In regards to cars and mortgages
When I was at the dealership, the senior mechanics . . . such as I was, at the time . . . qualified for killer deals on leasing Mercedes E-class cars. Basically, the manufacturer was kicking in a sizable chunk of money, and the mechanics could have been leasing such a car for chump change, far cheaper than anybody not affiliated with the dealer or manufacturer
We were HEAVILY advised to go that route. I told the big shots straight to their faces, that they can count me out. First of all, I knew I couldn't afford the insurance, registration, and fuel for such a vehicle. Never mind I lived far from work, and couldn't have come in under the yearly mileage allowance. Basically, if the car were free, I couldn't afford those costs I mentioned. They were not amused that I wasn't being a team player
Several of the mechanics actually did go for those deals. And several of the younger mechanics, who did not yet qualify for such a deal, were rather upset with me. They would have loved to get in on the deal, and were shocked that I wanted no part of it.
Sorry, but that was just too much pressure for a deal which would have been nothing but trouble for me
Now to the mortgages . . .
Several of the mechanics bought their houses, based on the assumption that they would consistently flag x number of hours each paycheck. But that number was really high. Factor in a few slow days, low paying warranty jobs, etc., and you risk not being able to make the mortgage payments. They did this BEFORE the recession of a few years ago. Needless to say, some of these guys lived to regret their greedy decisions
Me, I bought a pretty small and reasonably priced house, with a mortgage I could comfortably afford on my at the time lousy paychecks.
My service advisor sat down and talked with me. He asked me why I'm buying such a small house. I said that's all I'm comfortable doing, given my financial situation. He said I should be like him. I'm not 100% clear on the details, but I know he took out 2 mortgages to get him into his house.
His greed also clouded his judgement, and he allowed himself to fall prey to some scams, to the tune of tens of thousands of dollars. We even met the scammer early on. We told the service advisor, we had a bad feeling, and he should let this "opportunity" pass. He didn't and the scammer disappeared, along with the money.
Oh yeah, my service advisor was also leasing a mercedes E-class, because he wanted to appear successful
He had a early model Toyota Tundra, which he kept in immaculate condition, both cosmetically and mechanically. But I suppose that didn't send the right image to customers . . . ?