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Onyx Bolsters Its New England Presence

8 May 2000

Onyx Acceptance Bolsters Its New England Presence With Opening of Boston Auto Finance Center

    FOOTHILL RANCH, Calif., and SOUTHBOROUGH, Mass., May 8 Onyx Acceptance Corporation , announced today the opening of its
18th Auto Finance Center (Center) -- in the Metropolitan Boston city of
Southborough, Massachusetts.  The Boston Center employs dealer and credit
manager teams who are responsible for building auto-lending relationships
with, and servicing, franchise and select independent dealerships.  The Boston
Center is located at Two Willow, Suite 201, Southborough, MA, 01745.

    Why Boston
    "The Boston market offers two things that have been critical to our
success -- a significant pool of talented people who work well with the
uniqueness of our team-based environment and a high concentration of
automobile dealerships," said John W. Hall, President and Chief Executive
Officer of Onyx Acceptance Corporation.  "We are pleased to have Michele Bland
heading up the Northeast Region for Onyx.  Her ability to identify and develop
people as well as dealer relationships speaks for itself.  It's all about
people, good people."