Reply to What are people doing to save money in this insane economy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is so insane about the economy?

Spouse & I are both working & not making very much. We are barely middle-middle class by most standards. One kid is military officer & other is a CPA.

We have all traveled all over the US, along with a lot of foreign trips. The 4 of us have no mortgages, no car loans, & no credit card debt. The 4 of us managed to get 11 college degrees without any college loans.

Kids went to public schools k-12. We haven’t bought any used cars (some new, [b]quite a few leased, which has allowed us to avoid large auto repair bills)[/b]. We paid off our modest new-construction suburban house in 9 years.

Bottom line: minimize your debt.[/quote]

You are not coming out ahead with leasing vehicles because it "allowed [you] to avoid large auto repair bills." You are not saving money leasing cars. At all.  [/quote]

Oh yes I am. I bought a Toyota & put nearly 200,000 miles in it. Even with that super-reliable car I had significant repair expenses, plus once I was past 100,000 miles I didn’t trust it for longer trips.

The key to making a lease affordable is to get a salesman who will bend over backwards for you. My guy gets me every conceivable discount & rebate, even ones I don’t actually qualify for, like being an employee of the manufacturer. They can do all sorts of things IF THEY WANT TO. And since I’ve leased so many cars from him over the years, he really wants to keep my business. [/quote]

This is what lease people tell themselves but it’s not true. [/quote]

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