v3.25.1
Note 9 - Notes Payable - Schedule of Notes Payable at Face Value and Notes Payable to Related Parties (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Revolving credit facilities $ 2,169,220 $ 2,193,993
Amortizing debt facilities 5,412 5,455
Total notes payable before unamortized debt issuance costs and discounts 2,196,600 2,221,300
Unamortized debt issuance costs and discounts (22,000) (21,900)
Total notes payable outstanding, net 2,174,600 2,199,400
Other Secured Debt [Member]    
Amortizing debt facilities 5,400 5,500
Revolving Credit Facility Expiring December 1, 2026 [Member]    
Revolving credit facilities [1],[2],[3] 31,600 36,100
Revolving Credit Facility Expiring October 30, 2026 [Member]    
Revolving credit facilities [2],[3],[4],[5] 49,800 49,800
Revolving Credit Facility Expiring December 15, 2025 [Member]    
Revolving credit facilities [2],[3],[4],[5],[6] 0 0
Revolving Credit Facility Expiring July 20, 2026 [Member]    
Revolving credit facilities [2],[3],[4],[5] 66,800 74,600
Revolving Credit Facility Expiring April 7, 2028 [Member]    
Revolving credit facilities [2],[3],[4],[5] 12,500 14,500
Revolving Credit Facility Expiring July 15, 2027 [Member]    
Revolving credit facilities [2],[3],[4],[5] 49,700 50,000
Revolving Credit Facility Expiring December 15, 2026 [Member]    
Revolving credit facilities [2],[4],[5],[6] 300,000 300,000
Revolving Credit Facility Expiring May 15, 2026 [Member]    
Revolving credit facilities [2],[4],[5],[6] 233,300 283,300
Revolving Credit Facility, Sold May 2022, Expiring November 15, 2028 [Member]    
Revolving credit facilities [2],[3],[4],[5],[6] 325,000 325,000
Revolving Credit Facility Expiring August 5, 2026 [Member]    
Revolving credit facilities [2],[3],[4],[5],[6] 0 0
Revolving Credit Facility Expiring March 15, 2027 [Member]    
Revolving credit facilities [2],[4],[5],[6] 100,000 100,000
Revolving Credit Facility Expiring August 30, 2027 [Member]    
Revolving credit facilities [2],[3],[4],[5] 12,500 12,500
Revolving Credit Facility Expiring February 15, 2028 [Member]    
Revolving credit facilities [2],[4],[5],[6] 300,000 300,000
Revolving Credit Facility Expiring May 17, 2027 [Member]    
Revolving credit facilities [2],[4],[5],[6] 150,000 150,000
Revolving Credit Facility, Sold May 2024, Expiring November 15, 2028 [Member]    
Revolving credit facilities [2],[4],[5],[6] 250,000 250,000
First Revolving Credit Facility Sold July 2024 Expiring April 28, 2025 [Member]    
Revolving credit facilities [2],[3],[4],[5],[6] 0 140,000
Second Revolving Credit Facility Sold July 2024 Expiring April 28, 2025 [Member]    
Revolving credit facilities [2],[3],[5] 0  
Revolving Credit Facility Expiring January 16, 2029 [Member]    
Revolving credit facilities [2],[4],[5],[6] 100,000 $ 100,000
Revolving Credit Facility, Sold March 2025, Expiring September 15, 2028 [Member]    
Revolving credit facilities 200,000  
Revolving Credit Facility, Sold March 2025, Expiring September 15, 2027 [Member]    
Revolving credit facilities $ 10,000  
[1] Loan is subject to certain affirmative covenants, including a coverage ratio, a leverage ratio and a collateral performance test, the failure of which could result in required early repayment of all or a portion of the outstanding balance by our CAR Auto Finance operations.
[2] See below for additional information.
[3] These notes reflect modifications to either extend the maturity date, increase the loan amount or both, and are treated as accounting modifications.
[4] Loans are associated with VIEs. See Note 7, "Variable Interest Entities" for more information.
[5] Loans are subject to certain affirmative covenants tied to default rates and other performance metrics the failure of which could result in required early repayment of the remaining unamortized balances of the notes.
[6] Creditors do not have recourse against the general assets of the Company but only to the collateral within the VIEs.