About Us
Explore the Evolution of Byrider Franchise
The revolutionary idea behind the Byrider franchise was first conceived in Marion, Indiana, in 1979. The concept was created by Jim DeVoe Sr., who was running a Chevy-Cadillac store with his father. Jim DeVoe’s vision was developed out of necessity. As interest rates were high and new car sales were sagging in the late 1970s, many people in tiny Marion were blue-collar workers who could not qualify for financing on a new car, yet needed transportation to get to and from their jobs. So Jim made it a goal to help people get reliable transportation, even if they’ve been turned down for traditional bank financing.
In 1979, Jim developed a business model that would allow his dealership to compete in the buy-here-pay-here category by offering consumers cars and financing all in one location, thereby making it easier to surpass the competition and help his community. His success led him to develop educational Auto Credit Seminars that he used to show hundreds of other dealers across the country how they too could succeed in this category.
Eventually, Jim’s interest in franchising his concept led to the inception of the Byrider brand, and he opened his first location in 1989. In 1993, the company moved its corporate headquarters to the Indianapolis area, where it remains today.
In 2024, Byrider entered a new chapter when a group of six long-tenured franchisees acquired the brand from and formed a franchisee-led board. Today, Byrider is owned and governed by franchisees, ensuring that strategic decisions are made by operators who understand the business at the store level and are directly invested in the long-term success of the system.
This franchisee-first structure reinforces Byrider’s commitment to disciplined operations, shared accountability, and a mission centered on helping customers Buy, Finance, and Drive On®, even when traditional lenders say no.
Byrider started franchising
The agency is founded by one or more individuals, who typically have experience in real estate and a vision for how they can provide a unique service to clients.

Carmel, Indiana
Moved to new corporate headquarters in Carmel, Indiana

Altamont Capital Partners
Altamont Capital Partners acquires Byrider to provide strategic direction, resources, & capital for long-term company growth

Milestone
Milestone-$1 billion in outstanding retail installment contracts reached

1 millionth
1 millionth vehicle sold!

Rebrand
Rebrand celebration! J.D. Byrider to
"BYRIDER: BUY. FINANCE. DRIVE ON."

Expanding Nationwide
Byrider is in 30 states nationwide and expanding!

Byrider Franchisees Partners
Investor group of Byrider franchisees acquire ownership.

Technology Invesment
We are committed to investing in technology that improves efficiency, enhances customer experiences, and supports long-term business growth. By adopting innovative tools and modern solutions, we empower our teams to work smarter, streamline operations, and stay ahead in a rapidly evolving digital landscape.

