I know this has been asked here several times, but I'm hoping my situation will be different...
I'm currently driving an '05 Infiniti G35x and I was thinking of getting rid of it (selling it to my mother) in the fall and picking up an 07+ Chevy Tahoe.
My reasoning for this is because in the next few years, I'll be popping the question and hopefully having some kids. My original train of thought was that if I get the truck out of the way with, it's one less expense to manage once we are married and have kids.
My friend who works at a bank was telling me that it's a bad idea and that I should just drive the G35 into the ground, because with a $20k car loan, I would be unable to get a mortgage for anything over $360k.
In the next few years, I will be planning to buy a house with the wife, and we both make pretty decent coin (she's a business manager at a BMW dealer, and I'm an underwriter for an insurance company), so I figure we should be alright.