Onyx Acceptance Prices $400 Million in Asset Backed Notes

    FOOTHILL RANCH, Calif., May 14 Onyx Acceptance Corporation announced the pricing of a
$400 million offering of automobile receivables-backed notes through Salomon
Smith Barney and Credit Suisse First Boston.
    The notes will be issued through an owner trust, Onyx Acceptance Owner
Trust 2001-B, as follows:


                Principal     Average
     Class       Amount     Life (years)    Coupon         Price       Yield

     A-1     $ 78,000,000      0.35       4.02875%      1.0000000     4.029%
     A-2       96,000,000      1.00          4.43%      0.9999152     4.439%
     A-3      131,000,000      2.00          4.97%      0.9999216     4.974%
     A-4       95,000,000      3.25          5.49%      0.9999481     5.492%
            -------------
             $400,000,000

    Each class of notes will be rated AAA and Aaa, respectively, by Standard
and Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc.,
and Moody's Investors Service, Inc.  The ratings will be based substantially
on the issuance of a financial guaranty insurance policy issued by MBIA
Insurance Corporation.
    The transaction will be Onyx Acceptance's twenty-fourth securitization of
automobile receivables.  It will bring the total of automobile receivables-
backed securities issued by the Company to more than $5.95 billion.
    Onyx Acceptance Corporation is a specialized finance company based in
Foothill Ranch, CA.  Onyx provides financing to franchised and select
independent automobile dealers throughout the United States.

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