Some friends have recently lost a car and need to replace it urgently but don't have the funds to do it themselves.
I have always been open with my finances and encouraging others to save instead of taking out a loans for things but their current situation means they will either have to try and borrow from a bank at a high interest rate or I can offer them something better
I've known them both for a while now and trust them with money although I just wanted to know what OzBarganers thought of the situation?
Better that they just get a car loan with the bank.
It could all work out fine or could end up ruining a friendship. That little bit they save by you loaning it to them isn't worth it.