{"id":6667,"date":"2015-12-16T13:36:43","date_gmt":"2015-12-16T17:36:43","guid":{"rendered":"https:\/\/www.duck9.com\/?p=6667"},"modified":"2015-12-16T22:44:11","modified_gmt":"2015-12-17T02:44:11","slug":"fico-score-of-a-under-21-year-old-versus-car-dealership-profit-4","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/fico-score-of-a-under-21-year-old-versus-car-dealership-profit-4\/","title":{"rendered":"FICO Score of a Under 21 Year Old Versus Car Dealership Profit"},"content":{"rendered":"<p><strong>Larry Chiang encourages CS majors to cram MBA knowledge into their brain before the &#8220;2+2&#8221; 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 <a href=\"https:\/\/twitter.com\/hashtag\/csmajorCRO?src=hash\" target=\"_blank\">#CSmajorCRO<\/a> skills. For example,<a href=\"https:\/\/gigaom.com\/2008\/01\/17\/9-things-stanford-b-school-wont-teach-you\/\" target=\"_blank\"> months-and-months<\/a> of pre launch promotions paid off on 09-09-09. <a href=\"https:\/\/www.amazon.com\/What-Teach-Stanford-Business-School\/dp\/0615301487\/\" target=\"_blank\">What They Don&#8217;t Teach You At Stanford Business School<\/a> hit as a sequel to, \u201c<a href=\"https:\/\/www.amazon.com\/What-Teach-Harvard-Business-School\/dp\/0553345834\" target=\"_blank\">What They Don\u2019t Teach You at Harvard Business School<\/a>&#8220;. Stanford Engineering liked it enough to bring the street smart concept into the fold at <a href=\"https:\/\/twitter.com\/hashtag\/ENGR145?src=hash\" target=\"_blank\">#ENGR145<\/a>. Startup your CS major &#8220;Chief Revenue Officer&#8221; skills inside any Computer Science department.<br \/>\n<\/strong><\/p>\n<table style=\"height: 155px;\" width=\"156\" cellpadding=\"10\" align=\"left\">\n<tbody>\n<tr>\n<td width=\"100\"><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"https:\/\/www.youtube.com\/embed\/QXIaNZi3mHQ?version=3&amp;rel=1&amp;fs=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;wmode=transparent\" width=\"260\" height=\"183\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><br \/>\nNew York Fashion Week will be Sept 9-19, 2016.<br \/>\n&#8212; Larry Chiang<br \/>\nCEO, Duck9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>By Larry Chiang<\/p>\n<div>\n<div>\n<div>\n<div><\/div>\n<div>If you&#8217;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<\/div>\n<div>&#8211; cost you a ton of money on interest<\/div>\n<div>&#8211; raise your car payment<\/div>\n<div>\n<p>&#8211; allow the car dealer selling you a car to make a ton of money. See the cautionary tale of\u00a0<span style=\"background-color: rgba(255, 255, 255, 0); color: #000000;\"><a style=\"background-color: rgba(255, 255, 255, 0);\" href=\"https:\/\/twitter.com\/JoeBayen\">Joe Bayen<\/a>. He paid $330 a month for an Escort.\u00a0<\/span><\/p>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" style=\"width: 48px; height: 48px; padding-right: 8px;\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" alt=\"\" \/><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a style=\"background-color: rgba(255, 255, 255, 0);\" href=\"https:\/\/twitter.com\/larrychiang\/status\/676865146656985088?refsrc=email&amp;s=11\"><span style=\"color: #000000;\">12\/15\/15, 12:43 PM<\/span><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">at the negotiation table $330 per month Re; ford escort ZX2 that I could not afford\u00a0<a href=\"https:\/\/twitter.com\/search?q=%23cs183usedCar&amp;src=hash\">#cs183usedCar<\/a>\u00a0<a href=\"https:\/\/twitter.com\/search?q=%23CS183creditScore&amp;src=hash\">#CS183creditScore<\/a>\u00a0<a href=\"https:\/\/t.co\/l5FfgNoVCI\">twitter.com\/mjones\/status\/\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/>\n<a href=\"https:\/\/twitter.com\/download?ref_src=MailTweet-iOS\">Download<\/a>\u00a0the Twitter app to your iPhone to see\u00a0<\/span><span style=\"background-color: rgba(255, 255, 255, 0); color: #000000;\"><a style=\"background-color: rgba(255, 255, 255, 0);\" href=\"https:\/\/twitter.com\/JoeBayen\">Joe Bayen<\/a>&#8216;s turnaround.\u00a0<\/span><\/p>\n<\/div>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" style=\"width: 48px; height: 48px; padding-right: 8px;\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1304114646\/Screen_shot_2011-04-07_at_11.03.29_PM_normal.png\" alt=\"\" \/><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Michael Jones (<a href=\"https:\/\/twitter.com\/mjones?refsrc=email&amp;s=11\">@mjones<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a style=\"background-color: rgba(255, 255, 255, 0);\" href=\"https:\/\/twitter.com\/mjones\/status\/674354664863752192?refsrc=email&amp;s=11\"><span style=\"color: #000000;\">12\/8\/15, 2:27 PM<\/span><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">\u201cFrom Bad Credit Score to Millionaire: How My Journey is Helping Students and Millennials.\u201d by\u00a0<a href=\"https:\/\/twitter.com\/JoeBayen\">@JoeBayen<\/a>\u00a0<a href=\"https:\/\/t.co\/bJNkq6gAnU\">medium.com\/@joebayen\/from\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" style=\"width: 48px; height: 48px; padding-right: 8px;\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" alt=\"\" \/><\/td>\n<td><b>Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/676863377629577216?refsrc=email&amp;s=11\">12\/15\/15, 12:36 PM<\/a><\/div>\n<div>The car dealership makes $200 over invoice, $450 on dealer holdback and $2k on the paper :-)) <a href=\"https:\/\/twitter.com\/search?q=%23FirstTimeBuyer&amp;src=hash\">#FirstTimeBuyer<\/a> <a href=\"https:\/\/twitter.com\/search?q=%23cs183UsedCar&amp;src=hash\">#cs183UsedCar<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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,\u00a0<span style=\"background-color: rgba(255, 255, 255, 0); color: #000000;\"><a style=\"background-color: rgba(255, 255, 255, 0);\" href=\"https:\/\/twitter.com\/JoeBayen\">Joe Bayen<\/a>\u00a0probably wanted to just default on the $330\/month payment. It&#8217;s because his Escort was worth a fraction of what he owed.\u00a0<\/span><\/p>\n<\/div>\n<div><a href=\"https:\/\/twitter.com\/download?ref_src=MailTweet-iOS\">Download<\/a> the Twitter app to dig deeper into<\/div>\n<div>&#8211;\u00a0<span style=\"color: #000000;\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23FirstTimeBuyer&amp;src=hash\">#FirstTimeBuyer<\/a>\u00a0<\/span><\/span><\/div>\n<div><span style=\"color: #000000;\"><span style=\"background-color: rgba(255, 255, 255, 0);\">&#8211;\u00a0<a href=\"https:\/\/twitter.com\/search?q=%23cs183UsedCar&amp;src=hash\">#cs183UsedCar<\/a><\/span><\/span><\/div>\n<div>\n<div><img decoding=\"async\" id=\"3B72AE33-52B6-4765-8B7D-501174A5C2CB\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/12\/image112.jpg\" alt=\"image1.JPG\" \/><\/div>\n<div>My first two cars were purchased private party at thousand and thousands under &#8220;blue book value&#8221;. See the duck9 blog on how I bought two cars way under market value.<\/div>\n<div><\/div>\n<div>&#8211; called to find wealthy owners selling FSBO<\/div>\n<div>&#8211; focus&#8217;d on wealthy owners who were selling well taken care of cars.<\/div>\n<div>&#8211; wealthy millionaires don&#8217;t all drive luxury vehicles. In fact, many don&#8217;t. That&#8217;s why we are rich.<\/div>\n<div>&#8211; tracked calls and leads in a binder. Thing CRM but on paper.<\/div>\n<div>&#8211; organized financing BEFORE by preparing my FICO (like I prepared to win the SAT&#8217;s. I am Asian after all:-)<\/div>\n<div>&#8211; ran CarFax on VIN&#8217;s.<\/div>\n<div>&#8211; asked for maintenance records.<\/div>\n<div>&#8211; told buyers about my financial worthiness via eBay credibility. Today, I&#8217;d add Airbnb to my purchase track. On eBay, I&#8217;m 38 for 38<\/div>\n<div><a href=\"https:\/\/www.ebay.com\/usr\/larrychiang\">https:\/\/www.ebay.com\/usr\/larrychiang<\/a><\/div>\n<div><\/div>\n<div>I test drive pretty well over the telephone and over the Internet. It makes me bangable.<\/div>\n<div><\/div>\n<div>On Airbnb, I&#8217;m <a href=\"https:\/\/www.airbnb.com\/\">https:\/\/www.airbnb.com\/<\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/www.airbnb.com\/users\/show\/1169426\">https:\/\/www.airbnb.com\/users\/show\/1169426<\/a><\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">\u00a0<\/span><\/div>\n<div>&#8211; stuck to the interrogation script because I was &#8216;buying&#8217; the owner of the used car first and the used car he was selling, SECOND.<\/div>\n<div>&#8211; stayed away from Curbstoners<\/div>\n<div>&#8211; stayed far away from dealerships.<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Larry Chiang encourages CS majors to cram MBA knowledge into their brain before the &#8220;2+2&#8221; 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-6667","post","type-post","status-publish","format-standard","hentry","category-credit-secrets"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/6667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=6667"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/6667\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=6667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=6667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=6667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}