[quote=Allan from Fallbrook]I watch the number of people that pay for groceries with credit cards and locally that number is about 6 out of 10. Not debit cards, credit cards.[/quote]
I pay for everything possible with my credit card, including groceries. I do that because I get a 1% cash back in the form of a Visa Check Card, and actually lose out when I pay cash for anything.
My point: don’t assume that the mere use of a credit card to pay for groceries means that someone is living beyond their means or doing something wrong. In this society people have learned not to use cash because it is less convenient and takes trips to the bank to renew their supply, and simply pay for everything with a credit card.
I realize that there are tons of people who live way beyond their means, many of my wife’s relatives are among them, so please don’t take this is being naive to what’s going on in some people’s lives.
Back on-topic: leasing vehicles is bad for many car companies, and many of them are stuck with tons and tons of lease returns at the end of their lease. GM has lot after lot of lease returns they can’t sell, and don’t want to take any more back. To avoid this it will mean giving no incentives to people wanting to lease, and giving some-to-lots of incentives for people purchasing a car.
Go back to those same lots and see if you can get a deal by telling the salesperson you’re looking to purchase. If they give you a discount if proves the lease discouragement theory. If they act the same it’s because they’re either clueless about the massive drops in Lexus sales, or simply won’t/can’t make a deal to sell one.
