Arthur the following may help! Going guarrantee for a car loan .........often results in pain with a default on the loan! Let him take out a loan with a finance company higher interest but your friend can pay out the loan sooner than the contract date and he will be entitled to a refund on the balance of interest due! So the interest he finally pays will depend on his commitment to paying off the loan.If he does a good job he will earn a credit rating for himself for future loans so you will really be doing him a favour in the long term! regards rcj
