We've all seen the ads, “$2.99 a gallon for gas when you buy a new vehicle”, but how good of a deal are you really getting?

The deal states, “Just $2.99. That's how much you'll pay for gas for the next 12,000 miles you drive each year for the next three.”

With gas prices as high as they've been and expected to climb higher, $2.99 can sound pretty enticing.

But does that offer go the distance?

Augusta State University Economics professor Mark Thompson says it averages out to...

"Really only about $600 on a vehicle that gets 20 miles to the gallon,” said Thompson.

Sales Manager for Thomson Chrysler Dodge Jeep, Donnie May, says the $2.99 gas deal has received a lot of attention, but little use.

“A lot of people have actually wanted to take advantage of it,” said May.
“But when the numbers come down to it, a lot of people tend to go with the rebates because the incentives deals (give you a cheaper overall vehicle cost most of the time),”

“Obviously there’s a lot of psychology (involved). Consumers go to the gas station, they see the $2.99. So they're very much aware of the prices,” said Thompson.

Most auto dealerships offer rebates instead of the gas break deals, rebates of up to $6,000 that often make the choice between the two easy.

So if you're in the market to be buying a new vehicle anytime soon, you might want to fill up your pockets with rebates instead of discounted gas.

The gas breaks Chrysler is offering will be coming to a close at the end of the month.