FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * MEYERS THOMAS C   2. Issuer Name and Ticker or Trading Symbol ONYX ACCEPTANCE CORP [ONYX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 27051 TOWNE CENTRE DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 01/11/2005 (Street) FOOTHILLS RANCH, CA 92610 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/11/2005   X(2)   7,000 A $ 5.06 11,000 D   Common Stock 01/11/2005   X(2)   7,000 A $ 3.76 18,000 D   Common Stock 01/11/2005   X(2)   5,000 A $ 11.75 23,000 D   Common Stock 01/11/2005   X(2)   7,000 A $ 4.75 30,000 D   Common Stock 01/11/2005   X(2)   7,000 A $ 4.25 37,000 D   Common Stock 01/11/2005   X(2)   10,000 A $ 10.5 47,000 D   Common Stock 01/11/2005   X(2)   7,000 A $ 7.88 54,000 D   Common Stock 01/11/2005   D(1)   54,000 D $ 28 0 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (right to purchase)	$ 5.06	01/11/2005		X(2)			7,000	(2)	05/29/2013	Common Stock	7,000	$ 0	0	D
Stock Options (right to purchase)	$ 3.76	01/11/2005		X(2)			7,000	(2)	06/19/2012	Common Stock	7,000	$ 0	0	D
Stock Options (right to purchase)	$ 11.75	01/11/2005		X(2)			5,000	(2)	01/02/2014	Common Stock	5,000	$ 0	0	D
Stock Options (right to purchase)	$ 4.75	01/11/2005		X(2)			7,000	(2)	05/31/2011	Common Stock	7,000	$ 0	0	D
Stock Options (right to purchase)	$ 4.25	01/11/2005		X(2)			7,000	(2)	05/31/2010	Common Stock	7,000	$ 0	0	D
Stock Options (right to purchase)	$ 10.5	01/11/2005		X(2)			10,000	(2)	05/22/2008	Common Stock	10,000	$ 0	0	D
Stock Options (right to purchase)	$ 7.88	01/11/2005		X(2)			7,000	(2)	05/27/2009	Common Stock	7,000	$ 0	0	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MEYERS THOMAS C 27051 TOWNE CENTRE DRIVE FOOTHILLS RANCH, CA 92610	X

Signatures

C. THOMAS MEYERS by DON P. DUFFY, ATTORNEY-IN-FACT		01/13/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The shares of common stock were disposed of pursuant to the Agreement and Plan of Merger by and among Capital One Auto Finance, Inc., Foothill Services Corporation and Onyx Acceptance Corporation, dated as of September 20, 2004, in exchange for cash equal to $28.00 per share.
(2)	The options, to the extent not already vested, were deemed vested and exercisable immediately prior to the effectiveness of the merger of Foothill Services Corporation with and into Onyx Acceptance Corporation (the "Effective Time"). The options were deemed exercised immediately prior to the Effective Time.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.