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Warehouse Credit Facilities of Consolidated VIEs (Tables) | 6 Months Ended
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Jun. 30, 2023
Line of Credit Facility [Abstract] |
Schedule of Terms of the Warehouse Credit Facilities | UACC has four senior secured warehouse facility agreements (the “Warehouse Credit Facilities”) with banking institutions as of June 30, 2023. The Warehouse Credit Facilities are collateralized by eligible finance receivables and available borrowings are computed based on a percentage of eligible finance receivables. As of June 30, 2023 and December 31, 2022, the Company had excess borrowing capacity of $93.0 million and $105.8 million on UACC's Warehouse Credit Facilities, respectively. The terms of the Warehouse Credit Facilities include the following:
|  | Facility One |  |  | Facility Two |  |  | Facility Three |  |  | Facility Four |
Execution date |  | May 30, 2012 |  |  | November 19, 2013 |  |  | July 11, 2019 |  |  | November 18, 2022 |
Maturity date |  | July 20, 2024 |  |  | June 2, 2025 |  |  | May 24, 2024 |  |  | December 12, 2024 |
Aggregate borrowings limit (in thousands) |  | $ | 200,000 |  |  | $ | 200,000 |  |  | $ | 200,000 |  |  | $ | 250,000 |
As of June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Aggregate principal balance of finance receivables pledged as collateral (in thousands) |  | $ | 137,062 |  |  | $ | 24,516 |  |  | $ | 95,058 |  |  | $ | — |
Outstanding balance (in thousands) |  | $ | 87,100 |  |  | $ | 18,735 |  |  | $ | 74,000 |  |  | $ | — |
Restricted cash (in thousands) |  | $ | 4,805 |  |  | $ | 1,291 |  |  | $ | 4,047 |  |  | $ | — |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Aggregate principal balance of finance receivables pledged as collateral (in thousands) |  | $ | 143,919 |  |  | $ | 142,503 |  |  | $ | 126,636 |  |  | $ | — |
Outstanding balance (in thousands) |  | $ | 110,602 |  |  | $ | 19,615 |  |  | $ | 101,435 |  |  | $ | — |
Restricted cash (in thousands) |  | $ | 8,110 |  |  | $ | 2,007 |  |  | $ | 5,537 |  |  | $ | — |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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