At least for one year, new Hyundai car owners can worry less about the fluctuating prices of fuel thanks to this partnership between Hyundai and Pricelock. Pricelock and Hyundai have joined together to implement a new program which will lock the price of fuel to $1.49 per gallon for a year on select new car models under the Hyundai brand.
This event promises to help spur car sales in the midst of a faltering market that is being affected by the governing fuel prices which have made motorists ponder about alternatives (such as hybrids and electric cars). But with a year of no worries in price fuel, the program may just work. Also, who knows what would happen after a year’s time on the fuel issues plaguing the world today?
For the Hyundai program, Pricelock will issue car buyers fuel cards, similar to credit cards, which drivers will use to purchase gasoline at any of the 165,000 participating gas stations, approximately 93% of all service stations in the U.S. Using the Pricelock card, the car buyer will be charged $1.49 per gallon for fuel, regardless of the price on the pump. Of course, if the pump price is below $1.49 per gallon, the cardholder will not use the fuel card, but instead will pay the lower pump price using cash or a credit or debit card and still be able to participate in the upside.
(Source) Press
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