By Larry Chiang.
Id tell you to avoid buy-here-pay-here…, but you know already
Let us laugh at people that did not prepare their FICO.
CEO of Duck9, Larry (@6502838008) | |
Auto Lending: Last Week Tonight with John Oliver (HBO). #cs183CarLoans
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Larry Chiang (@LarryChiang) | |
One Kia, eight owners – Documents – LATimes #cs183carLoan documents.latimes.com/one-kia-eight-…
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Larry Chiang (@LarryChiang) | |
Wheel of fortune: A vicious cycle in the used car business – Los Angeles Times #cs183carLoan latimes.com/projects/la-fi…
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Negative equity = upside down = you do not own your car, your car owns you.
It’s like when a Stanford engineering founder takes a mortgage out on their startup (aka a VC investment), and then is given back their stock over a four-year vesting schedule. “Negative equity” sucks.
Larry Chiang (@LarryChiang) | |
One Kia, eight owners – Documents – LATimes #cs183carLoan documents.latimes.com/one-kia-eight-…
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