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Onyx Acceptance Named One of America's Fastest Growing Companies

2 September 1999

Individual Investor Magazine Names Onyx Acceptance One of America's Fastest Growing Companies

       Select List of 100 Companies Based Primarily on Earnings Growth

    FOOTHILL RANCH, Calif., Sept. 2 -- Individual Investor
magazine has included Onyx Acceptance Corporation in its list
of America's Fastest Growing Companies (AFGC 100).  The publication surveyed
America's 9,000 publicly traded corporations to find the fastest growing.
Individual Investor published the AFGC 100 list in its September 1999 issue.
    There were 19 companies with a market capitalization of $75 million or
less that made the AFGC 100.  Of those, 15 companies received a "thumbs down"
opinion from the publication.  Onyx was one of 4 companies in this group
receiving a "thumbs up" opinion from the publication.

    Selection Criteria
    To be considered for a spot on the list, a company had to meet the
    following criteria:
    --  100% or more increase in quarterly earnings per share in 1999
    --  20% or higher revenue growth, and
    --  earnings of $0.05 or more per share in the year-ago quarter

    The AFGC 100 companies range in market capitalization -- the number of
shares outstanding multiplied by the share price on a given date -- from
$8 million to $44 billion.
    Individual Investor Group, Inc., is a financial media company that
publishes and markets Individual Investor magazine (circulation 500,000),
IndividualInvestor.com, Individual Investor's Special Situation Report,
InsiderTrader.com and Ticker magazine (circulation 100,000).
    Onyx Acceptance Corporation is a specialized finance company based in
Foothill Ranch, CA.  The Company provides financing to franchised and select
independent dealers throughout the United States.

    This news release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected.  The most significant among these risks and
uncertainties are (a) the Company's level of delinquencies, gross charge-offs
and net losses, (b) the ability to achieve adequate interest rate spreads,
(c) the effects of economic factors on consumer debt, (d) competitive
pressures and (e) the continued availability of liquidity sources.  Other
important factors are detailed in the Company's annual report on Form 10-K for
the year ended December 31, 1998, and on Form 10-Q for the periods ended
March 31, 1999, and June 30, 1999.

    Please visit the Onyx Acceptance website at http://www.onyxco.com to view the
latest investor presentation.