In all my years, I have never seen a bank worry about the risk of a car loan as long as the car is within KBB or NADA values. Without knowing your friends credit history, credit rating, and current debt/income ratio, we really can't determine where the risk is for the bank or why they came back so low.
I just know I have never had a bank or credit union come back with a lower loan amount than I was asking for and this was always for full purchase price, new and used.
Steve might have a point that they looked at the wrong model.
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Greg
2013 Camaro ZL1
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