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Oh I'll try!

I think he thinks by buying the car for $1000 it's his, contract fulfilled he paid for it noone can take it away.

Ignoring how titles work and how you wouldn't be able to get ownership transfered to you with the debt on the original vehicle purchase, he seems to think because he is in the clear (because he bought it legally for $1000) his friend won't still be on the hook for the full price of the contract.

So in his Iala land he would still be screwing his gullible friend over.

I think that's what he is saying...

1. Buy a car with a huge car loan
2. Your friend buys the car from you
3. ???
4. Since you're not the owner of the car, the loan magically disappears

Neither did I. My first thought was, "Maybe I'm not as adult as I thought.", but I think this guy is just speaking out of his ass.

Tldr: Derp