While I certainly agree with most of the sentiments shared, let me play devils advocate.
1) Nobody NEEDS a Hummer with 3 TVs...but he may want one.
2) Would it have been better if he would have waited until after the draft to get his ride...sure, but there is nothing wrong with not waiting since it is a free country.
3) Is there any indication that this was a gift?
4) If there is no evidence this was a gift, is there any indication that his mother received special consideration when applying for the loan? If she obtained the same financing anyone off the street could have obtained, then there is no problem.
Lets face it, considering the money this kid is probably going to receive what bank would not want to try to develop a relationship? Everyone needs to make sure that a rule was broken before we pile on someone...wouldn't we look a little stupid if there is nothing inappropriate here (from a rules standpoint)? At times, I really don't need any help looking stupid.