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Finance Receivables (Tables)

6 Months Ended

Sep. 30, 2015

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

Schedule of finance receivables consisting of automobile finance installment Contracts and Direct Loans


		September 30,				March 31,
		2015				2015
Finance receivables, gross contract		$	491,064,286			$	457,974,758
Unearned interest			(152,502,120	)			(139,262,996	)

Finance receivables, net of unearned interest			338,562,166				318,711,762
Unearned dealer discounts			(18,719,104	)			(17,779,690	)

Finance receivables, net of unearned interest and unearned dealer discounts			319,843,062				300,932,072
Allowance for credit losses			(11,733,765	)			(12,028,012	)

Finance receivables, net		$	308,109,297			$	288,904,060

Schedule of an assessment of the credit quality by creditworthiness


		September 30, 2015								September 30, 2014
		Contracts				Direct Loans				Contracts				Direct Loans
Performing accounts		$	466,911,165			$	11,619,304			$	419,111,304			$	11,268,405
Non-performing accounts			8,178,141				53,891				8,085,319				101,071

Total		$	475,089,306			$	11,673,195			$	427,196,623			$	11,369,476
Chapter 13 bankrupt accounts			4,268,637				33,148				3,585,641				32,355

Finance receivables, gross contract		$	479,357,943			$	11,706,343			$	430,782,264			$	11,401,831

Schedule of information regarding delinquency rates


Contracts		Gross Balance Outstanding				31 – 60 days				61 – 90 days				Over 90 days				Total
September 30, 2015		$	475,089,306			$	19,746,203			$	5,603,230			$	2,574,911			$	27,924,344
							4.16	%			1.18	%			0.54	%			5.88	%
September 30, 2014		$	427,196,623			$	19,923,081			$	5,241,042			$	2,844,277			$	28,008,400
							4.66	%			1.23	%			0.67	%			6.56	%

Direct Loans		Gross Balance Outstanding				31 – 60 days				61 – 90 days				Over 90 days				Total
September 30, 2015		$	11,673,195			$	156,375			$	27,819			$	26,072			$	210,266
							1.34	%			0.24	%			0.22	%			1.80	%
September 30, 2014		$	11,369,476			$	215,570			$	77,219			$	23,852			$	316,641
							1.90	%			0.68	%			0.21	%			2.79	%

Contracts

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

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


		Three months ended September 30,								Six months ended September 30,
		2015				2014				2015				2014
Balance at beginning of period		$	11,523,526			$	12,933,905			$	11,325,222			$	12,889,082
Current period provision			6,078,219				5,067,689				10,964,689				9,141,087
Losses absorbed			(7,347,395	)			(7,046,790	)			(12,870,224	)			(11,896,413	)
Recoveries			699,494				987,890				1,534,157				1,808,938

Balance at end of period		$	10,953,844			$	11,942,694			$	10,953,844			$	11,942,694

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 September 30,								Six months ended September 30,
		2015				2014				2015				2014
Balance at beginning of period		$	754,757			$	706,960			$	702,789			$	590,278
Current period provision			98,901				86,546				201,867				244,963
Losses absorbed			(81,310	)			(65,015	)			(140,286	)			(119,115	)
Recoveries			7,573				6,009				15,551				18,374

Balance at end of period		$	779,921			$	734,500			$	779,921			$	734,500