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Auto Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Auto Loans Receivable
The components of auto loans receivable, net of third -party unearned discounts and allowances for expected credit losses, at March 31, 2025, and December 31, 2024, are as follows:
March 31,
2025		December 31,
2024
Total auto loans receivable$1,451.3 $1,103.8 
Accrued interest and fees9.6 8.2 
Deferred loan origination costs4.3 4.2 
Less: unearned discounts(0.6)(4.3)
Less: allowances for expected credit losses(66.9)(54.8)
Auto loans receivable, net$1,397.7 $1,057.1 
Financing Receivable Credit Quality Indicators
The following tables present auto loans receivable as of March 31, 2025, and December 31, 2024, disaggregated by major credit program tier, in descending order of highest likelihood of repayment:
Fiscal Year of Origination
As of March 31, 2025
Weighted Average FICO Score
20252024202320222021Prior to 2021Total
Credit Program Tier(1):
Palladium
734$164.9 $174.6 $— $— $— $— $339.5 
Rhodium
70185.7 134.8 15.2 0.1 — — 235.8 
Platinum652183.7 485.4 74.6 1.5 3.4 0.9 749.5 
Gold6249.3 60.3 22.3 0.9 6.1 1.3 100.2 
Silver5740.2 0.2 12.0 1.0 4.3 0.9 18.6 
Bronze5490.1 0.1 3.7 0.2 2.2 0.4 6.7 
Copper562— — 0.1 — 0.8 0.1 1.0 
Total auto loans receivable$443.9 $855.4 $127.9 $3.7 $16.8 $3.6 $1,451.3 
Current-period gross write-offs$0.1 $8.5 $4.5 $0.4 $1.0 $0.2 $14.7 
Fiscal Year of Origination
As of December 31, 2024
Weighted Average FICO Score
20242023202220212020
Prior to 2020
Total
Credit Program Tier(1):
Palladium
734$194.0 $— $— $— $— $— $194.0 
Rhodium
702147.6 16.9 0.1 — — — 164.6 
Platinum651525.1 82.3 1.7 4.0 1.0 0.1 614.2 
Gold62364.9 25.0 1.3 7.3 1.6 0.1 100.2 
Silver5740.3 13.4 1.2 5.4 1.2 0.1 21.6 
Bronze5510.1 4.0 0.2 2.8 0.6 — 7.7 
Copper562— 0.2 — 1.1 0.2 — 1.5 
Total auto loans receivable$932.0 $141.8 $4.5 $20.6 $4.6 $0.3 $1,103.8 
(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 three months ended March 31, 2025:
Three Months Ended March 31,
20252024
Balance as of beginning of year$54.8 $46.3 
Provision for credit losses19.2 10.2 
Write-offs(14.7)(14.0)
Recoveries(1)
7.6 5.6 
Balance as of end of period
$66.9 $48.1 
(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 March 31, 2025, and December 31, 2024:
Age Analysis of Past-Due Auto Loans Receivable as of
March 31,
2025		December 31,
2024
31-60 Days$21.3 $20.6 
61-90 Days5.1 5.5
Greater than 90 Days2.5 2.7
Total Past Due$28.9 $28.8 
Current1,422.4 1,075.0 
Total$1,451.3 $1,103.8