Do you know how much deposit he had?
I was 21 when I got my car too, but I went for the cheaper car, $31K with $6K deposit (2yo AU Fairmont, bodykit, wheels, 40K km blah blah) pay roughly the same as your mate is per week ($600 a month - Ford Credit), but then after 5 years, I will own it without this residual bullshit (what is it these days, 30-40%?) Depends if you know you're gonna keep it and pay it off at the end or upgrade, which in that case, you'll be spending $600 on a car every month until you decide to pay one off, hehe, or that's how I see it anyway. Looking back, sometimes I wish I didn't spend that much on a car, so think about it (and don't take any family along!!!).
"If this were a dictatorship, it would be a heck of a lot easier -- just so long as I'm the dictator." -- George W. Bush (December 18, 2000)