations? Chrysler isn't saying.

But before you drop everything and fall for the $2.99 deal, sit down and calculate how much money this could save you, and whether you'd be better off negotiating for other new car incentives.

Chrysler is calling its program "Let's Refuel America". These Chrysler, Dodge and Jeep models are eligible for the discount gas program:

Small/Compact Car -- Dodge Caliber, Chrysler PT Cruiser

Mid-size Car -- Dodge Avenger, Chrysler Sebring, Chrysler Sebring Convertible

Large Car -- Dodge Charger, Chrysler 300, Dodge Magnum

Crossover --Dodge Journey

Minivan -- Dodge Grand Caravan, Chrysler Town and Country

Compact and Mid-Size SUV -- Jeep Patriot, Jeep Compass, Dodge Nitro, Jeep Liberty

Large SUV -- Jeep Grand Cherokee, Jeep Commander, Dodge Durango, Chrysler Aspen

Pickup Truck -- Dodge Dakota, Dodge Ram, Dodge Ram HD.

These models are not eligible for the Let's Refuel America program:

All SRT models, Dodge Viper, Dodge Challenger (pictured), Dodge Ram Chassis Cab, Chrysler Crossfire, Jeep Wrangler and Dodge Sprinter.

Who ever thought $2.99 gas would look like a great drives bargain.