J.D. Byrider Systems vs NextCar Franchise Comparison

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

Start-Up Costs and Fees
 
J.D. Byrider Systems Franchise
NextCar Franchise
Investment $349,750 - $672,500$338,950 - $813,135
Franchise Fee $50,000$22,500 - $125,000
Royalty Fee 2.5%-
Advertising Fee $1.5K/mo.-
Year Founded 19792004
Year Franchised 19892015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
J.D. Byrider Systems Franchise
NextCar Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    J.D. Byrider Systems Franchise
    NextCar 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
    NextCar 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
    NextCar Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    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 NextCar

    "NextCar
    NextCar is THE place to get your next car rental. Operates a business that offers motor vehicle rentals, leases, car sharing and other mobility services, rent-to-own, and used vehicle sales to the general public. We have compact through full size, SUV's and moving trucks and we specialize in high end car rentals like BMW, Lexus, Infiniti, Mercedes and more!