Onyx Acceptance Corporation
 

     
    This filing is made pursuant to Rule 424(b)(2) under the
Securities Act of 1933 in connection with Registration No. 333-71238

(ONYX LOGO)

Current Interest Rates

This is a supplement to the Prospectus dated February 11, 2002

Current Interest Rates for Renewable Unsecured Subordinated Notes
offered by
Onyx Acceptance Corporation

Effective January 19, 2003

                                                                                     
PORTFOLIO                                                                                
AMOUNT (1)   $1,000 - $24,999   $25,000 - $49,999   $50,000 - $74,999   $75,000 - $99,999   $100,000 or more

 
 
 
 
 
        Interest   Annual   Interest   Annual   Interest   Annual   Interest   Annual   Interest   Annual
NOTE TERM   Rate %   Yield %   Rate %   Yield %   Rate %   Yield %   Rate %   Yield %   Rate %   Yield %

 
 
 
 
 
 
 
 
 
 
 
3 Month (2)
    5.97       6.15       6.10       6.29       6.23       6.43       6.36       6.57       6.49       6.70  

   
     
     
     
     
     
     
     
     
     
 
 
6 Month (2)
    6.77       7.00       6.90       7.14       7.03       7.28       7.16       7.42       7.29       7.56  

   
     
     
     
     
     
     
     
     
     
 
   
1 Year (3)
    8.16       8.50       8.29       8.64       8.42       8.78       8.55       8.93       8.68       9.07  

   
     
     
     
     
     
     
     
     
     
 
   
2 Year (3)
    8.85       9.25       8.98       9.39       9.11       9.54       9.24       9.68       9.37       9.82  

   
     
     
     
     
     
     
     
     
     
 
   
3 Year (3)
    9.03       9.45       9.16       9.59       9.29       9.73       9.42       9.88       9.55       10.02  

   
     
     
     
     
     
     
     
     
     
 
   
4 Year (3)
    9.40       9.85       9.53       10.00       9.66       10.14       9.79       10.28       9.92       10.43  

   
     
     
     
     
     
     
     
     
     
 
   
5 Year (3)
    9.53       10.00       9.66       10.14       9.79       10.28       9.92       10.43       10.05       10.57  

   
     
     
     
     
     
     
     
     
     
 
 
10 Year (3)
    9.67       10.15       9.80       10.29       9.93       10.44       10.06       10.58       10.19       10.73  

   
     
     
     
     
     
     
     
     
     
 


(1)   We determine the applicable portfolio amount at the time you purchase or renew a note by aggregating the principal amount of all notes issued by Onyx Acceptance Corporation that are currently owned by you and your immediate family members. Immediate family members include parents, children, siblings, grandparents and grandchildren. Members of a sibling’s family are also considered immediate family members if the holder’s sibling is also a noteholder.
 
(2)   The annual yield calculation assumes that:

  a. the term of the note is renewed sequentially for an entire year,
b. the interest earned during each term is included in the principal amount for the next term,
c. the listed interest rate is the interest rate for each term, and
d. the accrued interest is paid annually.

(3)   The annual yield calculation assumes that accrued interest is paid annually.

Paying Agent: Wells Fargo Bank Minnesota, N.A.

The description in this prospectus supplement of the terms of these notes adds to the description of the general terms and provisions of the notes in the accompanying prospectus. Investors should rely on the description of the notes in this supplement if it is inconsistent with the description in the prospectus.