If you're a longtime listener, you know that Clark has frequently bashed vehicle leasing. He's called it a recipe for financial disaster, and he's said it's only good if you like new wheels every few years or have a special factory-subsidized lease.

Well, the penny-pinching guru now has egg on his face.

Earlier this decade, automakers were really pushing leases on SUVs. The monthly payments were calculated based on what the automakers thought the vehicles would be worth 3, 4 or 5 years later.

But now that gas is so expensive, no one wants SUVs and their value has dropped severely. So the value of a typical SUV may be down $10,000 when you turn it in. Automakers are suffering billions in losses as a result. Chrysler has stopped all leasing completely, and both GM and Ford are seriously cutting back.

So if you ignored Clark's longstanding advice and leased an SUV, you look awfully smart right now. But this was an unusual circumstance. The reality is that domestic automakers can't afford the costs of leasing. The luxury European brands will still do them. But the real bargains in luxury cars are always used.

If you have need for an SUV -- because of your business or family life -- this is the best time to buy a used one. Zig when others zag.

Meanwhile, the best deals on fuel-efficient car are Korean -- Kia and Hyundai. But beware that neither really holds its value when it comes to resale.