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Onyx Acceptance Prices $440 Million in Asset Backed Notes

27 July 2000

Onyx Acceptance Prices $440 Million in Asset Backed Notes

    FOOTHILL RANCH, Calif. - Onyx Acceptance Corporation announced the pricing 
of a $440 million offering of automobile receivables-backed notes through 
Salomon Smith Barney, Chase Securities Inc., Merrill Lynch & Company and Credit 
Suisse First Boston.

    The notes will be issued through an owner trust, Onyx Acceptance Owner
Trust 2000-C, as follows:

                 Principal        Average
    Class         Amount       Life (years)   Coupon      Price      Yield
    A-1       $  74,000,000        0.32       6.79%     1.0000000    6.790%
    A-2         115,000,000        1.00       7.05%     0.9999421    7.056%
    A-3         132,000,000        2.00       7.16%     0.9999800    7.161%
    A-4         119,000,000        3.44       7.26%     0.9997897    7.267%
              $ 440,000,000

    Each class 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-first securitization of
automobile receivables.  It will bring the total of automobile receivables-
backed securities issued by the Company to more than $4.69 billion.

    Onyx Acceptance Corporation is a specialized finance company based in
Foothill Ranch, CA.