Byrider Franchising

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Game Changer

How Byrider is Changing the Face of the Used Car Financing Business

Let’s be honest: the used car industry hasn’t always had the best of reputations. Too many consumers have been victims of fly-by-night operations and less-than-reputable dealerships. Since 1989, the Byrider used car financing business has made it a mission to change that perception and give consumers the quality used vehicles they deserve at affordable prices. As a result, we’re changing the face of our industry in important ways, allowing our franchisees to make respected names for themselves in their communities and provide members of it with a valuable resource.

 

We Put Customer Service First

We know how important it is for people to have reliable and affordable vehicles at their disposal. Families need them to take kids to and from school and to extracurricular activities, to run errands and to take on vacations, and much more. Individuals need them for much of the same reasons. Our buy-here-pay-here franchises allow folks the convenience of shopping and financing in one place, often with the benefit of establishing or reestablishing credit. Byrider franchisees own their used car financing businesses and can decide for themselves who to finance. Our proprietary software, including risk management and credit underwriting, helps them make vetted decisions, and they can build a portfolio of loans that add value to their franchise. Best of all, they can help members of their community feel good about relying on a Byrider vehicle because they know it’s just that — a Byrider car!

 

Two Great Models to Choose From

When you decide on a used car financing business with Byrider, there are two great ways to go about getting started: you can choose our traditional model that allows you to sell, service, and finance vehicles, or you can decide on our new Byrider Direct option that sets you up to sell and service vehicles only. This latter option is a great way to break into our industry while not having to manage a portfolio, staff a finance team, or spend time collecting payments — all of which could mean more time to focus on growth! We are exceptionally proud of our business models, and because they’re so flexible, we know they can mean a real advantage over the competition for our franchisees. 

 

Our Brand Means Good Business

In the many decades we’ve been in business, we’ve helped more than one million consumers find and drive quality used cars with affordable financing. The Byrider brand name stands for excellence in products and services, and it’s a reputation you’ll immediately benefit from when your dealership doors open. People know they can go to a Byrider dealership and find just the right car and finance it on the spot for incredible convenience and peace of mind. That’s the Byrider difference, and it’s a difference that is shaping the face of our industry every day.

Ready to become part of the Byrider family? Reach out today to find out more about a used car finance business with us!

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The reference to $1,522,305 above represents the two-year annual average net income from operations during the period between January 1, 2020 and December 31, 2021 (“Traditional Measurement Period”) for the top 25%, or 26 of the 107 franchisee-owned Byrider Traditional stores. 38.4%, or 10 of those 26 Traditional Mature Stores, met or exceeded that two-year annual average. The entire set of 107 Traditional Mature Stores generated a two-year annual average net income from operations of $721,720 during the Traditional Measurement Period. 42.06%, or 45 of the 107 Traditional Mature Stores, met or exceeded that average. More detailed information regarding Traditional Mature Stores, including the average net income from operations for the bottom 25% of the Traditional Mature Stores, can be found in Byrider Franchising, LLC’s Franchise Disclosure Document dated July 6, 2022. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. © Byrider Franchising, LLC. 12802 Hamilton Crossing Blvd., Carmel, Indiana 46032. All Rights Reserved.

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  • About Us
    ▼
    • Meet Team
  • Why Byrider?
  • The Opportunity
    ▼
    • The Process
    • The Models
    • The Investment
  • Available Territories
  • Resources
    ▼
    • FAQs
    • News
    • Tour of a Dealership
  • Learn More
  • Request A Webinar
  • Request More Info