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Finance Receivables (Tables)

9 Months Ended

Dec. 31, 2013

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of finance receivables consisting of automobile finance installment


		December 31,				March 31,
		2013				2013
Finance receivables, gross contract		$	411,105,001			$	395,721,730
Unearned interest			(119,523,851	)			(112,922,191	)

Finance receivables, net of unearned interest			291,581,150				282,799,539
Unearned dealer discounts			(16,708,367	)			(16,415,169	)

Finance receivables, net of unearned interest and unearned dealer discounts			274,872,783				266,384,370
Allowance for credit losses			(13,618,459	)			(16,558,569	)

Finance receivables, net		$	261,254,324			$	249,825,801

Schedule of the credit quality by creditworthiness


		December 31, 2013								March 31, 2013
		Contracts				Direct Loans				Contracts				Direct Loans
Non-bankrupt accounts		$	395,782,832			$	11,301,076			$	386,324,594			$	5,721,768
Bankrupt accounts			4,002,282				18,811				615,499				—

Total		$	399,785,114			$	11,319,887			$	386,940,093			$	5,721,768


Performing accounts		$	389,390,841			$	11,236,408			$	382,843,130			$	5,685,981
Non-performing accounts			10,394,273				83,479				4,096,963				35,787

Total		$	399,785,114			$	11,319,887			$	386,940,093			$	5,721,768

Schedule of information regarding delinquency rates


						Delinquencies
Contracts		Gross Balance Outstanding				31 – 60 days				61 – 90 days				Over 90 days				Total
December 31, 2013		$	399,785,114			$	18,740,543			$	5,200,159			$	5,194,114			$	29,134,816
							4.69	%			1.30	%			1.30	%			7.29	%
December 31, 2012		$	380,519,395			$	17,287,813			$	4,529,766			$	2,254,123			$	24,071,702
							4.54	%			1.19	%			0.59	%			6.32	%


Direct Loans		Gross Balance Outstanding				31 – 60 days				61 – 90 days				Over 90 days				Total
December 31, 2013		$	11,319,887			$	176,446			$	40,887			$	42,592			$	259,925
							1.56	%			0.36	%			0.38	%			2.30	%
December 31, 2012		$	8,861,098			$	116,251			$	29,295			$	22,501			$	168,047
							1.31	%			0.33	%			0.25	%			1.89	%

Contracts

Accounts, Notes, Loans and Financing Receivable [Line Items]

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


		Three months ended December 31,								Nine months ended December 31,
		2013				2012				2013				2012
Balance at beginning of period		$	13,479,022			$	18,356,817			$	16,090,652			$	19,499,208
Current period provision			4,157,616				3,423,255				10,525,262				9,683,929
Losses absorbed			(5,540,334	)			(5,571,903	)			(16,218,673	)			(14,527,271	)
Recoveries			884,373				786,891				2,583,436				2,339,194

Balance at end of period		$	12,980,677			$	16,995,060			$	12,980,677			$	16,995,060

Direct Loans

Accounts, Notes, Loans and Financing Receivable [Line Items]

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


		Three months ended December 31,								Nine months ended December 31,
		2013				2012				2013				2012
Balance at beginning of period		$	659,615			$	531,101			$	467,917			$	492,184
Current period provision			25,419				61,556				272,668				165,869
Losses absorbed			(56,424	)			(57,006	)			(126,997	)			(131,201	)
Recoveries			9,172				6,739				24,194				15,538

Balance at end of period		$	637,782			$	542,390			$	637,782			$	542,390