“The fact is that some customers are only able to operate on a cash basis.”

—Bill Brunner, cfo at Carmel, Ind.-based J.D. Byrider on the persistence of subprime auto dealers and loan originators continuing to offer a cash payment option to borrowers even as the “buy here, pay here” model goes by the wayside. Byrider issued its first asset-backed securitization this week and has plans to return.