v3.25.2
Leased Vehicles
6 Months Ended
Jun. 30, 2025
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]  
Leased Vehicles Leased Vehicles
June 30, 2025December 31, 2024
Leased vehicles(a)
$39,758 $38,187 
Less: accumulated depreciation(6,562)(6,601)
Leased vehicles, net$33,196 $31,586 
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(a)    Net of vehicle acquisition costs, less manufacturer incentives and investment tax credits.
Depreciation expense related to leased vehicles, net was $1.2 billion for both the three months ended June 30, 2025 and 2024, and $2.4 billion for both the six months ended June 30, 2025 and 2024.
The following table summarizes minimum rental payments due to us as lessor under operating leases at June 30, 2025:
Years Ending December 31,
20252026202720282029ThereafterTotal
Lease payments under operating leases
$2,926 $4,566 $2,375 $526 $33 $— $10,426