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v3.22.1

Long Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt Instruments | Debt instruments, excluding vehicle floorplan facilities, which are discussed in Note 10 — Vehicle Floorplan Facilities, and warehouse credit facilities of consolidated VIEs, which are discussed in Note 11 — Warehouse Credit Facilities of Consolidated VIEs, consisted of the following (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Current portion of securitization debt of consolidated VIEs |  | $ | 138,935 |  |  | $ | — |
Convertible senior notes |  |  | 611,424 |  |  |  | 610,618 |
Securitization debt of consolidated VIEs, net of current portion |  |  | 65,692 |  |  |  | — |
Junior subordinated debentures |  |  | 10,310 |  |  |  | — |
Long term debt, net of current portion |  | $ | 687,426 |  |  | $ | 610,618 |
Total debt |  | $ | 826,361 |  |  | $ | 610,618 |
Schedule of Securitization Debt of Consolidated VIEs | The debt issued is included in "Long Term Debt" on the consolidated balance sheet. The securitization debt of consolidated VIEs consisted of the following (in thousands):
As of March 31, 2022 |
Series |  | Final Scheduled Payment Date |  | Initial Principal |  |  | Contractual Interest Rate |  | Outstanding Principal |  |  | Fair Value |
United Auto Credit 2020-1-C |  | February 10, 2025 |  | $ | 32,780 |  |  | 2.15 | % | $ | 10,748 |  |  | $ | 10,750 |
United Auto Credit 2020-1-D |  | February 10, 2025 |  |  | 31,450 |  |  | 2.88 | % |  | 31,450 |  |  |  | 31,532 |
United Auto Credit 2020-1-E |  | February 10, 2025 |  |  | 18,730 |  |  | 5.19 | % |  | 18,730 |  |  |  | 18,897 |
United Auto Credit 2020-1-F |  | January 12, 2026 |  |  | 7,360 |  |  | 9.08 | % |  | 7,360 |  |  |  | 7,389 |
United Auto Credit 2021-1-A |  | July 10, 2023 |  |  | 122,070 |  |  | 0.34 | % |  | 11,433 |  |  |  | 11,422 |
United Auto Credit 2021-1-B |  | March 11, 2024 |  |  | 33,540 |  |  | 0.68 | % |  | 33,540 |  |  |  | 33,382 |
United Auto Credit 2021-1-C |  | June 10, 2026 |  |  | 29,640 |  |  | 0.84 | % |  | 29,640 |  |  |  | 29,228 |
United Auto Credit 2021-1-D |  | June 10, 2026 |  |  | 29,380 |  |  | 1.14 | % |  | 29,380 |  |  |  | 28,560 |
United Auto Credit 2021-1-E |  | June 10, 2026 |  |  | 20,800 |  |  | 2.58 | % |  | 20,800 |  |  |  | 19,962 |
United Auto Credit 2021-1-F |  | September 10, 2027 |  |  | 13,910 |  |  | 4.30 | % |  | 13,910 |  |  |  | 13,505 |
|  |  |  | $ | 339,660 |  |  |  |  | $ | 206,991 |  |  | $ | 204,627 |
Schedule of Aggregate Principal Balance and Fair Value of Finance Receivables Pledged to Securitization Debt | The aggregate principal balance and the fair value of finance receivables pledged to the securitization debt consists of the following (in thousands):
|  | As of March 31, 2022 |
|  | Aggregate Principal Balance |  |  | Fair Value |
United Auto Credit 2020-1 |  | $ | 76,086 |  |  | $ | 62,338 |
United Auto Credit 2021-1 |  |  | 142,157 |  |  |  | 127,131 |
Total finance receivables of CFEs |  | $ | 218,243 |  |  | $ | 189,469 |

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