What was the median installment contract amount financed 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 Trad |
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the median installment contract amount financed at 92 franchise locations was $14,933. For 8 franchise locations, the median installment contract amount financed was $14,580. When considering all 100 franchise locations, the median installment contract amount financed was $14,852.
This information indicates the typical amount of financing Byrider customers receive to purchase a vehicle. Prospective franchisees can use this data to understand the scale of financing involved in Byrider transactions and to forecast potential revenue based on interest income from these contracts.
It's important to note that these figures are based on data from 2022 and 2023 and may not reflect current market conditions. Additionally, individual franchise performance can vary, and Byrider notes that there is no assurance that a franchisee will achieve the same results. Byrider also states that they will provide written substantiation for this financial information to prospective franchisees upon reasonable request.