J.D. Byrider Systems vs Budget Car & Truck Rental Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of J.D. Byrider Systems vs Budget Car & Truck Rental including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
J.D. Byrider Systems Franchise
Budget Car & Truck Rental Franchise
Investment $349,750 - $672,500$166,700 - $451,000
Franchise Fee $50,000$20,000
Royalty Fee 2.5%-
Advertising Fee $1.5K/mo.-
Year Founded 1979-
Year Franchised 1989-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
J.D. Byrider Systems Franchise
Budget Car & Truck Rental Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    J.D. Byrider Systems Franchise
    Budget Car & Truck Rental Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    J.D. Byrider Systems Franchise
    Budget Car & Truck Rental Franchise
    Training On-The-Job Training: Varies Classroom Training: Varies Additional Training: Web-based curriculum -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software -
    Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
    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)

    		-

    Expansion Plans
     
    J.D. Byrider Systems Franchise
    Budget Car & Truck Rental Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion 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 Budget Car & Truck Rental

    Budget Rent a Car is one of the largest car and truck rental companies in the world, with locations in more than 110 countries and all 50 United States. With more than 3,000 rental shops, including at 825 airports, Budget Rent a Car circulates approximately 232,500 vehicles. Though Budget Rent a Car began as a strictly low-cost rental option to other companies charging daily and per-mile rates, the company has grown substantially in its 50-plus years of operation, and has been ranked as the world’s third-largest vehicle rental company.

    "Top

    #41 in Canada's Top franchises.