1. The banks are unlikely to want to help your freind out here. Some of the Credit Unions (such as United Credit)tend to be not so black and white on their loan decisions and look at individaul cases.
2. The card yards finance should still be able to obtain for about 1% to 2% above a personal loan
3. Failing that there are a couple of finance brokers in Vic Park who deal specificaly deal in car financing and situations like the one this guy is in. The rates these guy's get are sometimes cheaper than the car yards but they charge about a $500 up front fee.
A slightly higher interest rate and maybe a set up fee maybe the price this guy will need to pay until he builds up some assets and a credit rating.
