J.D. Byrider Systems vs Automatic Car Credit Franchise Comparison

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

Start-Up Costs and Fees
 
J.D. Byrider Systems Franchise
Automatic Car Credit Franchise
Investment $349,750 - $672,500$250,000 - $416,700
Franchise Fee $50,000$10,000 - $25,000
Royalty Fee 2.5%$125/vehicle
Advertising Fee $1.5K/mo.$500-1,000/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
Automatic Car Credit Franchise
Experience
  • General business experience
    		• Do I need to have auto industry experience to purchase a franchise? We recommend that you do. However, an individual that demonstrates great people skills, business sense, is driven, and can motivate others can probably hire individuals with the necessary experience.

    Financing Options
     
    J.D. Byrider Systems Franchise
    Automatic Car Credit 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
    Automatic Car Credit Franchise
    Training On-The-Job Training: Varies Classroom Training: Varies Additional Training: Web-based curriculum Ready to learn more about auto financing, inventory control, and marketing than you ever dreamed? Automatic Car Credit has a rigorous training program ready for you. It covers every area essential to running your franchise. And ongoing training will be available on an as-needed basis.
    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 TV and radio commercials that are clear and compelling, making Automatic Car Credit stand out from the competition. The Web site is another excellent marketing tool. There is no question: your marketing message will be loud, clear, and highly professional!
    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
    Automatic Car Credit Franchise
    US Expansion YesYes
    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 Automatic Car Credit

    Buckle Up! It's going to be a fast ride to your future with...Automatic Car Credit.
    We're a used car dealer that specializes in helping people establish or re-establish their credit through the purchase of a vehicle. Since the early 1990's, our proven financing system has allowed thousands of customers purchase the vehicle they want, and more importantly, can afford. We have a different selling philosophy in that we are low pressure and treat customers equally, regardless of credit worthiness. Our model allows the customer to deal with one person throughout the buying experience. Secondly, we sell credit. Pardon the pun, but the vehicle is the "vehicle" in which we do it.
    Why should you choose us? * We're a Nation on Wheels * We're a High Octane Business * Tough times put lender's in the driver's seat * The Benefits are Practically Automatic! * Automatic Franchise Support Providing customers with the loans they need for the vehicles they can afford - while offering super-charged opportunity to a few, hard-driving franchisees.