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Leases (Tables) | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Schedule of Lease Cost and Activity | The Company's lease costs and activity during the three and nine months ended September 30, 2025 and 2024 were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions)
Lease costs: |  |  |  |  |  |  |
Finance leases: |  |  |  |  |  |  |
Amortization of finance lease assets | $ | 24 |  |  | $ | 21 |  |  | $ | 70 |  |  | $ | 72 |
Interest obligations under finance leases | 2 |  |  | 3 |  |  | 7 |  |  | 10 |
Total finance lease costs | $ | 26 |  |  | $ | 24 |  |  | $ | 77 |  |  | $ | 82 |
Operating leases: |  |  |  |  |  |  |
Fixed lease costs to non-related parties | $ | 15 |  |  | $ | 15 |  |  | $ | 47 |  |  | $ | 45 |
Fixed lease costs to related parties | — |  |  | 1 |  |  | 2 |  |  | 3 |
Total operating lease costs | $ | 15 |  |  | $ | 16 |  |  | $ | 49 |  |  | $ | 48 |
Cash payments related to lease liabilities included in operating cash flows: |  |  |  |  |  |  |
Operating lease liabilities to non-related parties |  |  |  |  | $ | 74 |  |  | $ | 69 |
Operating lease liabilities to related parties |  |  |  |  | $ | 2 |  |  | $ | 3 |
Interest payments on finance lease liabilities |  |  |  |  | $ | 7 |  |  | $ | 10 |
Cash payments related to lease liabilities included in financing cash flows: |  |  |  |  |  |  |
Principal payments on finance lease liabilities |  |  |  |  | $ | 69 |  |  | $ | 61 |
Schedule of Finance Lease, Maturity | The following table summarizes maturities of lease liabilities as of September 30, 2025:
|  |  | Operating Leases (1) |  |
| Finance Leases |  | Related Party (2) |  | Non-Related Party |  | Total Operating |  | Total
| (in millions)
Remainder of 2025 | $ | 22 |  |  | $ | 1 |  |  | $ | 25 |  |  | $ | 26 |  |  | $ | 48 |
2026 | 79 |  |  | 2 |  |  | 103 |  |  | 105 |  |  | 184 |
2027 | 43 |  |  | 2 |  |  | 96 |  |  | 98 |  |  | 141 |
2028 | 16 |  |  | 2 |  |  | 88 |  |  | 90 |  |  | 106 |
2029 | 9 |  |  | 1 |  |  | 69 |  |  | 70 |  |  | 79 |
Thereafter | 5 |  |  | — |  |  | 223 |  |  | 223 |  |  | 228 |
Total minimum lease payments | 174 |  |  | 8 |  |  | 604 |  |  | 612 |  |  | 786 |
Less: amount representing interest | (14) |  |  | (1) |  |  | (136) |  |  | (137) |  |  | (151) |
Total lease liabilities | $ | 160 |  |  | $ | 7 |  |  | $ | 468 |  |  | $ | 475 |  |  | $ | 635 |
(1) Leases that are on a month-to-month basis, short-term leases, and lease extensions that the Company does not expect to exercise are not included. (2) Related party lease payments exclude rent payments due under the DriveTime lease agreements for locations where the Company shares space with DriveTime, as those are variable lease payments contingent upon the Company's utilization of the leased assets.
Schedule of Operating Lease, Maturity | The following table summarizes maturities of lease liabilities as of September 30, 2025:
|  |  | Operating Leases (1) |  |
| Finance Leases |  | Related Party (2) |  | Non-Related Party |  | Total Operating |  | Total
| (in millions)
Remainder of 2025 | $ | 22 |  |  | $ | 1 |  |  | $ | 25 |  |  | $ | 26 |  |  | $ | 48 |
2026 | 79 |  |  | 2 |  |  | 103 |  |  | 105 |  |  | 184 |
2027 | 43 |  |  | 2 |  |  | 96 |  |  | 98 |  |  | 141 |
2028 | 16 |  |  | 2 |  |  | 88 |  |  | 90 |  |  | 106 |
2029 | 9 |  |  | 1 |  |  | 69 |  |  | 70 |  |  | 79 |
Thereafter | 5 |  |  | — |  |  | 223 |  |  | 223 |  |  | 228 |
Total minimum lease payments | 174 |  |  | 8 |  |  | 604 |  |  | 612 |  |  | 786 |
Less: amount representing interest | (14) |  |  | (1) |  |  | (136) |  |  | (137) |  |  | (151) |
Total lease liabilities | $ | 160 |  |  | $ | 7 |  |  | $ | 468 |  |  | $ | 475 |  |  | $ | 635 |
(1) Leases that are on a month-to-month basis, short-term leases, and lease extensions that the Company does not expect to exercise are not included. (2) Related party lease payments exclude rent payments due under the DriveTime lease agreements for locations where the Company shares space with DriveTime, as those are variable lease payments contingent upon the Company's utilization of the leased assets.
Schedule of Weighted-Average Remaining Lease Terms and Discount Rates | The weighted-average remaining lease terms and discount rates as of September 30, 2025 and 2024 were as follows, excluding short-term operating leases:
| As of September 30,
| 2025 |  | 2024
Weighted-average remaining lease terms (years) |  |  |
Operating leases | 7.0 |  | 7.4
Finance leases | 2.7 |  | 2.8
Weighted-average discount rate |  |  |
Operating leases | 7.4 | % |  | 7.3 | %
Finance leases | 6.2 | % |  | 5.9 | %

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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