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Finance Receivables (Tables)
 6 Months Ended
Sep. 30, 2012
Receivables [Abstract]  
Schedule of finance receivables consisting of automobile finance installment contracts and direct loans

Finance receivables consist of automobile finance installment Contracts and Direct Loans and are detailed as follows:

September 30, March 31,
2012 2012

Finance receivables, gross contract

 $ 396,859,826 $ 388,988,355

Unearned interest

 (113,155,760 ) (110,651,966 )

Finance receivables, net of unearned interest

 283,704,066 278,336,389

Allowance for credit losses

 (34,631,762 ) (35,987,868 )

Finance receivables, net

 $ 249,072,304 $ 242,348,521

Schedule of reconciliation of the changes in the allowance for credit losses on Contracts

The following table sets forth a reconciliation of the changes in the allowance for credit losses on Contracts:

Three months ended
September 30,		 Six months ended
September 30,
2012 2011 2012 2011

Balance at beginning of period

 $ 35,645,655 $ 36,534,432 $ 35,495,684 $ 35,895,449

Discounts acquired on new volume

 2,843,382 2,966,280 5,944,320 6,076,091

Current period provision

 293,618 109,516 214,400 108,708

Losses absorbed

 (5,295,524 ) (3,777,929 ) (8,955,368 ) (6,794,563 )

Recoveries

 763,687 542,240 1,552,303 1,105,108

Discounts accreted

 (150,157 ) (17,873 ) (150,678 ) (34,127 )

Balance at end of period

 $ 34,100,661 $ 36,356,666 $ 34,100,661 $ 36,356,666

Schedule of reconciliation of the changes in the allowance for credit losses on contracts

The following table sets forth a reconciliation of the changes in the allowance for credit losses on Direct Loans:

Three months ended
September 30,		 Six months ended
September 30,
2012 2011 2012 2011

Balance at beginning of period

 $ 561,803 $ 447,271 $ 492,184 $ 378,418

Current period provision

 14,723 68,513 104,313 148,736

Losses absorbed

 (49,103 ) (32,648 ) (74,195 ) (51,094 )

Recoveries

 3,678 6,842 8,799 13,918

Balance at end of period

 $ 531,101 $ 489,978 $ 531,101 $ 489,978

Schedule of the credit quality by creditworthiness

The following table is an assessment of the credit quality by creditworthiness. A performing account is defined as an account that is less than 61 days past due. A non-performing account is defined as an account that is contractually delinquent for 61 days or more and the accrual of interest income is suspended. When an account is 120 days contractually delinquent, the account is written off.



 

September 30,
2012		 September 30,
2011
Contracts Direct Loans Contracts Direct Loans

Non-bankrupt accounts

 $ 388,182,955 $ 8,069,213 $ 376,895,455 $ 5,721,768

Bankrupt accounts

 600,969 6,689 402,341 —

Total

 $ 388,783,924 $ 8,075,902 $ 377,297,796 $ 5,721,768

Performing accounts

 $ 383,165,822 $ 8,058,056 $ 373,068,536 $ 5,685,981

Non-performing accounts

 5,618,102 17,846 4,229,260 35,787

Total

 $ 388,783,924 $ 8,075,902 $ 377,297,796 $ 5,721,768

Schedule fo the information regarding the delinquency rates

The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and under its Direct Loans:

Delinquencies
Contracts Gross Balance
Outstanding		 31 – 60 days 61 – 90 days Over 90 days Total

September 30, 2012

 $ 388,783,924 $ 15,310,139 $ 3,879,087 $ 1,739,015 $ 20,928,241
3.94 % 1.00 % 0.44 % 5.38 %

September 30, 2011

 $ 377,297,796 $ 10,934,539 $ 3,188,022 $ 1,041,238 $ 15,163,799
2.90 % 0.84 % 0.28 % 4.02 %
Direct Loans Gross Balance
Outstanding		 31 – 60 days 61 – 90 days Over 90 days Total

September 30, 2012

 $ 8,075,902 $ 94,770 $ 6,822 $ 11,024 $ 112,616
1.17 % 0.08 % 0.14 % 1.39 %

September 30, 2011

 $ 5,721,768 $ 22,229 $ 20,229 $ 15,558 $ 58,016
0.39 % 0.35 % 0.27 % 1.01 %