What is the average vehicle purchase price for Byrider franchise locations, as represented in the financial performance data?
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. | 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% |
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 for 92 franchise locations is $6,746. The median vehicle purchase price for these locations is $6,744. The FDD also provides data for 8 franchise locations, where the average vehicle purchase price is $5,886, with a median of $5,872. When considering a larger set of 100 franchise locations, the average vehicle purchase price is $6,677, and the median is $6,564. These figures represent the average acquisition price per vehicle placed in inventory.
These financial performance representations are based on historical data from Byrider businesses and are not independently audited. The data is compiled using composites from December 31, 2022, and December 31, 2023, using a 2-year annual average. Byrider businesses establish loss reserves when a car is sold and a retail installment contract is initiated, which necessitates this approach to data compilation. The data is sourced from the franchise system's accounting software, which was assigned from Byrider Franchising to Byrider Franchising Partners in September 2024.
Prospective franchisees should note that these are averages, and individual results may vary. The FDD indicates that 50% of the 92 franchise locations exceeded the average vehicle purchase price. Similarly, 50% of the 8 franchise locations exceeded their average vehicle purchase price, and 53% of the 100 franchise locations exceeded their average. Byrider Franchising Partners will provide written substantiation for this financial information to prospective franchisees upon reasonable request, allowing for a more detailed review of the data and methodology.
It is important for potential franchisees to understand the definitions of the terms used in the financial performance representation. According to the FDD, "Vehicle Purchase Price" means the average acquisition price per vehicle placed in inventory. Understanding this definition is crucial for interpreting the financial data accurately and assessing the potential profitability of a Byrider franchise.