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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                _________________

                                    Form 10-K
                                _________________


                                   (Mark One)
       [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                   For the fiscal year ended December 31, 2002

                                       or

    [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                       For the transition period from to .

                        Commission file number: 333-83626

                       Onyx Acceptance Owner Trust 2002-B
             (Exact name of Registrant as specified in its charter)

                               Delaware 33-0639768
                (State or other jurisdiction of (I.R.S. Employer
              incorporation or organization) Identification Number)

                      Onyx Acceptance Financial Corporation
                       27051 Towne Centre Drive, Suite 100
                            Foothill Ranch, CA 92610
               (Address of principal executive offices)(Zip code)

                                 (949) 465-3900
               (Registrant's telephone number including area code)

           Securities registered pursuant to Section 12(b) of the Act:
                                      None
           Securities registered pursuant to Section 12(g) of the Act:
                                      None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
  the preceding 12 months (or for such shorter period that the registrant was
    required to file such reports), and (2) has been subject to such filing
              requirements for the past 90 days. Yes [X] No [ ]

 Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
  of Regulation S-K is not contained herein, and will not be contained, to the
 best of registrant's knowledge, in definitive proxy or information statements
  incorporated by reference in Part III of this Form 10-K or any amendments to
                              this Form 10-K. [X]

                       DOCUMENTS INCORPORATED BY REFERENCE

   8-Ks described herein under Item 15(b) of this annual Report on Form 10-K.


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<PAGE>




                           ANNUAL REPORT ON FORM 10-K

                                TABLE OF CONTENTS

                                                                    Page
Item 1. Business.....................................................2
Item 2. Properties...................................................2
Item 3. Legal Proceedings............................................3
Item 4. Submission of Matters to a Vote of Security Holders..........3
Item 5. Market for Registrant's Common Equity and Related Stockholder
        Matters: Price Range of Common Stock.........................3
Item 6. Selected Financial Data......................................3
Item 7. Management's Discussion and Analysis of Financial Condition
        and Results of Operations....................................3
Item 7A.Quantitative and Qualitative Disclosures about Market Risk...3
Item 8. Financial Statements and Supplementary Data..................3
Item 9. Changes in and Disagreements with Accountants on Accounting
        and Financial Disclosure.....................................4
Item 10.Directors and Executive Officers of the Registrant...........4
Item 11.Executive Compensation.......................................4
Item 12.Security Ownership of Certain Beneficial Owners and
        Management 1
Item 13.Certain Relationships and Related Transactions...............4
Item 14.Controls and Procedures......................................4
Item 15.Exhibits and Reports on Form 8-K.............................5

<PAGE>

                                     PART I


Item 1.  Business

                  Omitted.

Item 2.  Properties

The property of the Trust  includes the Contracts  purchased by Onyx pursuant to
dealer agreements, from automobile dealerships with which Onyx has relationships
and, in general,  all payments  due under the  Contracts on or after the Cut-Off
Dates.  Immediately upon  acquisition,  the Contracts were sold by Onyx to Finco
pursuant to a second  Amended and Restated  Sale and Servicing  Agreement  dated
November 30, 2001 (the  "Purchase  Agreement").  The Contracts were then sold by
Finco to the Trust  pursuant to a Sale and  Servicing  Agreement  dated April 1,
2002. The property of the Trust also includes (i) certain documents  relating to
the  Contracts,  (ii)  certain  monies due under the  Contracts on and after the
Cut-Off Dates,  (iii) security  interests in the Financed Vehicles and the right
to receive  proceeds  from claims on certain  insurance  policies  covering  the
Financed  Vehicles or the obligor  under each related  Contract and the right to
proceeds under a certain blanket  insurance policy  maintained by Onyx, (iv) all
amounts on deposit in the collection account including all eligible  investments
credited thereto, (v) the benefits of an irrevocable  principle/interest  surety
bond  issued by MBIA  Insurance  Corporation,  (vi) the rights of Finco to cause
Onyx to repurchase certain contracts under certain circumstances,  and (vii) all
proceeds of the  foregoing.  The Contracts  were purchased by Onyx in the normal
course of  business in  accordance  with Onyx's  underwriting  standards,  which
emphasize  the  obligor's  ability to pay and  creditworthiness,  as well as the
asset value of the Financed Vehicle.

As of December 31, 2002, the pool consisted of the following number of Contracts
with the following delinquency characteristics:
<TABLE>

<S>                                                                                             <C>             <C>              <C>
                                                                                         Dollars(2)         Number     Percentage(1)

Contracts Outstanding.............................................................    $ 300,871,181           22,906
Delinquencies(3) 30 - 59 days.....................................................        2,725,192              241           0.91%
60+ days..........................................................................        2,320,358              212           0.77%

(1)      As a percent of dollar amount of contracts outstanding.
(2)      Delinquencies include principal amounts only.
(3)      The period of delinquency is based on the number of days payments are contractually past due.
</TABLE>


<PAGE>

Item 3.  Legal Proceedings
         None.

Item 4.  Submission of Matters to a Vote of Security Holders
         None.

                                     PART II

Item 5. Market for Registrant's Common Equity and Related  Stockholder  Matters:
        Price  Range of Common  Stock
        The  holder of record of all offered Notes as of March 28, 2003, was
        Cede & Co., the nominee of the Depository Trust Company. There is no
        established public trading market for the securities.

Item 6. Selected Financial Data
        Omitted.

Item 7. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations
        Omitted.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk
         Omitted.

Item 8.  Financial Statements and Supplementary Data
         Omitted.

Item  9.Changes  in and  Disagreements  with  Accountants  on  Accounting  and
        Financial Disclosure
         None.
<PAGE>

                                    PART III

Item 10. Directors and Executive Officers of the Registrant
         Omitted.

Item 11. Executive Compensation
         Omitted.

Item 12. Security Ownership of Certain Beneficial Owners and Management
         Omitted.

Item 13. Certain Relationships and Related Transactions
         Omitted.

Item 14. Controls and Procedures
         Omitted.



                                     PART IV

Item 15.  Exhibits and Reports on Form 8-K
(a)  The following documents are filed as part of this Report:

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                                    Exhibit
                               Number Description

99.1  Management's Assertion Concerning Compliance
      with USAP Minimum Servicing Standards

99.2  Report of Independent Accountants

99.3  Exhibit I - Specified Trusts Servicing Standards

b)  Reports on Form 8-K

The  following  reports on Form 8-K were filed on behalf of the Onyx  Acceptance
Owner Trust 2002-B during the last quarter of the period covered by this report.


o Form 8-K dated  October 31,  2002.  Item 5  providing  the  Distribution  Date
Statement for Distribution Date of October 15, 2002.
o Form 8-K dated  December  2, 2002.  Item 5  providing  the  Distribution  Date
Statement for Distribution Date of November 15, 2002.
o Form 8-K dated  December  24, 2002.  Item 5 providing  the  Distribution  Date
Statement for Distribution Date of December 15, 2002.

<PAGE>


                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant has duly caused this Annual Report on Form 10-K to
be signed on its behalf by the undersigned, thereunto duly authorized.

                  ONYX ACCEPTANCE OWNER TRUST 2002-B
                  By: ONYX ACCEPTANCE CORPORATION, as Servicer

                  By: /s/ DON DUFFY
                  Don Duffy
                  Chief Financial Officer

Dated: March 28, 2003

<PAGE>


                                  CERTIFICATION

I,  Don P.  Duffy,  Chief  Financial  Officer  of  Onyx  Acceptance  Corporation
("Onyx"), certify that:

1. I have reviewed this annual report on Form 10-K,  and all reports on Form 8-K
containing  distribution  or  servicing  reports  filed in  respect  of  periods
included in the year covered by this annual  report,  of Onyx  Acceptance  Owner
Trust 2002-B;

2. Based on my knowledge,  the  information in these reports,  taken as a whole,
does not  contain  any untrue  statement  of a material  fact or omit to state a
material  fact  necessary  to  make  the  statements   made,  in  light  of  the
circumstances  under which such  statements  were made, not misleading as of the
last day of the period covered by this annual report;

3. Based on my knowledge,  the servicing  information required to be provided to
the trustee by the servicer  under the sale and servicing  agreement is included
in these reports;

4. I am responsible for reviewing the activities performed by the servicer under
the sale and  servicing  agreement  and based upon my  knowledge  and the annual
compliance review required under the sale and servicing agreement, and except as
disclosed in the reports,  the servicer has fulfilled its obligations  under the
sale and servicing agreement; and

5. The reports disclosed all significant deficiencies relating to the servicer's
compliance with the minimum  servicing  standards based upon the report provided
by an independent  public  accountant,  after  conducting a review in compliance
with the terms of the Sale and Servicing Agreement.
Date:  March 28, 2003

/s/ Don P. Duffy
Don P. Duffy
Chief Financial Officer

<PAGE>


                                INDEX TO EXHIBITS

99.1  Management's Assertion Concerning Compliance
      with USAP Minimum Servicing Standards

99.2  Report of Independent Accountants

99.3  Exhibit I - Specified Trusts Servicing Standards


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