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Auto Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Auto Loans Receivable
The components of auto loans receivable, net of unearned discounts and allowances for expected credit losses, at December 31, 2022 are as follows:
2022
Total auto loans receivable$377.0 
Accrued interest and fees4.4 
Deferred loan origination costs0.5 
Less: unearned discounts(21.3)
Less: allowances for expected credit losses(57.5)
Auto loans receivable, net$303.1 
Financing Receivable Credit Quality Indicators
The following table presents auto loans receivable, as of December 31, 2022, disaggregated by major credit program tier:
Fiscal Year of Origination (1)
20222021202020192018Prior to 2018Total
Credit Program Tier:
Platinum$21.9 $12.9 $6.4 $7.4 $2.2 $0.2 $51.0 
Gold53.7 30.0 12.9 10.6 3.2 0.4 110.8 
Silver61.9 29.8 10.4 8.0 1.9 0.1 112.1 
Bronze41.4 17.1 7.4 3.7 1.0 0.1 70.7 
Copper19.2 8.0 2.6 1.8 0.7 0.1 32.4 
Total auto loans receivable$198.1 $97.8 $39.7 $31.5 $9.0 $0.9 $377.0 
Current-period gross write-offs$5.3 $5.9 $1.4 $1.1 $0.2 $— $13.9 

(1)    Classified based on credit grade assigned when customer was initially approved for financing.
Financing Receivable, Allowance for Credit Loss
The following is a rollforward of our allowance for expected credit losses for auto loans receivable for the year ended December 31, 2022:
2022
Balance as of beginning of year$— 
Provision for credit losses(1)
43.8 
Initial allowance for purchased credit-deteriorated loans
21.7 
Write-offs(13.9)
Recoveries(2)
5.9 
Balance as of end of year$57.5 
(1) Includes initial credit loss expense of $34.2 million associated with the auto loan portfolio acquired in the acquisition of CIG Financial on October 1, 2022.
(2) Net of costs incurred to recover vehicle collateral.
Purchased Financial Assets With Credit Deterioration The following is a reconciliation of the difference between the purchase price of the financial assets and the par value of the assets on the acquisition date:
Purchase price of PCD loans at acquisition$103.2 
Initial allowance for credit losses of PCD loans at acquisition21.7 
Noncredit premium of PCD loans at acquisition(3.0)
Par value of acquired PCD loans at acquisition$121.9 
Financing Receivable, Past Due The following table presents past due auto loans receivable, as of December 31, 2022:
Age Analysis of Past-Due Financial Assets as of December 31, 2022
31-60 Days61-90 DaysGreater than 90 DaysTotal Past DueCurrentTotal
Auto loans receivable$13.0 $4.1 $2.6 $19.7 $357.3 $377.0