*****************UPDATE*********************
Well he just called and here's how it went down on his lunch break.
He told the head sales manager he can't afford it and is bringing it back.
Head manager asks him why, is it the payments, is it the color, blah blah blah.
Neighbor: "Man, I just can't afford this car.
Salesman: Well hold on now, we can work those #'s and get those payments down.
Neighbor: It won't do no good, it was an impulse buy and I don't want the car.
Salesman: Well hold on I'll be right back, let's see what we can do.
Neighbor: I'm on my lunch break man, I don't have time, just bring me my truck.
Salesman: Well you got 10 minutes, that's all the time the paperwork will take.
Neighbor: Man, I don't want this car! I can't afford it! Bring me my !#@$@%@ truck now.
Salesman: Alright Mr. ******.
Needless to say, they were NOT happy, but also needless to say, my friend is super relieved.
Couple reasons I think the dealer is cr*p:
#1 They told my friend to write them a bad check, and they would hold it until he had the money in the bank. That way they could show a nice downpayment to get him financed.
#2 No dealer in their right mind should finance someone at 14% for a $26K car when they make $20K/year.