Subscribe NOW

Enter your email address:

Text Message our CEO:


or on twitter

Free Resources

Click Here to learn more

In The Media

FICO Score of a Under 21 Year Old Versus Car Dealership Profit

by Larry Chiang on December 16, 2015

Larry Chiang encourages CS majors to cram MBA knowledge into their brain before the “2+2” uber early admit, MBA program at GSB-HBS. Why should you trust a New York Times best selling author who moonlights as a New York Fashion Week supermodel? See the #CSmajorCRO skills. For example, months-and-months of pre launch promotions paid off on 09-09-09. What They Don’t Teach You At Stanford Business School hit as a sequel to, “What They Don’t Teach You at Harvard Business School“. Stanford Engineering liked it enough to bring the street smart concept into the fold at #ENGR145. Startup your CS major “Chief Revenue Officer” skills inside any Computer Science department.

New York Fashion Week will be Sept 9-19, 2016.
— Larry Chiang
CEO, Duck9

By Larry Chiang

If you’re under 24 years old and in need of a car, your bad FICO score will cost you a ton of money. Having a lower than 750 FICO score will
– cost you a ton of money on interest
– raise your car payment

– allow the car dealer selling you a car to make a ton of money. See the cautionary tale of Joe Bayen. He paid $330 a month for an Escort. 

Larry Chiang (@LarryChiang)
at the negotiation table $330 per month Re; ford escort ZX2 that I could not afford #cs183usedCar #CS183creditScore…

Download the Twitter app to your iPhone to see 
Joe Bayen‘s turnaround. 

Michael Jones (@mjones)
“From Bad Credit Score to Millionaire: How My Journey is Helping Students and Millennials.” by @JoeBayen…



Larry Chiang (@LarryChiang)
The car dealership makes $200 over invoice, $450 on dealer holdback and $2k on the paper :-)) #FirstTimeBuyer #cs183UsedCar

Your first car loan could wreck your FICO score and put yourself in an immediate financial ditch. For example, paying payment number #27 of 48, Joe Bayen probably wanted to just default on the $330/month payment. It’s because his Escort was worth a fraction of what he owed. 

Download the Twitter app to dig deeper into
My first two cars were purchased private party at thousand and thousands under “blue book value”. See the duck9 blog on how I bought two cars way under market value.
– called to find wealthy owners selling FSBO
– focus’d on wealthy owners who were selling well taken care of cars.
– wealthy millionaires don’t all drive luxury vehicles. In fact, many don’t. That’s why we are rich.
– tracked calls and leads in a binder. Thing CRM but on paper.
– organized financing BEFORE by preparing my FICO (like I prepared to win the SAT’s. I am Asian after all:-)
– ran CarFax on VIN’s.
– asked for maintenance records.
– told buyers about my financial worthiness via eBay credibility. Today, I’d add Airbnb to my purchase track. On eBay, I’m 38 for 38
I test drive pretty well over the telephone and over the Internet. It makes me bangable.
On Airbnb, I’m
– stuck to the interrogation script because I was ‘buying’ the owner of the used car first and the used car he was selling, SECOND.
– stayed away from Curbstoners
– stayed far away from dealerships.

Leave a Comment

Previous post:

Next post: