Byrider Franchising

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Our History

Byrider used car dealership franchise opportunities are making important differences to communities nationwide with over 150 locations. But our legacy as America’s leading used car and finance franchise has a humble beginning. 

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The revolutionary idea behind the Byrider franchise was first conceived in Marion, Indiana, in 1979. The concept was created by Jim DeVoe Sr., who was running a Chevy-Cadillac store with his father. Jim DeVoe’s vision was developed out of necessity. As interest rates were high and new car sales were sagging in the late 1970s, many people in tiny Marion were blue-collar workers who could not qualify for financing on a new car, yet needed transportation to get to and from their jobs. So Jim made it a goal to help people get reliable transportation, even if they’ve been turned down for traditional bank financing.

In 1979, Jim developed a business model that would allow his dealership to compete in the buy-here-pay-here category by offering consumers cars and financing all in one location, thereby making it easier to surpass the competition and help his community. His success led him to develop educational Auto Credit Seminars that he used to show hundreds of other dealers across the country how they too could succeed in this category.

Eventually, Jim’s interest in franchising his concept led to the inception of the Byrider brand, and he opened his first location in 1989. In 1993, the company moved its corporate headquarters to the Indianapolis area, where it remains today.

In 2019, Byrider relaunches with a new company vision: Be the consumer choice in helping people get a fresh opportunity to finance and own a quality vehicle. Byrider is America’s largest buy here pay here dealership network and has sold more than 1 million cars at more than 150 locations across the country.

Byrider continues to transform the automotive industry through its dedication to customer service and focus on car quality. Byrider’s success is driven by a commitment to being the consumer choice in helping people “Buy, Finance, and Drive On,” even if they’ve been turned down for traditional bank financing.

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Opportunity for Veterans

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
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