Lee Iacocca on Borrow Money, Pay it Back

Posted by admin on Thursday, October 10, 2013

Lee Iacocca Money Quotation saying suggesting that others don’t repay their debts, Iacocca states the obvious about how to borrow money responsibly. Lee Iacocca said:
 

 

“We at Chrysler borrow money the old-fashioned way. We pay it back” — Lee Iacocca

 

 

In this quote, Lee Iacocca is emphasizing Chrysler’s commitment to fiscal responsibility and integrity. As the company’s CEO in the 1980s, Iacocca oversaw Chrysler borrowing government loans to avoid bankruptcy. His statement conveys assurance that, unlike other businesses, Chrysler intends to honor its debt obligations.

By saying it borrows money “the old-fashioned way” and “pays it back,” Iacocca is appealing to traditional values of self-reliance and accountability.

The quote suggests Iacocca wanted to reassure taxpayers and investors that Chrysler viewed the loans as a temporary lifeline, not a long-term entitlement, and would work diligently to return the funds through economic recovery and success.

Lee Iacocca: Economy over Frugality

Posted by admin on Monday, July 5, 2010

Lee Iacocca money quotation suggests that he believed consumers may be penny wise but pound foolish when it comes to what they want from their cars.
 

 

“People want economy and they will pay any price to get it” — Lee Iacocca

 

 

In this quote, Lee Iacocca is making an observation about consumer behavior and priorities. By saying “People want economy and they will pay any price to get it”, Iacocca is suggesting that saving money and getting good value are highly important goals for many consumers.

Even if a product is expensive, people will purchase it as long as it offers an economic advantage over alternatives in terms of lower overall costs.

Iacocca’s statement implies that consumers are willing to pay higher upfront prices if it means greater cost-effectiveness or savings in the long run.

The quote recognizes that economy and affordability are strong driving forces behind people’s purchasing decisions.

Birthday: October 15, 1924 – Death July 2, 2019