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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | The annual interest rates associated with our commitments are as follows:
Commitment | Annual Interest Rate at September 30, 2025
New vehicle floor plan | 5.44%
Used vehicle floor plan | 5.74%
Service loaner floor plan | 5.54%
Revolving line of credit | 5.59%
Schedule of Long-Term Debt Instruments | Below is a summary of outstanding non-recourse notes payable issued:
($ in millions) | Balance as of September 30, 2025 | Initial Principal Amount | Issuance Date | Interest Rate Range | Final Distribution Date
LAD Auto Receivables Trust 2021-1 Class A-D | $14.6 | $344.4 | 11/24/21 | 3.99% to 3.99% | Various dates through Nov 2029
LAD Auto Receivables Trust 2022-1 Class A-C | 40.6 | 298.1 | 08/17/22 | 5.21% to 6.85% | Various dates through Apr 2030
LAD Auto Receivables Trust 2023-1 Class A-D | 92.5 | 479.7 | 02/14/23 | 5.48% to 7.30% | Various dates through Jun 2030
LAD Auto Receivables Trust 2023-2 Class A-D | 141.7 | 556.7 | 05/24/23 | 5.42% to 6.30% | Various dates through Feb 2031
LAD Auto Receivables Trust 2023-3 Class A-D | 135.6 | 415.4 | 08/23/23 | 5.95% to 6.92% | Various dates through Dec 2030
LAD Auto Receivables Trust 2023-4 Class A-D | 157.4 | 421.2 | 11/15/23 | 6.10% to 7.37% | Various dates through Apr 2031
LAD Auto Receivables Trust 2024-1 Class A-D | 144.1 | 329.4 | 02/14/24 | 5.17% to 6.15% | Various dates through Jun 2031
LAD Auto Receivables Trust 2024-2 Class A-D | 220.1 | $409.6 | 06/20/24 | 5.46% to 6.37% | Various dates through Oct 2031
LAD Auto Receivables Trust 2024-3 Class A-D | 388.1 | $614.9 | 11/15/24 | 4.52% to 5.18% | Various dates through Feb 2032
LAD Auto Receivables Trust 2025-1 Class A-D | $417.9 | $564.0 | 02/12/25 | 4.60% to 5.52% | Various dates through May 2032
LAD Auto Receivables Trust 2025-2 Class A-D | 493.1 | $531.3 | 08/13/25 | 4.25% to 5.01% | Various dates through Dec 2032
Total non-recourse notes payable | $2,245.7 | $4,964.7 |  |  |
Below is a summary of outstanding senior notes issued:
($ in millions) | Principal Amount | Earliest Redemption Date | % Redeemable on September 30, 2025 | Current Redemption Price | Maturity Date | Interest Payment Dates
4.625% Senior notes due 2027 | $400.0 | 12/15/22 | 100% | 101.156% | 12/15/27 | Jun 15, Dec 15
3.875% Senior notes due 2029 | 800.0 | 06/01/24 | 100% | 101.938% | 06/01/29 | Jun 1, Dec 1
5.500% Senior notes due 2030 | 600.0 | 10/01/27 | 40% | 105.500% | 10/01/30 | Apr 1, Oct 1
4.375% Senior notes due 2031 | 550.0 | 10/15/25 | 40% | 104.375% | 01/15/31 | Jan 15, Jul 15
Total senior notes | $2,350.0 |  |  |  |  |

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