Blogs & News
Keep up to date with the latest stories and updates from Byrider.
Beep Beep! There’s a New Car Dealer in Town. From its recently-opened location at 44 N. Rolling Meadows Drive, Byrider is looking to help those who have fallen on hard times get on the road with speed. Formerly J.D. Byrider, the newly rebranded Byrider is a “buy here pay here” dealership, meaning it helps those […]
J.D. Byrider, a chain of so-called “buy-here, pay-here” used-car dealerships that cater to customers with risky, subprime credit histories or no credit history, is rebranding itself beginning this week, to encourage a more customer-friendly image and to signal improvements aimed at friendlier and faster customer handling, especially online. “The big change for us is more on […]
Finding the perfect match between owner and franchise is of paramount importance, and to do that, you first need to understand what is expected of Byrider franchisees. Since you will be running your own franchise, we want our Byrider franchise owners to be able to effectively manage a team without needing management themselves, not be […]
At Byrider, we realized that there was a large customer segment that the traditional car dealer ship model could not serve. Since customers must typically make multiple stops, between the auto dealer and a separate lender, the process was harrowing and complex for the customer, and less likely to result in business for the dealer. […]
The automotive finance market continues to grow. According to Experian, buy-here, pay-here made up over 12% of the used vehicle finance market share during quarter two of 2018. During that same period, the subprime FICO scores exceeded that of approximately 18% of the U.S. population. Adding the buy-here, pay-here option allows dealerships to serve more […]
Byrider is partnering with the American Heart Association in February for the Life Is Why We Give Campaign, LIWWG. Attached here is a message from Byrider CEO, Craig Peters, sharing why we are partnering with AHA and the Life is Why We Give Campaign. Every Company Store will be receiving AHA promotional kits to display […]
So-called alternative credit-data sources such as records of phone and cable TV payment histories are gaining greater acceptance among automotive lenders in deciding whether to finance a vehicle purchase. So says Peter Oburu, vice president-automotive analytics for Equifax, a credit tracking and analytics company. “Lenders and the auto industry were a little leery when alternative-credit […]
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to four classes of notes issued by CarNow Auto Receivables Trust 2017-1 (“CNART 2017-1”), a subprime auto asset-backed securities transaction. CNART 2017-1 will issue $126.32 million of notes collateralized by approximately $159.2 million of subprime auto loan receivables. The transaction has initial credit enhancement […]
JD Byrider recently celebrated with the buy-here, pay-here corporation’s 54 owners at the company’s annual convention in Hollywood, Fla.At the event, three Midwestern dealers won top honors as a part of Byrider’s annual award program.The Franchise of the Year winners were chosen in three categories based on size of their franchise holdings: • Single Location: […]
Byrider announced a major change in leadership on Tuesday as the franchise network of buy-here, pay-here dealerships recently appointed Craig Peters as chief executive officer, replacing Steve Wedding, who served the company for 25 years. The company indicated Wedding will support the transition as an advisor to the Byrider board of directors. Most recently serving […]
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