What was the median installment contract amount financed at the Byrider locations included in this representation?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
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. | Median |
|---|---|---|---|---|---|---|---|
| 26 | 36 | ||||||
| Vehicle Purchase Price 26 | $5,872 | 50.00% | $5,872 | Vehicle Purchase Price 26 | $5,958 | 50.00% | $5,958 |
| Reconditioning Expense 27 | $2,978 | 50.00% | $2,978 | Reconditioning Expense 27 | $2,963 | 50.00% | $2,963 |
| Down Payment (cash/trade/deferred) 28 | $3,840 | 50.00% | $3,840 | Down Payment (cash/trade/deferred) 28 | $3,316 | 50.00% | $3,316 |
| Gross Mark-Up 29 | $7,581 | 50.00% | $7,581 | Gross Mark-Up 29 | $7,570 | 50.00% | $7,570 |
| Installment Contract Amount Financed 32 | $14,608 | 50.00% | $14,608 | Installment Contract Amount Financed 32 | $14,562 | 50.00% | $14,562 |
| Interest Rate 33 | 22.12% | 50.00% | 22.12% | Interest Rate 33 | 22.44% | 50.00% | 22.44% |
| Monthly Payment Equivalent Amount 34 | $489 | 50.00% | $489 | Monthly Payment Equivalent Amount 34 | $481 | 50.00% | $481 |
| Discount Rate 30 | 30.00% | 100.00% | 30.00% | Discount Rate 30 | 30.00% | 100.00% | 30.00% |
| Average Trade Percentage 37 | 37.02% | 50.00% | 37.02% | Average Trade Percentage 37 | 18.75% | 50.00% | 18.75% |
| Average CoBuyer Percentage 38 | 28.83% | 50.00% | 28.83% | Average CoBuyer Percentage 38 | 14.39% | 50.00% | 14.39% |
| All Delinquency (% of portfolio 1 or more days delinquent) 35 | 8.44% | 50.00% | 8.44% | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 8.70% | 50.00% | 8.70% |
| Net Charge Off (as % of Portfolio Amount) 39 | 0.66% | 50.00% | 0.66% | Net Charge Off (as % of Portfolio Amount) 39 | 0.85% | 50.00% | 0.85% |
| Static Pool Charge Off (Originations from 2 Years Prior) 40 | 13.73% | 50.00% | 13.73% | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 16.82% | 50.00% | 16.82% |
| Average Cash on Cash (Originations from 2 Years Prior) 41 | 127.02% | 50.00% | 127.02% | Average Cash on Cash (Originations from 2 Years Prior) 41 | 123.67% | 50.00% | 123.67% |
| Warranty Expense/Vehicle Sold 31 | $958 | 50.00% | $958 | Warranty Expense/Vehicle Sold 31 | $866 | 50.00% | $866 |
| Average Monthly Marketing Expenses 42 | $12,961 | 50.00% | $12,961 | Average Monthly Marketin |
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 the 8 franchise locations included in the representation is $14,580. This means that half of the Byrider locations financed more than this amount, and half financed less. The average installment contract amount financed for these locations was $14,572.
For the 92 franchise locations, the median installment contract amount financed was $14,933, while the average was $14,846. This indicates a slightly higher financing amount compared to the smaller group of 8 locations.
Across all 100 Byrider locations (both company-owned and franchised), the median installment contract amount financed was $14,852, with an average of $14,824. These figures provide prospective franchisees with a benchmark for understanding the typical financing amounts handled by Byrider businesses. It's important to remember that these are averages and medians, and an individual franchisee's results may vary depending on factors such as location, customer demographics, and business management.