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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Floor plan notes payable consisted of the following as of December 31:
($ in millions) | 2024 |  | 2023
Vehicle floor plan notes payable (trade) | $ | 73.5 |  |  | $ | 101.9 |
Vehicle floor plan notes payable (non-trade)(1) | 136.4 |  |  | 189.4 |
Total floor plan debt | $ | 209.9 |  |  | $ | 291.3 |
(1) Balance at December 31, 2023 included borrowings under a floor plan line for pre-owned inventory with J. P. Morgan that was paid off on October 23, 2024 and discharged on November 15, 2024. Balance as of December 31, 2024 included a related-party pre-owned inventory floor plan line (see Note 15). Long-term debt consisted of the following as of December 31:
($ in millions) | 2024 |  | 2023
Term Loan Credit Agreement due August 2026(1) | $ | 227.1 |  |  | $ | 248.7 |
6.75% convertible senior notes due January 2025(2) | 38.8 |  |  | 38.8 |
RumbleOn Finance line of credit(3) | — |  |  | 12.2 |
Notes payable for fleet vehicles and other(4) | 1.5 |  |  | 2.1 |
Total principal amount | 267.4 |  |  | 301.8 |
Less: Unamortized discount and debt issuance costs | (16.3) |  |  | (27.5) |
Total debt | 251.1 |  |  | 274.3 |
Less: Current portion of long-term debt | (39.1) |  |  | (35.6) |
Long-term debt | $ | 212.0 |  |  | $ | 238.7 |
(1) Interest payments are required quarterly. Fair value as of December 31, 2024 was $243.8 million. (2) This debt was fully repaid on January 2, 2025. Fair value at December 31, 2024 was $40.0 million, which is essentially principal plus accrued interest. (3) This debt was fully repaid on January 2, 2024. Interest rate at December 31, 2023 was 12.8%. (4) Carrying value approximates fair value due to the nature of this debt.
Schedule of Maturities of Long-term Debt | As of December 31, 2024, principal payments on our long-term debt were due as follows ($ in millions):
Year |  | Amount
2025 |  | $ | 39.1 |
2026 |  | 227.6 |
2027 |  | 0.4 |
2028 |  | 0.3 |
Total debt payments |  | $ | 267.4 |

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