What was the average vehicle purchase price at Byrider franchise locations?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
rs (period ending December 31 in 2022 and 2023) of Franchisee-Owned Stores Open 24+ Months as of 12/31/2023
| 92 Franchise Locations | Average | Exceed Avg. | Median | |--------------------------------------------------------------------------|-----------|-------------|-----------| | | | | | | Vehicle Purchase Price 26 | $6,746 | 50.00% | $6,744 | | Reconditioning Expense 27 | $2,348 | 54.35% | $2,319 | | Down Payment (cash/trade/deferred) 28 | $2,406 | 56.52% | $2,334 | | Gross Mark-Up 29 | $6,911 | 47.83% | $6,936 | | Installment Contract Amount Financed 32 | $14,846 | 45.65% | $14,933 | | Interest Rate 33 | 21.15% | 60.87% | 21.00% | | Monthly Payment Equivalent Amount 34 | $488 | 60.87% | $484 | | Discount Rate 30 | 28.84% | 25.00% | 30.00% | | | | | | | Average Trade Percentage 37 | 18.66% | 60.87% | 16.68% | | Average CoBuyer Percentage 38 | 14.78% | 58.70% | 13.86% | | | | | | | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 11.27% | 56.52% | 10.84% | | Net Charge Off (as % of Portfolio Amount) 39 | 1.11% | 48.91% | 1.12% | | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 23.25% | 50.00% | 23.23% | | Average Cash on Cash (Originations from 2 Years Prior) 41 | 112.38% | 43.48% | 112.88% | | | | | | | Warranty Expense/Vehicle Sold 31 | $724 | 51.09% | $716 | | Average Monthly Marketing Expenses 42 | $5,997 | 45.65% | $6,217 | | Average Monthly Operating Expenses 36 | $169,135 | 60.87% | $159,436 |
Byrider Franchised Stores Systemwide Average Figures for Franchisee-Owned Stores Included in Tables A-1 and A-2
Based on 2 Years (period ending December 31 in 2022 and 2023) 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.
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 vehicle purchase price at 92 franchise locations was $6,746. The median vehicle purchase price for these locations was $6,744, with 50% of the locations exceeding the average. This figure represents the average acquisition price per vehicle placed in inventory, as defined in Note 26 of the FDD.
In a separate set of 8 franchise locations, the average vehicle purchase price was $5,886, with a median of $5,872. In this group, 50% of the locations exceeded the average vehicle purchase price. This indicates some variability in vehicle acquisition costs across different franchise locations.
When considering a larger sample of 100 franchise locations, the average vehicle purchase price was $6,677, and the median was $6,564. In this set, 53% of the locations exceeded the average. These figures provide a broader perspective on the typical investment required for vehicle inventory at Byrider franchises. Prospective franchisees should consider these variations and understand the factors influencing vehicle acquisition costs in their specific market.