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What are some things you can/should cheap out on?
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Ex lease laptops and monitors are also often very good deals!
The monitors often come with very well adjustable stands that are much more ergonomic. The laptops are often very high build quality and perfect for regular home office use.
I don't think that off-ease laptops are very good as they are sold. The batteries are often on their way out and so that's an additional expense (and some, like Macs, are very expensive to replace).
There are some incredible deals on off-lease desktops, though. Most modern computers are way overpowered for what the average user needs. You can get a perfectly serviceable machine for doing email, serving the web, and office work, for $100 or less. Just don't expect to play any games released within the last five or more years.