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!