<prompt> Human: So Im in the market for a car and Ive started doing research on leasing versus buying used Ive never leased before and Im confused because it doesnt seem like its a clear cut answer and there are a lot of variables and Im not sure how to think about this the right way. Basically I am about to sell my current car for 27k and then use that money towards my next car. So if I buy a used 2018 5 series for 50k for example, I would put 27k down and finance 23k. Or if I lease a brand new 5 series, I would do a 2 year lease probably and put like 4k? down. Here are further details for context: Im 29 years old and living in Los Angeles 700 credit score I dont envision myself driving this car for over 3 years I dont drive that much, less than 10-12k milesyear Any suggestionsadvice? Assistant: What do you make? How much do you have in your savings and IRA?Human: I make 90kyear. Roth IRA: like 10k. Savings: 20kAssistant: Sounds like you need way more in retirement savings unless you have a hefty 401k account. You probably shouldnt be buying a BMW at that salary if youre not above and beyond for savingsretirement.Human: How much am I supposed to have in retirementsavings at 29 living in a very high cost of living city like Los Angeles? I feel like Im doing pretty good and Im starting a side business right now as well  <response>: Yeah, you should absolutely not be getting a new car every 3 years, especially not a luxury car, making 90k in a HCOL area. Your priorities are way out of line if you only have 10k saved toward retirement. I make 55k, my husband makes 50k in an above average COL area, and we each have more than double that in retirement. At 28. 