<prompt> Human: Long time reader first time poster. Ive been trying to make financially sound decisions to date but want to buy a sports car I will enjoy. Im planning on trading in my car that I own valued at 10k and signing a 3 year lease at 700 a month for a total outlay of 25k. After that time I would either downgrade my car or if my financial situation has further improved, buy the car out of the lease, upgrade, etc.What am i giving up if I go ahead with this plan?Im 31110K annual salary1200 rentSaving about 1000 a monthI dont plan on retireing particularly early20k emergency fund70k 401k maxxed as of this year100k in a vanguard account earmarked for a home purchase in a few years50k non tax advantageed vanguard account for extra retirement 70k stocks25k set aside for the car  <response>: This is worse than buying a 30k vehicle.. normally when you buy a 30k car and spend 3 years with it, you can sell it for 15k. Here, youll be losing all 30k of it after 3 years, although you can afford the loss, its not the smartest decision. 