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In The Media

Car Loans #cs183CarLoans

by Larry Chiang on August 20, 2016

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
Larry Chiang (@LarryChiang)
One Kia, eight owners – Documents – LATimes #cs183carLoan…


Larry Chiang (@LarryChiang)
Wheel of fortune: A vicious cycle in the used car business – Los Angeles Times #cs183carLoan…

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…

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