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Updated RecentlyJ.D. Byrider Systems vs Priceless Rent-A-Car Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of J.D. Byrider Systems vs Priceless Rent-A-Car including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $349,750 - $672,500 | $339,992 - $790,266 |
| Franchise Fee | $50,000 | $18,000 - $75,000 |
| Royalty Fee | 2.5% | $34/car/month |
| Advertising Fee | $1.5K/mo. | $8/car/month |
| Year Founded | 1979 | 1997 |
| Year Franchised | 1989 | 1997 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | Yes/No |
| Start-up Costs | No/Yes | Yes/No |
| Equipment | No/Yes | Yes/Yes |
| Inventory | No/Yes | Yes/No |
| Receivables | No/Yes | Yes/No |
| Payroll | No/Yes | No/No |
Training & Support |
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| Training | On-The-Job Training: Varies Classroom Training: Varies Additional Training: Web-based curriculum | On-The-Job Training: 3 days Classroom Training: 5 days |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad Templates National Media |
| Operations |
40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20
Absentee ownership of franchise is allowed. (28% of current franchisees are owner/operators)
| Absentee Ownership Allowed Number of Employees Required to Run: 2 - 4 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About J.D. Byrider Systems
Owner of a Chevrolet-Cadillac dealership in Marion, Indiana, James F. DeVoe learned how profitable used cars could be when he added a used car dealership to his operation in 1979. With a $19 ad in the local paper, DeVoe sold eight cars the first week for a gross profit of $1,000 each.
Ten years later, DeVoe founded J.D. Byrider (http://www.jdbyrider.com/) in 1989 to deliver dependable used cars and affordable financing.
Indianapolis-based J.D. Byrider specializes in 5- to 10-year-old cars sold for an average of $7,000. The target customer is a blue-collar worker with a blemished or limited credit history, a segment that has grown with the rise of personal bankruptcies. Unlike most dealerships, where customers pick a car and then figure out how to finance it, J.D. Byrider reverses the process: Credit counselors guide customers toward vehicles within their price range.
Every J.D. Byrider franchise (http://www.jdbyrider.com/) is two companies working together: a used car sales company, J.D. Byrider, and a sub-prime auto finance company, the CarNow Acceptance Co. (CNAC). Both are independently owned and operated by franchisees.
About Priceless Rent-A-Car
Since 1998, Priceless Car Rental has possessed, worked and diversified auto rental areas everywhere throughout the United States. Our unparalleled client benefit, premium armada and aggressive rates permit us to keep up our status as one of the best values in the auto rental industry.
We are effectively looking for exceptionally qualified agents to join our framework as establishment proprietors. Extremely valuable auto rental has a demonstrated model for individual financial specialists and business visionaries to discover their specialty in the lucrative $24 Billion US Car Rental market.
The way to accomplishment for our franchisees lies in the instruments we have created with more than 40 years of genuine working knowledge. From our restrictive business administration programming, access to our reservation framework, organization possessed protection and vehicle financing, and introductory and continuous preparing, Priceless Car Rental gives its establishment proprietors the instruments expected to maintain a productive vehicle rental business.
The auto rental industry has never been bigger as far as income and vehicles in administration, and we are looking for business people to spread Priceless Car Rental in little, medium, and vast markets the nation over. Our skill in the nearby rental commercial center originates from our proceeded with association and genuine experience as we commend 40 years as proprietor/administrators of vehicle rental stores and new and utilized auto dealerships.
This proceeding with association in the day by day vehicle rental business and the bigger car industry gives us a level of mastery in this fragment of the business that is the center establishment of the information we pass on to our establishment accomplices.
Our association with the car producers and our commendable reputation with our financing accomplices permit our establishment proprietors access to armada, financing and protection that would be distant for an autonomous administrator.