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FLOORPLAN NOTES PAYABLE - Narrative (Details) | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2022 USD ($) | Mar. 09, 2022 USD ($) tranche institution | Dec. 31, 2021 USD ($)
Revolving Credit Facility |  |  |
Line of Credit Facility |  |  |
Debt issuance costs | $ 3,400,000 |  |
Unamortized discount | 5,300,000 |  | $ 2,600,000
Line of credit |  |  |
Line of Credit Facility |  |  |
Outstanding letters of credit | $ 12,600,000 |  | $ 12,600,000
Line of credit | Revolving Credit Facility |  |  |
Line of Credit Facility |  |  |
Participating financial institutions (institution) | institution |  | 21 |
Line of credit facility, maximum borrowing capacity |  | $ 2,000,000,000 |
Line of credit facility, potential maximum borrowing capacity |  | $ 2,400,000,000 |
Number 0f tranches (tranche) | tranche |  | 2 |
Line of credit | Floorplan Line |  |  |
Line of Credit Facility |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 1,500,000,000 |
Weighted average interest rate (as a percentage) | 2.81% |  |
Commitment fee (as a percentage) | 0.15% |  |
Line of credit | Acquisition Line |  |  |
Line of Credit Facility |  |  |
Line of credit facility, maximum borrowing capacity |  | 500,000,000 |
Minimum borrowing capacity | $ 50,000,000 | 50,000,000 |
Sub-limit for letters of credit |  | $ 100,000,000 |
Line of credit | Acquisition Line | Minimum |  |  |
Line of Credit Facility |  |  |
Commitment fee (as a percentage) | 0.15% |  |
Line of credit | Acquisition Line | Maximum |  |  |
Line of Credit Facility |  |  |
Commitment fee (as a percentage) | 0.40% |  |
Line of credit | Acquisition Line | SOFR equivalent plus | Minimum |  |  |
Line of Credit Facility |  |  |
Basis spread on variable rate (as a percentage) | 1.10% |  |
Line of credit | Acquisition Line | SOFR equivalent plus | Maximum |  |  |
Line of Credit Facility |  |  |
Basis spread on variable rate (as a percentage) | 2.10% |  |
Line of credit | New Vehicles | SOFR equivalent plus |  |  |
Line of Credit Facility |  |  |
Basis spread on variable rate (as a percentage) | 1.20% |  |
Line of credit | Used Vehicles | SOFR equivalent plus |  |  |
Line of Credit Facility |  |  |
Basis spread on variable rate (as a percentage) | 1.50% |  |
Line of credit | Other Credit Facilities |  |  |
Line of Credit Facility |  |  |
Outstanding balance | $ 185,300,000 |  |
Line of credit | FMCC Facility |  |  |
Line of Credit Facility |  |  |
Line of credit facility, maximum borrowing capacity | $ 300,000,000 |  |
Interest rate (as a percentage) | 4.75% |  |
Line of credit | FMCC Facility | Prime Floor |  |  |
Line of Credit Facility |  |  |
Basis spread on variable rate (as a percentage) | 1.50% |  |
Interest rate (as a percentage) | 4.00% |  |
Line of credit | Rental Vehicles Financed through Credit Facility |  |  |
Line of Credit Facility |  |  |
Outstanding balance | $ 100,000,000 |  |
Line of credit | Rental Vehicles Financed through Credit Facility | Minimum |  |  |
Line of Credit Facility |  |  |
Interest rate (as a percentage) | 1.00% |  |
Line of credit | Rental Vehicles Financed through Credit Facility | Maximum |  |  |
Line of Credit Facility |  |  |
Interest rate (as a percentage) | 5.00% |  |
Line of credit | UK Credit Facilities |  |  |
Line of Credit Facility |  |  |
Outstanding balance | $ 85,300,000 |  |
Line of credit | UK Credit Facilities | Minimum |  |  |
Line of Credit Facility |  |  |
Interest rate (as a percentage) | 2.00% |  |
Line of credit | UK Credit Facilities | Maximum |  |  |
Line of Credit Facility |  |  |
Interest rate (as a percentage) | 5.00% |  |

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