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Exploit the Glut of Cars for Sale As long as car production is greater than consumption, and big discounts are available for several years to come, just read the market trends and lease it first and ignore all those lease vs. buy programs.In the past, car manufacturers moved cars by subsidizing leases. The monthly lease cost was lowered by increasing the residual value, which lowered the monthly lease payment, thereby selling (leasing) more cars.

Lease Residual Values are Inflated in your Favor But the value of the vehicle at the end of the lease was almost always less than the contracted residual and each of the off-lease cars then had to be sold in the wholesale market at a loss of several thousand dollars.Some of the big backers of lease financing, Chrysler, some New York banks, and others, each lost several hundred million dollars in each of the past two or three years because they had to sell the off-lease cars on the open market for less than the residual value.

Next, you can look at companies who offer favorable lease purchase terms. Many will allow you to lease a car for a time without having to pay it off at all. In this case, you can lease the car and then trade it back in at a later date. You can also choose to buy the car at the end of the lease term date and take it with you. Many consumers choose this option because they can get a new car but not have to pay too much for it.

The easiest way to have a car lease purchase that is short is to pay more up front. For example, if you have a lease that is $30,000 and you need five years to pay it off, then that might be longer than you had wanted. However, if you can have a lease that is three years long because you paid $10,000 up front, then you will be able to benefit from not only a shorter lease, but also lower monthly payments as well.Every one of my friends, and I too, have a cupboard full of clothes we no longer use because we don't like them. And yet, shopping for new clothes always seems like a good idea.

If you wish to learn how to save money, try placing a moratorium on clothing shopping. You don't go out grocery shopping without a list, do you? Clothes are supposed to be utilitarian more or less, and we need to shop for them in just such a way. The clothes we buy for no reason and then discard a couple of years later usually end up clothing millions of people in the Third World though. And seen that way, this may be a good idea after all.