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Auto Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Auto Loans Receivable
The components of auto loans receivable, net of unearned discounts and allowances for expected credit losses, at September 30, 2024, and December 31, 2023, are as follows:
September 30,
2024		December 31,
2023
Total auto loans receivable$941.8 $451.2 
Accrued interest and fees7.5 4.8 
Deferred loan origination costs3.5 1.6 
Less: unearned discounts(6.3)(8.9)
Less: allowances for expected credit losses(55.0)(46.3)
Auto loans receivable, net$891.5 $402.4 
Financing Receivable Credit Quality Indicators
The following tables present auto loans receivable as of September 30, 2024, and December 31, 2023, disaggregated by major credit program tier, in descending order of highest likelihood of repayment:
Fiscal Year of Origination
As of September 30, 2024
Weighted Average FICO Score
20242023202220212020Prior to 2020Total
Credit Program Tier(1):
Palladium
736$115.3 $— $— $— $— $— $115.3 
Rhodium
70095.4 19.0 0.1 — — — 114.5 
Platinum649370.2 98.8 10.3 5.6 1.8 1.3 488.0 
Gold61953.1 47.0 24.6 12.0 3.7 2.0 142.4 
Silver5830.2 35.9 21.3 9.6 2.5 0.8 70.3 
Bronze553— 4.7 0.4 3.5 0.8 — 9.4 
Copper561— 0.2 0.1 1.4 0.2 — 1.9 
Total auto loans receivable$634.2 $205.6 $56.8 $32.1 $9.0 $4.1 $941.8 
Current-period gross write-offs$3.3 $20.5 $11.7 $6.6 $1.8 $0.7 $44.6 
Fiscal Year of Origination
As of December 31, 2023
Weighted Average FICO Score
20232022202120202019Prior to 2019Total
Credit Program Tier(1):
Rhodium
701$27.6 $0.1 $— $— $— $— $27.7 
Platinum644136.3 14.7 8.2 3.3 3.1 0.5 166.1 
Gold61264.3 35.9 18.5 6.8 4.5 0.8 130.8 
Silver58350.2 33.0 16.2 5.2 2.8 0.3 107.7 
Bronze5566.7 0.7 6.0 1.5 0.1 — 15.0 
Copper5580.3 0.2 2.8 0.5 0.1 — 3.9 
Total auto loans receivable$285.4 $84.6 $51.7 $17.3 $10.6 $1.6 $451.2 
(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 nine months ended September 30, 2024 and 2023:
Nine Months Ended
September 30,
20242023
Balance as of beginning of year$46.3 $57.5 
Provision for credit losses34.0 36.0 
Write-offs(44.6)(50.7)
Recoveries(1)
19.3 21.2 
Sold loans
— (16.1)
Balance as of end of period
$55.0 $47.9 
(1) Includes proceeds from the recovery of vehicle collateral, net of costs incurred.
Financing Receivable, Past Due The following table presents past due auto loans receivable, as of September 30, 2024, and December 31, 2023:
Age Analysis of Past-Due Auto Loans Receivable as of
September 30,
2024		December 31,
2023
31-60 Days$23.7 $20.7 
61-90 Days5.9 5.4
Greater than 90 Days3.4 3.1
Total Past Due$33.0 $29.2 
Current908.8 422.0
Total$941.8 $451.2