Onyx Acceptance Corporation
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report: May 27, 2004
(Date of earliest event reported)

ONYX ACCEPTANCE CORPORATION

(Exact name of Registrant as specified in its charter)
         
Delaware
(State of Incorporation)		   28050
(Commission File No.) 		  33-0577635
(I.R.S. Employer Identification No.)
     
27051 Towne Centre Drive, Suite 100
Foothill Ranch, California
(Address of Principal Executive Offices)		   92610
(Zip Code)

Registrant’s Telephone Number, Including Area Code: (949) 465-3500

 

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Item 5. Other Events
Item 7. Exhibits
Signatures
EXHIBIT INDEX
EXHIBIT 99.1

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Item 5. Other Events

     On May 27, 2004 Onyx Acceptance Corporation issued a press release announcing its first cash dividend. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K, and the contents of the Exhibit are incorporated herein by reference.

Item 7. Exhibits

(c)    Exhibits  
 
     99.1 Press Release dated May 27, 2004

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Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

         
 
  
ONYX ACCEPTANCE CORPORATION
 
June 1, 2004
  
By:
 
/s/ Michael A. Krahelski
 
  
 
  
 
  
 
   Michael A. Krahelski,
Senior Vice President

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EXHIBIT INDEX

Exhibit
Number		     Description
   
 
99.1     Press Release dated May 27, 2004

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