Onyx Acceptance Corporation

Ticker: ONYX		8001 Irvine Center Drive, 5th Floor
Exchange: NASDAQ-National Market		Irvine, California 92718
Industry: Financial		(714) 450-5500

Type of Shares:	Common Shares	Filing Date:	1/29/96
U.S. Shares:	2,500,000	Offer Date:	3/25/96
Non-U.S. Shares:	0	Filing Range:	$11.00 - $13.00
Primary Shares:	2,461,571	Offer Price:	$11.50
Secondary Shares:	38,429	Gross Spread:	$0.81
Offering Amount:	$30,000,000	Selling:	$0.47
Expenses:	$750,000	Reallowance:	$0.10
Shares Out After:	5,496,633

Manager	Tier	Phone
Prudential Securities Incorporated	Lead Manager	(212) 214-3000
Montgomery Securities	Co-manager	4156272220

Auditor: Coopers & Lybrand
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95				12/31/95
Revenue:	$5.62			Assets:	$136.08
Net Income:	-$3.19			Liabilities:	$134.59
EPS:	-$0.51			Equity:	$1.48
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The Company is a specialized consumer finance company engaged in the purchase, Securitization and servicing of motor vehicle retail installment contracts originated by franchised and select independent automobile dealerships within California. The Company focuses its efforts on acquiring Contracts, secured by late model used and, to a lesser extent, new automobiles, entered into with purchases whom the Company believes have a favorable credit profile. Since commencing the purchase of Contracts in February 1994, the Company has purchased in excess of $285.1 million in Contracts from 769 dealerships and has expanded its operations from a single office in Irvine, California to six Auto Finance Center in California and up to two Auto Finance Centers in the western United States within twelve months.

Use of Proceeds

The proceeds from the proposed offering will be used to repay Senior Subordinated Notes, to repay indebtedness under a revolving credit agreement and other general corporate purposes.

Last updated: 10/28/96