UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

~~CURRENT~~Current ~~REPORT~~Report ~~PURSUANT~~ Pursuant

TOto ~~SECTION~~Section 13 ORor 15(Dd) OFof ~~THE~~the

~~SECURITIES~~Securities ~~EXCHANGE~~Exchange ~~ACT~~Act OFof 1934

Date of Report (Date of Earliest Event Reported) February 14, 2005

~~ONYX~~Onyx ~~ACCEPTANCE~~Acceptance ~~FINANCIAL~~Financial ~~CORPORATION~~Corporation

Onyx Acceptance Owner Trust 2005-A

(Exact Name of Registrant as Specified in its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

333-113136		33-0629768
(Commission File Number)		(IRS Employer Identification No.)
333-113136-03		51-6564376
(Commission File Numbers)		(Registrants’ I.R.S. Employer Identification Nos.)

27051 Towne Centre Drive, Suite 200


27051 Towne Centre Drive, Suite 200
Foothill Ranch, California		92610
*(Address of Principal Executive Offices)*		*(Zip Code)*

Foothill Ranch, California 92610

(Address of Principal Executive Offices) (Zip Code)

(949) 465-3500

(Registrant’s Telephone Number, Including Area Code)

~~N/A~~Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ~~(see General Instruction A.2. below)~~:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 18.01. ~~Entry~~Other ~~into a Material Definitive Agreement~~ Events.

~~Reference~~Attached ishereto ~~made~~as toExhibit 99.1 are the ~~Registrant’s~~“Computational ~~Registration~~Materials” ~~Statement~~(as ondefined ~~Form S-3~~in ~~(File~~the No~~. 333~~-~~113136)~~Action ~~filed~~Letter ~~with~~dated ~~the~~May 20, 1994 issued by the Securities and Exchange Commission (the “Commission”) onto ~~February~~Kidder, 27Peabody Acceptance Corporation I, ~~2004~~Kidder, ~~and~~Peabody ~~Amendment~~& NoCo. 1Incorporated, ~~thereto~~and ~~filed~~Kidder ~~with~~Structured ~~the~~Asset ~~Commission~~Corporation, onas ~~March~~made ~~29,~~applicable ~~2004~~to ~~(as~~other ~~amended,~~issuers ~~the~~and ~~“Registration~~underwriters ~~Statement”),~~by the ~~pursuant~~Commission in response to ~~which~~the request of the ~~Registrant~~Public ~~registered~~Securities ~~$2,500,000,000~~Association ~~aggregate~~dated ~~principal~~May ~~amount~~24, of1994 ~~its~~(the ~~asset~~“Kidder ~~backed~~Letter”)), ~~notes~~prepared and ~~asset~~provided ~~backed~~to ~~certificates~~Onyx Acceptance Financial Corporation (the “~~Securities~~Seller”), ~~issuable~~by inCredit ~~various~~Suisse ~~series~~First Boston LLC (“CSFB”) and Merrill Lynch, ~~for~~Pierce, ~~sale~~Fenner in& ~~accordance~~Smith ~~with~~Incorporated ~~the~~(“Merrill”) ~~provisions~~that ofare ~~the Securities~~required ~~Act~~to ofbe ~~1933,~~filed aspursuant ~~amended~~to the Kidder Letter.

OnIn ~~February~~connection ~~14,~~ with the offering of the Onyx Acceptance Owner Trust 2005-A notes, the ~~Registrant~~Intex ~~received~~model anattached ~~opinion~~hereto ~~from~~(the ~~Mayer,~~“Intex ~~Brown,~~Model”) ~~Rowe~~has &been provided ~~Maw~~by ~~LLP~~CSFB and Merrill, as torepresentatives of the ~~legality~~several underwriters of the ~~Securities~~notes. ~~issued~~The ~~under~~Intex Model allows prospective investors to generate hypothetical performance data with respect to the ~~Registration~~notes ~~Statement~~based (on assumptions chosen by them regarding certain characteristics of the ~~“Legality~~related ~~Opinion”)~~receivables. AAlthough ~~copy~~the Seller provided CSFB and Merrill with certain information regarding the characteristics of the ~~Legality~~receivables ~~Opinion~~in isthe ~~filed~~related ~~with~~portfolio, ~~this~~the ~~Form~~Seller did not participate in the preparation ~~8-K~~of asthe ~~Exhibit~~Intex 5Model.1.

OnAccess ~~February 14, 2005, the Registrant received an opinion from Mayer, Brown, Rowe & Maw LLP as~~ to the ~~accuracy~~Intex ofModel ~~certain~~can ~~statements~~be ~~pertaining~~obtained by tocontacting ~~tax matters contained in~~ the ~~Registration~~CSFB ~~Statement~~trading ~~(the~~desk ~~“Tax~~at ~~Opinion”~~(212). A325-8549 ~~copy~~or of the ~~Tax~~Merrill ~~Opinion~~trading isdesk ~~filed~~at ~~with this~~(212) ~~Form 8~~449-~~K as Exhibit 8~~3660.1.

Item 9.01. Financial Statements and Exhibits .

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits.

Exhibit 5.1		Opinion of Mayer, Brown, Rowe & Maw LLP as the legality of notes and certificates issued pursuant to theRegistration Statement.
ExhibitNo.		Document Description
Exhibit 8.1		Opinion of Mayer, Brown, Rowe & Maw LLP as to certain tax matters.
99.1		Intex Model

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the ~~registrant~~Registrant, ~~has~~Onyx Acceptance Financial Corporation, and the Co-Registrant, Onyx Acceptance Owner Trust 2005-A, have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ONYX ACCEPTANCE FINANCIAL CORPORATION (Registrant) By /S/ ALBERT A. CIAFRE Name: Albert A. Ciafre Title: Assistant Vice President


February 15, 2005	ONYX ACCEPTANCE FINANCIAL CORPORATION

	By:	/s/ Jerry Hamstead
	Name:	Jerry Hamstead
	Title:	Assistant Vice President

Dated: February 11, 2005


February 15, 2005	ONYX ACCEPTANCE FINANCIAL CORPORATION, as the Depositor of Onyx Acceptance Owner Trust 2005-A

	By:	/s/ Albert A. Ciafre
	Name:	Albert A. Ciafre
	Title:	Assistant Vice President

S-1

Filing Compare · ONYX ACCEPTANCE FINANCIAL CORP