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Introduction

27051 Towne Centre Drive
Foothill Ranch, California 92610
U.S.A.
Telephone: (949) 465-3900
Fax: (949) 465-3530
Web site: http://www.onyxacceptance.com

Public Company
Incorporated: 1993
Employees: 968
Operating Revenues: $92.9 million (2002)
Stock Exchanges: NASDAQ
Ticker Symbol: ONYX
NAIC: 522291 Consumer Lending

Onyx Acceptance Corporation, a specialized consumer finance company, got off to a fast start in the mid-1990s but has threatened, at times, to stall. Engaged in the purchase, securitization, and servicing of motor vehicle retail installment contracts, Onyx works primarily with franchised automobile dealerships and focuses on the later model used car market. Onyx purchases the accounts receivables from the dealerships and then collects on the accounts. Unlike many competitors, Onyx has stuck with prime and near-prime consumers, not succumbing to the risky allure of the higher interest rates charged to subprime borrowers. To raise money to buy more accounts, Onyx stores up the assets it purchases and then spins them off as securities.

1. Introduction
2. Start Your Engines: 1993–96
3. Avoiding Debris on the Track: 1997–98
4. Getting on the Map: 1999–2002
5. Continuing the Race: 2003 and Beyond
6. Principal Competitors
7. Further Reading
8. Copyright Page
9. About Page