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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.
Below is a quick comparison of J.D. Byrider Systems against other Automotive Sales and Rental franchises and business opportunities. For an in depth comparison of J.D. Byrider Systems with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.
Franchise | Franchise Fee | Royalty | Advertising Fee | Development Costs |
Affiliated Car Rental | $5,000-$11,600 | Varies | $46,500-$72,000 | |
Affordable Car Rental | $4,000-$7,000 | $25,000-$30,000 | ||
Autohire Rent-A-Car | $35,000 | $85,000-$150,000 | ||
Automatic Car Credit | $10,000-$25,000 | $125/vehicle | $500-1,000/Mo. | $250,000-$416,700 |
Avis Rent A Car | N/A | $575,500-$1,608,400 | ||
Bates Motor Home Rental Network Inc. | $17,000-$35,000 | 8% | $33,800-$250,000 | |
Budget Car & Truck Rental | $20,000 | $166,700-$451,000 | ||
Dominion Auto Centers | $35,000 | 8% | $100 per vehicle sold, 2% of service revenue | $50,000 |
EagleRider Motorcycle Rental | $20,000-$30,000 | 10% | $47,283-$179,496 | |
Hertz Car Rental | $25,000-$100,000 | $564,300-$2,539,000 | ||
NextCar | $22,500-$125,000 | $338,950-$813,135 | ||
Northside Autosports | $35,000 | $250/Month | $50,000 | |
PacLease | $4,000 | $54,250-$154,250 | ||
Payless Car Rental | $15,000-$500,000 | 4-5% | $217,900-$6,300,000 | |
Payless Car Sales Inc. | $30,000 | $2500+/mo. | $351,700-$3,100,000 | |
Practicar | $15,000-$30,000 | $80,000-$200,000 | ||
Price King Rent-a-Car | $59,000-$99,000 | $120,000 | ||
Priceless Rent-A-Car | $18,000-$75,000 | $34/car/month | $8/car/month | $339,992-$790,266 |
Rent-A-Wreck | $18,000-$75,000 | $30/car/mo. | $36,600-$211,000 | |
RimTyme | $25,000 | 4% | $250/ mo | $321,208-$684,250 |
Scooter Planet | $29,500 | 5% | $75,000 | |
Sensible Car Rental | $4,000-$7,000 | $25,000-$30,000 | ||
Sixt USA | $25,000-$750,000 | 5% | $614,100-$6,670,600 | |
Thrifty Car Sales | $35,000 | $110+/vehicle | $765,000-$4,000,000 | |
U-Save Auto Rental | $10,000-$250,000 | 3-6% | $58,000-$711,150 | |
Wheelchair Getaways | $17,500 | $550/van/yr. | $40,000-$112,000 |