What was the average down payment (cash/trade/deferred) for Byrider stores in the second quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
) of Franchisee-Owned Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 23 Stores | Average | Exceed Avg. | Median | Second Quartile = 23 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase Price 26 | $6,746 | 17.39% | $7,235 | Vehicle Purchase Price 26 | $6,607 | 47.83% | $6,721 |
| Reconditioning Expense 27 | $2,211 | 60.87% | $2,126 | Reconditioning Expense 27 | $2,215 | 52.17% | $2,198 |
| Down Payment (cash/trade/deferred) 28 | $2,380 | 30.43% | $2,187 | Down Payment (cash/trade/deferred) 28 | $2,439 | 52.17% | $2,455 |
| Gross Mark-Up 29 | $6,988 | 52.17% | $7,007 | Gross Mark-Up 29 | $6,948 | 52.17% | $7,092 |
| Installment Contract Amount Financed 32 | $15,522 | 60.87% | $15,689 | Installment Contract Amount Financed 32 | $14,442 | 52.17% | $14,621 |
| Interest Rate 33 | 20.68% | 34.78% | 20.32% | Interest Rate 33 | 21.55% | 47.83% | 21.23% |
| Monthly Payment Equivalent Amount 34 | $495 | 52.17% | $495 | Monthly Payment Equivalent Amount 34 | $485 | 43.48% | $478 |
| Discount Rate 30 | 29.13% | 56.52% | 30.00% | Discount Rate 30 | 29.86% | 78.26% | 30.00% |
| Average Trade Percentage 37 | 19.06% | 30.43% | 16.32% | Average Trade Percentage 37 | 17.95% | 56.52% | 18.38% |
| Average CoBuyer Percentage 38 | 17.46% | 39.13% | 15.89% | Average CoBuyer Percentage 38 | 15.71% | 39.13% | 14.11% |
| All Delinquency (% of portfolio 1 or more days delinquent) 35 | 9.27% | 60.87% | 8.36% | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 10.40% | 52.17% | 10.12% |
| Net Charge Off (as % of Portfolio Amount) 39 | 0.96% | 56.52% | 0.93% | Net Charge Off (as % of Portfolio Amount) 39 | 1.17% | 52.17% | 1.16% |
| Static Pool Charge Off (Originations from 2 Years Prior) 40 | 19.43% | 60.87% | 18.70% | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 24.43% | 52.17% | 24.23% |
| Average Cash on Cash (Originations from 2 Years Prior) 41 | 115.86% | 56.52% | 116.54% | Average Cash on Cash (Originations from 2 Years Prior) 41 | 111.60% | 52.17% | 112.08% |
| Warranty Expense/Vehicle Sold 31 | $656 | 43.48% | $735 | Warranty Expense/Vehicle Sold 31 | $740 | 52.17% | $714 |
| Average Monthly Marketing Expenses 42 | $5,552 | 47.83% | $6,204 | Average Monthly Marketing Expenses 42 | $7,147 | 60.87% | $6,716 |
| Average Monthly Operating Expenses 36 | $176,686 | 56.52% | $165,214 | Average Monthly Operating Expenses 36 | $159,927 | 60.87% | $151,437 |
| Third Quartile = 23 Stores | Average | Exceed Avg. | Median | Fourth Quartile = 23 Stores | Average | Exceed Avg. | Median | |--------------------------------------------------------------------------|-----------|-------------|-----------|--------------------------------------------------------------------------|-----------|-------------|-----------| | | | | | | | | | | Vehicle Purchase Price 26 | $6,808 | 56.52% | $6,609 | Vehicle Purchase Price 26 | $6,139 | 52.17% | $6,139 | | Reconditioning Expense 27 | $2,392 | 56.52% | $2,325 | Reconditioning Expense 27 | $2,573 | 52.17% | $2,560 | | Down Payment (cash/trade/deferred) 28 | $2,430 | 43.48% | $2,322 | Down Payment (cash/trade/deferred) 28 | $2,376 | 47.83% | $2,347 | | Gross Mark-Up 29 | $6,901 | 52.17% | $6,915 | Gross Mark-Up 29 | $6,807 | 43.48% | $6,578 | | Installment Contract Amount Financed 32 | $14,878 | 34.78% | $14,503 | Installment Contract Amount Financed 32 | $14,541 | 56.52% | $14,661 | | Interest Rate 33 | 21.24% | 39.13% | 21.00% | Interest Rate 33 | 21.11% | 34.78% | 21.00% | | Monthly Payment Equivalent Amount 34 | $486 | 39.13% | $482 | Monthly Payment Equivalent Amount 34 | $485 | 47.83% | $485 | | Discount Rate 30 | 27.83% | 69.57% | 30.00% | Discount Rate 30 | 28.54% | 86.96% | 30.00% | | | | | | | | | | | Average Trade Percentage 37 | 18.94% | 39.13% | 14.37% | Average Trade Percentage 37 | 18.68% | 43.48% | 15.79% | | Average CoBuyer Percentage 38 | 12.96% | 43.48% | 11.24% | Average CoBuyer Percentage 38 | 13.01% | 47.83% | 12.87% | | | | | | | | | | | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 11.21% | 43.48% | 11.94% | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 14.18% | 73.91% | 11.14% | | Net Charge Off (as % of Portfolio Amount) 39 | 1.22% | 43.48% | 1.32% | Net Charge Off (as % of Portfolio Amount) 39 | 1.10% | 52.17% | 1.09% | | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 25.56% | 52.17% | 25.25% | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 23.57% | 56.52% | 21.54% | | Average Cash on Cash (Originations from 2 Years Prior) 41 | 110.69% | 56.52% | 111.25% | Average Cash on Cash (Originations from 2 Years Prior) 41 | 111.38% | 60.87% | 112.56% | | | | | | | | | | | Warranty Expense/Vehicle Sold 31 | $709 | 56.52% | $687 | Warranty Expense/Vehicle Sold 31 | $791 | 56.52% | $762 | | Average Monthly Marketing Expenses 42 | $5,739 | 60.87% | $4,744 | Average Monthly Marketing Expenses 42 | $5,550 | 43.48% | $6,834 | | Average Monthly Operating Expenses 36 | $170,450 | 73.91% | $156,971 | Average Monthly Operating Expenses 36 | $169,477 | 47.83% | $173,368 |
Byrider Franchised Stores Systemwide Average Figures for Company-Owned Stores Included in Tables A-3 and A-4
Based on 2 Years (period ending December 31 in 2022 and 2023) of Company-Owned Stores Open 24+ Months as of 12/31/2023
| 8 Franchise Locations | Average | Exceed Avg. | Median | |--------------------------------------------------------------------------|-----------|-------------|-----------| | | | | | | Vehicle Purchase Price 26 | $5,886 | 50.00% | $5,872 | | Reconditioning Expense 27 | $2,868 | 25.00% | $2,927 | | Down Payment (cash/trade/deferred) 28 | $3,393 | 37.50% | $3,642 | | Gross Mark-Up 29 | $7,447 | 25.00% | $7,535 | | Installment Contract Amount Financed 32 | $14,572 | 50.00% | $14,580 | | Interest Rate 33 | 21.51% | 25.00% | 22.02% | | Monthly Payment Equivalent Amount 34 | $477 | 37.50% | $484 | | Discount Rate 30 | 30.00% | 100.00% | 30.00% | | | | | | | Average Trade Percentage 37 | 32.93% | 50.00% | 33.58% | | Average CoBuyer Percentage 38 | 23.69% | 37.50% | 25.50% | | | | | | | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 9.02% | 75.00% | 8.70% | | Net Charge Off (as % of Portfolio Amount) 39 | 0.78% | 37.50% | 0.79% | | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 16.31% | 50.00% | 15.83% | | Average Cash on Cash (Originations from 2 Years Prior) 41 | 123.40% | 37.50% | 124.90% | | | | | | | Warranty Expense/Vehicle Sold 31 | $1,012 | 50.00% | $992 | | Average Monthly Marketing Expenses 42 | $13,377 | 50.00% | $12,961 | | Average Monthly Operating Expenses 36 | $171,195 | 37.50% | $178,632 |
Byrider Franchised Stores Systemwide Average Figures for Company-Owned Stores Included in Tables A-3 and A-4
Based on 2 Years (period ending December 31 in 2022 and 2023) of Company-Owned Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 2 Stores | Average | Exceed Avg. | Median | Second Quartile = 2 Stores | Average | Exceed Avg.
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the average down payment (cash/trade/deferred) for stores in the second quartile varies depending on the number of stores included in the data set. In one scenario with 23 stores in the second quartile, the average down payment was $2,439. In another scenario with 25 stores in the second quartile, the average down payment was $2,552. Finally, when only 2 stores are in the second quartile, the average down payment was $3,316.
These figures represent the average initial investment customers make when purchasing a vehicle from a Byrider franchise in the second quartile, combining cash payments, trade-in values, and deferred payment arrangements. This metric is important for franchisees as it impacts the amount financed and the overall profitability of each sale.
The varying figures based on different store counts in the second quartile highlight the potential for variability in financial performance across different Byrider locations. A prospective franchisee should investigate the reasons for these differences and consider how they might impact their own store's performance.
Understanding the average down payment in different quartiles can help a franchisee forecast cash flow and manage financial risk. It's also important to note the percentage of stores exceeding the average, as this provides insight into the distribution of performance within each quartile.