I can't answer the question for you but I can tell you what I would do.
If I was in that situation I would sit down with my friend over a coffee or meal and talk about the vehicle. Firstly let him know that I am also interested in it and try to figure out who needs it more. I'd also keep in mind that although you or he may need it more, it will sadden the other more should one of you purchase it. Sometimes, even though we may need something regardless of how much, it will not affect us as much if we do not get it. However to certain people, even if they do not need something as much, it can have a huge effect on them if they do not get it.
Personally, I have very few friends and make more friends rarely. By this, I make sure that my friends are as real a friend as I can possibly have. I can discuss anything with them and we never argue or feel ill about each other. A disagreement may lead to a happy debate but we will come to a solution even if we must agree to disagree. At the end of the day, there are plenty of cars to be bought, yet good friends rarely come by.
It is somewhat like when two friends are both attracted to the same girl. Who exactly is worth her affection more? Does one love more than the other? Does one hurt more than the other? In this case, good friends will both stay away as it will affect both regardless of the victor. The case with a car is different, but at the end of the day, if no solution can be found, leave it and wait for another to come along. As much of a sacrifice as it may be, you may just thank yourself for it in the future.
Just my opinion anyway. The hard part is up to you!
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