10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________________________________ 

FORM 10-Q

 __________________________________________________________________________________________________

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to

Commission File Numbers: 333-169730

____________________________________________________________ 

DriveTime Automotive Group, Inc.

(Exact name of registrant as specified in its charter)

DELAWARE	86-0721358
(State or other jurisdiction of Incorporation or organization)	(I.R.S. Employer Identification No.)

DT Acceptance Corporation

(Exact name of registrant as specified in its charter)

ARIZONA	82-0587346
(State or other jurisdiction of Incorporation or organization)	(I.R.S. Employer Identification No.)

4020 East Indian School Road

Phoenix, Arizona 85018

(Address, including zip code, of principal executive offices)

(602) 852-6600

(Registrants’ telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    

Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨		Accelerated filer	¨
Non-accelerated filer	x	(Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The total number of shares of common stock outstanding as of March 31, 2013, was 101.7696 for each of DriveTime Automotive Group, Inc. and DT Acceptance Corp.

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION	1
Item 1. Financial Statements	1
Condensed Consolidated Balance Sheets as of March 31, 2013 and December 31, 2012 (unaudited)	1
Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2013 and 2012 (unaudited)	2
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2013 and 2012 (unaudited)	3
Notes to Condensed Consolidated Financial Statements, March 31, 2013 (unaudited)	4
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	28
Item 3. Quantitative and Qualitative Disclosures About Market Risk	44
Item 4. Controls and Procedures	44
PART II. OTHER INFORMATION	45
Item 1. Legal Proceedings	45
Item 1A. Risk Factors	45
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	45
Item 3. Defaults Upon Senior Securities	45
Item 4. Mine Safety Disclosures	45
Item 5. Other Information	45
Item 6. Exhibits	46
SIGNATURES	49

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

DRIVETIME AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

	March 31, 2013			December 31, 2012
	(In thousands)
ASSETS
Cash and Cash Equivalents	$	25,731		$	26,480
Restricted Cash and Investments Held in Trust	126,951			107,072
Finance Receivables	1,739,540			1,634,622
Allowance for Credit Losses	(269,622		)	(252,590		)
Finance Receivables, net	1,469,918			1,382,032
Dealer Finance Receivables	74,753			40,956
Inventory	228,876			270,733
Property and Equipment, net	96,113			94,397
Other Assets	57,313			67,447
Total Assets	$	2,079,655		$	1,989,117
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	18,581		$	17,346
Accrued Expenses and Other Liabilities	104,829			81,121
Accrued Expenses—Related Party	941			818
Portfolio Term Financings	989,206			1,049,478
Portfolio Warehouse Facilities	145,000			57,200
Senior Secured Notes Payable	193,392			193,320
Senior Secured Notes Payable-Related Party	5,000			5,000
Other Secured Notes Payable	136,668			117,281
Total Liabilities	1,593,617			1,521,564
Shareholders’ Equity—DTAG:
Common Stock	—			—
Paid-in Capital	117,272			147,117
Retained Earnings	7,749			8,931
Total Shareholders’ Equity—DTAG	125,021			156,048
Noncontrolling Interest-DTAC (1)	361,017			311,505
Total Equity	486,038			467,553
Total Liabilities & Shareholders’ Equity	$	2,079,655		$	1,989,117

^{(1)    Refer to Note 14 for Supplemental Consolidating Financial Information discussion regarding non-controlling interest.} 

See accompanying notes to Condensed Consolidated Financial Statements.

1

DRIVETIME AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited)

	Three Months Ended
	March 31,
	2013			2012
	(In thousands)
Revenue:
Sales of Used Vehicles	$	309,468		$	297,135
Interest Income	74,974			70,528
Dealer Finance and Other Income	2,800			175
Total Revenue	387,242			367,838
Costs and Expenses:
Cost of Used Vehicles Sold	211,638			197,161
Provision for Credit Losses	77,842			60,342
Portfolio Debt Interest Expense	10,186			10,354
Non- Portfolio Debt Interest Expense	1,319			1,043
Senior Secured Debt Interest Expense	6,483			6,606
Senior Secured Debt Interest Expense—Related Party	158			—
Selling and Marketing	8,917			9,470
General and Administrative	43,709			41,866
General and Administrative—Related Party	2,651			2,858
Depreciation Expense	5,408			4,951
Total Costs and Expenses	368,311			334,651
Income Before Income Taxes	18,931			33,187
Income Tax Expense	342			392
Net Income	$	18,589		$	32,795
Net Loss Attributable to Noncontrolling Interest—DTAC (1)	$	(59,749	)	$	(44,904	)
Net Income Attributable to DTAG	78,338			77,699
Net Income	$	18,589		$	32,795

^{(1)    Refer to Note 14 for Supplemental Consolidating Financial Information discussion regarding non-controlling interest.} 

See accompanying notes to Condensed Consolidated Financial Statements.

2

DRIVETIME AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Cash Flows from Operating Activities:
Net Income	$	18,589		$	32,795
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	77,842			60,342
Depreciation Expense	5,408			4,951
Amortization of Debt Issuance Costs and Debt Premium and Discount	1,660			1,913
Non-Cash Compensation Expense—Related Party	311			465
Loss (Gain) from Disposal of Property and Equipment	31			(60		)
Originations of Finance Receivables	(312,074		)	(292,970		)
Collections and Recoveries on Finance Receivable Principal Balances	145,923			148,309
Change in Accrued Interest Receivable and Loan Origination Costs	423			(506		)
Change in Inventory	41,857			80,748
Change in Other Assets	8,829			6,042
Increase in Accounts Payable, Accrued Expenses and Other Liabilities	24,530			20,476
Change in Accrued Expenses-Related Party	123			95
Net Cash Provided By Operating Activities	13,452			62,600
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	(38,960		)	(5,627		)
Collections and Recoveries of Dealer Finance Receivables	5,163			178
Proceeds from Disposal of Property and Equipment	641			456
Purchase of Property and Equipment	(7,797		)	(5,650		)
Net Cash Used in Investing Activities	(40,953		)	(10,643		)
Cash Flows from Financing Activities:
Increase in Restricted Cash	(15,624		)	(8,499		)
Collections, Buybacks and Change in Investments Held in Trust	(4,255		)	(1,785		)
Additions to Portfolio Term Financings	75,000			—
Repayment of Portfolio Term Financings	(135,207		)	(112,289		)
Additions to Portfolio Warehouse Facilities	210,300			195,800
Repayment of Portfolio Warehouse Facilities	(122,500		)	(108,000		)
Additions to Other Secured Notes Payable	20,000			—
Repayment of Other Secured Notes Payable	(614		)	(14,531		)
Payment of Debt Issuance Costs	(348		)	(557		)
Dividend Distributions	—			(5,260		)
Net Cash Provided by / (Used in) Financing Activities	26,752			(55,121		)
Net Decrease in Cash and Cash Equivalents	(749		)	(3,164		)
Cash and Cash Equivalents at Beginning of Period	26,480			25,930
Cash and Cash Equivalents at End of Period	$	25,731		$	22,766
Supplemental Statement of Cash Flows Information:
Interest Paid	$	11,424		$	11,311
Interest Paid—Related Party	$	158		$	—
Income Taxes Paid	$	518		$	463
Supplemental Statement of Non-Cash Investing and Financing Activities:
Disposal of Fully Depreciated Property and Equipment	$	—		$	551

See accompanying notes to Condensed Consolidated Financial Statements.

3

DRIVETIME AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Unaudited Financial Statements

(1) Description of Business, Ownership Formation, Basis of Presentation, and Principles of Consolidation

Description of Business

DriveTime Automotive Group, Inc. (“DTAG”) and DT Acceptance Corporation ("DTAC") (together referred to herein as “we,” “our,” “the Company,” and “us”), through their subsidiaries, own and operate used automobile dealerships in the United States focusing primarily on the sale and financing of used vehicles to the subprime market. The subprime market is comprised of customers with modest incomes who have experienced credit difficulties or have very limited credit histories, and/or do not have access to obtain their own source of financing from third-party finance companies. Therefore, we provide financing for substantially all of the vehicles we sell. Since many of our customers may be unable to obtain financing to purchase a vehicle from another company, financing is an essential component of the services that we provide to our customers. We fund this portfolio primarily through portfolio warehouse facilities, securitizations, and other portfolio term financings.

In December 2011, as a supplement to our core operations, we launched a new indirect lending business segment, GO Financial (“GO”). GO provides indirect auto financing to third-party automobile dealerships collateralized by pools of subprime auto loans and is a separate operating segment.

Ownership

DTAG and DTAC are sister companies, generally with DTAG directing our retail vehicle sales and operations and DTAC directing our financing and collections operations. As of March 31, 2013, and December 31, 2012, the shareholders of DTAG and DTAC were Ernest C. Garcia II (Chairman) and the Garcia Family Trusts (collectively, herein also referred to as “Principal Shareholder” or “Mr. Garcia”) owning 100.0 shares, or 98.3% of each of DTAG and DTAC and Raymond C. Fidel (President and CEO) owning 1.8 shares, or 1.7% of each of DTAG and DTAC. DTAG and DTAC are sister companies, generally with DTAG directing our retail vehicle sales operations and DTAC directing our financing and collection operations.

Basis of Presentation

We have determined that DTAC is a variable interest entity (“VIE”) and DTAG is the primary beneficiary of DTAC. Therefore, the accounts of DTAG and DTAC are consolidated and intercompany transactions between DTAG and DTAC are eliminated in consolidation. We determined DTAG is the primary beneficiary of DTAC because DTAG has both (1) the power to direct the activities of DTAC that most significantly impact DTAC's economic performance and (2) a potentially significant variable interest that carries with it the obligation to absorb the losses or the right to receive benefits of DTAC. DTAG has the power to direct the activities of DTAC because it originates and sells 100% of the loans DTAC is required to purchase, sets underwriting standards and origination terms, sets servicing and collection policies administered by DTAC, as well as the fact that DTAC was created and designed by DTAG to obtain third party financing for DTAG's originations. DTAG also has potentially significant variable interests in the form of debt capital provided to DTAC through various debt issuances, guarantees of DTAC's debt, as well as operational liabilities owed to DTAG, all of which carry the obligation to absorb losses or receive benefits of DTAC. Creditors of DTAC generally do not have recourse to the general credit of DTAG, except that the special purpose entity ("SPE") related to our term residual facility entered into a demand note with DTAC. The demand note is guaranteed by DTAG.

Total assets of DTAC consolidated into DTAG are comprised primarily of net finance receivables, cash and cash equivalents, restricted cash, investments held in trust, and deferred financing costs. Total liabilities consolidated into DTAG are comprised primarily of portfolio warehouse, portfolio term, and senior secured debt. Total revenue of DTAC consolidated into DTAG are comprised of interest and dealer finance income. DTAC expenses are comprised of provision for credit losses, interest expense and general and administrative expenses.

Also included in the consolidated financial statements are SPEs of DTAC, which are all bankruptcy remote entities formed in conjunction with our securitizations, warehouse facilities, residual facility, real estate financing, and bank term financing transactions. We have determined that these SPEs are VIEs and DTAC is the primary beneficiary. Therefore, all intercompany accounts and transactions have been eliminated in consolidation for all periods presented. We determined DTAC is the primary beneficiary of these SPEs because DTAC has both (1) the power to direct the activities of the SPEs that most significantly impact the SPEs' economic performance and (2) a potentially significant variable interest that carries with it the obligation to absorb the losses or the right to receive benefits of DTAC. DTAC has the power to direct the activities of these SPEs because it services the loans in each of the securitizations, warehouse facilities and other lending arrangements. DTAC also has potentially significant variable interests in the form of holding the residual certificates for securitizations and rights to residual cash flows of the warehouse facilities. Creditors of the SPEs generally do not have recourse to the general credit of DTAC, except through servicing performance guarantees.

4

For more information regarding DTAC's financial position and results of operations and the SPEs' financial position and results of operations consolidated into DTAG and DTAC, respectively, see Note-14 Supplemental Consolidating Financial Information.

These condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, such interim condensed consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position, results of operations, and cash flows for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes as of and for the year-ended December 31, 2012, which are included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 28, 2013.

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities. Certain accounting estimates involve significant judgments, assumptions, and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities, and the reported amounts of income and expenses during the reporting period which management considers to be critical accounting estimates. The judgments, assumptions, and estimates used by management are based on historical experience, managements’ experience, and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of our assets and liabilities and our results of operations.

Significant items subject to estimates and assumptions include the allowance for credit losses, inventory valuation, fair value measurements, certain legal reserves, our reserve for sales returns and allowances, our recovery receivables, and our warranty accrual. Actual results could differ from these estimates.

(2) Restricted Cash and Investments Held in Trust

We maintain various cash accounts, which are pledged as collateral under our debt agreements. We are permitted to invest funds in these accounts in short-term liquid investments. The following is a summary of restricted cash and investments held in trust:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Restricted cash	$	38,121	$	22,496
Investments Held in Trust	88,830		84,576
	$	126,951	$	107,072

(3) Finance Receivables - DriveTime

The following is a summary of finance receivables:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Principal Balances	$	1,707,051	$	1,601,710
Accrued Interest	15,366		16,414
Loan Origination Costs	17,123		16,498
Finance Receivables	$	1,739,540	$	1,634,622

5

Our finance receivables are defined as one segment and class of loan, which is the sub-prime consumer auto loan. Therefore, the disaggregation of information into portfolio segment and classes for assets with different risk characteristics is limited, and the level of risks inherent in our financing receivables are managed as one homogeneous pool and further segmented with our proprietary credit scoring system as described below in "—Credit Quality Indicators." We have chosen our internal customer credit scoring model since it has a direct and prominent impact in managing our portfolio receivables and monitoring its performance.

Finance receivables pledged as collateral associated with liabilities in our warehouse facilities, asset backed securitizations, and bank term financings, are provided in Note 5—Debt Obligations. We do not place loans on nonaccrual status, nor do we classify loans as impaired, since accounts are charged-off when the loan becomes 91 -121 days contractually past due at month end under our charge-off policy. We do not have loans that meet the definition of troubled debt restructurings.

Credit quality information for our finance receivables portfolio is provided as of the dates indicated below:

Age Analysis of Past Due Finance Receivables

	March 31, 2013				December 31, 2012				March 31, 2012
	Percent of Portfolio		Loan Principal		Percent of Portfolio		Loan Principal		Percent of Portfolio		Loan Principal
	($ In thousands)
Days Delinquent:
Current	61.4	%	$	1,047,962	49.1	%	$	786,765	65.8	%	$	1,030,752
01-30 Days	28.0	%	478,861		33.0	%	528,300		27.4	%	429,219
31-60 Days	6.9	%	117,721		10.0	%	161,157		4.3	%	67,359
61-90 Days	3.2	%	54,537		5.1	%	81,378		2.2	%	34,463
91-120 Days	0.5	%	7,970		2.8	%	44,110		0.3	%	4,699
Total Past Due	38.6	%	$	659,089	50.9	%	$	814,945	34.2	%	$	535,740
Total Finance Receivables	100.0	%	$	1,707,051	100.0	%	$	1,601,710	100.0	%	$	1,566,492

An account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Delinquencies may vary from period to period based upon the average age or seasoning of the portfolio, seasonality within the calendar year and economic factors. Delinquencies are presented on a Sunday-to-Sunday basis, which reflects delinquencies as of the nearest Sunday to period end. Sunday is used to eliminate any impact of the day of the week on delinquencies since delinquencies tend to be higher mid-week.

Credit Quality Indicators

Our proprietary credit grading system segments our customers into eight distinct credit grades. These credit grades range from A+ to D-, with A+ being the lowest risk credit grade and a D- being the highest risk credit grade. Generally, the lower the risk grade, the lower the unit loss rate. A summary of our portfolio by our internally assigned credit risk ratings at March 31, 2013, and December 31, 2012, is as follows:

At March 31, 2013

Grade	Average FICO Score (1)	Percentage of Portfolio Loans	Total Loans (2)	Percentage of Portfolio Principal	Loan Principal
					(In thousands)
A+	555	10.3%	15,019	10.5%	$	178,406
A	540	18.3%	26,575	18.6%	317,210
B	517	37.3%	54,078	38.0%	648,685
C	504	28.8%	41,790	28.3%	483,127
C-	489	3.8%	5,546	3.3%	56,882
D+/D/D-	482	1.5%	2,202	1.3%	22,741
		100.0%	145,210	100.0%	$	1,707,051

6

At December 31, 2012

Grade	Average FICO Score (1)	Percentage of Portfolio Contracts	Total Loans	Percentage of Portfolio Principal	Loan Principal
					(In thousands)
A+	556	10.4%	14,660	10.6%	$	169,023
A	539	18.5%	25,998	18.8%	301,173
B	517	37.3%	52,476	38.2%	612,084
C	503	28.4%	40,066	27.8%	445,497
C-	488	3.9%	5,447	3.3%	53,512
D+/D/D-	478	1.5%	2,101	1.3%	20,421
		100.0%	140,748	100.0%	$	1,601,710

^{(1)  Average FICO score is provided as an external metric of credit quality. FICO score is not utilized as the primary tool in determining internal credit grade.} 

^{(2)  Excludes Carvana originations} 

Concentration of Credit Risk

As of March 31, 2013, and December 31, 2012, our portfolio concentration by state was as follows:

As of March 31, 2013					As of December 31, 2012
State	Percent of Portfolio		Loan Principal (In thousands)		State	Percent of Portfolio		Loan Principal (In thousands)
Texas	22.4	%	$	384,359	Texas	23.0	%	$	369,021
Florida	15.2	%	261,348		Florida	15.4	%	247,281
North Carolina	9.6	%	163,058		North Carolina	9.9	%	157,670
Georgia	7.7	%	130,818		Georgia	7.6	%	122,027
Virginia	6.5	%	110,887		Arizona	6.8	%	108,792
Arizona	6.4	%	108,947		Virginia	6.7	%	106,749
Tennessee	4.9	%	83,020		Tennessee	4.6	%	72,967
California	4.4	%	75,524		California	4.4	%	71,005
Nevada	3.8	%	64,948		Nevada	4.0	%	63,346
South Carolina	3.7	%	63,827		South Carolina	3.6	%	58,163
Alabama	3.1	%	53,224		New Mexico	3.0	%	48,421
New Mexico	2.9	%	48,745		Alabama	2.8	%	44,787
Oklahoma	2.3	%	38,703		Oklahoma	2.3	%	36,109
Colorado	2.1	%	35,458		Colorado	2.2	%	35,268
Ohio	1.7	%	28,409		Indiana	1.3	%	21,603
Indiana	1.4	%	24,084		Ohio	1.1	%	17,417
Mississippi	1.1	%	19,371		Mississippi	1.0	%	15,847
Arkansas	0.4	%	6,252		Arkansas	0.2	%	3,218
Missouri	0.4	%	6,069		Missouri	0.1	%	2,019
	100.0	%	$	1,707,051		100.0	%	$	1,601,710

7

Allowance for Credit Losses

The following table sets forth the rollforward of the allowance for credit losses for the periods indicated:

	Three months ended March 31,
	2013			2012
	($ In thousands)
Allowance Activity:
Balance, beginning of period	$	252,590		$	221,533
Provision for credit losses	77,842			60,342
Net charge-offs	(60,810		)	(44,848		)
Balance, end of period	$	269,622		$	237,027
Allowance as a percent of portfolio principal	15.7		%	15.1		%
Charge off Activity:
Principal balances	$	(97,917	)	$	(82,851	)
Recoveries, net	37,107			38,003
Net charge-offs	$	(60,810	)	$	(44,848	)

At March 31, 2013 and December 31, 2012 recovery receivables of $29.4 million and $37.0 million, respectively, were included as a component of other assets in the accompanying condensed consolidated balance sheets.

(4) Dealer Finance Receivables - GO

The following is a summary of the activity in Dealer Finance Receivables:

	Three months ended March 31,
	2013			2012
	(In thousands)
Balance, Beginning of Period	$	40,956		$	24
Advances During the Period	38,960			5,502
Revenue Recognized	2,037			125
Payments to Reduce Amount Advanced	(7,200		)	(178		)
Balance, End of Period	$	74,753		$	5,473

At March 31, 2013 and December 31, 2012 we have not recorded impairment on any pools.

Accretable yield represents the amount of revenue the Company expects over the remaining life of existing portfolios. Changes in accretable yield were as follows:

	Three months ended March 31,
	2013			2012
	(In thousands)
Balance, Beginning of Period	$	8,887		$	—
Accretion (Revenue Recognized)	(2,037		)	(125		)
Additions	9,999			1,792
Reclassification from (to) Nonaccretable Yield	—			—
Balance, End of Period	$	16,849		$	1,667

Non-accretable yield represents the difference between the total contractual net cash flows of Dealer Finance Receivables and the expected cash flows. This difference is neither accreted into income nor recorded on our balance sheet since it represents the portion of cash flows not expected to be received.  Contractual net cash flows are comprised of the underlying contractual cash flows from consumer loans aggregated with the total accretable yield to be earned on Dealer Finance receivables over the life of the Dealer Pool.  Although we are required to present contractual cash flows, we do not believe that contractual net cash flows on the underlying consumer loans are relevant in assessing our potential future cash flows because we are not entitled to the contractual cash flows and do not expect to receive 100% of contractual cash. Expected

8

net cash flows represent the loss adjusted contractual cash flows, including earnings thereon.  Components of non-accretable yield are as follows:

	As of March 31, 2013
	(In thousands)
Contractual Net Cash Flows (1)	$	103,306
Expected Net Cash Flows	(91,602		)
Non-accretable Yield	$	11,704

^{(1)    Contractual net cash flows represents total cash payments due across all dealer servicing agreements for repayment of dealer advances and contract servicing.} 

(5) Debt Obligations

Portfolio Term Financings

The following is a summary of portfolio term financings:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Securitization Debt:
Asset backed security obligations	$	569,884	$	677,118
Bank Term Financing:
Variable rate secured financing transactions for our finance receivable portfolio	319,322		347,360
Portfolio Term Residual Financing:
Variable rate financing facility secured by residual interests in finance receivables of certain warehouse facilities and securitization trusts	100,000		25,000
Total Portfolio Term Financings	$	989,206	$	1,049,478

Securitization debt

The following is a summary of securitization transactions with outstanding balances for each period presented:

	As of March 31, 2013							As of December 31, 2012
Transaction	Debt Balance		Gross Receivables Pledged		Cash Reserve		Interest Rate (1)	Debt Balance		Gross Receivables Pledged		Cash Reserve		Interest Rate (1)
	($ In thousands)							($ In thousands)
2010-1	$	16,037	$	40,958	$	4,500	3.6%	$	23,036	$	55,525	$	4,500	3.6%
2011-1	48,398		67,170		4,200		3.0%	60,335		84,198		4,200		3.0%
2011-2	69,436		84,419		4,500		2.9%	84,977		103,779		4,500		2.9%
2011-3	106,570		129,943		4,500		3.9%	130,347		159,068		4,500		3.9%
2012-1	145,443		188,752		4,500		3.5%	170,198		219,252		4,500		3.5%
2012-2	184,000		223,914		4,500		2.9%	208,225		251,409		4,500		2.9%
	$	569,884	$	735,156	$	26,700		$	677,118	$	873,231	$	26,700

^{(1) These rates represent the original duration weighted average rates of the outstanding asset-backed securities.}  

Asset-backed securities outstanding are secured by underlying pools of finance receivables (collateral) and investments held in trust (cash reserve). Credit enhancement for the asset-backed securities consists of a cash reserve account, over collateralization, and subordination of certain classes of notes in each trust to more senior classes of notes in such trust. Asset-backed securities outstanding have interest payable monthly at the fixed rates represented in the table above. All outstanding securitizations were rated in tranches with credit ratings from AAA to BBB by S&P and DBRS.

Individual securitization trusts are not cross-collateralized or cross-defaulted. Additionally, we have the option to purchase the remaining loans in a trust when the remaining principal balances of the loans reach 10% of their original principal balance.

9

Bank term financing

Bank term financings are secured by underlying pools of finance receivables and a cash reserve account. At March 31, 2013 and December 31, 2012, our outstanding bank term financing with Wells Fargo Bank bears interest at LIBOR plus 2.00% (2.20% at both March 31, 2013 and December 31, 2012). This facility includes overcollateralization and a cash reserve similar to a securitization transaction, but consists of only one class of bonds and is unrated. At March 31, 2013 and December 31, 2012, $401.6 million and $443.9 million in receivables were pledged as collateral to this facility, respectively. At March 31, 2013 and December 31, 2012, $6.9 million was held as a cash reserve for this facility.

Portfolio term residual financing

The term residual facility with Santander Consumer USA Inc. ("Santander") is secured by residual interests in our warehouse facilities and certain securitization trusts. The amounts outstanding under the facility bear interest at LIBOR + 3.50% or LIBOR + 6.00%, depending upon whether certain conditions are satisfied. This facility provides for funding through December 2019, with a term-out feature resulting in a final maturity of December 2020. At March 31, 2013, we were in compliance with all financial covenants of the facility. For the three months ended March 31, 2013, interest accrued at LIBOR + 3.50% (3.70% at March 31, 2013).

Portfolio warehouse facilities

The following is a summary of portfolio warehouse facilities:

	As of March 31, 2013
	Amount Drawn		Facility Amount		Stated Advance Rate		Collateral (1)		Interest Rate (2)		Expiration Date	Final Maturity
	($ In thousands)
Portfolio Warehouse Facilities
Deutsche Bank	$	48,100	$	150,000	65	%	$	111,641	2.45	%	Dec 2014	Dec 2015
Wells Fargo	53,000		150,000		58	%	119,858		2.45	%	Dec 2013	Dec 2015
RBS	43,900		125,000		65	%	116,138		2.50	%	Mar 2014	Mar 2015
Total Portfolio Warehouse Facilities	$	145,000	$	425,000

	As of December 31, 2012
	Amount Drawn		Facility Amount		Stated Advance Rate		Collateral (1)		Interest Rate (2)		Expiration Date	Final Maturity
	($ In thousands)
Portfolio Warehouse Facilities
Deutsche Bank	$	19,300	$	150,000	65	%	$	38,881	2.46	%	Dec 2014	Dec 2015
Wells Fargo	23,000		150,000		58	%	42,778		2.46	%	Dec 2013	Dec 2015
RBS	14,900		125,000		53	%	26,707		1.65	%	Mar 2013	Mar 2014
Total Portfolio Warehouse Facilities	$	57,200	$	425,000

^{(1)  Collateral represents underlying pools of finance receivables pledged to each facility.} 

^{(2)  Interest rate at period end equal to contractual benchmark plus index.} 

Deutsche Bank Warehouse Facility

We have a revolving warehouse facility with Deutsche Bank AG, New York Branch (Deutsche Bank). The amounts outstanding under the facility bear interest at LIBOR plus 2.25%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

Wells Fargo Warehouse Facility

We have a revolving warehouse facility with Wells Fargo Bank, N.A. (Wells Fargo). On March 15, 2013 we executed an amendment to permit contracts originated by GO Financial to be pledged as collateral. The amounts outstanding under the facility bear interest at LIBOR plus 2.25%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

10

RBS Warehouse Facility

We have a revolving warehouse facility with The Royal Bank of Scotland plc (RBS). The amounts outstanding under the facility bear interest at LIBOR plus 2.25%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

Senior secured notes payable

A summary of Senior Secured Notes payable follows:

	As of March 31, 2013	As of December 31, 2012
	(In thousands)
Senior Secured Notes Payable	193,392	193,320
Senior Secured Notes Payable - Related Party	5,000	5,000
Total Senior Secured Notes Payable	198,392	198,320

In June 2010 we issued $200.0 million of 12.625% senior secured notes due 2017 (the “Senior Secured Notes”). The notes were issued with an original issuance price of 98.854%, resulting in an effective yield of 12.875%. Interest on the Senior Secured Notes is payable semi- annually in arrears on June 15th and December 15th of each year. As of March 31, 2013, we were in compliance with all financial covenants of the Senior Secured Notes. At March 31, 2013 and December 31, 2012, the Senior Secured Notes are shown net of unamortized discount of $1.6 million and $1.7 million, respectively. In May 2013, we issued an additional $50.0 million of the Senior Secured Notes. See Note 12- Subsequent Events for further information.

Other secured notes payable

A summary of other secured notes payable follows:

	As of March 31, 2013
	Balance		Max Facility Capacity			Advance Rate		Interest Rate (1)	Expiration Date
	($ In thousands)
Other Secured Notes Payable
Revolving Inventory Facility	$	111,321	$	130,000		85%	(2)	3.75%	Nov 2014
Mortgage Note Payable	12,397		n/a			n/a		5.87%	Mar 2017
Real Estate Facility	11,269		25,000			70%		4.20%	Oct 2020
Equipment Note Payable	1,681		n/a			n/a		4.75%	Apr 2013
Total Other Secured Notes Payable	$	136,668	$	155,000
	As of December 31, 2012
	Balance		Max Facility Capacity			Advance Rate		Interest Rate (1)	Expiration Date
	($ In thousands)
Other Secured Notes Payable
Revolving Inventory Facility	$	91,320	$	140,000	(3)	85%	(2)	3.75%	Nov 2014
Mortgage Note Payable	12,454		n/a			n/a		5.87%	Mar 2017
Real Estate Facility	11,733		25,000			70%		4.21%	Oct 2020
Equipment Note Payable	1,774		n/a			n/a		4.75%	Apr 2013
Total Other Secured Notes Payable	$	117,281	$	165,000

^{(1)  Interest rate at period end equal to contractual benchmark plus index.} 

^{(2)  Advance rate is based on qualifying vehicle cost and is secured by our entire vehicle inventory.} 

^{(3)  Inclusive of a $10.0 million seasonal increase in the months of November through the end of January.}  

11

Revolving inventory facility

We have a revolving inventory line with Wells Fargo, Santander and Manheim Automotive Financial Services, Inc. The interest rate on the facility is based on the Daily One Month Libor rate plus 3.5%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

Mortgage note payable

We have a mortgage note payable which is secured by our operations call center building in Mesa, Arizona (a commercial property). Terms of the note agreement provide for monthly principal and interest payments with a final balloon payment. At March 31, 2013, we were in compliance with all financial covenants of this loan.

Real Estate Facility

We have a seven year fully amortizing real estate facility with Wells Fargo. The amounts outstanding under the facility bear interest at LIBOR plus 4.0%. At March 31, 2013, we were in compliance with all financial covenants of this facility, and the line was collateralized by nine properties.

Equipment note payable

We have an equipment note payable, which is secured by an aircraft and bears interest at the Prime rate plus 1.5%. In April 2013, we executed an amendment to the note, which extended the maturity date to April 2015 and lowered the interest rate to Prime plus 1.0%. Terms of the note agreement provide for monthly principal and interest payments with a final balloon payment. At March 31, 2013, we were in compliance with all financial covenants of this loan.

(6)    Deferred Revenue

Beginning in the fourth quarter of 2012 we began offering our DriveCare® limited warranty as a separately priced service contract in our dealerships located in Tennessee, Virginia and Ohio (also referred to as "unbundling"). As a result, the revenue and costs of the sale of these service contracts is deferred and recognized over the life of the warranty contract, in relation to the usage and expected duration of the contracts. The deferred revenue balance is recorded as part of Accrued Expenses and Other Liabilities in the accompanying condensed consolidated balance sheet.

The following table sets forth information regarding the change in deferred revenue:

	Three Months Ended March 31, 2013
	(In thousands)
Balance, Beginning of Period	$	2,332
Gross Revenue Deferred	7,037
Revenue Recognized	(358		)
Balance, End of Period	$	9,011

At March 31, 2013 deferred cost associated with our separately priced service contracts was $1.7 million.

(7) Related Party Transactions

During the three months ended March 31, 2013 and 2012, we recorded related party operating expenses as follows:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
General and Administrative Expenses—Related Party
Property lease expense	$	1,198		$	1,220
Restricted stock compensation expense	310			465
Aircraft operating and lease expense	1,088			1,016
Salaries and wages, general & administrative and other expenses	132			228
Reimbursement of certain general and administrative expenses	(77		)	(71		)
Total General and Administrative Expenses—Related Party	$	2,651		$	2,858

12

Interest Expense

During the three months ended March 31, 2013 and 2012, we recorded related party interest expense as follows:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Senior Secured Notes Interest Expense—Related Party
Senior Secured Notes Payable—Verde	$	142	$	—
Senior Secured Notes Payable—CEO	16		—
Total Senior Secured Notes Interest Expense—Related Party	$	158	$	—

For a description of the nature of these transactions, see Note 10 - Related Party Transactions to the Consolidated Financial Statements included in our Annual Report on Form 10-K filed on March 28, 2013.

(8) Income Taxes

The condensed consolidated financial statements consist of financial and operating data of DTAG and DTAC, which are both S corporations. Since DTAC and DTAG are flow-through entities for federal income tax purposes, there is no federal income tax expense related to the income of DTAC and DTAG, other than for one of DTAG’s wholly-owned subsidiaries, which is a C corporation. The taxable income flows through to our shareholders who are responsible for paying the associated taxes. Although most states follow the federal recognition of S corporation status, some states do impose an entity level tax on that income; therefore, the tax expense is adjusted accordingly. We did not have an income tax liability as of March 31, 2013. Our income tax liability was $0.2 million as of December 31, 2012.

(9) Shareholders’ Equity, Dividends & Stock Compensation

Share Information

DTAG has authorized shares with par value of $.001 per share. Of the 1,000 shares authorized, 101.8 shares are issued and outstanding. DTAC has authorized shares with no par value. Of the 1,000,000 shares authorized, 101.8 shares are issued and outstanding.

Non-controlling Interest

Because DTAG and DTAC are consolidated for financial reporting purposes, we are required to separately present the non-controlling equity interest of the VIE (DTAC) on the condensed consolidated balance sheets and condensed consolidated statements of operations for all periods presented. The non-controlling interest is DTAC’s GAAP equity and income for the periods presented and there are no third-party competing interests in DTAC. For the amounts of assets, liabilities, revenue, and income of DTAC consolidated into DTAG at March 31, 2013, see Note 14- Supplemental Consolidating Financial Information.

Dividends

Certain of our debt facilities place restrictions on the amount of cash dividends we are permitted to pay to our shareholders. If we are in compliance with the indebtedness covenant in the Senior Notes, specifically related to our ability to pay dividends, we are permitted to pay cash dividends limited to an amount not greater than the percentage of S corporation taxable income for such quarterly periods equal to the highest combined federal, state, and/or local tax rate for individuals, plus 50% of the difference between pre-tax earnings less amounts paid for tax. If we are not in compliance with the indebtedness covenant in the Senior Notes, specifically related to our ability to pay dividends, we are only permitted to pay cash dividends limited to an amount not greater than the percentage of S corporation taxable income for such quarterly periods equal to the highest combined federal, state, and/or local tax rate for individuals. As of March 31, 2013, we were not in compliance with such covenant, which restricted our ability to pay dividends to the amount relative to taxable income.

During the three months endedMarch 31, 2013, we did not distribute any dividends. In March 2013, the Board of Directors approved a cash dividend of approximately $10.9 million, payable in April 2013 to shareholders of record on the payment date. See Note 12- Subsequent Events for further information.

13

Chief Executive Officer Restricted Stock Grant

For the three months endedMarch 31, 2013 and 2012, we recorded $0.3 million and $0.5 million, respectively, in restricted stock compensation expense associated with the December 2010 Restricted Stock Agreements between Mr. Fidel and each of DTAG and DTAC. The stock compensation recorded for these periods also credited our Paid-in Capital accounts for both companies during these periods.

(10)Commitments and Contingencies

Limited warranty

Our limited warranty accrual is recorded as a component of accrued expenses and other liabilities on the accompanying condensed consolidated balance sheets for each period presented. The following table reflects activity in the warranty accrual for the periods indicated:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Warranty Accrual Activity
Balance, Beginning of Period	$	24,030		$	24,004
Warranty Expense	8,556			7,441
Warranty Claims Paid	(7,678		)	(4,009		)
Balance, End of Period	$	24,908		$	27,436

Lease commitments

At March 31, 2013, we leased the majority of our dealership and reconditioning center locations. We also leased our corporate office in Phoenix, Arizona, and operations collection facilities in Dallas, Texas. As each lease matures, we evaluate the existing location to determine whether the dealership should be relocated to another site in the region closer in proximity to new car franchises and/or higher traffic retail areas. As of March 31, 2013, we had approximately $69.3 million in aggregate operating lease obligations.

Legal matters

We are involved in various claims and actions arising in the ordinary course of business. In the opinion of management, based on consultation with legal counsel, the ultimate disposition of these matters will not have a material adverse effect on us. We believe appropriate accruals have been made for the disposition of these matters. In accordance with ASC 450, Contingencies, we establish an accrual for a liability when it is both probable that the liability has been incurred and the amount of the loss can be reasonably estimated. These accruals are reviewed monthly and adjusted to reflect the impact of negotiations, settlements and payments, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Legal expenses related to defense, negotiations, settlements, rulings, and advice of outside legal counsel are expensed as incurred.

There have been no material changes to the status of pending litigation or our accruals for legal matters disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012, filed on March 28, 2013, however; subsequent to March 31, 2013, we provided requested information to the CFPB in conjunction with their supplemental request for information that we received on February 21, 2013. We also received a further request for information on May 1, 2013, and we are currently in the process of responding.

Additionally, in the ordinary course of business, we are a defendant in various other types of legal proceedings. Although we cannot determine at this time the amount of the ultimate exposure from these lawsuits, if any, based on the advice of counsel, management does not expect the final outcome to have a material adverse effect on us.

(11) Fair Value of Financial Instruments

Fair values of financial instruments are based on estimates using quoted market prices, discounted cash flows, or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and the estimated timing and amount of future cash flows. Therefore, the estimates of fair value may differ substantially from amounts that ultimately may be realized or paid at settlement or maturity of the financial instruments and those differences may be material. Accordingly, the aggregate fair value amounts presented do not represent our underlying institutional value.

14

Limitations

Fair value of financial instruments are based on relevant market information and information about the financial instrument; they are subjective in nature and involve uncertainties, matters of judgment and, therefore, cannot be determined with ultimate precision. These estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular instrument. Changes in assumptions could significantly affect these estimates. Because the fair value is estimated as of each balance sheet date presented, the amounts that will actually be realized or paid in settlement of the instruments could be significantly different.

The following is a summary of carrying value and fair value of our financial instruments for each period presented:

	March 31, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)				(In thousands)
Finance Receivables, net (1)	$	1,461,336	$	1,550,131	$	1,370,800	$	1,441,026
Dealer Finance Receivables - GO, net	74,753		74,753		40,956		40,956
Securitization Debt	569,884		588,176		677,118		702,031
Portfolio Term Residual Financing	100,000		100,000		25,000		25,000
Bank Term Financings	319,321		319,321		347,360		347,360
Portfolio Warehouse Facilities	145,000		145,000		57,200		57,200
Senior Secured Notes Payable	198,392		222,199		198,320		220,135
Revolving Inventory Facility	111,321		111,662		91,320		91,600
Mortgage Note Payable	12,397		11,149		12,454		11,200
Real Estate Facility	11,269		11,237		11,733		11,700

^{(1)   Represents finance receivable principal balances, plus accrued interest, less the allowance for credit losses.} 

Valuation methodologies

Finance receivables

The fair value of finance receivables was estimated by discounting future cash flows expected to be collected using current rates at which similar loans would be made to borrowers with similar credit ratings and the same remaining maturities. This discounted cash flow is estimated utilizing an internal valuation model, which uses a combination of market inputs (i.e. discount rates for similar and like transactions) and our own assumptions regarding credit losses, recoveries, and prepayment rates in our portfolio. We estimate the cash flow of the portfolio and the cash flow of our retained interests in securitization and bank term financing transactions in measuring total cash flow. These cash flows are developed on a leveraged basis since our finance receivable portfolio is financed by these debt instruments and are not separable transactions.

Dealer Finance Receivables - GO

The fair value of dealer finance receivables was estimated by discounting future cash flows expected to be collected utilizing an internal loss adjusted cash flow valuation model. The cash flow valuation model uses internally generated assumptions regarding credit losses, recoveries, and prepayment rates in our portfolio, and a market discount rate.

Securitization debt

At March 31, 2013 and December 31, 2012, the fair value of securitization debt was determined using a third-party quoted market price.

Portfolio term residual financing

The portfolio term residual financing was amended in December 2012; therefore, we believe the fair value of this debt approximates carrying value at March 31, 2013 and December 31, 2012.

Bank term financings

In November 2012, we executed a bank term financing with Wells Fargo.  Because this financing was recently executed, we believe the fair value approximates carrying value at March 31, 2013 and December 31, 2012.

15

Portfolio warehouse facilities

The portfolio warehouse facilities are short term in nature and the interest rates adjust in conjunction with the lender’s cost of funds or 30-day LIBOR. The Deutsche Bank Warehouse Facility was renewed in December 2012. The Royal Bank of Scotland Warehouse Facility was renewed in March 2013. The Wells Fargo Warehouse Facility was executed in December 2011. Since the majority of the warehouse facilities were recently renewed or executed and contain a floating market rate of interest, we believe the fair value of these facilities approximate carrying value at March 31, 2013 and December 31, 2012.

Senior secured notes payable

The fair value of senior secured notes payable at March 31, 2013 and December 31, 2012 was determined using third-party quoted market prices.

Revolving inventory facility

At March 31, 2013 and December 31, 2012, the fair value of the inventory facility was determined using a third party discounted cash flow using market interest rates for this debt. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Mortgage note payable

At March 31, 2013, and December 31, 2012, the fair value of this note was determined using third-party market prices for similar commercial real estate mortgages. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Real estate facility

At March 31, 2013 and December 31, 2012, the fair value of the real estate facility was determined using a third-party discounted cash flow using market interest rates for this debt. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

(12) Subsequent Events

In April 2013, the Company paid approximately $10.9 million of dividends to shareholders relating to fourth quarter 2012 and first quarter 2013 earnings.

In May 2013, we issued an additional $50.0 million of the Senior Secured Notes in a private offering under Rule 144A and Regulation S of the Securities Act of 1933. These notes were additional notes allowed under the indenture executed in June 2010. The notes were issued with an original issuance price of 111.0%, resulting in an effective "yield to first call date" of 7.67%. Interest, maturity and covenant terms of this secondary offering are identical to those of the initial offering.

(13) Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") or other accounting standards setting bodies, which we may adopt as of the specified date required by each standard. Unless otherwise discussed, we believe the impact of recently issued standards that are not yet effective will not have a material impact on our consolidated financial statements upon adoption. We did not note any amendments to GAAP in the first quarter of 2013, which would have an effect on the Company.

16

(14) Supplemental Consolidating Financial Information

In accordance with the indenture governing the 12.625% Senior Secured Notes due 2017 (see Note 5—Debt Obligations), certain wholly-owned U.S. subsidiaries of the Company have fully and unconditionally guaranteed the Senior Secured Notes on a joint and several basis. Pursuant to Regulation S-X, Rule 3-10(f), we are required to present condensed consolidating financial information for subsidiaries that have guaranteed the debt of a registrant issued in a public offering, where the guarantee is full and unconditional, joint and several, and where the voting interest of the subsidiary is 100% owned by the registrant.

The following tables present condensed consolidating balance sheets as of March 31, 2013, and December 31, 2012; and condensed consolidating statements of operations and cash flows for the three months ended March 31, 2013 and 2012 for (i) DTAG and DTAC, —the co-issuers of the Senior Secured Notes, (ii) the separate DTAG and DTAC guarantor subsidiaries on a combined basis, (iii) the separate DTAG and DTAC non-guarantor subsidiaries on a combined basis, (iv) elimination adjustments, and (v) total consolidated amounts. Separate financial statements and other disclosures concerning the guarantor subsidiaries are not presented because management believes that such information is not material to the senior note holders. Consolidating adjustments include elimination of investment in subsidiaries, elimination of intercompany accounts; elimination of intercompany sales between guarantor and non-guarantor subsidiaries; and elimination of equity in earnings (losses) of subsidiaries. The condensed consolidating financial information should be read in conjunction with the condensed consolidated financial statements herein.

Included in the column for DTAG Guarantor Subsidiaries Combined are DriveTime Sales and Finance Company, LLC and DriveTime Car Sales Company, LLC. Included in the column for DTAC Guarantor Subsidiaries Combined are DT Credit Company, LLC, GFC Lending, LLC and DT Jet Leasing, LLC. Included in the column for DTAG Non-Guarantor Subsidiaries Combined are all other subsidiaries that are wholly-owned by DTAG. Included in the column for DTAC Non-Guarantor Subsidiaries Combined are all SPEs, which are VIEs and for which DTAC is the primary beneficiary. The column for the Issuers includes the accounts for DTAG and DTAC as issuers and as parent companies for each of its respective subsidiaries.

Consolidated amounts may be immaterially different compared to the condensed consolidated financial statements due to rounding.

17

18

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Balance Sheets

March 31, 2013

(In thousands)

	DriveTime Automotive Group, Inc.											DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non-Guarantor Subsidiary		Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non-Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
ASSETS
Cash and Cash Equivalents	$	3,327	$	510	$	5	$	—		$	3,842	$	52	$	257	$	21,580		$	—		$	21,889		$	—		$	25,731
Restricted Cash and Investments Held in Trust	—		—		—		—			—		25,027		101,924		—			—			126,951			—			126,951
Finance Receivables	—		—		—		—			—		279		—		1,739,261			—			1,739,540			—			1,739,540
Allowance for Credit Losses	—		—		—		—			—		—		—		(269,622		)	—			(269,622		)	—			(269,622		)
Finance Receivables, Net	—		—		—		—			—		279		—		1,469,639			—			1,469,918			—			1,469,918
Dealer Finance Receivables	—		—		—		—			—		74,753		—		—			—			74,753			—			74,753
Inventory	228,876		—		—		—			228,876		—		—		—			—			—			—			228,876
Property and Equipment, Net	72,924		—		—		—			72,924		5,457		15,211		2,521			—			23,189			—			96,113
Investments in Subsidiaries	—		—		348,577		(348,577		)	—		—		—		430,410			(430,410		)	—			—			—
Other Assets	1,428,316		26,135		480,864		(706,690		)	1,228,625		649,462		1,455,383		1,129,613			(2,110,920		)	1,123,538			(2,294,850		)	57,313
Total Assets	$	1,733,443	$	26,645	$	829,446	$	(1,055,267	)	$	1,534,267	$	755,030	$	1,572,775	$	3,053,763		$	(2,541,330	)	$	2,840,238		$	(2,294,850	)	$	2,079,655
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	18,571	$	—	$	—	$	—		$	18,571	$	10	$	—	$	—		$	—		$	10		$	—		$	18,581
Accrued Expenses and Other Liabilities	1,270,241		108		605,229		(706,690		)	1,168,888		726,350		6,459		2,593,550			(2,094,627		)	1,231,732			(2,294,850		)	105,770
Portfolio Term Financings	—		—		—		—			—		—		1,005,499		—			(16,293		)	989,206			—			989,206
Portfolio Warehouse Facilities	—		—		—		—			—		—		145,000		—			—			145,000			—			145,000
Senior Secured Notes Payable	—		—		99,196		—			99,196		—		—		99,196			—			99,196			—			198,392
Other Secured Notes Payable	111,321		11,269		—		—			122,590		1,681		12,397		—			—			14,078			—			136,668
Total Liabilities	1,400,133		11,377		704,425		(706,690		)	1,409,245		728,041		1,169,355		2,692,746			(2,110,920		)	2,479,222			(2,294,850		)	1,593,617
Shareholders’ Equity:
Total Shareholders’ Equity	333,309		15,268		125,021		(348,577		)	125,021		26,989		403,421		361,017			(430,410		)	361,017			—			486,038
Total Liabilities & Shareholders’ Equity	$	1,733,442	$	26,645	$	829,446	$	(1,055,267	)	$	1,534,266	$	755,030	$	1,572,776	$	3,053,763		$	(2,541,330	)	$	2,840,239		$	(2,294,850	)	$	2,079,655

19

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Balance Sheets

December 31, 2012

(In thousands)

	DriveTime Automotive Group, Inc.											DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non- Guarantor Subsidiary		Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non- Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
ASSETS
Cash and Cash Equivalents	$	6,937	$	482	$	5	$	—		$	7,424	$	9	$	423	$	18,624		$	—		$	19,056		$	—		$	26,480
Restricted Cash and Investments Held in Trust	—		—		—		—			—		16,163		90,909		—			—			107,072			—			107,072
Finance Receivables	—		—		—		—			—		—		—		1,634,622			—			1,634,622			—			1,634,622
Allowance for Credit Losses	—		—		—		—			—		—		—		(252,590		)	—			(252,590		)	—			(252,590		)
Finance Receivables, Net	—		—		—		—			—		—		—		1,382,032			—			1,382,032			—			1,382,032
Dealer Finance Receivables	—		—		—		—			—		40,956		—		—			—			40,956			—			40,956
Inventory	270,733		—		—		—			270,733		—		—		—			—			—			—			270,733
Property and Equipment, Net	70,668		—		—		—			70,668		5,807		15,216		2,706			—			23,729			—			94,397
Investments in Subsidiaries	—		—		473,828		(473,828		)	—		—		—		348,577			(348,577		)	—			—			—
Other Assets	1,226,409		26,480		383,689		(711,814		)	924,764		496,384		1,352,295		887,248			(1,857,217		)	878,710			(1,736,027		)	67,447
Total Assets	$	1,574,747	$	26,962	$	857,522	$	(1,185,642	)	$	1,273,589	$	559,319	$	1,458,843	$	2,639,187		$	(2,205,794	)	$	2,451,555		$	(1,736,027	)	$	1,989,117
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	17,342	$	—	$	—	$	—		$	17,342	$	4	$	—	$	—		$	—		$	4		$	—		$	17,346
Accrued Expenses and Other Liabilities	1,006,791		695		602,314		(711,814		)	897,986		521,476		6,703		2,228,522			(1,836,721		)	919,980			(1,736,027		)	81,939
Portfolio Term Financings	—		—		—		—			—		—		1,069,974		—			(20,496		)	1,049,478			—			1,049,478
Portfolio Warehouse Facilities	—		—		—		—			—		—		57,200		—			—			57,200			—			57,200
Senior Secured Notes Payable	—		—		99,160		—			99,160		—		—		99,160			—			99,160			—			198,320
Other Secured Notes Payable	91,320		11,733		—		—			103,053		1,774		12,454		—			—			14,228			—			117,281
Total Liabilities	1,115,453		12,428		701,474		(711,814		)	1,117,541		523,254		1,146,331		2,327,682			(1,857,217		)	2,140,050			(1,736,027		)	1,521,564
Shareholders’ Equity:
Total Shareholders’ Equity	459,294		14,534		156,048		(473,828		)	156,048		36,065		312,512		311,505			(348,577		)	311,505			—			467,553
Total Liabilities & Shareholders’ Equity	$	1,574,747	$	26,962	$	857,522	$	(1,185,642	)	$	1,273,589	$	559,319	$	1,458,843	$	2,639,187		$	(2,205,794	)	$	2,451,555		$	(1,736,027	)	$	1,989,117

20

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Statements of Operations

Three Months Ended March 31, 2013

(In thousands)

	DriveTime Automotive Group, Inc.												DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non-Guarantor Subsidiary			Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non-Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Revenue:
Sales of Used Vehicles	$	309,468	$	—		$	—	$	—		$	309,468	$	—	$	—	$	—		$	—		$	—		$	—		$	309,468
Interest Income	—		—			—		—			—		3		73,291		75,249			(73,569		)	74,974			—			74,974
Dealer Finance and Other Income	—		—			—		—			—		2,800		—		—			—			2,800			—			2,800
Other Revenue	12,130		—			12,546		—			24,676		15,980		—		523			(15,994		)	509			(25,185		)	—
Equity in Income of Subsidiaries	—		—			71,391		(71,391		)	—		—		—		50,153			(50,153		)	—			—			—
Total Revenue	321,598		—			83,937		(71,391		)	334,144		18,783		73,291		125,925			(139,716		)	78,283			(25,185		)	387,242
Costs and Expenses:
Cost of Used Vehicles Sold	211,638		—			—		—			211,638		—		—		—			—			—			—			211,638
Provision for Credit Losses	—		—			—		—			—		—		—		77,842			—			77,842			—			77,842
Portfolio Debt Interest Expense	—		—			—		—			—		—		10,186		—			—			10,186			—			10,186
Non-Portfolio Debt Interest Expense	957		135			13		—			1,105		20		464		86,788			(73,569		)	13,703			(13,489		)	1,319
Senior Secured Debt Interest Expense	—		—			3,321		—			3,321		—		—		3,320			—			3,320			—			6,641
Selling and Marketing	8,982		—			—		—			8,982		14		—		(79		)	—			(65		)	—			8,917
General and Administrative	24,837		(952		)	2,195		—			26,080		16,558		14,125		17,287			(15,994		)	31,976			(11,696		)	46,360
Depreciation Expense	4,527		—			—		—			4,527		419		135		327			—			881			—			5,408
Total Costs and Expenses	250,941		(817		)	5,529		—			255,653		17,011		24,910		185,485			(89,563		)	137,843			(25,185		)	368,311
Income (Loss) before Income Taxes	70,657		817			78,408		(71,391		)	78,491		1,772		48,381		(59,560		)	(50,153		)	(59,560		)	—			18,931
Income Tax Expense	—		83			70		—			153		—		—		189			—			189			—			342
Net Income (Loss)	$	70,657	$	734		$	78,338	$	(71,391	)	$	78,338	$	1,772	$	48,381	$	(59,749	)	$	(50,153	)	$	(59,749	)	$	—		$	18,589

21

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Statements of Operations

Three Months Ended March 31, 2012

(In thousands)

	DriveTime Automotive Group, Inc.												DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non- Guarantor Subsidiary			Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Revenue:
Sales of Used Vehicles	$	297,135	$	—		$	—	$	—		$	297,135	$	—		$	—	$	—		$	—		$	—		$	—		$	297,135
Interest Income	—		—			—		—			—		—			63,490		70,831			(63,793		)	70,528			—			70,528
Dealer Finance and Other Income	—		—			—		—			—		175			—		—			—			175			—			175
Other Revenue	11,413		—			6,760		—			18,173		14,525			—		569			(14,504		)	590			(18,763		)	—
Equity in Income of Subsidiaries	—		—			76,510		(76,510		)	—		—			—		39,219			(39,219		)	—			—			—
Total Revenue	308,548		—			83,270		(76,510		)	315,308		14,700			63,490		110,619			(117,516		)	71,293			(18,763		)	367,838
Costs and Expenses:
Cost of Used Vehicles Sold	197,161		—			—		—			197,161		—			—		—			—			—			—			197,161
Provision for Credit Losses	—		—			—		—			—		—			—		60,342			—			60,342			—			60,342
Portfolio Debt Interest Expense	—		—			—		—			—		—			10,354		—			—			10,354			—			10,354
Non-Portfolio Debt Interest Expense	813		—			10		—			823		24			494		71,894			(63,793		)	8,619			(8,399		)	1,043
Senior Secured Debt Interest Expense	—		—			3,303		—			3,303		—			—		3,303			—			3,303			—			6,606
Selling and Marketing	9,405		—			—		—			9,405		65			—		—			—			65			—			9,470
General and Administrative	20,736		(306		)	2,113		—			22,543		15,207			12,413		19,429			(14,504		)	32,545			(10,364		)	44,724
Depreciation Expense	4,210		—			—		—			4,210		260			154		327			—			741			—			4,951
Total Costs and Expenses	232,325		(306		)	5,426		—			237,445		15,556			23,415		155,295			(78,297		)	115,969			(18,763		)	334,651
Income (Loss) before Income Taxes	76,223		306			77,844		(76,510		)	77,863		(856		)	40,075		(44,676		)	(39,219		)	(44,676		)	—			33,187
Income Tax Expense	—		56			108		—			164		—			—		228			—			228			—			392
Net Income (Loss)	$	76,223	$	250		$	77,736	$	(76,510	)	$	77,699	$	(856	)	$	40,075	$	(44,904	)	$	(39,219	)	$	(44,904	)	$	—		$	32,795

22

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Statements of Cash Flows

Three Months Ended March 31, 2013

(In thousands)

	DriveTime Automotive Group, Inc.															DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non-Guarantor Subsidiary			Parent Company			Eliminations			Consolidated			Guarantor Subsidiaries Combined			Non-Guarantor Subsidiaries Combined			Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Operating Activities:
Net Income (Loss)	$	70,657		$	734		$	78,338		$	(71,391	)	$	78,338		$	1,772		$	48,381		$	(59,749	)	$	(50,153	)	$	(59,749	)	$	—		$	18,589
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used In) Operating Activities:
Provision for Credit Losses	—			—			—			—			—			—			—			77,842			—			77,842			—			77,842
Depreciation Expense	4,527			—			—			—			4,527			419			135			327			—			881			—			5,408
Amortization of Debt Issuance Costs and Debt Premium and Discount	41			15			164			—			220			—			1,276			164			—			1,440			—			1,660
Non-Cash Compensation Expense-Related Party	—			—			155			—			155			—			—			156			—			156			—			311
Loss (Gain) from Disposal of Property and Equipment	(41		)	—			—			—			(41		)	78			—			(6		)	—			72			—			31
Originations of Finance Receivables	—			—			—			—			—			(285		)	—			(311,789		)	—			(312,074		)	—			(312,074		)
Collections and Recoveries on Finance Receivable Principal Balances	—			—			—			—			—			7			—			145,916			—			145,923			—			145,923
Change in Accrued Interest Receivable and Loan Origination Costs	—			—			—			—			—			—			—			423			—			423			—			423
Decrease in Inventory	41,857			—			—			—			41,857			—			—			—			—			—			—			41,857
(Increase) Decrease in Other Assets	(398,590		)	330			(81,588		)	66,267			(413,581		)	(163,925		)	(61,553		)	(214,791		)	303,856			(136,413		)	558,823			8,829
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	264,680			(588		)	2,931			5,124			272,147			204,879			(243		)	364,599			(257,906		)	311,329			(558,823		)	24,653
Net Cash Provided By (Used In) Operating Activities	(16,869		)	491			—			—			(16,378		)	42,945			(12,004		)	3,092			(4,203		)	29,830			—			13,452
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	—			—			—			—			—			(38,960		)	—			—			—			(38,960		)	—			(38,960		)
Collections and Recoveries of Dealer Finance Receivables	—			—			—			—			—			5,163			—			—			—			5,163			—			5,163
Proceeds from Disposal of Property and Equipment	453			—			—			—			453			165			—			23			—			188			—			641
Purchase of Property and Equipment	(7,194		)	—			—			—			(7,194		)	(313		)	(131		)	(159		)	—			(603		)	—			(7,797		)
Net Cash Used In Investing Activities	(6,741		)	—			—			—			(6,741		)	(33,945		)	(131		)	(136		)	—			(34,212		)	—			(40,953		)

23

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Statements of Cash Flows

Three Months Ended March 31, 2013

(In thousands)

	DriveTime Automotive Group, Inc.													DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non-Guarantor Subsidiary			Parent Company		Eliminations		Consolidated			Guarantor Subsidiaries Combined			Non-Guarantor Subsidiaries Combined			Parent Company		Eliminations		Consolidated			Eliminations		DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Financing Activities:
Decrease in Restricted Cash	—			—			—		—		—			(8,864		)	(6,760		)	—		—		(15,624		)	—		(15,624		)
Collections, Buybacks and Change in Investments Held in Trust	—			—			—		—		—			—			(4,255		)	—		—		(4,255		)	—		(4,255		)
Additions to Portfolio Term Financings	—			—			—		—		—			—			75,000			—		—		75,000			—		75,000
Repayment of Portfolio Term Financings	—			—			—		—		—			—			(139,410		)	—		4,203		(135,207		)	—		(135,207		)
Additions to Portfolio Warehouse Facilities	—			—			—		—		—			—			210,300			—		—		210,300			—		210,300
Repayment of Portfolio Warehouse Facilities	—			—			—		—		—			—			(122,500		)	—		—		(122,500		)	—		(122,500		)
Additions to Other Secured Notes Payable	20,000			—			—		—		20,000			—			—			—		—		—			—		20,000
Repayment of Other Secured Notes Payable	—			(463		)	—		—		(463		)	(93		)	(58		)	—		—		(151		)	—		(614		)
Payment of Debt Issuance Costs	—			—			—		—		—			—			(348		)	—		—		(348		)	—		(348		)
Dividend Distributions	—			—			—		—		—			—			—			—		—		—			—		—
Net Cash Provided By (Used In) Financing Activities	20,000			(463		)	—		—		19,537			(8,957		)	11,969			—		4,203		7,215			—		26,752
Net Increase (Decrease) in Cash and Cash Equivalents	(3,610		)	28			—		—		(3,582		)	43			(166		)	2,956		—		2,833			—		(749		)
Cash and Cash Equivalents at Beginning of Period	6,937			482			5		—		7,424			9			423			18,624		—		19,056			—		26,480
Cash and Cash Equivalents at End of Period	$	3,327		$	510		$	5	$	—	$	3,842		$	52		$	257		$	21,580	$	—	$	21,889		$	—	$	25,731

24

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Statements of Cash Flows

Three Months Ended March 31, 2012

(In thousands)

	DriveTime Automotive Group, Inc.															DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non- Guarantor Subsidiary			Parent Company			Eliminations			Consolidated			Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined			Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Operating Activities:
Net Income (Loss)	$	76,223		$	250		$	77,736		$	(76,510	)	$	77,699		$	(856	)	$	40,075		$	(44,904	)	$	(39,219	)	$	(44,904	)	$	—		$	32,795
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used In) Operating Activities:
Provision for Credit Losses	—			—			—			—			—			—			—			60,342			—			60,342			—			60,342
Depreciation Expense	4,210			—			—			—			4,210			260			154			327			—			741			—			4,951
Amortization of Debt Issuance Costs and Debt Premium and Discount	(9		)	—			147			—			138			—			1,628			147			—			1,775			—			1,913
Non-Cash Compensation Expense-Related Party	—			—			233			—			233			—			—			232			—			232			—			465
Loss from Disposal of Property and Equipment	(43		)	—			—			—			(43		)	(17		)	—			—			—			(17		)	—			(60		)
Originations of Finance Receivables	—			—			—			—			—			—			—			(292,970		)	—			(292,970		)	—			(292,970		)
Collections and Recoveries on Finance Receivable Principal Balances	—			—			—			—			—			—			—			148,309			—			148,309			—			148,309
Decrease in Accrued Interest Receivable and Loan Origination Costs	—			—			—			—			—			—			—			(506		)	—			(506		)	—			(506		)
Decrease in Inventory	80,748			—			—			—			80,748			—			—			—			—			—			—			80,748
(Increase) Decrease in Other Assets	(392,660		)	(860		)	(79,037		)	75,599			(396,958		)	(215,975		)	54,673			(147,096		)	144,296			(164,102		)	567,102			6,042
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	256,446			96			927			911			258,380			227,018			(1,467		)	272,488			(168,746		)	329,293			(567,102		)	20,571
Net Cash Provided By (Used In) Operating Activities	24,915			(514		)	6			—			24,407			10,430			95,063			(3,631		)	(63,669		)	38,193			—			62,600
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	—			—			—			—			—			(5,627		)	—			—			—			(5,627		)	—			(5,627		)
Collections and Receoveries of Dealer Finance Receivables	—			—			—			—			—			178			—			—			—			178			—			178
Proceeds from Disposal of Property and Equipment	364			—			—			—			364			70			—			22			—			92			—			456
Purchase of Property and Equipment	(4,587		)	—			—			—			(4,587		)	(1,419		)	460			(104		)	—			(1,063		)	—			(5,650		)
Net Cash Provided By (Used In) Investing Activities	(4,223		)	—			—			—			(4,223		)	(6,798		)	460			(82		)	—			(6,420		)	—			(10,643		)

25

DriveTime Automotive Group, Inc. and Subsidiaries

Condensed Consolidating Statements of Cash Flows

Three Months Ended March 31, 2012

(In thousands)

	DriveTime Automotive Group, Inc.														DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non- Guarantor Subsidiary			Parent Company			Eliminations		Consolidated			Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined			Parent Company			Eliminations		Consolidated			Eliminations		DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Financing Activities:
Decrease in Restricted Cash	—			—			—			—		—			(3,396		)	(5,103		)	—			—		(8,499		)	—		(8,499		)
Collections, Buybacks and Change in Investments Held in Trust	—			—			—			—		—			—			(1,785		)	—			—		(1,785		)	—		(1,785		)
Additions to Portfolio Warehouse Facilities	—			—			—			—		—			—			—			—			—		—			—		—
Repayment of Portfolio Warehouse Facilities	—			—			—			—		—			—			(112,289		)	—			—		(112,289		)	—		(112,289		)
Additions to Portfolio Term Financings	—			—			—			—		—			—			195,800			—			—		195,800			—		195,800
Repayment of Portfolio Term Financings	—			—			—			—		—			—			(108,000		)	—			—		(108,000		)	—		(108,000		)
Additions to Other Secured Notes Payable	—			—			—			—		—			—			—			—			—		—			—		—
Repayment of Other Secured Notes Payable	(14,390		)	—			—			—		(14,390		)	(89		)	(52		)	—			—		(141		)	—		(14,531		)
Payment of Debt Issuance Costs	(25		)	—			(6		)	—		(31		)	—			(520		)	(6		)	—		(526		)	—		(557		)
Dividend Distributions	—			—			—			—		—			—			(63,669		)	(5,260		)	63,669		(5,260		)	—		(5,260		)
Net Cash Provided By (Used In) Financing Activities	(14,415		)	—			(6		)	—		(14,421		)	(3,485		)	(95,618		)	(5,266		)	63,669		(40,700		)	—		(55,121		)
Net Increase (Decrease) in Cash and Cash Equivalents	6,277			(514		)	—			—		5,763			147			(95		)	(8,979		)	—		(8,927		)	—		(3,164		)
Cash and Cash Equivalents at Beginning of Period	2,868			595			5			—		3,468			52			397			22,013			—		22,462			—		25,930
Cash and Cash Equivalents at End of Period	$	9,145		$	81		$	5		$	—	$	9,231		$	199		$	302		$	13,034		$	—	$	13,535		$	—	$	22,766

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(15) Segment Information

We operate in two principal operating business segments: DriveTime and GO Financial. We organize our business based on the nature of the services and products offered. Transactions between segments are eliminated in consolidation.

Revenue and operating income (loss) for each segment are provided below for the three months endedMarch 31, 2013 and March 31, 2012, while assets and liabilities are presented as of March 31, 2013 and December 31, 2012.

	Three Months Ended						Three Months Ended
	March 31, 2013						March 31, 2012
	DriveTime		GO		Total		DriveTime		GO			Total
Revenue:	(In thousands)
Sales of Used Vehicles	$	309,468	$	—	$	309,468	$	297,135	$	—		$	297,135
Interest Income	74,971		3		74,974		70,528		—			70,528
Dealer Finance and Other Income	—		2,800		2,800		—		175			175
Total Revenue:	$	384,439	$	2,803	$	387,242	$	367,663	$	175		$	367,838
Expenses:
Interest Expense	18,146		—		18,146		18,003		—			18,003
Depreciation Expense	5,277		131		5,408		4,876		75			4,951
Other Costs and Operating Expenses	342,853		1,904		344,757		310,466		1,231			311,697
Total Costs and Expenses:	$	366,276	$	2,035	$	368,311	$	333,345	$	1,306		$	334,651
Income (Loss) Before Income Taxes:	$	18,163	$	768	$	18,931	$	34,318	$	(1,131	)	$	33,187

	March 31, 2013						December 31, 2012
	DriveTime		GO		Total		DriveTime		GO		Total
	(In thousands)
Assets:	$	2,003,189	$	76,466	$	2,079,655	$	1,946,714	$	42,403	$	1,989,117
Liabilities:	$	1,592,176	$	1,441	$	1,593,617	$	1,520,866	$	698	$	1,521,564
Equity:	$	411,013	$	75,025	$	486,038	$	425,848	$	41,705	$	467,553

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is provided as a supplement to, and should be read in conjunction with, our audited consolidated financial statements, the accompanying notes and the MD&A for the year ended December 31, 2012, included in our Annual Report on Form 10-K filed with the SEC on March 28, 2013, as well as our condensed consolidated financial statements and the accompanying notes included in Item 1 of this Form 10-Q.

Unless otherwise indicated in this Quarterly Report on Form 10-Q, the terms “DriveTime,” the “Company,” “we,” “our” and “us” refer to DriveTime Automotive Group, Inc. and its subsidiaries as a consolidated entity.

Overview

We are the leading used vehicle retailer in the United States with a primary focus on the sale and financing of quality vehicles to the subprime market. Through our branded dealerships, we provide our customers with a comprehensive end-to-end solution for their automotive needs, including the sale, financing, and maintenance of their vehicles. As of March 31, 2013, we owned and operated 100 dealerships and 17 reconditioning facilities in 19 states. For the three months endedMarch 31, 2013, we sold 19,607 vehicles, generated $387.2 million of total revenue and $48.5 million of Adjusted EBITDA. We provide our customers with financing for substantially all of the vehicles we sell. We historically have not utilized third-party finance companies or banks to finance vehicles for our customers, and many of our customers may be unable to obtain financing to purchase a vehicle from another company, therefore, financing is an essential component of the services that we provide to our customers. As of March 31, 2013, our loan portfolio had a total outstanding principal balance of $1.7 billion. We maintain our loan portfolio and related financings on our balance sheet.

Over the past 20 years, we have developed an integrated business model that consists of vehicle acquisition, reconditioning, sales, underwriting and finance, loan servicing, and after sale support. We believe that our model enables us to operate successfully in the underserved subprime market. In addition, we believe that our model allows us to systematically open new dealerships in existing and new markets throughout the United States.

Select information regarding the regions in which we operate is as follows:

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	Three Months Ended
	March 31, 2013			As of March 31, 2013
State	# of Units Sold	Percent of Unit Sales Volume		Number of Stores	Number of Reconditioning Facilities	# of  Active Loans	Loan Principal		% of Portfolio
							(In thousands)
Texas	3,899	19.9	%	18	4	32,913	$	384,359	22.4	%
Florida	2,859	14.6	%	18	2	22,845	261,348		15.2	%
North Carolina	1,610	8.2	%	9	1	13,800	163,058		9.6	%
Georgia	1,545	7.8	%	7	1	11,093	130,818		7.7	%
Arizona	1,227	6.3	%	6	1	10,267	108,947		6.4	%
Tennessee	1,151	5.9	%	5	1	6,260	83,020		4.9	%
Virginia	1,135	5.8	%	6	1	10,033	110,887		6.5	%
Alabama	859	4.4	%	5	1	3,944	53,224		3.1	%
California	835	4.3	%	4	1	6,718	75,524		4.4	%
South Carolina	785	4.0	%	4	—	4,928	63,827		3.7	%
Ohio	783	4.0	%	3	—	1,926	28,409		1.7	%
Nevada	643	3.3	%	2	1	5,830	64,948		3.8	%
New Mexico	451	2.3	%	3	1	4,657	48,745		2.9	%
Oklahoma	438	2.2	%	3	—	2,962	38,703		2.3	%
Mississippi	312	1.6	%	1	—	1,354	19,371		1.1	%
Indiana	311	1.6	%	2	1	1,657	24,084		1.4	%
Colorado	311	1.6	%	2	1	3,251	35,458		2.1	%
Missouri	256	1.2	%	1	—	389	6,069		0.4	%
Arkansas	197	1.0	%	1	—	398	6,252		0.4	%
	19,607	100.0	%	100	17	145,225	$	1,707,051	100.0	%

Current Strategic Initiatives

Indirect Lending – GO Financial. In December 2011, we launched a new indirect lending line of business, GFC Lending LLC dba GO Financial (“GO Financial” or “GO”). GO provides subprime auto financing to third-party automobile dealerships. The third-party automobile dealerships originate retail installment sales contracts to finance purchases of vehicles by customers with demographics similar to DriveTime. GO enters into a dealer servicing agreement with each of the third-party automobile dealerships whereby, subsequent to verification of a qualifying customer loan, GO advances funds to the dealership through a non-recourse loan (“dealer advance”). Once originated, GO performs the loan servicing of both the dealer advance to the dealership and the underlying customer loan to the end customer. Another subsidiary of DT Acceptance Corporation, DT Credit Company, LLC serves as the servicer of the underlying customer loans, on behalf of GO. We believe this indirect lending program provides an opportunity for independent dealerships to sell additional vehicles to customers with subprime credit, and provides us with incremental profitability to supplement our existing operations. At March 31, 2013 we had $74.8 million and at December 31, 2012 we had $41.0 million in dealer finance receivables outstanding.

On-Line Auto Sales – Carvana. In January 2013, through Carvana, LLC (“Carvana”), we launched a new sales channel that enables a customer to buy a car, from click to delivery, 100% online over the internet. Carvana’s target customer demographic is not specific to credit, and is geared to attract a broader credit spectrum and income classification than that of DriveTime and GO Financial. Carvana (www.Carvana.com) is a 360-degree, integrated used car buying experience that enables consumers to purchase used vehicles online through a highly efficient and transparent process. Initially launching in Georgia, with plans to expand regionally, then nationally, Carvana’s business and operations will fully integrate all steps of the vehicle sales process, including: (a) vehicle search, (b) vehicle tour and detail, (c) credit scoring, (d) customer financing, (e) eContracting, (f) verification of customer data, (g) electronic down payment, and (h) vehicle delivery. Carvana is not expected to have a significant net impact to our consolidated results for 2013. To a certain extent, Carvana will utilize DriveTime’s existing infrastructure, with customized aspects of each component of the DriveTime business process. Sales through Carvana

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may be financed by either DriveTime or third-party lenders. Carvana's results of operations were not material to our operating results for the three months ended March 31, 2013.

First Quarter 2013 Highlights

• Total revenue increased 5.3% to $387.2 million, compared to first quarter 2012.

• Unit sales increased 2.4% to 19,607 vehicles sold, compared to first quarter 2012.

• Originations increased 6.5% to $312.1 million, compared to first quarter 2012.

• GO Financial increased its active dealer base from 191 to 262 dealers and funded $39.0 million in dealer advances.

• We opened three new dealerships in two new geographic regions, including Miami and Fort Myers, Florida.

Special Note Regarding Forward-Looking Statements

This report contains “forward-looking statements,” which include information relating to future events, future financial performance, strategies, expectations, competitive environment, regulation, and availability of resources. These forward-looking statements include, without limitation, statements concerning projections, predictions, expectations, estimates, or forecasts as to our business, financial and operational results, and future economic performance; and statements of management’s goals and objectives and other similar expressions concerning matters that are not historical facts. Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, as well as statements in future tense, identify forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to:

• changes to our business plan that are currently being implemented, and those that may be implemented in the future, may not be successful and may cause unintended consequences;

• interest rates affect our profitability and cash flows and an increase in interest rates will increase our interest expense and lower our profitability and liquidity;

• general, wholesale used vehicle auction prices, and economic conditions and their effect on automobile sales;

• seasonal and other fluctuations in our results of operations;

• our ability to complete any pending financing transactions.

For additional information regarding risks that may cause our actual results to differ materially from any forward-looking statements, see the “Risk Factors” section of our Annual Report on Form 10-K, filed with the SEC on March 28, 2013, which identifies events and important risk factors that could cause actual results to differ materially from those contained in our forward-looking statements. Forward-looking statements speak only as of the date the statements are made. You should not put undue reliance on any forward-looking statements. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Critical Accounting Policies

For information on critical accounting policies, see “Critical Accounting Policies” included in Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2012. These policies relate to revenue recognition, revenue recognition for dealer finance receivables, allowance for credit losses, recovery receivables, valuation of inventory, secured financings, and our limited warranty accrual.

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Factors Affecting Comparability

We have set forth below selected factors that we believe have had, or can be expected to have, a significant effect on the comparability of recent or future results of operations:

Revenue Recognition

We typically include our DriveCare® limited warranty as part of the bundled retail price of each vehicle we sell, recognizing revenue and costs related to the warranty at the time of the sale. Beginning in the fourth quarter of 2012, however, we began offering our DriveCare® limited warranty as a separately priced unbundled service contract in our dealerships located in Tennessee, Virginia and Ohio and, subsequent to December 31, 2012, expanded this offering to California. The revenue and costs related to these unbundled service contracts is deferred and recognized over the life of the service contract instead of at the time of the sale of the vehicle. Expansion of the regions in which we offer unbundled service contracts will negatively impact our gross revenue, gross margin, and net income in future periods when compared to historical results due to the revenue deferral associated with unbundling. However, we do not expect unbundling to have a negative economic or cash flow impact on the Company. For the first quarter 2013 compared to first quarter 2012, total revenue and net income were negatively impacted by $6.7 million and $5.4 million, respectively, as a result of deferred revenue associated with separately priced service contracts.

GO Financial

In December 2011, we launched GO Financial. GO provides indirect subprime auto financing to non-DriveTime dealers. GO began operations during our fourth quarter of 2011 and was not material to our financial results for the first quarter March 31, 2012. However, for the three months ended March 31, 2013, GO originated $39.0 million in dealer finance receivables and at March 31, 2013 had total assets of $76.5 million. For the first quarter of 2013, GO generated $2.8 million in total revenue and $0.8 million in net income compared to $0.2 million of revenue and $1.1 million loss for the first quarter 2012. We expect that GO’s originations of dealer finance receivables will continue to grow during 2013, thereby increasing our total revenue, portfolio size, and operating expenses as GO hires personnel, organizes and registers in various states with various regulatory authorities, and incurs other costs of doing business.

New Business Line – Carvana

In January 2013, through Carvana, we launched a new sales channel that enables a customer to buy a car, from click to delivery, 100% online over the internet. Carvana’s target customer demographic is not specific to credit, and is geared to attract a broader credit spectrum and income classification than that of DriveTime and GO Financial. Carvana is not expected to have a significant net impact to our consolidated results for 2013, though it will incur operating expenses as it hires personnel, obtains state licensing and registers with regulatory agencies and incurs other costs of doing business, thereby increasing our general and administrative expenses. Carvana's operating results were not material for the three months ended March 31, 2013, or 2012.

Seasonality

Historically, we have experienced higher revenues in the first quarter of the calendar year than in the last three quarters of the calendar year. We believe these results are due to seasonal buying patterns resulting, in part, because many of our customers receive income tax refunds during the first quarter of the year, which are a primary source of down payments on used vehicle purchases. Our portfolio of finance receivables also has historically followed a seasonal pattern, with delinquencies and charge-offs being the highest in the second half of the year.

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Selected Historical Consolidated Financial and Other Data

The following table sets forth our selected historical consolidated financial and operating data as of the dates and for the periods indicated.

	As of and for the
	Three Months Ended March 31,
	2013			2012
	(Unaudited)
	($ In thousands except per vehicle data)
Consolidated Statement of Operations Data:
Total Revenue	$	387,242		$	367,838
Total Costs and Expenses	$	368,311		$	334,651
Income Before Income Taxes	$	18,931		$	33,187
Net Income	$	18,589		$	32,795
Other Financial Data:
EBITDA (1)	$	42,485		$	56,141
Adjusted EBITDA (1)	$	48,493		$	56,179
Dealerships:*
Dealerships in operation at end of period	100			90
Average number of vehicles sold per dealership per month	67			72
Retail Sales:*
Number of used vehicles sold	19,607			19,145
Average age of vehicles sold (in years)	5.9			5.9
Average mileage of vehicles sold	82,224			80,839
Per vehicle sold data:
Average net revenue per vehicle sold	$	15,784		$	15,520
Average cost of vehicle sold	$	(10,794	)	$	(10,298	)
Average gross margin	$	4,990		$	5,222
Gross margin percentage	31.6		%	33.6		%
Loan Portfolio:*
Principal balances originated	$	312,074		$	292,970
Average amount financed per origination	$	15,982		$	15,298
Number of loans outstanding—end of period	145,225			142,627
Principal outstanding—end of period	$	1,707,051		$	1,566,492
Average principal outstanding	$	1,616,127		$	1,484,085
Average effective yield on portfolio (2)	19.1		%	19.6		%
Allowance for credit losses as a percentage of portfolio principal	15.7		%	15.1		%
Portfolio performance data:*
Portfolio delinquencies over 31-90 days	10.1		%	6.5		%
Principal charged-off as a percentage of outstanding principal (3)	6.1		%	5.6		%
Recoveries as a percentage of principal charged-off (3)	37.9		%	45.9		%
Net charge-offs as a percentage of average principal (3)	3.8		%	3.0		%
Financing and Liquidity:*
Unrestricted cash and availability (4)	$	177,763		$	224,075
Ratio of net debt to shareholders’ equity (5)	2.8x			2.2x
Total average debt	$	1,440,300		$	1,189,990
Weighted average effective borrowing rate on total debt (6)	5.1		%	6.1		%

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	March 31, 2013			December 31, 2012
	(In thousands)
Consolidated Balance Sheet Data:
Cash and Cash Equivalents	$	25,731		$	26,480
DriveTime and GO Finance Receivables (7)	$	1,814,293		$	1,675,578
Allowance for Credit Losses - DriveTime	$	(269,622	)	$	(252,590	)
Inventory	$	228,876		$	270,733
Total Assets	$	2,079,655		$	1,989,117
Total Debt (8)	$	1,469,266		$	1,422,279
Shareholders’ Equity	$	486,038		$	467,553

^{*     Selected financial data excludes GO Financial. For GO Financial selected financial data see —Results of operations - GO Financial.}  

^{(1)  See definition of EBITDA and Adjusted EBITDA in Management’s Discussion and Analysis – Non-GAAP discussion} 

^{(2)  Average effective yield represents the interest income earned at the contractual rate (stated APR) less the write-off of accrued interest on charged-off loans and amortization of loan origination costs (which includes the write-off of unamortized loan origination costs on charged-off loans), plus interest earned on investments held in trust and late fees earned.} 

^{(3)  Information is not annualized due to the seasonality of charge-offs and receivables.} 

^{(4)  Unrestricted cash and availability consists of cash and cash equivalents plus available borrowings under the portfolio warehouse, residual, and inventory facilities, based on assets pledged or available to be pledged to the facilities.} 

^{(5)  Net debt is calculated as total debt less restricted cash and investments held in trust securing various debt facilities. Ratio of net debt to shareholders’ equity is calculated as net debt divided by total shareholders’ equity.} 

^{(6)  Weighted average effective borrowing rate includes the effect of amortization of discounts, debt issuance costs, and unused line fees.} 

^{(7)  Includes DriveTime principal balances, accrued interest, and capitalized loan origination costs, and GO carrying value of dealer finance receivables.} 

^{(8)  Total debt excludes accounts payable, accrued expenses, and other liabilities.} 

The following tables sets forth select balance sheet information and credit ratios on an actual basis and on an adjusted basis, giving effect to the additional $50.0 million of Senior Secured Notes issued in May 2013 and use of the net proceeds therefrom:

	Three Months Ended March 31, 2013
	Actual		As Adjusted (1)
	(In thousands)
Balance Sheet Data:
Cash and Cash Equivalents	$	25,731	$	25,731
Restricted cash and investments held in trust	$	126,951	$	126,951
Total assets	$	2,079,655	$	2,080,892
Total portfolio debt	$	1,134,206	$	1,084,205
Total debt	$	1,469,266	$	1,471,305
Shareholders' equity	$	486,038	$	485,236
Credit Ratios:
Ratio of net debt to shareholders' equity	2.8x		2.8x
Secured Collateral Coverage ratio	1.9x		2.3x
Ratio of Adjusted EBITDA to interest expense	2.4x		2.4x

^{(1)  Gives effect to (i) the offering of $50 million of senior secured notes in May 2013, as if it occured on March 31, 2013, including the use of proceeds to pay-down warehouse facility and inventory facility debt (ii) additional interest expense that would have been incurred had the $50 million of senior notes been outstanding since January 1, 2013, and (iii) the pledging of the residual interests in SPE's (for collateral coverage ratio) not currently pledged.} 

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Results of Operations - DriveTime

The following table sets forth our results of operations for the periods indicated:

	Three Months Ended March 31,
	2013		2012		% Change
	($ in thousands)
Revenue:
Sales of Used Vehicles	$	309,468	$	297,135	4.2%
Interest Income	74,974		70,528		6.3%
Dealer Finance and Other Income	2,800		175		1,500.0%
Total Revenue	387,242		367,838		5.3%
Costs and Expenses:
Cost of Used Vehicles Sold	211,638		197,161		7.3%
Provision for Credit Losses	77,842		60,342		29.0%
Portfolio Debt Interest Expense	10,186		10,354		(1.6)%
Non-Portfolio Debt Interest Expense	1,319		1,043		26.5%
Senior Secured Debt Interest Expense	6,641		6,606		0.5%
Selling and Marketing	8,917		9,470		(5.8)%
General and Administrative	46,360		44,724		3.7%
Depreciation Expense	5,408		4,951		9.2%
Total Costs and Expenses	368,311		334,651		10.1%
Income Before Income Taxes	18,931		33,187		(43.0)%
Income Tax Expense	342		392		(12.8)%
Net Income	$	18,589	$	32,795	(43.3)%

The following table sets forth net income, adjusted for factors affecting comparability, which are more fully described in the "Net Income" discussion below:

	Three months ended March 31,
	2013			2012		% Change
	($ In thousands)
Net Income	$	18,589		$	32,795	(43.3)%
GO Financial (Income)/Loss	(768		)	1,131		(167.9)%
Carvana (Income)/Loss	977			—		100.0%
Change in Deferred Income (1)	5,356			—		100.0%
Adjusted Net Income	$	24,154		$	33,926	(28.8)%

^{(1)    Deferred income is the net effect of the change in deferred costs and revenues related to the sale of unbundled service contracts.} 

Sales of used vehicles

Revenue from sales of used vehicles increased during the three months ended March 31, 2013 compared to 2012. The increase in revenue was primarily due to an increase in sales volume as a result of opening new dealerships, coupled with an increase in the average sales price per vehicle sold. Since March 31, 2012 we opened a net of ten additional dealerships. The increase in average sales price per vehicle sold is attributable to an overall increase in the average cost of used vehicles sold, primarily as a result of an increase in wholesale used vehicle prices causing our acquisition costs to increase. In addition, sales revenue was negatively affected by approximately $6.7 million of deferred revenue, as a result of offering our DriveCare® limited warranty as a separately priced product in Virgina, Tennessee and Ohio, as well as by the IRS delays in processing income tax refunds, which caused a negative impact on the seasonal buying patterns of our customers. See also “—Cost of used vehicles sold” and "—Gross Margin" for further discussion on vehicle cost and deferred revenue.

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Interest income

Interest income increased during the three months ended March 31, 2013, compared to the same period in 2012. This increase is primarily due to an increase in our average portfolio principal outstanding. Average portfolio principal outstanding increased $132.0 million for the three months endedMarch 31, 2013 compared to 2012. This increase was the result of an increase in originations over portfolio run-off. Partially offsetting the increase in average portfolio size was a decrease in average effective yield on our receivables period over period, as a result of a decrease in average APR of contracts originated. See also "—Originations" for further discussion.

Cost of used vehicles sold

Total cost of used vehicles sold increased for the three months ended March 31, 2013, compared to 2012. The increase was due to an increase in the number of vehicles sold and an increase in the average cost per vehicle sold. Our cost of vehicles sold per unit increased primarily as a result of higher acquisition costs at auction. Wholesale used vehicle prices are higher primarily due to an increased demand for used vehicles, coupled with a decrease in supply of used vehicles nationwide. Vehicles sold in the first quarter are generally acquired in the fourth quarter of the prior year, therefore, since wholesale auction prices were still at relatively high levels when acquired, our costs of vehicles remained at fourth quarter levels. In addition, in the fourth quarter 2012 we began acquiring newer vehicles with lower mileage, which also affected our average costs.

Gross margin

Gross margin as a percentage of sales revenue decreased to 31.6% from 33.6% for the three months ended March 31, 2013 compared to 2012. Gross margin was adversely impacted in the first quarter of 2013 as a result of the effects related to offering our DriveCare® limited warranty as a separately priced product in Virginia, Tennessee and Ohio. Excluding the effects of unbundling the warranty in these states, gross margin percentage would have been 33.4% in 2013 compared to 33.6% in 2012. Gross margin also continues to be affected by an increased vehicle acquisition cost. Only a portion of the increase in base cost of vehicles were passed on to customers through an increase in sales price due to competitive pressure and to maintain affordability for our customers. As we experience wholesale pricing pressure, our ability to pass on costs to our customers is limited, because our customers are generally sensitive to down payment and monthly payment amounts.

Provision for credit losses

Provision for credit losses increased for the three months ended March 31, 2013, compared to 2012. The increase is primarily the result of an increase in the principal balance of loans outstanding as a result of increased sales volume, plus an increase in net charge-off.

Net charge-offs as a percent of average outstanding principal increased to 3.8% from 3.0% for the three months ended March 31, 2013 compared to 2012, as a result of an increase in gross charge-offs, coupled with a decrease in our recovery rate. Gross principal charged-off increased to 6.1% in the first quarter 2013 compared to 5.6% in 2012. Influencing gross loss rates were higher average principal charged-offs due in part to historical high used vehicle prices, which resulted in the sale of older, higher mileage vehicles and longer financing terms to maintain customer payment affordability, plus general economic conditions including unemployment and underemployment rates, and the latent impact of the disruption of our collection operations resulting from the terminated transaction for the sale of the Company in 2012. Recoveries as a percentage of principal charged-off decreased to 37.9% from 45.9% for the three months ended March 31, 2013 compared to 2012. Through the first quarter of 2012, the used vehicle wholesale market continually realized increases in values as a result of increased demand for used vehicles coupled with a decline in supply, leading to historical high post-repossession wholesale recovery values at auction. However, beginning in the second quarter of 2012 and continuing into the first quarter of 2013, the market softened partially as a result of rising new vehicle sales, increasing the inventory of used vehicles from trade-ins and an increase in supply of fleet vehicles as rental companies are retiring more vehicles.

Our allowance as a percent of principal outstanding increased from 15.1% at March 31, 2012 to 15.7% at March 31, 2013. The increase in the allowance rate is driven by our expectation that recovery values will continue to decline during 2013, combined with an increase in gross charge-off expectations as a result of an increase in average term.

Portfolio debt interest expense

Total portfolio debt interest expense decreased slightly for the three months ended March 31, 2013, compared to the same period in 2012. The decrease in expense is the result of the decrease in the overall cost of funds of our portfolio debt offset by an increase in the outstanding balance of portfolio debt period over period. Cost of funds of portfolio debt decreased to 3.7% for the three months ended March 31, 2013 compared to 4.6% in 2012. The decrease in our costs of funds is attributable to lower borrowing costs of our recent securitizations, bank term financing, and warehouse facilities. We utilize our warehouse facilities to fund our origination growth.

35

Non-portfolio debt interest expense

Total non-portfolio debt interest expense increased for the three months ended March 31, 2013, compared to the same period in 2012. The increase was primarily due to increased borrowings on our inventory facility as a result of an increase in our vehicle inventory. In addition, we added a $25.0 million real estate facility in 2012. As a result, the average balance outstanding of non-portfolio debt increased to $119.2 million for the three months ended March 31, 2013 from $97.3 million for the same period in 2012.

Selling and marketing expense

Selling and marketing expenses decreased for the three months ended March 31, 2013, compared to the same period in 2012. The decrease was due primarily to a decrease in television production costs. In the first quarter of 2012, we incurred costs to produce a new advertising campaign, whereas our production for the 2013 campaign was incurred and expensed in December 2012. The decrease in television production costs was partially offset by an increase in expense related to our internet marketing efforts, and entering into new markets.

General and administrative expense

General and administrative expenses increased for the three months ended March 31, 2013 compared to 2012, primarily as a result of the increased number of dealerships and reconditioning centers in operation year over year, and a corresponding increase in salaries and wages as we increased the number of employees in conjunction with our overall expansion. Total employees increased by approximately 190 from March 31, 2012 to March 31, 2013. Operating lease expense also increased due to the increased number of facilities in operation combined with an increase in the per facility location costs as our new locations have a larger footprint than legacy locations.

Depreciation expense

Depreciation expense increased for the three months ended March 31, 2013 compared to 2012. This increase was primarily the result of an increase in capital expenditures associated with the expansion of our dealership base and information technology infrastructure.

Net income

Net income decreased $14.2 million for the three months ended March 31, 2013 compared to 2012. Excluding the effects of deferred service contract revenue, GO Financial and Carvana net income/(loss), proforma net income for the three months ended March 31, 2013 was $23.4 million, a $10.5 million decrease compared to first quarter 2012. We attribute the decrease in first quarter 2013 net income primarily to (i) IRS delays in processing income tax refunds, causing a negative impact on the seasonal buying patterns of our customers coupled with seasonal collection patterns; (ii) higher net charge-offs related to loan performance and lower recovery rates on repossessed vehicles due to a decline in wholesale auction values; (iii) higher retail operating expenses from new dealership openings in the second half of 2012; and (iv) the effects of deferred service contract revenue in regions where we recently began offering our limited warranty as a separately priced service contract.

Originations

The following table sets forth information regarding our originations for the periods indicated.

	Three Months Ended March 31,						Change
	2013			2012
	($ In thousands except per loan data)
Amount originated	$	312,074		$	292,970		$	19,104
Number of loans originated	19,526			19,141			385
Average amount financed per origination	$	15,982		$	15,298		$	684
Average APR originated	19.9		%	20.4		%	(0.5		)%
Average term (in months)	63.6			57.5			6.1
Average down payment per origination	$	1,194		$	1,230		$	(36	)
Down payment as a percent of amount financed	7.5		%	8.0		%	(0.5		)%
Percentage of sales revenue financed (1)	100.8		%	98.6		%	2.2		%

^{(1) Sales revenue is calculated as gross revenue net of sales back-out reserve and sales discounts.} 

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We originate loans in conjunction with each vehicle we sell, unless the sale is a cash transaction. The balance on these loans, together with accrued interest and unamortized loan origination costs, comprises our portfolio of finance receivables. Our receivables are then financed through securitizations, bank term financings and warehouse facilities in order to generate liquidity for our business. See “—Liquidity and Capital Resources.”

The principal amount of loans we originated increased for the three months ended March 31, 2013 compared to 2012. The increase was due to an increase in the number of used vehicles sold, an increase in the average amount financed per loan originated as a direct result of an increase in the average sales price per vehicle sold, and a decrease in the average down payment per loan originated. Average APR decreased and average term increased as a result of our overall interest rate and financing/underwriting strategy, which is designed to optimize affordability to our customers, while considering the effects of retail costs and vehicle pricing. The increase in vehicle costs have indirectly affected origination APR and increased term in an effort to maintain customer affordability. The increase in the percentage of sales revenue financed is primarily a result of a lower average down payment combined with a higher average sales price, coupled with the effects of customers financing the cost of the DriveCare® warranty in states where we offer the warranty as a separately priced service contract.

Receivables portfolio

The following table shows the characteristics of our finance receivables portfolio for the periods indicated:

	As of and for the
	Three Months Ended March 31,
	2013			2012			Change
	($ In thousands except per loan data)
Average remaining principal per loan, end of period	$	11,755		$	10,983		$	772
Weighted Average APR of contracts outstanding	20.3		%	20.6		%	(0.3		)%
Average age per loan (in months)	14.5			15.1			(0.6		)
Delinquencies:
Delinquencies 31-60 days	6.9		%	4.3		%	2.6		%
Delinquencies 61-90 days	3.2		%	2.2		%	1.0		%
Delinquencies 91-120 days	0.5		%	0.3		%	0.2		%
Total Delinquencies over 30 days	10.6		%	6.8		%	3.8		%

Delinquencies

As a percentage of total outstanding loan principal balances, delinquencies over 30 days increased year over year. The increase in delinquencies is the result of our change in collection strategy for early delinquencies aimed to improve customer experience while reducing cost of servicing and centralization of collection efforts for early delinquencies, which includes the use of off-shore services. As a result of the terminated transaction for the sale of the Company in 2012, turnover of collections personnel increased, we enacted a collections hiring freeze, and experienced a general disruption of our collections operations, all which adversely impacted delinquencies. We also closed our regional collection centers in Orlando, Florida, and Richmond, Virginia, which temporarily impacted delinquencies. Since the termination of the transaction and closure of our regional facilities, we have taken steps to increase collections personnel and supplement our closed regional centers, to our normal staffing levels.

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Results of Operations - GO Financial

GO Financial began operations in December 2011. The first quarter 2012 was GO's first quarter of operations, which was the primary driver of the variances period over period. The following table sets forth our results of operations for the periods indicated:

	Three months ended March 31,
	2013		2012
	(In thousands)
Revenue:
Dealer Finance Income	$	2,039	$	124
Other Income	764		51
Total Revenue	$	2,803	$	175
Costs and Expenses:
Selling and Marketing	$	13	$	65
General and Administrative	1,891		1,166
Depreciation Expense	131		75
Total Costs and Expenses	$	2,035	$	1,306
Income (Loss) before Income Taxes	$	768	$	(1,131	)
Income Tax Expense (Benefit)	—		—
Net Income / (Loss)	$	768	$	(1,131	)

Dealer finance and other income

Dealer finance and other income represents the finance income recognized on our dealer finance receivable portfolio and income recognized on other ancillary products offered by GO. Our average portfolio of dealer finance receivables for the three months ended March 31, 2013 was $57.9 million. We had 262 active dealers participating in our indirect lending program at March 31, 2013. Other income consists of income from GPS devices and service contracts offered by GO dealer participants to their customers at time of originating an installment sale contract.

Operating Expenses

GO's total operating expenses for the three months ended March 31, 2013 increased compared to the same period in 2012. The primary components leading to the increase in operating expenses are an increase in salaries, wages, and other employee expenses combined with an increase in servicing fees. Salaries and wages increased due to the increase in headcount related to GO's growth. For the three months ended March 31, 2013 we had 67 employees compared to 15 for the same period in 2012. Servicing fees increased as we serviced a greater number on contracts for the three months ended March 31, 2013 than we did during the same period in 2012. Total open contracts as of March 31, 2013 were 9,604 compared to 643 at the end of the same period in 2012.

The following table summarizes information related to the GO portfolio of dealer finance receivables, originations, collections, portfolio performance, and other key operating metrics:

	Three months ended March 31,
	2013			2012
	($ In thousands, except per contract information)
Originations:
Total dealer advance funded	$	38,960		$	5,627
Number of contracts funded	5,027			643
Average amount advanced per contract	$	7,750		$	8,751
Average Advance Rate	73.0		%	75.0		%
Dealers:
Number of Funding Dealers	262			53
Total Number of Dealers	377			97
Number of Active Pools	318			50
Number of Closed Pools	56			—

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39

Liquidity and Capital Resources

General

We require capital to provide financing to our customers, for the purchase of vehicle inventory, for capital improvements to open new dealerships and reconditioning facilities, and for general corporate purposes, including the purchase of property and equipment and to fund operations.

We historically have funded our capital requirements through operating cash flow, portfolio warehouse facilities, securitizations, bank term financings, residual financing, inventory and other revolving debt facilities, real estate mortgage financing, and other notes payable (including senior secured notes, junior secured notes, senior unsecured notes, and subordinated notes).

Recent financing and cash flow transactions

During the three months ended March 31, 2013, we renewed our portfolio warehouse facility with RBS. The facility amount is $125.0 million with and advance rate of 65%. Outstanding balances bear interest at LIBOR plus 2.25%. The facility expires in March 2014, with a one year term-out feature. In April 2013, we paid $10.9 million in dividends to shareholders related to income earned during the three months ended March 31, 2013.

Liquidity

The following is a summary of total available liquidity, consisting of unrestricted cash and current availability under our portfolio warehouse and inventory facilities for the periods indicated:

	March 31, 2013		December 31, 2012		March 31, 2012
	(In thousands)
Liquidity
Unrestricted Cash	$	25,731	$	26,480	$	22,766
Portfolio Warehouse Facilities	133,353		54,185		199,893
Term Residual Facility	—		9,058		—
Inventory Facility	18,679		48,679		1,416
Total Liquidity	$	177,763	$	138,402	$	224,075

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The following table presents a summary of our access to liquidity under our portfolio warehouse facilities and our inventory facility based on collateral pledged as of March 31, 2013:

Components of Liquidity	Facility Amount		Amount Drawn		Unused Facility Amount		Borrowing Base		Amount Drawn		Total Availability
	(In thousands)
Deutsche Bank Warehouse Facility	$	150,000	$	48,100	$	101,900	$	69,030	$	48,100	$	20,930	(1)
Wells Fargo Warehouse Facility	150,000		53,000		97,000		68,298		53,000		15,298		(2)
RBS Warehouse Facility	125,000		43,900		81,100		74,920		43,900		31,020		(3)
DTAC Receivables	N/A		N/A		N/A		36,105		N/A		36,105		(4)
GO Receivables	N/A		N/A		N/A		30,000		N/A		30,000		(5)
Total Portfolio Warehouse Facilities	$	425,000	$	145,000	$	280,000	$	278,353	$	145,000	$	133,353
Term Residual Facility	100,000		100,000		—		100,000		100,000		—
Inventory Facility	130,000		111,321		18,679		130,000		111,321		18,679
	$	655,000	$	356,321	$	298,679	$	508,353	$	356,321	152,032
Unrestricted Cash											25,731
Total Cash and Availability											$	177,763

^{(1)  Excludes $3.4 million of warehouse cash collections per borrowing base definition.} 

^{(2)  Excludes $2.9 million of warehouse cash collections per borrowing base definition.} 

^{(3)  Assumes collection and reserve amounts on deposit of $3.3 million are used to paydown amount drawn.} 

^{(4)  Includes $57.9 million of unpledged qualifying receivables that can be pledged immediately and bring total borrowing to our maximum capacity. The borrowing base is the lesser of total eligible collateral multiplied by the applicable advance rate and the facility amount.}  

^{(5)  Includes $86.6 million of unpledged qualifying receivables that can be pledged immediately and bring total borrowing to our maximum capacity. The borrowing base is the lesser of total eligible collateral multiplied by the applicable advance rate and the facility amount.}  

Changes in liquidity

Changes in liquidity are affected by increases and decreases to our operating cash flow, changes in advance rates on our portfolio warehouse facilities, capacity of our portfolio warehouse and inventory facilities, portfolio term financings, and changes in other notes payable. The following is a summary of changes in liquidity for each period presented:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Liquidity, Beginning of Period	$	138,402		$	230,267
Net Decrease in Cash and Cash Equivalents	(749		)	(3,164		)
Increase in Portfolio Warehouse Availability	79,168			51,056
Decrease in Term Residual Facility Availability	(9,058		)	—
(Decrease) in Inventory Facility Availability	(30,000		)	(54,084		)
Liquidity, End of Period	$	177,763		$	224,075

Liquidity for the three months ended March 31, 2013 increased $39.4 million as a result of an increase in the advance rate on the RBS facility, obtaining eligibility on GO receivables as collateral under certain facilities and drawing $75 million from the term residual facility. These increases were partially offset by a decrease in inventory facility availability and an increase in operational cash requirements. Liquidity for the three months ended March 31, 2012 decreased $6.2 million as a result of a decrease in cash and cash equivalents combined with a decrease in availability under our revolving inventory facility. These decreases were partially offset by an increase in portfolio warehouse availability. The decrease in availability under our inventory facility is a result of a decrease in inventory borrowing base which is directly correlated to a decrease in our inventory levels. The increase in availability in our warehouse facilities is directly related to an increase in originations.

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Cash flows

Operating activities

For the three months endedMarch 31, 2013, net cash provided by operating activities was $13.5 million, compared to $62.6 million for the same period in 2012 . The decrease in cash provided by operating activities was primarily attributable to less of a seasonal decrease in inventory levels in 2013, an increase in originations over portfolio run-off, and lower net income.

Investing activities

For the three months endedMarch 31, 2013, net cash used in investing activities was $41.0 million compared to $10.6 million for the same period in 2012. This increase was primarily the result of an increase in dealer finance receivable originations for GO as compared to 2012.

Financing activities

For the three months endedMarch 31, 2013, net cash provided by financing activities was $26.8 million, compared to a use of $55.1 million in the first quarter 2012. This change in cash flows was primarily the result of $75.0 million draw on our term residual facility and a $20.0 million draw on our revolving inventory facility related to an increase in vehicle inventory on hand. These transactions were partially offset by an increase in the repayment of portfolio term facilities and an increase in restricted cash as compared to 2012.

Senior Secured Notes Collateral

Our Senior Secured Notes require us to maintain a collateral coverage ratio of 1.5x the aggregate principal amount of outstanding Senior Secured Notes. The following is the calculation of the collateral coverage ratio as of March 31, 2013. This calculation is not meant to portray a GAAP summary of collateral but rather a summary of collateral as it resides legally within the Guarantor Subsidiaries, Non-Guarantor Subsidiaries, and Co-Issuers of the Senior Secured Notes.

	As of March 31, 2013
	Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Co-Issuers		Total
	(In thousands)
Collateral Amounts:
Net Receivables Value (1)	$	—	$	87,569	$	212,378	$	299,947
Net Inventory Value (2)	73,773				—		73,773
Cash Equivalents (3)	—		—		—		—
Total Collateral Amount	$	73,773	$	87,569	$	212,378	$	373,720
12.625% Senior Secured Notes							200,000
Collateral Coverage Ratio							1.9x

^{(1)  Receivables Value equals 85% of the finance receivables (including accrued interest and capitalized loan costs) minus debt (exclusive of Senior Secured Notes) collateralized by finance receivables (including accrued interest) plus cash equivalents securing such debt. The Senior Secured Notes are excluded from this calculation.} 

^{(2)  Net Inventory Value equals 85% of the book value of inventory pledged as collateral minus debt obligations (including accrued interest) secured by inventory. The Senior Secured Notes are excluded from this calculation.} 

^{(3)  Cash equivalents equal cash and equivalents pledged directly to secure the Senior Secured Notes.} 

Impact of New Accounting Pronouncements

For a discussion of recent accounting pronouncements applicable to us, see Note 13—Recent Accounting Pronouncements, to our condensed consolidated financial statements included in Item 1 of this report.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements other than operating leases (see below) that have or are reasonably likely to have a material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources.

We lease the majority of our dealership and reconditioning facilities under operating leases. See Note 10- Commitments and Contingencies-Lease commitments to our condensed consolidated financial statements included in Item 1 of this report.

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Impact of Inflation

Inflation generally results in higher interest rates on our borrowings, which could decrease the profitability of our existing portfolio to the extent we have variable rate debt and could decrease profitability of our future originations if we are not able to pass the increase on to our customers. We may seek to limit the risk of increasing borrowing costs:

• through fixed rate portfolio term financings, which allowed us to fix a portion of our borrowing costs and generally match the term of the underlying finance receivables, and

• by increasing the interest rate charged for loans originated at our dealerships (if allowed under applicable law) while maintaining affordability of the customers’ payment.

The used vehicle market has experienced strong appreciation in used vehicle wholesale prices over the past couple of years. The appreciation resulted, in part, from a reduced supply of used vehicles in the market due to a decline in new car industry sales coupled with a decrease in used vehicle trade-in activity compared with pre-recession levels. Higher wholesale values increased our vehicle acquisition and related costs. In addition, we increased the age and mileage of vehicles we sell in order to maintain affordability for the customer. These increased costs led to an increase in our average selling price for used vehicles; however, we chose to only pass a portion of these costs to our customers in order to maintain affordability for our customers. Higher wholesale values also improved our recovery values as a percentage of principal charged-off.

Non-GAAP Discussion

EBITDA and Adjusted EBITDA, which we refer to as the non-GAAP financial measures, are supplemental measures of our performance that are not required by, or presented in accordance with GAAP. The non-GAAP financial measures are not measures of our financial performance under GAAP and should not be considered as an alternative to GAAP net income (loss) or any other performance measures derived in accordance with GAAP.

We present non-GAAP financial measures because we consider them to be important supplemental measures of our operating performance. All of the adjustments made in our calculation of the non-GAAP financial measures are adjustments to items that management does not consider to be reflective of our core operating performance. Management considers our core operating performance to be that which can be affected by our managers in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period.

However, because these non-GAAP financial measures are not recognized measurements under GAAP, when analyzing our operating performance investors should use these non-GAAP financial measures in addition to, and not as an alternative for, net income, operating income, or any other performance measure presented in accordance with GAAP, or as an alternative to cash flow from operating activities or as a measure of our liquidity. Because not all companies use identical calculations, our presentation of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies.

Because of these limitations, EBITDA and Adjusted EBITDA and other non-GAAP financial measures should not be considered as discretionary cash available to us to reinvest in the growth of our business. You should compensate for these limitations by relying primarily on our GAAP results and using these non-GAAP financial measures supplementally.

EBITDA represents net income (loss) before income tax expense, total interest expense (secured and unsecured) and depreciation expense. Adjusted EBITDA represents EBITDA plus store closing costs, sales tax refund adjustments, restricted stock compensation expense and the effect of deferred income related to service contract unbundling.

In evaluating EBITDA and Adjusted EBITDA, you should be aware that in the future we may incur expenses similar to the adjustments described above. Our presentation of EBITDA and Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by expenses that are unusual, non-routine, or non-recurring. EBITDA and Adjusted EBITDA have limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are that it does reflect:

• cash expenditures for capital expenditures or contractual commitments;

• changes in, or cash requirements for, our working capital requirements;

• interest expense, or the cash requirements necessary to service interest or principal payments on our indebtedness;

• the cost or cash required to replace assets that are being depreciated or amortized; and

43

• the impact on our reported results of earnings or charges resulting from items accounted for in the GAAP measure from which EBITDA and Adjusted EBITDA is derived.

The following table presents data relating to EBITDA and Adjusted EBITDA, which are non-GAAP measures, for the periods indicated:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Net income:	$	18,589	$	32,795
Plus EBITDA adjustments:
Income tax expense	342		392
Total interest expense	18,146		18,003
Depreciation expense	5,408		4,951
EBITDA	42,485		56,141
Store closing costs (1)	59		276
Sales tax refund adjustments (2)	283		(703		)
Restricted stock compensation expense (3)	310		465
Deferred income adjustments (4)	5,356		—
Adjusted EBITDA	$	48,493	$	56,179

^{(1)  Store closing costs represent ongoing costs to close stores in 2008 and 2009 related to downsizing (and do not include stores closed in the normal course of business).} 

^{(2)  Represents non-cash adjustments to sales tax refunds related to loans charged-off in prior periods.} 

^{(3)  Represents compensation expense related to a restricted stock agreement between the Company and Mr. Fidel.} 

^{(4)  Represents the accounting effect of deferring income related to the sale of separately priced service contracts.} 

Item 3. Quantitative and Qualitative Disclosures about Market Risk

There have been no material changes to our market risk since December 31, 2012. For information on our exposure to market risk, refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in our Form 10-K filed with the SEC on March 28, 2013.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Based on their evaluation as of the end of the period covered by this Quarterly Report on Form 10-Q, the Chief Executive Officer and Chief Financial Officer have concluded that the disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934) are effective to ensure that information required to be disclosed by the Company in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Additionally, our disclosure controls and procedures were also effective in ensuring that information required to be disclosed by the Company in the reports we file or subject under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosures.

Change in Internal Control over Financial Reporting

There has been no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the quarter ended March 31, 2013, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

44

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The description of our material pending legal proceedings is set forth in Note 10—Commitments and Contingencies to our condensed consolidated financial statements included in Item 1 of this report and is incorporated herein by reference.

Item 1A. Risk Factors

In connection with information set forth in this quarterly report on Form 10-Q, the factors discussed under “Risk Factors” in our Form 10-K filed with the SEC on March 28, 2013, should be considered. These risks could materially and adversely affect our business, financial condition, and results of operations. There have been no material changes to the factors discussed in our Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Recent sales of unregistered securities

None

Purchases of equity securities by the issuer and affiliated purchasers

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

None

45

Item 6. Exhibits

Exhibit #	Description of Document
3.1.1	Amended and Restated Certificate of Incorporation of Ugly Duckling Corporation (former name of DriveTime Automotive Group, Inc.) (incorporated by reference to Exhibit 3.1.1 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.1.2.1	Articles of Incorporation of DriveTime Acceptance Corporation (former name of DT Acceptance Corporation) (incorporated by reference to Exhibit 3.1.2.1 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.1.2.2	Articles of Amendment to the Articles of Incorporation of DriveTime Acceptance Corporation (former name of DT Acceptance Corporation) (incorporated by reference to Exhibit 3.1.2.2 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.1.3	Articles of Organization of DriveTime Car Sales Company, LLC (incorporated by reference to Exhibit 3.1.3 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.1.4	Articles of Organization of DriveTime Sales and Finance Company, LLC (incorporated by reference to Exhibit 3.1.4 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.1.5	Articles of Organization of DT Credit Company, LLC (incorporated by reference to Exhibit 3.1.5 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.1.6	Articles of Organization of DT Jet Leasing, LLC (incorporated by reference to Exhibit 3.1.6 to our Registration Statement on Form S- 4/A filed on October 19, 2010)
3.2.1	By-laws of Ugly Duckling Corporation (former name of DriveTime Automotive Group, Inc.) (incorporated by reference to Exhibit 3.2.1 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.2.2	Bylaws of DriveTime Acceptance Corporation (former name of DT Acceptance Corporation) (incorporated by reference to Exhibit 3.2.2 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.2.3	Operating Agreement of DriveTime Car Sales Company, LLC (incorporated by reference to Exhibit 3.2.3 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.2.4	Operating Agreement of DriveTime Sales and Finance Company, LLC (incorporated by reference to Exhibit 3.2.4 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.2.5	Operating Agreement of DT Credit Company, LLC (incorporated by reference to Exhibit 3.2.5 to our Registration Statement on Form S-4/A filed on October 19, 2010)
3.2.6	Operating Agreement of DT Jet Leasing, LLC (incorporated by reference to Exhibit 3.2.6 to our Registration Statement on Form S- 4/A filed on October 19, 2010)
4.1.1	Indenture governing 12.625% Senior Secured Notes due 2017, including the form of 12.625% Senior Secured Notes due 2017, among DriveTime Automotive Group, Inc., DT Acceptance Corporation, DriveTime Car Sales Company, LLC, DriveTime Sales and Finance Company, LLC, DT Credit Company, LLC, DT Jet Leasing, LLC and Wells Fargo Bank, National Association, dated as of June 4, 2010 (incorporated by reference to Exhibit 3.1.1 to our Registration Statement on Form S-4/A filed on October 19, 2010)
4.1.2	First Supplemental Indenture governing 12.625% Senior Secured Notes due 2017, dated as of September 20, 2010, among DriveTime Automotive Group, Inc., DT Acceptance Corporation, Approval Services Company, LLC and Wells Fargo Bank, National Association, as Trustee. (incorporated by reference to Exhibit 4.1.2 to our Registration Statement on Form S-4/A filed on October 19, 2010)
4.1.3	Second Supplemental Indenture, dated as of August 16, 2011, by and among DriveTime Automotive Group, Inc., DT Acceptance Corporation, Wells Fargo Bank, National Association and Go Financial Company LLC (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed on August 22, 2011)
4.1.4	Third Supplemental Indenture, dated as of October 6, 2011, by and among DriveTime Automotive Group, Inc., DT Acceptance Corporation, Wells Fargo Bank, National Association and DriveTime Ohio Company, LLC (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed on October 13, 2011)
4.1.5	Fourth Supplemental Indenture, dated as of March 30, 2012, by and among DriveTime Automotive Group, Inc., DT Acceptance Corporation, Wells Fargo Bank, National Association, as Trustee and Collateral Agent and Carvana, LLC (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed on April 5, 2012)

46

Exhibit #	Description of Document
4.2.1	Security Agreement dated as of June 4, 2010, among DT Acceptance Corporation, DriveTime Automotive Group, Inc., DriveTime Car Sales Company, LLC, and Wells Fargo Bank, National Association. (incorporated by reference to Exhibit 4.1.3 to our Registration Statement on Form S-4/A filed on February 2, 2011)†
4.2.2	Supplement No. 1 dated as of October 28, 2011 to the Security Agreement dated as of June 4, 2010, among DriveTime Automotive Group, Inc., DT Acceptance Corporation, DriveTime Car Sales Company, LLC, and Wells Fargo Bank, National Association or the Secured Parties (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed on November 3, 2011)
4.2.3	Supplement No. 2, dated as of March 30, 2012 to the Security Agreement dated as of June 4, 2010, among DriveTime Automotive Group, Inc., DT Acceptance Corporation, DriveTime Car Sales Company, LLC and Wells Fargo Bank, National Association, as collateral agent for the Secured Parties (incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed on April 5, 2012)
4.3	Pledge Agreement dated as of June 4, 2010, between DT Acceptance Corporation and Wells Fargo Bank, National Association. (incorporated by reference to Exhibit 4.1.4 to our Registration Statement on Form S-4/A filed on February 2, 2011)†
4.4	Pledge Letter dated as of August 2, 2010, amending the Pledge Agreement dated as of June 4, 2010. (incorporated by reference to Exhibit 4.1.5 to our Registration Statement on Form S-4/A filed on February 2, 2011)
4.5	Intercreditor Agreement, dated as of June 4, 2010, among Santander Consumer USA Inc. and Manheim Automotive Financial Services, Inc., Wells Fargo Bank, National Association, and as Trustee for the Holders (as defined therein), DriveTime Automotive Group, Inc., DriveTime Sales and Finance Company, LLC, DriveTime Car Sales Company, LLC, and DT Acceptance Corporation, and each of the other Loan Parties party thereto. (incorporated by reference to Exhibit 4.1.6 to our Registration Statement on Form S-4/A filed on February 2, 2011)
4.6	Registration Rights Agreement, dated June 4, 2010, among DriveTime Automotive Group, Inc., DT Acceptance Corporation, DriveTime Car Sales Company, LLC, DriveTime Sales and Finance Company, LLC, DT Credit Company, LLC, DT Jet Leasing, LLC, Jefferies & Company, Inc., RBS Securities Inc. and UBS Securities LLC (incorporated by reference to Exhibit 4.2 to our Registration Statement on Form S-4/A filed on October 19, 2010)
4.7	Registration Rights Agreement, dated June 6, 2011, by and among DT Acceptance Corporation, DriveTime Automotive Group, Inc., DriveTime Sales and Finance Company, LLC, DriveTime Car Sales Company, LLC, DT Credit Company, LLC, DT Jet Leasing, LLC, Approval Services Company, LLC and RBS Securities Inc. (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on June 10, 2011)
4.8	Registration Rights Agreement, dated May 2, 2013, by and among DriveTime Automotive Group, Inc., DT Acceptance Corporation, the subsidiary guarantors named therein and the Initial Purchases set forth on Schedule I thereto. (incorporated by reference to Exhibit 4.1 to our Form 8-K filed on May 8, 2013)
10.1	Amendment No. 1, dated February 14, 2013, to the Amended and Restated Loan and Servicing Agreement, dated December 31, 2012, by and among DT Warehouse II, LLC, DT Credit Company, LLC, Wells Fargo Bank, National Association and Santander Consumer USA Inc.*
10.2	Amendment No. 2, dated March 15, 2013, to the Loan and Security Agreement, dated December 23, 2011, by and among DT Warehouse V, LLC, DT Credit Company, LLC, Wells Fargo Bank, National Association, Wells Fargo Securities, LLC and Wells Fargo Bank, National Association*
10.3	Amendment No. 5, dated March 13, 2013, to the Loan and Servicing Agreement, dated July 23, 2010, by and among DT Warehouse IV, LLC, DT Credit Company, LLC, Wells Fargo Bank, National Association, the Commercial Paper Conduits from time to time party thereto, the Financial Institutions from time to time party thereto, and The Royal Bank of Scotland plc.*
10.4	Amendment No. 6, dated March 26, 2013, to the Loan and Servicing Agreement, dated July 23, 2010, by and among DT Warehouse IV, LLC, DT Credit Company, LLC, Wells Fargo Bank, National Association, the Commercial Paper Conduits from time to time party thereto, the Financial Institutions from time to time party thereto, and The Royal Bank of Scotland plc.*
10.5	Amendment No. 7, dated April 2, 2013, to Loan and Servicing Agreement, dated July 23, 2010, by and among DT Warehouse IV, DT Credit Company, Wells Fargo Bank, National Association, The Royal Bank of Scotland plc, and other parties named therein.*
10.6	Purchase Agreement, dated April 25, 2013, by and among DriveTime Automotive Group, Inc., DT Acceptance Corporation, the subsidiary guarantors named therein and the Initial Purchases set forth on Schedule I thereto. (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on April 30, 2013)

47

Exhibit #	Description of Document
31.1	Certification of Chief Executive Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2	Certification of Chief Financial Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

* Filed herewith.

** Furnished herewith.

† Portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission in accordance with an order granting confidential treatment pursuant to the Securities Exchange Act of 1934, as amended.

48

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DRIVETIME AUTOMOTIVE GROUP, INC.
Date: May 10, 2013	By:	/s/ Mark G. Sauder
		Name: Mark G. Sauder
		Title: Chief Financial Officer & Executive VP
	DT ACCEPTANCE CORPORATION
Date: May 10, 2013	By:	/s/ Mark G. Sauder
		Name: Mark G. Sauder
		Title: Chief Financial Officer & Executive VP

49

EX-10.1

EXECUTION VERSION

AMENDMENT NO. 1 TOAMENDED AND RESTATED LOAN AND SERVICING AGREEMENT

This AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AND SERVICING AGREEMENT, dated as of February 14, 2013 (this “Amendment”), is executed by and among DT WAREHOUSE II, LLC, a Delaware limited liability company, as Borrower, DT CREDIT COMPANY, LLC, an Arizona limited liability company, as Servicer, WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Paying Agent and Securities Intermediary, and SANTANDER CONSUMER USA INC., as Lender and Backup Servicer. Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed thereto in the “Loan and Servicing Agreement” (defined below).

WITNESSETH:

WHEREAS, the Borrower, the Servicer, the Lender, the Backup Servicer, the Securities Intermediary and the Paying Agent entered into that certain Amended and Restated Loan and Servicing Agreement dated as of December 31, 2012 (the “Loan and Servicing Agreement”); and

WHEREAS, as provided herein, the parties hereto have agreed to amend certain provisions of the Loan and Servicing Agreement as described below.

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1.Amendment to the Loan and Servicing Agreement. Effective as of the date hereof, and subject to the satisfaction of the conditions precedent and subsequent set forth in Section 2 hereof, the Loan and Servicing Agreement is hereby amended as follows:

1.1Both definitions of “Facility Limited (Term Loans)” set forth in Section 1.01 of the Loan and Servicing Agreement are hereby deleted and the following definition of “Facility Limited (Term Loans)” shall be included in Section 1.01 in its proper alphabetical order:

“Facility Limit (Term Loans)” means at any timethe Commitment (Term Loans).

1.2Effective as of the January 27, 2013 Measurement Date, the definition of “Delinquency Measurement Contract” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended and restated as follows:

“Delinquency Measurement Contract” means, as of any date of determination, a Contract, other than a Charged-Off Contract, as to which all or any portion of any Scheduled Payment in excess of 10.00% of such Scheduled Payment is due and unpaid for more than 60 days but less than 121 days.

1.3The definition of “Level Two Trigger Event” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended by deleting clause (a) thereof and substituting, in lieu thereof, respectively, the following:

(a)    (i) prior to December 31, 2013, the Rolling Average Delinquency Ratio (Managed Portfolio Contracts) shall exceed 12.50% on two or more consecutive Measurement Dates, and (ii) thereafter, the Rolling Average Delinquency Ratio (Managed Portfolio Contracts) shall, on two or more consecutive Measurement Dates, exceed the greater of 8.00% and lowest of the delinquency ratios for Managed Contracts (however so defined under each Residual Warehouse Facility) under any Residual Warehouse Facility which would result in an event of Termination.

SECTION 2.Conditions to Effectiveness. This Amendment shall become effective as of the date hereof upon receipt by the Lender of counterparts of this Amendment executed by each of the parties hereto.

SECTION 3.Representations, Warranties and Confirmations. Each of the Servicer and the Borrower hereby represents and warrants that:

3.1It has the power and is duly authorized to execute and deliver this Amendment.

3.2The execution and delivery of this Amendment has been duly authorized by all corporate or limited liability company action necessary on its part.

3.3This Amendment and the Loan and Servicing Agreement as amended hereby, constitute legal, valid and binding obligations of such parties and are enforceable against such parties in accordance with their terms.

3.4Immediately prior, and after giving all effect, to this Amendment, the covenants, representations and warranties of each such party, respectively, set forth in the Loan and Servicing Agreement and as amended hereby, are true and correct in all material respects as of the date hereof (except to the extent such representations or warranties relate solely to an earlier date and then as of such date).

3.5Immediately prior, and after giving all effect, to this Amendment, no event, condition or circumstance has occurred and is continuing which constitutes an Event of Termination or Incipient Event of Termination.

SECTION 4.Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire agreement concerning the subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications.

SECTION 5.Effectiveness of Amendment. Except as expressly amended by the terms of this Amendment, all terms and conditions of the Loan and Servicing Agreement shall remain in full force and effect and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other modification of any other term or condition set forth in the Loan and Servicing Agreement or any right, power or remedy of any Lender under the Loan and Servicing Agreement. Upon the effectiveness of this Amendment, each reference in the Loan and Servicing Agreement to “this Agreement” or “this Loan and Servicing Agreement” or words of like import shall mean and be references to the Loan and Servicing Agreement as amended hereby, and each reference in any other Facility Document to the Loan and Servicing Agreement or to any terms defined in the Loan and Servicing Agreement which are modified hereby shall mean and be references to the Loan and Servicing Agreement or to such terms as modified hereby.

SECTION 6.GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 7.Severability. In case any provision in this Amendment will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

SECTION 8.Binding Effect. This Amendment shall be binding upon and shall be enforceable by parties hereto and their respective successors and permitted assigns.

SECTION 9.Headings. The Section headings herein are for convenience only and will not affect the construction hereof.

SECTION 10.Novation. This Amendment does not constitute a novation or termination of the Loan and Servicing Agreement or any Facility Document and all obligations thereunder are in all respects continuing with only the terms thereof being modified as provided herein.

SECTION 11.Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument.

[SIGNATURE PAGE TO FOLLOW]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the date first above written.

DT WAREHOUSE II, LLC

By: /s/ Jon Ehlinger                    
Name: Jon Ehlinger
Title: Secretary

DT CREDIT COMPANY, LLC

By: /s/ Jon Ehlinger                    
Name: Jon Ehlinger
Title: Secretary

WELLS FARGO BANK, NATIONAL ASSOCIATION
as Paying Agent and Securities Intermediary

By: /s/ Jeanine C. Casey                
Name: Jeanine C. Casey
Title: Vice President

SANTANDER CONSUMER USA INC.
as Lender and Backup Servicer

By: /s/ Jason A. Kulas                
Name: Jason A. Kulas
Title: Chief Financial Officer

EX-10.2

EXECUTION COPY

AMENDMENT NO. 2 TO
LOAN AND SECURITY AGREEMENT

This Amendment No. 2, dated as of March 15, 2013 (this “Amendment”), is among DT Warehouse V, LLC, as borrower (the “Borrower”), DT Credit Company, LLC, as servicer (the “Servicer”), Wells Fargo Bank, National Association, as lender (the “Lender”), Wells Fargo Securities, LLC, as administrative agent (the “Administrative Agent”), and Wells Fargo Bank, National Association, as collateral custodian (in such capacity, the “Collateral Custodian”) and backup servicer (in such capacity, the “Backup Servicer”), and relates to the Loan and Security Agreement, dated as of December 23, 2011, as amended by Amendment No. 1 to Loan and Security Agreement, dated as of December 11, 2012 (the “Original Loan Agreement” and, as amended by this Amendment, the “Loan Agreement”), in each case among the Borrower, the Servicer, the Lender, the Administrative Agent, the Collateral Custodian and the Backup Servicer.

Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Original Loan Agreement.

RECITALS

WHEREAS, the parties hereto desire to amend various provisions of the Original Loan Agreement on the terms and in the manner set forth herein.

NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Section 1.01 Amendments.

(a)The definition of “Certificate of Title” in Section 1.1 of the Original Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

Certificate of Title: With respect to a Financed Vehicle, (i) the original certificate of title relating thereto, or copies of correspondence to the applicable Registrar of Titles, and all enclosures thereto, for issuance of the original certificate of title or (ii) if the applicable Registrar of Titles issues a letter or other form of evidence of lien in lieu of a certificate of title (including electronic titling), the original lien entry letter or form or copies of correspondence to such applicable Registrar of Titles, and all enclosures thereto, for issuance of the original lien entry letter or form, which, in either case, shall name the related Obligor as the owner of such Financed Vehicle and the Originator, the Borrower, GO or the Administrative Agent, as secured party.

(b)The definition of “Concentration Limits” in Section 1.1 of the Original Loan Agreement is hereby amended by adding the following clause (v) and removing the word “and” after clause (iii) and inserting after clause (iv):

SF1 1935939v.13 03/13/2013 11:09 AM

(v)    not more than $30,000,000.00 of the Borrowing Base consist of Pledged Contracts that are GO Contracts.

(c)The definition of “Contract” in Section 1.1 of the Original Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

Contract: A (i) retail installment or conditional sale contract, with any modifications made in accordance with the Credit and Collection Policy, provided, however, that no such modification has reduced the Principal Balance or reduced the APR of such Contract, originated by any of DTCS or the Originator at any time, pursuant to which the related Obligor has (a) purchased a new or used Motor Vehicle from a DT Entity or, with the consent of the Administrative Agent, a Dealer, (b) granted a security interest in the Motor Vehicle to secure the Obligor’s payment obligations, and (c) agreed to pay the unpaid purchase price and a finance charge in periodic installments no less frequently than monthly and (ii) GO Contract.

(d)The definition of “Dealer Agreement” in Section 1.1 of the Original Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

Dealer Agreement: (i) An agreement between a DT Entity and the Originator or, with the prior written consent of the Administrative Agent, a Dealer and a DT Entity, regarding the terms and conditions of the acquisition by the Originator from such Dealer of Contracts, which agreement includes (a) certain representations, warranties and covenants of such Dealer acceptable to the Borrower with respect to the Contracts sold by such Dealer, (b) the agreement of such Dealer to repurchase the Contract and any related Contract with respect to which one or more of such representations and warranties has been breached and (c) the agreement by such Dealer to (x) maintain all licenses required by Applicable Law at the time of the sale by such Dealer of a Contract and (y) have had all licenses required by Applicable Law at the time of the origination by such Dealer of a Contract and (ii) a GO Dealer Agreement.

(e)The definition of “GO” is hereby added, in its correct alphabetical order, in Section 1.1 of the Original Loan Agreement with the following:

GO: GFC Lending LLC.

(f)The definition of “GO Contract” is hereby added, in its correct alphabetical order, in Section 1.1 of the Original Loan Agreement with the following:

GO Contract: Each retail installment sales contract, containing, in substance, the material provisions set forth in the form attached hereto as Exhibit Q, relating to the sale of a Motor Vehicle which was (i) originated by a Dealer pursuant to which the related Obligor has (a) purchased a new or used Motor Vehicle from a Dealer, (b) granted a security interest in the Motor Vehicle to secured the Obligor’s payment obligations, and (c) agreed to pay the unpaid purchase price and a finance charge in periodic installments

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no less frequently than monthly and (ii) sold to GO pursuant to the related GO Dealer Agreement.

(g)The definition of “GO Dealer Agreement” is hereby added, in its correct alphabetical order, in Section 1.1 of the Original Loan Agreement with the following:

GO Dealer Agreement: An agreement between GO and a Dealer, in substantially the form attached hereto as Exhibit R, regarding the terms and conditions of the acquisition by GO from such Dealer of GO Contracts, which agreement includes (i) the agreement of such Dealer to repurchase the GO Contract with respect to which one or more representations and warranties set forth therein has been breached, (ii) the agreement by such Dealer to (a) maintain all licenses required by Applicable Law at the time of the sale by such Dealer of each GO Contract and (b) have had all licenses required by Applicable Law at the time of the origination by such Dealer of each GO Contract and (iii) certain backend payments which shall be paid by GO.

(h)The definition of “GO Origination Agreement” is hereby added, in its correct alphabetical order, in Section 1.1 of the Original Loan Agreement with the following:

GO Origination Agreement: An agreement between GO and the Originator, which is approved by the Administrative Agent, regarding the terms and conditions of the acquisition by the Originator from GO of GO Contracts, which agreement includes (i) certain representations, warranties and covenants of GO acceptable to the Originator with respect to each GO Contract sold by GO, (ii) the agreement of GO to repurchase each GO Contract with respect to which one or more of such representations and warranties has been breached, and (iii) the agreement by GO to (a) maintain all licenses required by Applicable Law at the time of the sale by such Dealer of each GO Contract and (b) have had all licenses required by Applicable Law at the time of the origination by such Dealer of each GO Contract.

(i)The definition of “Pledged Contract” in Section 1.1 of the Original Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

Pledged Contract: At any date, each Contract (including any GO Contract) in which the Borrower at any time and from time to time has an interest, whether or not such Contract is an Eligible Contract, excluding any (i) Contract released from the Lien of this Agreement pursuant hereto and (ii) Terminated Contract.

(j)Clause (xiii) of Section 11.1 of the Original Loan Agreement is hereby amended by deleting such clause in its entirety and replacing it with the following:

(xiii)    any failure by the Borrower to give reasonably equivalent value to the Originator in consideration for the transfer by the Originator to the Borrower of any of the Pledged Contracts and the related Collateral, any dispute or claim of a Dealer with

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SF1 1935939v.13 03/13/2013 11:09 AM

respect to any GO Dealer Agreement related to any Pledged Contracts including any backend payments, any dispute or claim of GO or the Originator with respect to the GO Origination Agreement, or any attempt by any Person to void or otherwise avoid any such transfer under any statutory provision or common law or equitable action, including any provision of any Insolvency Laws;

(k)Clause (l) of Schedule A of the Original Loan Agreement is hereby amended by deleting such clause in its entirety and replacing it with the following:

(l)    that was either originated by DTCS or the Originator in a Permitted State or is a GO Contract;

(l)Clause (q) of Schedule A of the Original Loan Agreement is hereby amended by deleting such clause in its entirety and replacing it with the following:

(q)    that, (i) if originated by DTCS, was transferred by DTCS to the Originator pursuant to the Origination Agreement, (a) at the time originated by DTCS or the Originator, satisfied the creditworthiness and other advance criteria in the Credit and Collection Policy or was otherwise approved by the Administrative Agent and (b) was originated without any fraud or misrepresentation on the part of DTCS, the Originator or any other Person and (ii) if a GO Contract, was transferred by GO to the Originator pursuant to the GO Origination Agreement, (a) at the time originated by the related Dealer, satisfied the creditworthiness and other advance criteria in the related GO Dealer Agreement or was otherwise approved by the Administrative Agent and (b) was originated without any fraud or misrepresentation on the part of such Dealer;

(m)“Exhibit Q – Form of GO Contract” is added to the Original Loan Agreement, in substantially the form attached hereto as Annex 1

(n)“Exhibit R – Form of GO Dealer Agreement” is added to the Original Loan Agreement, in substantially the form attached hereto as Annex 2.

Section 1.02 Representation and Warranties.

(a)Each of the Borrower and the Servicer represents and warrants to the other parties hereto as of the date hereof that (i) each of its representations and warranties set forth in the Original Loan Agreement is true and correct in all material respects as if made on the date hereof (except to the extent any such representation and warranty expressly refers to an earlier date) and (ii) upon the effectiveness of this Amendment, no Termination Event has occurred and is continuing.

(b)Each of the Borrower and the Servicer by executing this Amendment hereby represents and warrants that (i) the individual executing this Amendment on behalf of such party is duly authorized to do so, (ii) such party has full right and authority to enter into this Amendment and to consummate the transactions described in this Amendment and (iii) each of this Amendment, the Original Loan Agreement and the Loan Agreement constitutes the valid and

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legally binding obligation of such party, enforceable against such party in accordance with its terms.

Section 1.03 Conditions to Effectiveness. This Amendment shall become effective immediately when the parties hereto shall have received an executed counterpart of this Amendment, and (ii) a UCC-1 financing statement has been filed with respect to the GO Origination Agreement.

Section 1.04 Waiver of Notice. The parties hereto waive any notices required under the Original Loan Agreement in connection with this Amendment.

Section 1.05 Full Force and Effect.

(a)Except as hereby modified pursuant to this Amendment, the Original Loan Agreement shall continue in full force and effect and is hereby ratified and confirmed by the Borrower in all respects. The Original Loan Agreement and each of the other Transaction Documents, taken together, constitute and contain the entire agreement of the parties hereto and supersede any and all prior agreements, negotiations, correspondence, understandings and communications among the parties, whether written or oral, respecting the subject matter hereof and thereof. Each of the Borrower and the Servicer understands that in the event of any subsequent litigation, controversy or dispute concerning any of the terms, conditions or provisions of this Amendment, it shall not be entitled to offer or introduce into evidence any oral promises or oral agreements between the parties relating to the subject matter of this Amendment not included or referred to herein and not reflected by a writing included or referred to herein.

(b)The execution and delivery of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Lender under the Original Loan Agreement or any of the other Transaction Documents.

Section 1.06GOVERNING LAW. THE PROVISIONS RELATING TO GOVERNING LAW CONTAINED IN SECTION 15.6 OF THE ORIGINAL LOAN AGREEMENT SHALL APPLY TO THIS AMENDMENT.

Section 1.07 Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Amendment.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective officers or managers thereunto duly authorized, as of the date first above written.

DT WAREHOUSE V, LLC, as Borrower

By: /s/ Jon Ehlinger

Name: Jon Ehlinger
Title: Secretary

DT CREDIT COMPANY, LLC,
as Servicer

By: /s/ Jon Ehlinger

Name: Jon Ehlinger
Title: Secretary

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SF1 1935939v.13 03/13/2013 11:09 AM

WELLS FARGO SECURITIES, LLC, as Administrative Agent

By: /s/ Steven J. Ellis    

Name: Steven J. Ellis
Title: Managing Director

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Backup Servicer and Collateral Custodian

By: /s/ Jeanine C. Casey    

Name: Jeanine C. Casey
Title: Vice President

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Lender

By: /s/ Leah W. Miller    

Name: Leah W. Miller
Title: Managing Director

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EX-10.3

EXECUTION VERSION

AMENDMENT NO. 5 TO
LOAN AND SERVICING AGREEMENT

This AMENDMENT NO. 5 TO LOAN AND SERVICING AGREEMENT, dated as of March 13, 2013 (this “Amendment”), is executed by and among DT WAREHOUSE IV, LLC, a Delaware limited liability company (together with its successors and assigns, the “Borrower”), DT CREDIT COMPANY, LLC, an Arizona limited liability company, as servicer (in such capacity, the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer, Paying Agent and Securities Intermediary (“Paying Agent”), and THE ROYAL BANK OF SCOTLAND PLC, as Program Agent for the Conduit Lenders and the Committed Lenders (“Program Agent”) and as sole Managing Agent and sole Committed Lender. Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed thereto in the “Loan and Servicing Agreement” (defined below).

WITNESSETH:

WHEREAS, the Borrower, the Servicer, the Program Agent, the Paying Agent, the Commercial Paper Conduits from time to time party thereto, and the Financial Institutions from time to time party thereto entered into that certain Loan and Servicing Agreement dated as of July 23, 2010 as amended by Amendment No. 1 dated as of May 13, 2011, Amendment No. 2 dated as of September 19, 2011, Amendment No. 3 dated as of December 28, 2011 and Amendment No. 4 dated as of March 15, 2012 (the “Loan and Servicing Agreement”);

WHEREAS, as provided herein, the parties hereto have agreed to amend certain provisions of the Loan and Servicing Agreement as described below;

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1.Amendment to the Loan and Servicing Agreement. Effective as of the date hereof, and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Loan and Servicing Agreement is hereby amended by deleting the definition of “Commitment Termination Date” set forth in Section 1.01 of the Loan and Servicing Agreement and replacing it, in its entirety, with the following:

“Commitment Termination Date” means March 26, 2013, as such date may be extended from time to time pursuant to Section 2.08.

SECTION 2.Conditions to Effectiveness. This Amendment shall become effective as of the date hereof upon receipt by the Program Agent of counterparts of this Amendment executed by each of the parties hereto.

SECTION 3.Representations, Warranties and Confirmations. Each of the Servicer and the Borrower hereby represents and warrants that:

3.1    It has the power and is duly authorized to execute and deliver this Amendment.

3.2    The execution and delivery of this Amendment has been duly authorized by all corporate or limited liability company action necessary on its part.

3.3    This Amendment and the Loan and Servicing Agreement as amended hereby, constitute legal, valid and binding obligations of such parties and are enforceable against such parties in accordance with their terms.

3.4    Immediately prior, and after giving all effect, to this Amendment, the covenants, representations and warranties of each such party, respectively, set forth in the Loan and Servicing Agreement and as amended hereby, are true and correct in all material respects as of the date hereof (except to the extent such representations or warranties relate solely to an earlier date and then as of such date).

3.5    Immediately prior, and after giving all effect, to this Amendment, no event, condition or circumstance has occurred and is continuing which constitutes an Event of Termination or Incipient Event of Termination.

SECTION 4.Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire agreement concerning the subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications.

SECTION 5.Effectiveness of Amendment. Except as expressly amended by the terms of this Amendment, all terms and conditions of the Loan and Servicing Agreement shall remain in full force and effect and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other modification of any other term or condition set forth in the Loan and Servicing Agreement or any right, power or remedy of any Program Agent under the Loan and Servicing Agreement. Upon the effectiveness of this Amendment, each reference in the Loan and Servicing Agreement to “this Agreement” or “this Loan and Servicing Agreement” or words of like import shall mean and be references to the Loan and Servicing Agreement as amended hereby, and each reference in any other Facility Document to the Loan and Servicing Agreement or to any terms defined in the Loan and Servicing Agreement which are modified hereby shall mean and be references to the Loan and Servicing Agreement or to such terms as modified hereby.

SECTION 6.GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 7.Severability. In case any provision in this Amendment will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

SECTION 8.Binding Effect. This Amendment shall be binding upon and shall be enforceable by parties hereto and their respective successors and permitted assigns.

SECTION 9.Headings. The Section headings herein are for convenience only and will not affect the construction hereof.

SECTION 10.Novation. This Amendment does not constitute a novation or termination of the Loan and Servicing Agreement or any Facility Document and all obligations thereunder are in all respects continuing with only the terms thereof being modified as provided herein.

SECTION 11.Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the date first above written.

DT WAREHOUSE IV, LLC

By: /s/ Jon Ehlinger            
Name: Jon Ehlinger
Title: Secretary

DT CREDIT COMPANY, LLC

By: /s/ Jon Ehlinger            
Name: Jon Ehlinger
Title: Secretary

WELLS FARGO BANK, NATIONAL ASSOCIATION
as Backup Servicer, Paying Agent and Securities Intermediary

By: /s/ Jeanine C. Casey        
Name: Jeanine C. Casey
Title: Vice President

THE ROYAL BANK OF SCOTLAND PLC
as Program Agent, sole Managing Agent and sole
Committed Lender

By: RBS Securities Inc., as agent

By: /s/ Michael Zappaterrini        
Name: Michael Zappaterrini
Title: Managing Director

EX-10.4

EXECUTION COPY

AMENDMENT NO. 6 TO
LOAN AND SERVICING AGREEMENT

This AMENDMENT NO. 6 TO LOAN AND SERVICING AGREEMENT, dated as of March 26, 2013 (this “Amendment”), is executed by and among DT WAREHOUSE IV, LLC, a Delaware limited liability company (together with its successors and assigns, the “Borrower”), DT CREDIT COMPANY, LLC, an Arizona limited liability company, as servicer (in such capacity, the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer, Paying Agent and Securities Intermediary (“Paying Agent”), and THE ROYAL BANK OF SCOTLAND PLC, as Program Agent for the Conduit Lenders and the Committed Lenders (“Program Agent”) and as sole Managing Agent and sole Committed Lender. Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed thereto in the “Loan and Servicing Agreement” (defined below).

WITNESSETH:

WHEREAS, the Borrower, the Servicer, the Program Agent, the Paying Agent, the Commercial Paper Conduits from time to time party thereto, and the Financial Institutions from time to time party thereto entered into that certain Loan and Servicing Agreement dated as of July 23, 2010, as amended by Amendment No. 1 dated as of May 13, 2011, Amendment No. 2 dated as of September 19, 2011, Amendment No. 3 dated as of December 28, 2011, Amendment No. 4 dated as of March 15, 2012 and Amendment No. 5 dated as of March 13, 2013 (the “Loan and Servicing Agreement”);

WHEREAS, as provided herein, the parties hereto have agreed to amend certain provisions of the Loan and Servicing Agreement as described below;

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1.Amendment to the Loan and Servicing Agreement. Effective as of the date hereof, and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Loan and Servicing Agreement is hereby amended as follows:

1.1    The following definitions of “Senior Interest”, “Senior Interest Margin” and “Senior Interest Rate” are hereby added to Section 1.01 of the Loan and Servicing Agreement in their appropriate alphabetical order therein:

“Senior Interest” means, for any Loan and any Interest Period, the sum for each day during such Interest Period of the following:

IR x PA/CB

where:

IR    =    the Senior Interest Rate.

PA    =    the Principal Amount of such Loan on such day.

CB    =    (i) in the case of a Loan, the Interest Rate for which is based on the Base Rate, 365 and (ii) in the case of any other Loan, 360.”

“Senior Interest Margin” means the amount set forth in clause (i) of the definition of “Margin”.

“Senior Interest Rate” means, with respect to a Loan on any day, an interest rate per annum equal to the sum of the Senior Interest Margin plus the Adjusted LIBO Rate for such Interest Period; provided, however, that:

(i)    if a LIBOR Disruption Event is continuing on such day,

(ii)    if the applicable Lender does not receive a request, by no later than 12:00 p.m. (New York City time) on the Business Day preceding the first day of the related Interest Period that such Loan shall be funded at the Adjusted LIBO Rate,

(iii)    if, after giving effect to such Loan, the aggregate Principal Amount of all Loans held by the applicable Lender, is less than $500,000, or

(iv)    if the Borrower elects to fund such Loan at the Base Rate,

the Senior Interest Rate shall be an interest rate per annum equal to the Base Rate in effect from time to time during such Interest Period plus the Senior Interest Margin.

1.2    The definitions of “Commitment Termination Date”, “Fee Letter”, “Overconcentration Amount”, and “Reserve Percentage” set forth in Section 1.01 of the Loan and Servicing Agreement are hereby amended and restated as follows:

“Commitment Termination Date” means March 25, 2014, as such date may be extended from time to time pursuant to Section 2.08.

“Delinquency Measurement Contract” means, as of any date of determination, a Contract, other than a Charged-Off Contract, as to which all or any portion of any Scheduled Payment in excess of 10.00% of such Scheduled Payment is due and unpaid for more than 60 days but less than 121 days.

“Fee Letter” means the Third Amended and Restated Fee Letter dated as of March 26, 2013, between the Program Agent and the Borrower, as amended, restated, supplemented or otherwise modified from time to time.

“Overconcentration Amount” means, at any time, the sum of (i) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “B” or below pursuant to the Credit and Collection Policy exceeds

the product of 75.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (ii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “C” or below pursuant to the Credit and Collection Policy exceeds the product of 40.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (iii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “C-” or below pursuant to the Credit and Collection Policy exceeds the product of 9.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (iv) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “D+” or below pursuant to the Credit and Collection Policy exceeds the product of 2.50% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (v) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in a particular State (other than Texas or Florida) exceeds the product of 15% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (vi) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in Texas exceeds the product of 30% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (vii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in Florida exceeds the product of 22.5% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (viii) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which all or part in excess of 10.00% of any Scheduled Payment is 31 or more but less than 61 days delinquent exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (ix) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which the original term to maturity exceeds sixty-eight (68) months exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time.

“Reserve Percentage” means, at any time, the sum of (i) 35.0% plus (ii) if either (a) the Rolling Average Charged-Off Losses Ratio (Managed Portfolio Contracts) or the Rolling Average Charged-Off Losses Ratio (Pledged Contracts) exceeds 3.15% for two (2) or more consecutive Accounting Periods or (b) the Rolling Average Delinquency Ratio (Managed Portfolio Contracts) or the Rolling Average Delinquency Ratio (Pledged Contracts) exceeds 7.0% for two (2) or more consecutive Accounting Periods, 10% for each of the three succeeding Accounting Periods, as the same may be adjusted pursuant to Section 5.01(o).

1.3    The definition of “Eligible Contract” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended by deleting clause (i) thereof and substituting, in lieu thereof, respectively, the following:

(i) which (i) has an original term to maturity that is not less than twelve (12) months and does not exceed sixty-two (62) months, or such other period as may be agreed to from time to time by the Borrower and the Program Agent, provided that (x) for Receivables as to which the Contract Debtor is rated “C” the original term to maturity (1) is not less than twelve (12) months, (2) does not exceed sixty-eight (68) months and (3) as to which the

original term to maturity exceeds sixty-two (62) months, does not exceed the product of 15.00% and the aggregate Principal Balances of all Eligible Contracts rated “C” at such time, (y) for Receivables as to which the Contract Debtor is rated “B” the original term to maturity is not less than twelve (12) months and does not exceed seventy (70) months, and (z) for Receivables as to which the Contract Debtor is rated “A” the original term to maturity is not less than twelve (12) months and does not exceed seventy-two (72) months, (ii) the Schedule of Payments has equal periodic payments except for payments due during the first 90 days of the term of such Contract, and except for the final payment which may be less than the other equal payments, and the payment obligation is in United States dollars, and (iii) does not cause the weighted average (based on Principal Balances of the applicable Eligible Contracts) original term to maturity of all Eligible Contracts that are Pledged Contracts to exceed sixty-five (65) months; provided that the Pledged Contracts rendered ineligible solely pursuant to the foregoing clause (iii) shall be selected by the Borrower from the Pledged Contracts with the longest original term to maturity and only with Principal Balances required to reduce such weighted average original term to maturity of all Eligible Contracts that are Pledged Contracts to or below sixty-five (65) months; provided that any such ineligible Pledged Contract may be subsequently designated by the Borrower as an “Eligible Contract” if the eligibility of such Pledged Contract would not cause such weighted average original term to maturity of all Pledged Contracts to exceed sixty-five (65) months;

1.4    The definition of “Level Two Trigger Event” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended by deleting clause (a) thereof and substituting, in lieu thereof, respectively, the following:

(a)     the Rolling Average Delinquency Ratio (Managed Portfolio Contracts) or the Rolling Average Delinquency Ratio (Pledged Contracts) shall exceed 8.0% on two or more consecutive Measurement Dates; or

1.5    Section 2.06(b) of the Loan and Servicing Agreement is hereby amended as follows:

(i)    clause (iii) thereof is amended and restated in its entirety as follows:

(iii)    third, to each Managing Agent (for the account of the Lenders in the related Lender Group), on a pro rata basis, an amount equal to the aggregate accrued and unpaid Interest (but not in excess of the Senior Interest) and Liquidity Fees then due and payable to the Lenders in respect of the preceding Interest Period, together with any accrued and unpaid Interest (but not in excess of the Senior Interest) and Liquidity Fees from prior Interest Periods;

(ii)    clauses (v) through (viii) thereof are renumbered as clauses (vi) through (ix), and the references to “fifth” through “eighth” set forth therein are renumbered as “sixth” through “ninth”, respectively; and

(iii)    the following new clause (v) is added immediately following clause (iv) thereof:

(v)    fifth, to each Managing Agent (for the account of the Lenders in the related Lender Group), on a pro rata basis, an amount equal to any accrued and unpaid Interest then due and payable to the Lenders in respect of the preceding Interest Period, together with any accrued and unpaid Interest from prior Interest Periods, in either case, to the extent not paid pursuant to clause (iii) above;

1.6    Section 2.07(b) of the Loan and Servicing Agreement is hereby amended as follows:

(i)    clause (iv) thereof is amended and restated in its entirety as follows:

(iv)    fourth, to the Lenders, the Managing Agents and the Program Agent, on a pro rata basis, an amount equal to the aggregate accrued and unpaid Interest (but not in excess of the Senior Interest) and Liquidity Fees;

(ii)    clauses (viii) and (ix) thereof are renumbered as clauses (ix) and (x), and the references to “eighth” and “ninth” set forth therein are renumbered as “ninth” and “tenth”, respectively; and

(iii)    the following new clause (viii) is added immediately following clause (vii) thereof:

(viii)    eighth, to the Lenders, the Managing Agents and the Program Agent, on a pro rata basis, an amount equal to the aggregate accrued and unpaid Interest to the extent not paid pursuant to clause (iv) above;

1.7    Section 5.01(q) of the Loan and Servicing Agreement is hereby amended and restated in its entirety as follows:

(q)    Rating Reaffirmations. On or prior to each Rating Reaffirmation Date, the Borrower shall request from DBRS a written reaffirmation that the Notes have a rating of A- or higher and, within two Business Days of receipt of any such reaffirmation, shall distribute copies thereof to the Program Agent and the Managing Agents. (The Borrower acknowledges that the Program Agent may request from DBRS a written reaffirmation of the rating of the Notes at any time.

1.8    Section 5.02(i)(ii) of the Loan and Servicing Agreement is hereby amended and restated in its entirety as follows:

(ii) Promptly and in no event more than two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of any amendment, modification, supplement or other change to the Credit and Collection Policy or the implementation thereof or day to day collection practices that could have an adverse effect on the collectability of the Pledged Contracts, the statement of a Responsible

Officer of the Borrower setting forth the details of such amendment, modification or supplement.

1.9    Section 5.03(c) of the Loan and Servicing Agreement is hereby amended and restated in its entirety as follows:

(c)    Change in Business or Credit and Collection Policy. Make any change in (i) the Credit and Collection Policy which could be reasonably expected to result in a Material Adverse Change, (ii) the implementation of the Credit and Collection Policy or its day to day collection practices that could have an adverse effect on the collectability of the Pledged Contracts, or (iii) the character of its business.

1.10    Section 6.02(g) of the Loan and Servicing Agreement is hereby amended and restated in its entirety as follows:

(g)    On behalf of the Borrower and the Program Agent for the benefit of the Lenders, the Servicer shall use its best efforts, consistent with its customary servicing procedures, to repossess or otherwise convert the ownership of the Financed Vehicle securing any Pledged Contract as to which the Servicer shall have determined eventual payment in full is unlikely. From time to time, as appropriate for servicing or foreclosing upon any Pledged Contract, the Borrower shall, upon written request of the Servicer, execute such documents as shall be reasonably necessary to prosecute any such proceedings. The Servicer shall follow such customary and usual practices and procedures as it shall deem necessary or advisable in its servicing of Contracts, which may include reasonable efforts to realize proceeds from the repossession of the related Financed Vehicle. The Servicer shall follow such Accepted Servicing Practices as it shall deem necessary or advisable in its servicing of Contracts. The Servicer shall use all commercially reasonable efforts to maximize proceeds from the repossession of a Financed Vehicle securing any Pledged Contract, which may include selling such Financed Vehicle at auction, public or private sale, or to an Affiliate of the Servicer, provided that (i) any such sale to an Affiliate is for fair market value, (ii) any such sale to an Affiliate does not have a material adverse effect on the Lenders and (iii) the aggregate proceeds from the sale to such Affiliates of repossessed Financed Vehicles not sold through auction securing any Pledged Contract in any calendar month does not exceed 20.0% of the aggregate proceeds from the sale of all repossessed Financed Vehicles securing any Pledged Contract. The foregoing shall be subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with the repair or the repossession of such Financed Vehicle unless it shall determine in its reasonable discretion that such repair and/or repossession will increase the Net Liquidation Proceeds by an amount greater than the amount of such expenses.

1.11Section 7.01(z) of the Loan and Servicing Agreement is hereby amended and restated in its entirety as follows:

(z) The Notes shall cease to be rated by DBRS or the rating of the Notes by DBRS shall be A- or below and such condition shall continue unremedied for 30 days, provided such condition shall not constitute an Event of Termination if (i) the Notes would be rated higher than A- if the Reserve Percentage were higher (and no other change to this Agreement were required), (ii) the Borrower executes an amendment which effects a change in the Reserve Percentage to such higher level and (iii) the sole reason that such amendment does not become effective is the failure of the Program Agent to execute such amendment;

SECTION 2.Conditions to Effectiveness. This Amendment shall become effective as of the date hereof upon receipt by the Program Agent of counterparts of this Amendment executed by each of the parties hereto.

SECTION 3.Representations, Warranties and Confirmations. Each of the Servicer and the Borrower hereby represents and warrants that:

3.1    It has the power and is duly authorized to execute and deliver this Amendment.

3.2    The execution and delivery of this Amendment has been duly authorized by all corporate or limited liability company action necessary on its part.

3.3    This Amendment and the Loan and Servicing Agreement as amended hereby, constitute legal, valid and binding obligations of such parties and are enforceable against such parties in accordance with their terms.

3.4    Immediately prior, and after giving all effect, to this Amendment, the covenants, representations and warranties of each such party, respectively, set forth in the Loan and Servicing Agreement and as amended hereby, are true and correct in all material respects as of the date hereof (except to the extent such representations or warranties relate solely to an earlier date and then as of such date).

3.5    Immediately prior, and after giving all effect, to this Amendment, no event, condition or circumstance has occurred and is continuing which constitutes an Event of Termination or Incipient Event of Termination.

SECTION 4.Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire agreement concerning the subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications.

SECTION 5.Effectiveness of Amendment. Except as expressly amended by the terms of this Amendment, all terms and conditions of the Loan and Servicing Agreement shall remain in full force and effect and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other modification of any other term or condition set forth

in the Loan and Servicing Agreement or any right, power or remedy of any Program Agent under the Loan and Servicing Agreement. Upon the effectiveness of this Amendment, each reference in the Loan and Servicing Agreement to “this Agreement” or “this Loan and Servicing Agreement” or words of like import shall mean and be references to the Loan and Servicing Agreement as amended hereby, and each reference in any other Facility Document to the Loan and Servicing Agreement or to any terms defined in the Loan and Servicing Agreement which are modified hereby shall mean and be references to the Loan and Servicing Agreement or to such terms as modified hereby.

SECTION 6.GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 7.Severability. In case any provision in this Amendment will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

SECTION 8.Binding Effect. This Amendment shall be binding upon and shall be enforceable by parties hereto and their respective successors and permitted assigns.

SECTION 9.Headings. The Section headings herein are for convenience only and will not affect the construction hereof.

SECTION 10.Novation. This Amendment does not constitute a novation or termination of the Loan and Servicing Agreement or any Facility Document and all obligations thereunder are in all respects continuing with only the terms thereof being modified as provided herein.

SECTION 11.Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the date first above written.

DT WAREHOUSE IV, LLC

By: /s/ Mark Sauder            
Name: Mark Sauder
Title: President

DT CREDIT COMPANY, LLC

By: /s/ Jon Ehlinger            
Name: Jon Ehlinger
Title: Secretary

WELLS FARGO BANK, NATIONAL ASSOCIATION
as Backup Servicer, Paying Agent and Securities Intermediary

By: /s/Tara H. Anderson            
Name: Tara H. Anderson
Title: Vice President

THE ROYAL BANK OF SCOTLAND PLC
as Program Agent, sole Managing Agent and sole
Committed Lender

By: RBS Securities Inc., as agent

By: /s/ Michael Zappaterrini            
Name: Michael Zappaterrini
Title: Managing Director

EX-10.5

EXECUTION COPY

AMENDMENT NO. 7 TO
LOAN AND SERVICING AGREEMENT

This AMENDMENT NO. 7 TO LOAN AND SERVICING AGREEMENT, dated as of April 2, 2013 (this “Amendment”), is executed by and among DT WAREHOUSE IV, LLC, a Delaware limited liability company (together with its successors and assigns, the “Borrower”), DT CREDIT COMPANY, LLC, an Arizona limited liability company, as servicer (in such capacity, the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer, Paying Agent and Securities Intermediary (“Paying Agent”), and THE ROYAL BANK OF SCOTLAND PLC, as Program Agent for the Conduit Lenders and the Committed Lenders (“Program Agent”) and as sole Managing Agent and sole Committed Lender. Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed thereto in the “Loan and Servicing Agreement” (defined below).

WITNESSETH:

WHEREAS, the Borrower, the Servicer, the Program Agent, the Paying Agent, the Commercial Paper Conduits from time to time party thereto, and the Financial Institutions from time to time party thereto entered into that certain Loan and Servicing Agreement dated as of July 23, 2010, as amended by Amendment No. 1 dated as of May 13, 2011, Amendment No. 2 dated as of September 19, 2011, Amendment No. 3 dated as of December 28, 2011, Amendment No. 4 dated as of March 15, 2012, Amendment No. 5 dated as of March 13, 2013 and Amendment No. 6 dated as of March 26, 2013 (the “Loan and Servicing Agreement”);

WHEREAS, as provided herein, the parties hereto have agreed to amend certain provisions of the Loan and Servicing Agreement as described below;

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1.Amendment to the Loan and Servicing Agreement. Effective as of the date hereof, and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the definition of “Overconcentration Amount” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended and restated as follows:

“Overconcentration Amount” means, at any time, the sum of (i) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “B” or below pursuant to the Credit and Collection Policy exceeds the product of 75.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (ii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “C” or below pursuant to the Credit and Collection Policy exceeds the product of 40.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (iii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “C-” or below pursuant to the Credit and Collection Policy exceeds the product of

9.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (iv) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “D+” or below pursuant to the Credit and Collection Policy exceeds the product of 2.50% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (v) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in a particular State (other than Texas or Florida) exceeds the product of 15% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (vi) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in Texas exceeds the product of 30% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (vii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in Florida exceeds the product of 22.5% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (viii) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which all or part in excess of 10.00% of any Scheduled Payment is 31 or more but less than 61 days delinquent exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (ix) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which the original term to maturity exceeds sixty-eight (68) months exceeds the product of 20.00% and the aggregate Principal Balances of all Eligible Contracts at such time.

SECTION 2.Conditions to Effectiveness. This Amendment shall become effective as of the date hereof upon receipt by the Program Agent of counterparts of this Amendment executed by each of the parties hereto.

SECTION 3.Representations, Warranties and Confirmations. Each of the Servicer and the Borrower hereby represents and warrants that:

3.1    It has the power and is duly authorized to execute and deliver this Amendment.

3.2    The execution and delivery of this Amendment has been duly authorized by all corporate or limited liability company action necessary on its part.

3.3    This Amendment and the Loan and Servicing Agreement as amended hereby, constitute legal, valid and binding obligations of such parties and are enforceable against such parties in accordance with their terms.

3.4    Immediately prior, and after giving all effect, to this Amendment, the covenants, representations and warranties of each such party, respectively, set forth in the Loan and Servicing Agreement and as amended hereby, are true and correct in all material respects as of the date hereof (except to the extent such representations or warranties relate solely to an earlier date and then as of such date).

3.5    Immediately prior, and after giving all effect, to this Amendment, no event, condition or circumstance has occurred and is continuing which constitutes an Event of Termination or Incipient Event of Termination.

SECTION 4.Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire agreement concerning the subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications.

SECTION 5.Effectiveness of Amendment. Except as expressly amended by the terms of this Amendment, all terms and conditions of the Loan and Servicing Agreement shall remain in full force and effect and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other modification of any other term or condition set forth in the Loan and Servicing Agreement or any right, power or remedy of any Program Agent under the Loan and Servicing Agreement. Upon the effectiveness of this Amendment, each reference in the Loan and Servicing Agreement to “this Agreement” or “this Loan and Servicing Agreement” or words of like import shall mean and be references to the Loan and Servicing Agreement as amended hereby, and each reference in any other Facility Document to the Loan and Servicing Agreement or to any terms defined in the Loan and Servicing Agreement which are modified hereby shall mean and be references to the Loan and Servicing Agreement or to such terms as modified hereby.

SECTION 6.GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 7.Severability. In case any provision in this Amendment will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

SECTION 8.Binding Effect. This Amendment shall be binding upon and shall be enforceable by parties hereto and their respective successors and permitted assigns.

SECTION 9.Headings. The Section headings herein are for convenience only and will not affect the construction hereof.

SECTION 10.Novation. This Amendment does not constitute a novation or termination of the Loan and Servicing Agreement or any Facility Document and all obligations thereunder are in all respects continuing with only the terms thereof being modified as provided herein.

SECTION 11.Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the date first above written.

DT WAREHOUSE IV, LLC

By: /s/ Jon Ehlinger            
Name: Jon Ehlinger
Title: Secretary

DT CREDIT COMPANY, LLC

By: /s/ Jon Ehlinger            
Name: Jon Ehlinger
Title: Secretary

WELLS FARGO BANK, NATIONAL ASSOCIATION
as Backup Servicer, Paying Agent and Securities Intermediary

By: /s/ Jeanine C. Casey        
Name: Jeanine C. Casey
Title: Vice President

[Signature Page to RBS Amendment No. 7 to Loan and Servicing Agreement]

THE ROYAL BANK OF SCOTLAND PLC
as Program Agent, sole Managing Agent and sole
Committed Lender

By: RBS Securities Inc., as agent

By: /s/ Michael Zappaterrini            
Name: Michael Zappaterrini
Title: Managing Director

[Signature Page to RBS Amendment No. 7 to Loan and Servicing Agreement]

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Raymond C. Fidel, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of DriveTime Automotive Group, Inc. and DT Acceptance Corporation (collectively, the “registrant”).
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: May 10, 2013	By:	/s/ Raymond C. Fidel
		Raymond C. Fidel Chief Executive Officer and President (Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Mark G. Sauder, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of DriveTime Automotive Group, Inc. and DT Acceptance Corporation (collectively, the “registrant”).
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 10, 2013	By:	/s/ Mark G. Sauder
		Mark G. Sauder Chief Financial Officer and Executive VP (Principal Financial Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

This certification is not deemed filed pursuant to the Securities Exchange Act of 1934, as amended, and does not constitute a part of the Quarterly Report of DriveTime Automotive Group, Inc. and DT Acceptance Corporation on Form 10-Q for the period ending March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”).

In connection with the Report, we, Raymond C. Fidel, as Chief Executive Officer and President of DriveTime Automotive Group, Inc. and DT Acceptance Corporation, and Mark G. Sauder, as Chief Financial Officer of DriveTime Automotive Group, Inc. and DT Acceptance Corporation, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, to the best of our knowledge, respectively, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of DriveTime Automotive Group, Inc. and DT Acceptance Corporation.

Dated: May 10, 2013	By:	/s/ Raymond C. Fidel
		Raymond C. Fidel Chief Executive Officer and President (Principal Executive Officer)
Dated: May 10, 2013	By:	/s/ Mark G. Sauder
		Mark G. Sauder Chief Financial Officer and Executive VP (Principal Financial Officer)

WEST\240988971.3

XML

Dealer Finance Receivables accretable yield (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Accretable Yield [Roll Forward]
Balance, Beginning of Period	$ 8,887	$ 0
Accretion (Revenue Recognized)	(2,037)	(125)
Additions	9,999	1,792
Reclassification from (to) Nonaccretable Yield	0	0
Balance, End of Period	$ 16,849	$ 1,667

XML

Fair Value Of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012		Mar. 31, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Dealer Finance Receivables - GO, net	$ 74,753		$ 40,956		$ 5,473	$ 24
Portfolio Term Financings	989,206		1,049,478
Portfolio Warehouse Facilities	145,000		57,200
Senior Secured Notes Payable	193,392		193,320
Other Secured Notes Payable	136,668		117,281
Securitization Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	569,884		677,118
Portfolio Term Residual Financing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	100,000		25,000
Bank Term Financings [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	319,322		347,360
Revolving Inventory Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	111,321		91,320
Mortgage Note Payable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	12,397		12,454
Real Estate Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	11,269		11,733
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance Receivables, net	1,461,336	[1]	1,370,800	[1]
Dealer Finance Receivables - GO, net	74,753		40,956
Portfolio Warehouse Facilities	145,000		57,200
Senior Secured Notes Payable	198,392		198,320
Carrying Value [Member] | Securitization Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	569,884		677,118
Carrying Value [Member] | Portfolio Term Residual Financing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	100,000		25,000
Carrying Value [Member] | Bank Term Financings [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	319,321		347,360
Carrying Value [Member] | Revolving Inventory Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	111,321		91,320
Carrying Value [Member] | Mortgage Note Payable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	12,397		12,454
Carrying Value [Member] | Real Estate Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	11,269		11,733
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance Receivables, net	1,550,131	[1]	1,441,026	[1]
Dealer Finance Receivables - GO, net	74,753		40,956
Portfolio Warehouse Facilities	145,000		57,200
Senior Secured Notes Payable	222,199		220,135
Fair Value [Member] | Securitization Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	588,176		702,031
Fair Value [Member] | Portfolio Term Residual Financing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	100,000		25,000
Fair Value [Member] | Bank Term Financings [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Portfolio Term Financings	319,321		347,360
Fair Value [Member] | Revolving Inventory Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	111,662		91,600
Fair Value [Member] | Mortgage Note Payable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	11,149		11,200
Fair Value [Member] | Real Estate Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Secured Notes Payable	$ 11,237		$ 11,700

[1] Represents finance receivable principal balances, plus accrued interest, less the allowance for credit losses.

XML

Related Party Transactions Related Party Operating Expenses (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Related Party Transaction [Line Items]
General and Administrative—Related Party	$ 2,651	$ 2,858
Property lease expense [Member]
Related Party Transaction [Line Items]
General and Administrative—Related Party	1,198	1,220
Restricted stock compensation expense [Member]
Related Party Transaction [Line Items]
General and Administrative—Related Party	310	465
Aircraft Operating and Lease Expense [Member]
Related Party Transaction [Line Items]
General and Administrative—Related Party	1,088	1,016
Salaries and wages, general & administrative and other expenses
Related Party Transaction [Line Items]
General and Administrative—Related Party	132	228
Reimbursement of certain general and administrative expenses
Related Party Transaction [Line Items]
General and Administrative—Related Party	$ (77)	$ (71)

XML

Subsequent Events (Details) (USD $)	1 Months Ended
	Apr. 30, 2013 Subsequent Event [Member]	Jun. 30, 2010 Senior Notes [Member]	May 31, 2013 Senior Notes [Member] Subsequent Event [Member]
Subsequent Event [Line Items]
Payments of cash dividends	$ 10,900,000
Senior secured notes issued		$ 200,000,000.0	$ 50,000,000.0
Senior notes issuance price as percent of face amount		98.854%	111.00%
Senior notes issued, effective yield percentage		12.875%	7.67%

XML

Debt Obligations Other Secured Notes Payable (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Revolving Inventory Facility [Member]		Dec. 31, 2012 Revolving Inventory Facility [Member]		Mar. 31, 2013 Mortgage Note Payable [Member]		Dec. 31, 2012 Mortgage Note Payable [Member]		Mar. 31, 2013 Real Estate Credit Facility [Member]		Dec. 31, 2012 Real Estate Credit Facility [Member]		Mar. 31, 2013 Equipment Note Payable [Member]		Dec. 31, 2012 Equipment Note Payable [Member]		Mar. 31, 2013 LIBOR [Member] Revolving Inventory Facility [Member]	Mar. 31, 2013 LIBOR [Member] Real Estate Credit Facility [Member]	Mar. 31, 2013 Prime Rate [Member] Equipment Note Payable [Member]	Dec. 31, 2012 Seasonal Increase [Member] Revolving Inventory Facility [Member]	Apr. 30, 2013 Subsequent Event [Member] Prime Rate [Member] Equipment Note Payable [Member]
Debt Instrument [Line Items]
Balance	$ 136,668	$ 117,281	$ 111,321		$ 91,320		$ 12,397		$ 12,454		$ 11,269		$ 11,733		$ 1,681		$ 1,774					$ 10,000
Max Facility Capacity	425,000	425,000	130,000		140,000	[1]					25,000		25,000
Stated Advance Rate			85.00%	[2]	85.00%	[2]					70.00%		70.00%
Interest Rate			3.75%	[3]	3.75%	[3]	5.87%	[3]	5.87%	[3]	4.20%	[3]	4.21%	[3]	4.75%	[3]	4.75%	[3]
Total Other Secured Notes Payable	$ 155,000	$ 165,000
Basis spread on variable interest rate																			3.50%	4.00%	1.50%		1.00%

[1] Inclusive of a $10.0 million seasonal increase in the months of November through the end of January.

[2] Advance rate is based on qualifying vehicle cost and is secured by our entire vehicle inventory.

[3] Interest rate at period end equal to contractual benchmark plus index.

XML

Finance Receivables Summary of Finance Receivables (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012
Receivables [Abstract]
Principal Balances	$ 1,707,051	$ 1,601,710	$ 1,566,492
Accrued Interest	15,366	16,414
Loan Origination Costs	17,123	16,498
Finance Receivables	$ 1,739,540	$ 1,634,622

XML

Supplemental Consolidating Financial Information Supplemental Consolidating Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
ASSETS [Abstract]
Cash and Cash Equivalents	$ 25,731	$ 26,480	$ 22,766	$ 25,930
Restricted Cash and Investments Held in Trust	126,951	107,072
Finance Receivables	1,739,540	1,634,622
Allowance for Credit Losses	(269,622)	(252,590)	(237,027)	(221,533)
Finance Receivables, net	1,469,918	1,382,032
Dealer Finance Receivables	74,753	40,956	5,473	24
Inventory	228,876	270,733
Property and Equipment, net	96,113	94,397
Investments in Subsidiaries	0	0
Other Assets	57,313	67,447
Total Assets	2,079,655	1,989,117
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	18,581	17,346
Accrued Expenses and Other Liabilities	105,770	81,939
Portfolio Term Financings	989,206	1,049,478
Portfolio Warehouse Facilities	145,000	57,200
Senior Notes, Including Related Party Portion	198,392	198,320
Other Secured Notes Payable	136,668	117,281
Total Liabilities	1,593,617	1,521,564
Total Shareholders' Equity	486,038	467,553
Total Liabilities & Shareholders’ Equity	2,079,655	1,989,117
Eliminations [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	0	0	0	0
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	0	0
Investments in Subsidiaries	0	0
Other Assets	(2,294,850)	(1,736,027)
Total Assets	(2,294,850)	(1,736,027)
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	(2,294,850)	(1,736,027)
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	0	0
Total Liabilities	(2,294,850)	(1,736,027)
Total Shareholders' Equity	0	0
Total Liabilities & Shareholders’ Equity	(2,294,850)	(1,736,027)
Drive Time Automotive Group, Inc. [Member] | Guarantor Subsidiaries Combined [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	3,327	6,937	9,145	2,868
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	228,876	270,733
Property and Equipment, net	72,924	70,668
Investments in Subsidiaries	0	0
Other Assets	1,428,316	1,226,409
Total Assets	1,733,443	1,574,747
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	18,571	17,342
Accrued Expenses and Other Liabilities	1,270,241	1,006,791
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	111,321	91,320
Total Liabilities	1,400,133	1,115,453
Total Shareholders' Equity	333,309	459,294
Total Liabilities & Shareholders’ Equity	1,733,442	1,574,747
Drive Time Automotive Group, Inc. [Member] | Non-Guarantor Subsidiaries [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	510	482	81	595
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	0	0
Investments in Subsidiaries	0	0
Other Assets	26,135	26,480
Total Assets	26,645	26,962
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	108	695
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	11,269	11,733
Total Liabilities	11,377	12,428
Total Shareholders' Equity	15,268	14,534
Total Liabilities & Shareholders’ Equity	26,645	26,962
Drive Time Automotive Group, Inc. [Member] | Parent Company [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	5	5	5	5
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	0	0
Investments in Subsidiaries	348,577	473,828
Other Assets	480,864	383,689
Total Assets	829,446	857,522
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	605,229	602,314
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	99,196	99,160
Other Secured Notes Payable	0	0
Total Liabilities	704,425	701,474
Total Shareholders' Equity	125,021	156,048
Total Liabilities & Shareholders’ Equity	829,446	857,522
Drive Time Automotive Group, Inc. [Member] | Eliminations [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	0	0	0	0
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	0	0
Investments in Subsidiaries	(348,577)	(473,828)
Other Assets	(706,690)	(711,814)
Total Assets	(1,055,267)	(1,185,642)
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	(706,690)	(711,814)
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	0	0
Total Liabilities	(706,690)	(711,814)
Total Shareholders' Equity	(348,577)	(473,828)
Total Liabilities & Shareholders’ Equity	(1,055,267)	(1,185,642)
Drive Time Automotive Group, Inc. [Member] | Consolidated [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	3,842	7,424	9,231	3,468
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	228,876	270,733
Property and Equipment, net	72,924	70,668
Investments in Subsidiaries	0	0
Other Assets	1,228,625	924,764
Total Assets	1,534,267	1,273,589
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	18,571	17,342
Accrued Expenses and Other Liabilities	1,168,888	897,986
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	99,196	99,160
Other Secured Notes Payable	122,590	103,053
Total Liabilities	1,409,245	1,117,541
Total Shareholders' Equity	125,021	156,048
Total Liabilities & Shareholders’ Equity	1,534,266	1,273,589
DT Acceptance Corp [Member] | Guarantor Subsidiaries Combined [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	52	9	199	52
Restricted Cash and Investments Held in Trust	25,027	16,163
Finance Receivables	279	0
Allowance for Credit Losses	0	0
Finance Receivables, net	279	0
Dealer Finance Receivables	74,753	40,956
Inventory	0	0
Property and Equipment, net	5,457	5,807
Investments in Subsidiaries	0	0
Other Assets	649,462	496,384
Total Assets	755,030	559,319
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	10	4
Accrued Expenses and Other Liabilities	726,350	521,476
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	1,681	1,774
Total Liabilities	728,041	523,254
Total Shareholders' Equity	26,989	36,065
Total Liabilities & Shareholders’ Equity	755,030	559,319
DT Acceptance Corp [Member] | Non-Guarantor Subsidiaries [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	257	423	302	397
Restricted Cash and Investments Held in Trust	101,924	90,909
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	15,211	15,216
Investments in Subsidiaries	0	0
Other Assets	1,455,383	1,352,295
Total Assets	1,572,775	1,458,843
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	6,459	6,703
Portfolio Term Financings	1,005,499	1,069,974
Portfolio Warehouse Facilities	145,000	57,200
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	12,397	12,454
Total Liabilities	1,169,355	1,146,331
Total Shareholders' Equity	403,421	312,512
Total Liabilities & Shareholders’ Equity	1,572,776	1,458,843
DT Acceptance Corp [Member] | Parent Company [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	21,580	18,624	13,034	22,013
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	1,739,261	1,634,622
Allowance for Credit Losses	(269,622)	(252,590)
Finance Receivables, net	1,469,639	1,382,032
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	2,521	2,706
Investments in Subsidiaries	430,410	348,577
Other Assets	1,129,613	887,248
Total Assets	3,053,763	2,639,187
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	2,593,550	2,228,522
Portfolio Term Financings	0	0
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	99,196	99,160
Other Secured Notes Payable	0	0
Total Liabilities	2,692,746	2,327,682
Total Shareholders' Equity	361,017	311,505
Total Liabilities & Shareholders’ Equity	3,053,763	2,639,187
DT Acceptance Corp [Member] | Eliminations [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	0	0	0	0
Restricted Cash and Investments Held in Trust	0	0
Finance Receivables	0	0
Allowance for Credit Losses	0	0
Finance Receivables, net	0	0
Dealer Finance Receivables	0	0
Inventory	0	0
Property and Equipment, net	0	0
Investments in Subsidiaries	(430,410)	(348,577)
Other Assets	(2,110,920)	(1,857,217)
Total Assets	(2,541,330)	(2,205,794)
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	0	0
Accrued Expenses and Other Liabilities	(2,094,627)	(1,836,721)
Portfolio Term Financings	(16,293)	(20,496)
Portfolio Warehouse Facilities	0	0
Senior Notes, Including Related Party Portion	0	0
Other Secured Notes Payable	0	0
Total Liabilities	(2,110,920)	(1,857,217)
Total Shareholders' Equity	(430,410)	(348,577)
Total Liabilities & Shareholders’ Equity	(2,541,330)	(2,205,794)
DT Acceptance Corp [Member] | Consolidated [Member]
ASSETS [Abstract]
Cash and Cash Equivalents	21,889	19,056	13,535	22,462
Restricted Cash and Investments Held in Trust	126,951	107,072
Finance Receivables	1,739,540	1,634,622
Allowance for Credit Losses	(269,622)	(252,590)
Finance Receivables, net	1,469,918	1,382,032
Dealer Finance Receivables	74,753	40,956
Inventory	0	0
Property and Equipment, net	23,189	23,729
Investments in Subsidiaries	0	0
Other Assets	1,123,538	878,710
Total Assets	2,840,238	2,451,555
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	10	4
Accrued Expenses and Other Liabilities	1,231,732	919,980
Portfolio Term Financings	989,206	1,049,478
Portfolio Warehouse Facilities	145,000	57,200
Senior Notes, Including Related Party Portion	99,196	99,160
Other Secured Notes Payable	14,078	14,228
Total Liabilities	2,479,222	2,140,050
Total Shareholders' Equity	361,017	311,505
Total Liabilities & Shareholders’ Equity	$ 2,840,239	$ 2,451,555

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Deferred Revenue (Tables)

3 Months Ended

Mar. 31, 2013

Deferred Revenue Disclosure [Abstract]

Deferred Revenue, by Arrangement, Disclosure

The following table sets forth information regarding the change in deferred revenue:

	Three Months Ended March 31, 2013
	(In thousands)
Balance, Beginning of Period	$	2,332
Gross Revenue Deferred	7,037
Revenue Recognized	(358		)
Balance, End of Period	$	9,011

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
State tax liability	$ 0	$ 0.2

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Debt Obligations Securitization Debt (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	$ 989,206		$ 1,049,478
Repurchase Option Percentage	10.00%
Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	569,884		677,118
Gross Receivables Pledged	735,156		873,231
Cash Reserve	26,700		26,700
2010-1 [Member] | Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	16,037		23,036
Gross Receivables Pledged	40,958		55,525
Cash Reserve	4,500		4,500
Interest Rate	3.60%	[1]	3.60%	[1]
2011-1 [Member] | Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	48,398		60,335
Gross Receivables Pledged	67,170		84,198
Cash Reserve	4,200		4,200
Interest Rate	3.00%	[1]	3.00%	[1]
2011-2 [Member] | Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	69,436		84,977
Gross Receivables Pledged	84,419		103,779
Cash Reserve	4,500		4,500
Interest Rate	2.90%	[1]	2.90%	[1]
2011-3 [Member] | Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	106,570		130,347
Gross Receivables Pledged	129,943		159,068
Cash Reserve	4,500		4,500
Interest Rate	3.90%	[1]	3.90%	[1]
2012-1 [Member] | Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	145,443		170,198
Gross Receivables Pledged	188,752		219,252
Cash Reserve	4,500		4,500
Interest Rate	3.50%	[1]	3.50%	[1]
2012-2 [Member] | Securitization Debt [Member]
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Debt Balance	184,000		208,225
Gross Receivables Pledged	223,914		251,409
Cash Reserve	$ 4,500		$ 4,500
Interest Rate	2.90%	[1]	2.90%	[1]

[1] These rates represent the original duration weighted average rates of the outstanding asset-backed securities.

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Finance Receivables Allowance for Credit Losses (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Allowance Activity:
Balance, beginning of period	$ 252,590,000	$ 221,533,000
Provision for credit losses	77,842,000	60,342,000
Net charge-offs	(60,810,000)	(44,848,000)
Balance, end of period	269,622,000	237,027,000
Allowance as a percent of portfolio principal	15.70%	15.10%
Charge off Activity:
Principal balances	(97,917,000)	(82,851,000)
Recoveries, net	37,107,000	38,003,000
Net charge-offs	(60,810,000)	(44,848,000)
Other Receivables	$ 29,400,000		$ 37,000,000

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Commitments And Contingencies (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Warranty Accrual Activity
Balance, Beginning of Period	$ 24,030	$ 24,004
Warranty Expense	8,556	7,441
Warranty Claims Paid	(7,678)	(4,009)
Balance, End of Period	$ 24,908	$ 27,436

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Deferred Revenue (Details) (USD $)	3 Months Ended
	Mar. 31, 2013
Movement in Deferred Revenue [Roll Forward]
Balance, Beginning of Period	$ 2,332,000
Gross Revenue Deferred	7,037,000
Revenue Recognized	(358,000)
Balance, End of Period	9,011,000
Separately Priced Service Contracts [Member]
Movement in Deferred Revenue [Roll Forward]
Deferred Costs	$ 1,700,000

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Debt Obligations

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Debt Obligations

Debt Obligations

Portfolio Term Financings

The following is a summary of portfolio term financings:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Securitization Debt:
Asset backed security obligations	$	569,884	$	677,118
Bank Term Financing:
Variable rate secured financing transactions for our finance receivable portfolio	319,322		347,360
Portfolio Term Residual Financing:
Variable rate financing facility secured by residual interests in finance receivables of certain warehouse facilities and securitization trusts	100,000		25,000
Total Portfolio Term Financings	$	989,206	$	1,049,478

Securitization debt

The following is a summary of securitization transactions with outstanding balances for each period presented:

	As of March 31, 2013							As of December 31, 2012
Transaction	Debt Balance		Gross Receivables Pledged		Cash Reserve		Interest Rate (1)	Debt Balance		Gross Receivables Pledged		Cash Reserve		Interest Rate (1)
	($ In thousands)							($ In thousands)
2010-1	$	16,037	$	40,958	$	4,500	3.6%	$	23,036	$	55,525	$	4,500	3.6%
2011-1	48,398		67,170		4,200		3.0%	60,335		84,198		4,200		3.0%
2011-2	69,436		84,419		4,500		2.9%	84,977		103,779		4,500		2.9%
2011-3	106,570		129,943		4,500		3.9%	130,347		159,068		4,500		3.9%
2012-1	145,443		188,752		4,500		3.5%	170,198		219,252		4,500		3.5%
2012-2	184,000		223,914		4,500		2.9%	208,225		251,409		4,500		2.9%
	$	569,884	$	735,156	$	26,700		$	677,118	$	873,231	$	26,700

^{(1) These rates represent the original duration weighted average rates of the outstanding asset-backed securities.}  

Asset-backed securities outstanding are secured by underlying pools of finance receivables (collateral) and investments held in trust (cash reserve). Credit enhancement for the asset-backed securities consists of a cash reserve account, over collateralization, and subordination of certain classes of notes in each trust to more senior classes of notes in such trust. Asset-backed securities outstanding have interest payable monthly at the fixed rates represented in the table above. All outstanding securitizations were rated in tranches with credit ratings from AAA to BBB by S&P and DBRS.

Individual securitization trusts are not cross-collateralized or cross-defaulted. Additionally, we have the option to purchase the remaining loans in a trust when the remaining principal balances of the loans reach 10% of their original principal balance.

Bank term financing

Bank term financings are secured by underlying pools of finance receivables and a cash reserve account. At March 31, 2013 and December 31, 2012, our outstanding bank term financing with Wells Fargo Bank bears interest at LIBOR plus 2.00% (2.20% at both March 31, 2013 and December 31, 2012). This facility includes overcollateralization and a cash reserve similar to a securitization transaction, but consists of only one class of bonds and is unrated. At March 31, 2013 and December 31, 2012, $401.6 million and $443.9 million in receivables were pledged as collateral to this facility, respectively. At March 31, 2013 and December 31, 2012, $6.9 million was held as a cash reserve for this facility.

Portfolio term residual financing

The term residual facility with Santander Consumer USA Inc. ("Santander") is secured by residual interests in our warehouse facilities and certain securitization trusts. The amounts outstanding under the facility bear interest at LIBOR + 3.50% or LIBOR + 6.00%, depending upon whether certain conditions are satisfied. This facility provides for funding through December 2019, with a term-out feature resulting in a final maturity of December 2020. At March 31, 2013, we were in compliance with all financial covenants of the facility. For the three months ended March 31, 2013, interest accrued at LIBOR + 3.50% (3.70% at March 31, 2013).

Portfolio warehouse facilities

The following is a summary of portfolio warehouse facilities:

	As of March 31, 2013
	Amount Drawn		Facility Amount		Stated Advance Rate		Collateral (1)		Interest Rate (2)		Expiration Date	Final Maturity
	($ In thousands)
Portfolio Warehouse Facilities
Deutsche Bank	$	48,100	$	150,000	65	%	$	111,641	2.45	%	Dec 2014	Dec 2015
Wells Fargo	53,000		150,000		58	%	119,858		2.45	%	Dec 2013	Dec 2015
RBS	43,900		125,000		65	%	116,138		2.50	%	Mar 2014	Mar 2015
Total Portfolio Warehouse Facilities	$	145,000	$	425,000

	As of December 31, 2012
	Amount Drawn		Facility Amount		Stated Advance Rate		Collateral (1)		Interest Rate (2)		Expiration Date	Final Maturity
	($ In thousands)
Portfolio Warehouse Facilities
Deutsche Bank	$	19,300	$	150,000	65	%	$	38,881	2.46	%	Dec 2014	Dec 2015
Wells Fargo	23,000		150,000		58	%	42,778		2.46	%	Dec 2013	Dec 2015
RBS	14,900		125,000		53	%	26,707		1.65	%	Mar 2013	Mar 2014
Total Portfolio Warehouse Facilities	$	57,200	$	425,000

^{(1)  Collateral represents underlying pools of finance receivables pledged to each facility.} 

^{(2)  Interest rate at period end equal to contractual benchmark plus index.} 

Deutsche Bank Warehouse Facility

We have a revolving warehouse facility with Deutsche Bank AG, New York Branch (Deutsche Bank). The amounts outstanding under the facility bear interest at LIBOR plus 2.25%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

Wells Fargo Warehouse Facility

We have a revolving warehouse facility with Wells Fargo Bank, N.A. (Wells Fargo). On March 15, 2013 we executed an amendment to permit contracts originated by GO Financial to be pledged as collateral. The amounts outstanding under the facility bear interest at LIBOR plus 2.25%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

RBS Warehouse Facility

We have a revolving warehouse facility with The Royal Bank of Scotland plc (RBS). The amounts outstanding under the facility bear interest at LIBOR plus 2.25%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

Senior secured notes payable

A summary of Senior Secured Notes payable follows:

	As of March 31, 2013	As of December 31, 2012
	(In thousands)
Senior Secured Notes Payable	193,392	193,320
Senior Secured Notes Payable - Related Party	5,000	5,000
Total Senior Secured Notes Payable	198,392	198,320

In June 2010 we issued $200.0 million of 12.625% senior secured notes due 2017 (the “Senior Secured Notes”). The notes were issued with an original issuance price of 98.854%, resulting in an effective yield of 12.875%. Interest on the Senior Secured Notes is payable semi- annually in arrears on June 15th and December 15th of each year. As of March 31, 2013, we were in compliance with all financial covenants of the Senior Secured Notes. At March 31, 2013 and December 31, 2012, the Senior Secured Notes are shown net of unamortized discount of $1.6 million and $1.7 million, respectively. In May 2013, we issued an additional $50.0 million of the Senior Secured Notes. See Note 12- Subsequent Events for further information.

Other secured notes payable

A summary of other secured notes payable follows:

	As of March 31, 2013
	Balance		Max Facility Capacity			Advance Rate		Interest Rate (1)	Expiration Date
	($ In thousands)
Other Secured Notes Payable
Revolving Inventory Facility	$	111,321	$	130,000		85%	(2)	3.75%	Nov 2014
Mortgage Note Payable	12,397		n/a			n/a		5.87%	Mar 2017
Real Estate Facility	11,269		25,000			70%		4.20%	Oct 2020
Equipment Note Payable	1,681		n/a			n/a		4.75%	Apr 2013
Total Other Secured Notes Payable	$	136,668	$	155,000
	As of December 31, 2012
	Balance		Max Facility Capacity			Advance Rate		Interest Rate (1)	Expiration Date
	($ In thousands)
Other Secured Notes Payable
Revolving Inventory Facility	$	91,320	$	140,000	(3)	85%	(2)	3.75%	Nov 2014
Mortgage Note Payable	12,454		n/a			n/a		5.87%	Mar 2017
Real Estate Facility	11,733		25,000			70%		4.21%	Oct 2020
Equipment Note Payable	1,774		n/a			n/a		4.75%	Apr 2013
Total Other Secured Notes Payable	$	117,281	$	165,000

^{(1)  Interest rate at period end equal to contractual benchmark plus index.} 

^{(2)  Advance rate is based on qualifying vehicle cost and is secured by our entire vehicle inventory.} 

^{(3)  Inclusive of a $10.0 million seasonal increase in the months of November through the end of January.}  

Revolving inventory facility

We have a revolving inventory line with Wells Fargo, Santander and Manheim Automotive Financial Services, Inc. The interest rate on the facility is based on the Daily One Month Libor rate plus 3.5%. At March 31, 2013, we were in compliance with all financial covenants of this facility.

Mortgage note payable

We have a mortgage note payable which is secured by our operations call center building in Mesa, Arizona (a commercial property). Terms of the note agreement provide for monthly principal and interest payments with a final balloon payment. At March 31, 2013, we were in compliance with all financial covenants of this loan.

Real Estate Facility

We have a seven year fully amortizing real estate facility with Wells Fargo. The amounts outstanding under the facility bear interest at LIBOR plus 4.0%. At March 31, 2013, we were in compliance with all financial covenants of this facility, and the line was collateralized by nine properties.

Equipment note payable

We have an equipment note payable, which is secured by an aircraft and bears interest at the Prime rate plus 1.5%. In April 2013, we executed an amendment to the note, which extended the maturity date to April 2015 and lowered the interest rate to Prime plus 1.0%. Terms of the note agreement provide for monthly principal and interest payments with a final balloon payment. At March 31, 2013, we were in compliance with all financial covenants of this loan.

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Debt Obligations (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Pooled Auto Loan Program Financings [Member]
Debt Instrument [Line Items]
Collateral	$ 401,600	$ 443,900
Cash Reserve	$ 6,900	$ 6,900
Pooled Auto Loan Program Financings [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.00%	2.00%
Interest Rate	2.20%	2.20%
Portfolio Term Residual Financing [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable interest rate	3.50%
Interest Rate	3.70%
Option One [Member] | Term Residual Warehouse Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable interest rate	3.50%
Option Two [Member] | Term Residual Warehouse Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable interest rate	6.00%

XML

Supplemental Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Consolidating Balance Sheets

	DriveTime Automotive Group, Inc.											DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non-Guarantor Subsidiary		Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non-Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
ASSETS
Cash and Cash Equivalents	$	3,327	$	510	$	5	$	—		$	3,842	$	52	$	257	$	21,580		$	—		$	21,889		$	—		$	25,731
Restricted Cash and Investments Held in Trust	—		—		—		—			—		25,027		101,924		—			—			126,951			—			126,951
Finance Receivables	—		—		—		—			—		279		—		1,739,261			—			1,739,540			—			1,739,540
Allowance for Credit Losses	—		—		—		—			—		—		—		(269,622		)	—			(269,622		)	—			(269,622		)
Finance Receivables, Net	—		—		—		—			—		279		—		1,469,639			—			1,469,918			—			1,469,918
Dealer Finance Receivables	—		—		—		—			—		74,753		—		—			—			74,753			—			74,753
Inventory	228,876		—		—		—			228,876		—		—		—			—			—			—			228,876
Property and Equipment, Net	72,924		—		—		—			72,924		5,457		15,211		2,521			—			23,189			—			96,113
Investments in Subsidiaries	—		—		348,577		(348,577		)	—		—		—		430,410			(430,410		)	—			—			—
Other Assets	1,428,316		26,135		480,864		(706,690		)	1,228,625		649,462		1,455,383		1,129,613			(2,110,920		)	1,123,538			(2,294,850		)	57,313
Total Assets	$	1,733,443	$	26,645	$	829,446	$	(1,055,267	)	$	1,534,267	$	755,030	$	1,572,775	$	3,053,763		$	(2,541,330	)	$	2,840,238		$	(2,294,850	)	$	2,079,655
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	18,571	$	—	$	—	$	—		$	18,571	$	10	$	—	$	—		$	—		$	10		$	—		$	18,581
Accrued Expenses and Other Liabilities	1,270,241		108		605,229		(706,690		)	1,168,888		726,350		6,459		2,593,550			(2,094,627		)	1,231,732			(2,294,850		)	105,770
Portfolio Term Financings	—		—		—		—			—		—		1,005,499		—			(16,293		)	989,206			—			989,206
Portfolio Warehouse Facilities	—		—		—		—			—		—		145,000		—			—			145,000			—			145,000
Senior Secured Notes Payable	—		—		99,196		—			99,196		—		—		99,196			—			99,196			—			198,392
Other Secured Notes Payable	111,321		11,269		—		—			122,590		1,681		12,397		—			—			14,078			—			136,668
Total Liabilities	1,400,133		11,377		704,425		(706,690		)	1,409,245		728,041		1,169,355		2,692,746			(2,110,920		)	2,479,222			(2,294,850		)	1,593,617
Shareholders’ Equity:
Total Shareholders’ Equity	333,309		15,268		125,021		(348,577		)	125,021		26,989		403,421		361,017			(430,410		)	361,017			—			486,038
Total Liabilities & Shareholders’ Equity	$	1,733,442	$	26,645	$	829,446	$	(1,055,267	)	$	1,534,266	$	755,030	$	1,572,776	$	3,053,763		$	(2,541,330	)	$	2,840,239		$	(2,294,850	)	$	2,079,655

	DriveTime Automotive Group, Inc.											DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non- Guarantor Subsidiary		Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non- Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
ASSETS
Cash and Cash Equivalents	$	6,937	$	482	$	5	$	—		$	7,424	$	9	$	423	$	18,624		$	—		$	19,056		$	—		$	26,480
Restricted Cash and Investments Held in Trust	—		—		—		—			—		16,163		90,909		—			—			107,072			—			107,072
Finance Receivables	—		—		—		—			—		—		—		1,634,622			—			1,634,622			—			1,634,622
Allowance for Credit Losses	—		—		—		—			—		—		—		(252,590		)	—			(252,590		)	—			(252,590		)
Finance Receivables, Net	—		—		—		—			—		—		—		1,382,032			—			1,382,032			—			1,382,032
Dealer Finance Receivables	—		—		—		—			—		40,956		—		—			—			40,956			—			40,956
Inventory	270,733		—		—		—			270,733		—		—		—			—			—			—			270,733
Property and Equipment, Net	70,668		—		—		—			70,668		5,807		15,216		2,706			—			23,729			—			94,397
Investments in Subsidiaries	—		—		473,828		(473,828		)	—		—		—		348,577			(348,577		)	—			—			—
Other Assets	1,226,409		26,480		383,689		(711,814		)	924,764		496,384		1,352,295		887,248			(1,857,217		)	878,710			(1,736,027		)	67,447
Total Assets	$	1,574,747	$	26,962	$	857,522	$	(1,185,642	)	$	1,273,589	$	559,319	$	1,458,843	$	2,639,187		$	(2,205,794	)	$	2,451,555		$	(1,736,027	)	$	1,989,117
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	17,342	$	—	$	—	$	—		$	17,342	$	4	$	—	$	—		$	—		$	4		$	—		$	17,346
Accrued Expenses and Other Liabilities	1,006,791		695		602,314		(711,814		)	897,986		521,476		6,703		2,228,522			(1,836,721		)	919,980			(1,736,027		)	81,939
Portfolio Term Financings	—		—		—		—			—		—		1,069,974		—			(20,496		)	1,049,478			—			1,049,478
Portfolio Warehouse Facilities	—		—		—		—			—		—		57,200		—			—			57,200			—			57,200
Senior Secured Notes Payable	—		—		99,160		—			99,160		—		—		99,160			—			99,160			—			198,320
Other Secured Notes Payable	91,320		11,733		—		—			103,053		1,774		12,454		—			—			14,228			—			117,281
Total Liabilities	1,115,453		12,428		701,474		(711,814		)	1,117,541		523,254		1,146,331		2,327,682			(1,857,217		)	2,140,050			(1,736,027		)	1,521,564
Shareholders’ Equity:
Total Shareholders’ Equity	459,294		14,534		156,048		(473,828		)	156,048		36,065		312,512		311,505			(348,577		)	311,505			—			467,553
Total Liabilities & Shareholders’ Equity	$	1,574,747	$	26,962	$	857,522	$	(1,185,642	)	$	1,273,589	$	559,319	$	1,458,843	$	2,639,187		$	(2,205,794	)	$	2,451,555		$	(1,736,027	)	$	1,989,117

Schedule of Consolidating Statements of Operations

	DriveTime Automotive Group, Inc.												DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non-Guarantor Subsidiary			Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non-Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Revenue:
Sales of Used Vehicles	$	309,468	$	—		$	—	$	—		$	309,468	$	—	$	—	$	—		$	—		$	—		$	—		$	309,468
Interest Income	—		—			—		—			—		3		73,291		75,249			(73,569		)	74,974			—			74,974
Dealer Finance and Other Income	—		—			—		—			—		2,800		—		—			—			2,800			—			2,800
Other Revenue	12,130		—			12,546		—			24,676		15,980		—		523			(15,994		)	509			(25,185		)	—
Equity in Income of Subsidiaries	—		—			71,391		(71,391		)	—		—		—		50,153			(50,153		)	—			—			—
Total Revenue	321,598		—			83,937		(71,391		)	334,144		18,783		73,291		125,925			(139,716		)	78,283			(25,185		)	387,242
Costs and Expenses:
Cost of Used Vehicles Sold	211,638		—			—		—			211,638		—		—		—			—			—			—			211,638
Provision for Credit Losses	—		—			—		—			—		—		—		77,842			—			77,842			—			77,842
Portfolio Debt Interest Expense	—		—			—		—			—		—		10,186		—			—			10,186			—			10,186
Non-Portfolio Debt Interest Expense	957		135			13		—			1,105		20		464		86,788			(73,569		)	13,703			(13,489		)	1,319
Senior Secured Debt Interest Expense	—		—			3,321		—			3,321		—		—		3,320			—			3,320			—			6,641
Selling and Marketing	8,982		—			—		—			8,982		14		—		(79		)	—			(65		)	—			8,917
General and Administrative	24,837		(952		)	2,195		—			26,080		16,558		14,125		17,287			(15,994		)	31,976			(11,696		)	46,360
Depreciation Expense	4,527		—			—		—			4,527		419		135		327			—			881			—			5,408
Total Costs and Expenses	250,941		(817		)	5,529		—			255,653		17,011		24,910		185,485			(89,563		)	137,843			(25,185		)	368,311
Income (Loss) before Income Taxes	70,657		817			78,408		(71,391		)	78,491		1,772		48,381		(59,560		)	(50,153		)	(59,560		)	—			18,931
Income Tax Expense	—		83			70		—			153		—		—		189			—			189			—			342
Net Income (Loss)	$	70,657	$	734		$	78,338	$	(71,391	)	$	78,338	$	1,772	$	48,381	$	(59,749	)	$	(50,153	)	$	(59,749	)	$	—		$	18,589

	DriveTime Automotive Group, Inc.												DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non- Guarantor Subsidiary			Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Revenue:
Sales of Used Vehicles	$	297,135	$	—		$	—	$	—		$	297,135	$	—		$	—	$	—		$	—		$	—		$	—		$	297,135
Interest Income	—		—			—		—			—		—			63,490		70,831			(63,793		)	70,528			—			70,528
Dealer Finance and Other Income	—		—			—		—			—		175			—		—			—			175			—			175
Other Revenue	11,413		—			6,760		—			18,173		14,525			—		569			(14,504		)	590			(18,763		)	—
Equity in Income of Subsidiaries	—		—			76,510		(76,510		)	—		—			—		39,219			(39,219		)	—			—			—
Total Revenue	308,548		—			83,270		(76,510		)	315,308		14,700			63,490		110,619			(117,516		)	71,293			(18,763		)	367,838
Costs and Expenses:
Cost of Used Vehicles Sold	197,161		—			—		—			197,161		—			—		—			—			—			—			197,161
Provision for Credit Losses	—		—			—		—			—		—			—		60,342			—			60,342			—			60,342
Portfolio Debt Interest Expense	—		—			—		—			—		—			10,354		—			—			10,354			—			10,354
Non-Portfolio Debt Interest Expense	813		—			10		—			823		24			494		71,894			(63,793		)	8,619			(8,399		)	1,043
Senior Secured Debt Interest Expense	—		—			3,303		—			3,303		—			—		3,303			—			3,303			—			6,606
Selling and Marketing	9,405		—			—		—			9,405		65			—		—			—			65			—			9,470
General and Administrative	20,736		(306		)	2,113		—			22,543		15,207			12,413		19,429			(14,504		)	32,545			(10,364		)	44,724
Depreciation Expense	4,210		—			—		—			4,210		260			154		327			—			741			—			4,951
Total Costs and Expenses	232,325		(306		)	5,426		—			237,445		15,556			23,415		155,295			(78,297		)	115,969			(18,763		)	334,651
Income (Loss) before Income Taxes	76,223		306			77,844		(76,510		)	77,863		(856		)	40,075		(44,676		)	(39,219		)	(44,676		)	—			33,187
Income Tax Expense	—		56			108		—			164		—			—		228			—			228			—			392
Net Income (Loss)	$	76,223	$	250		$	77,736	$	(76,510	)	$	77,699	$	(856	)	$	40,075	$	(44,904	)	$	(39,219	)	$	(44,904	)	$	—		$	32,795

Schedule of Consolidating Statements of Cash Flows

	DriveTime Automotive Group, Inc.															DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non-Guarantor Subsidiary			Parent Company			Eliminations			Consolidated			Guarantor Subsidiaries Combined			Non-Guarantor Subsidiaries Combined			Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Operating Activities:
Net Income (Loss)	$	70,657		$	734		$	78,338		$	(71,391	)	$	78,338		$	1,772		$	48,381		$	(59,749	)	$	(50,153	)	$	(59,749	)	$	—		$	18,589
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used In) Operating Activities:
Provision for Credit Losses	—			—			—			—			—			—			—			77,842			—			77,842			—			77,842
Depreciation Expense	4,527			—			—			—			4,527			419			135			327			—			881			—			5,408
Amortization of Debt Issuance Costs and Debt Premium and Discount	41			15			164			—			220			—			1,276			164			—			1,440			—			1,660
Non-Cash Compensation Expense-Related Party	—			—			155			—			155			—			—			156			—			156			—			311
Loss (Gain) from Disposal of Property and Equipment	(41		)	—			—			—			(41		)	78			—			(6		)	—			72			—			31
Originations of Finance Receivables	—			—			—			—			—			(285		)	—			(311,789		)	—			(312,074		)	—			(312,074		)
Collections and Recoveries on Finance Receivable Principal Balances	—			—			—			—			—			7			—			145,916			—			145,923			—			145,923
Change in Accrued Interest Receivable and Loan Origination Costs	—			—			—			—			—			—			—			423			—			423			—			423
Decrease in Inventory	41,857			—			—			—			41,857			—			—			—			—			—			—			41,857
(Increase) Decrease in Other Assets	(398,590		)	330			(81,588		)	66,267			(413,581		)	(163,925		)	(61,553		)	(214,791		)	303,856			(136,413		)	558,823			8,829
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	264,680			(588		)	2,931			5,124			272,147			204,879			(243		)	364,599			(257,906		)	311,329			(558,823		)	24,653
Net Cash Provided By (Used In) Operating Activities	(16,869		)	491			—			—			(16,378		)	42,945			(12,004		)	3,092			(4,203		)	29,830			—			13,452
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	—			—			—			—			—			(38,960		)	—			—			—			(38,960		)	—			(38,960		)
Collections and Recoveries of Dealer Finance Receivables	—			—			—			—			—			5,163			—			—			—			5,163			—			5,163
Proceeds from Disposal of Property and Equipment	453			—			—			—			453			165			—			23			—			188			—			641
Purchase of Property and Equipment	(7,194		)	—			—			—			(7,194		)	(313		)	(131		)	(159		)	—			(603		)	—			(7,797		)
Net Cash Used In Investing Activities	(6,741		)	—			—			—			(6,741		)	(33,945		)	(131		)	(136		)	—			(34,212		)	—			(40,953		)

	DriveTime Automotive Group, Inc.													DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non-Guarantor Subsidiary			Parent Company		Eliminations		Consolidated			Guarantor Subsidiaries Combined			Non-Guarantor Subsidiaries Combined			Parent Company		Eliminations		Consolidated			Eliminations		DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Financing Activities:
Decrease in Restricted Cash	—			—			—		—		—			(8,864		)	(6,760		)	—		—		(15,624		)	—		(15,624		)
Collections, Buybacks and Change in Investments Held in Trust	—			—			—		—		—			—			(4,255		)	—		—		(4,255		)	—		(4,255		)
Additions to Portfolio Term Financings	—			—			—		—		—			—			75,000			—		—		75,000			—		75,000
Repayment of Portfolio Term Financings	—			—			—		—		—			—			(139,410		)	—		4,203		(135,207		)	—		(135,207		)
Additions to Portfolio Warehouse Facilities	—			—			—		—		—			—			210,300			—		—		210,300			—		210,300
Repayment of Portfolio Warehouse Facilities	—			—			—		—		—			—			(122,500		)	—		—		(122,500		)	—		(122,500		)
Additions to Other Secured Notes Payable	20,000			—			—		—		20,000			—			—			—		—		—			—		20,000
Repayment of Other Secured Notes Payable	—			(463		)	—		—		(463		)	(93		)	(58		)	—		—		(151		)	—		(614		)
Payment of Debt Issuance Costs	—			—			—		—		—			—			(348		)	—		—		(348		)	—		(348		)
Dividend Distributions	—			—			—		—		—			—			—			—		—		—			—		—
Net Cash Provided By (Used In) Financing Activities	20,000			(463		)	—		—		19,537			(8,957		)	11,969			—		4,203		7,215			—		26,752
Net Increase (Decrease) in Cash and Cash Equivalents	(3,610		)	28			—		—		(3,582		)	43			(166		)	2,956		—		2,833			—		(749		)
Cash and Cash Equivalents at Beginning of Period	6,937			482			5		—		7,424			9			423			18,624		—		19,056			—		26,480
Cash and Cash Equivalents at End of Period	$	3,327		$	510		$	5	$	—	$	3,842		$	52		$	257		$	21,580	$	—	$	21,889		$	—	$	25,731

	DriveTime Automotive Group, Inc.															DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non- Guarantor Subsidiary			Parent Company			Eliminations			Consolidated			Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined			Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Operating Activities:
Net Income (Loss)	$	76,223		$	250		$	77,736		$	(76,510	)	$	77,699		$	(856	)	$	40,075		$	(44,904	)	$	(39,219	)	$	(44,904	)	$	—		$	32,795
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used In) Operating Activities:
Provision for Credit Losses	—			—			—			—			—			—			—			60,342			—			60,342			—			60,342
Depreciation Expense	4,210			—			—			—			4,210			260			154			327			—			741			—			4,951
Amortization of Debt Issuance Costs and Debt Premium and Discount	(9		)	—			147			—			138			—			1,628			147			—			1,775			—			1,913
Non-Cash Compensation Expense-Related Party	—			—			233			—			233			—			—			232			—			232			—			465
Loss from Disposal of Property and Equipment	(43		)	—			—			—			(43		)	(17		)	—			—			—			(17		)	—			(60		)
Originations of Finance Receivables	—			—			—			—			—			—			—			(292,970		)	—			(292,970		)	—			(292,970		)
Collections and Recoveries on Finance Receivable Principal Balances	—			—			—			—			—			—			—			148,309			—			148,309			—			148,309
Decrease in Accrued Interest Receivable and Loan Origination Costs	—			—			—			—			—			—			—			(506		)	—			(506		)	—			(506		)
Decrease in Inventory	80,748			—			—			—			80,748			—			—			—			—			—			—			80,748
(Increase) Decrease in Other Assets	(392,660		)	(860		)	(79,037		)	75,599			(396,958		)	(215,975		)	54,673			(147,096		)	144,296			(164,102		)	567,102			6,042
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	256,446			96			927			911			258,380			227,018			(1,467		)	272,488			(168,746		)	329,293			(567,102		)	20,571
Net Cash Provided By (Used In) Operating Activities	24,915			(514		)	6			—			24,407			10,430			95,063			(3,631		)	(63,669		)	38,193			—			62,600
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	—			—			—			—			—			(5,627		)	—			—			—			(5,627		)	—			(5,627		)
Collections and Receoveries of Dealer Finance Receivables	—			—			—			—			—			178			—			—			—			178			—			178
Proceeds from Disposal of Property and Equipment	364			—			—			—			364			70			—			22			—			92			—			456
Purchase of Property and Equipment	(4,587		)	—			—			—			(4,587		)	(1,419		)	460			(104		)	—			(1,063		)	—			(5,650		)
Net Cash Provided By (Used In) Investing Activities	(4,223		)	—			—			—			(4,223		)	(6,798		)	460			(82		)	—			(6,420		)	—			(10,643		)

	DriveTime Automotive Group, Inc.														DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non- Guarantor Subsidiary			Parent Company			Eliminations		Consolidated			Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined			Parent Company			Eliminations		Consolidated			Eliminations		DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Financing Activities:
Decrease in Restricted Cash	—			—			—			—		—			(3,396		)	(5,103		)	—			—		(8,499		)	—		(8,499		)
Collections, Buybacks and Change in Investments Held in Trust	—			—			—			—		—			—			(1,785		)	—			—		(1,785		)	—		(1,785		)
Additions to Portfolio Warehouse Facilities	—			—			—			—		—			—			—			—			—		—			—		—
Repayment of Portfolio Warehouse Facilities	—			—			—			—		—			—			(112,289		)	—			—		(112,289		)	—		(112,289		)
Additions to Portfolio Term Financings	—			—			—			—		—			—			195,800			—			—		195,800			—		195,800
Repayment of Portfolio Term Financings	—			—			—			—		—			—			(108,000		)	—			—		(108,000		)	—		(108,000		)
Additions to Other Secured Notes Payable	—			—			—			—		—			—			—			—			—		—			—		—
Repayment of Other Secured Notes Payable	(14,390		)	—			—			—		(14,390		)	(89		)	(52		)	—			—		(141		)	—		(14,531		)
Payment of Debt Issuance Costs	(25		)	—			(6		)	—		(31		)	—			(520		)	(6		)	—		(526		)	—		(557		)
Dividend Distributions	—			—			—			—		—			—			(63,669		)	(5,260		)	63,669		(5,260		)	—		(5,260		)
Net Cash Provided By (Used In) Financing Activities	(14,415		)	—			(6		)	—		(14,421		)	(3,485		)	(95,618		)	(5,266		)	63,669		(40,700		)	—		(55,121		)
Net Increase (Decrease) in Cash and Cash Equivalents	6,277			(514		)	—			—		5,763			147			(95		)	(8,979		)	—		(8,927		)	—		(3,164		)
Cash and Cash Equivalents at Beginning of Period	2,868			595			5			—		3,468			52			397			22,013			—		22,462			—		25,930
Cash and Cash Equivalents at End of Period	$	9,145		$	81		$	5		$	—	$	9,231		$	199		$	302		$	13,034		$	—	$	13,535		$	—	$	22,766

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Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following is a summary of carrying value and fair value of our financial instruments for each period presented:

	March 31, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)				(In thousands)
Finance Receivables, net (1)	$	1,461,336	$	1,550,131	$	1,370,800	$	1,441,026
Dealer Finance Receivables - GO, net	74,753		74,753		40,956		40,956
Securitization Debt	569,884		588,176		677,118		702,031
Portfolio Term Residual Financing	100,000		100,000		25,000		25,000
Bank Term Financings	319,321		319,321		347,360		347,360
Portfolio Warehouse Facilities	145,000		145,000		57,200		57,200
Senior Secured Notes Payable	198,392		222,199		198,320		220,135
Revolving Inventory Facility	111,321		111,662		91,320		91,600
Mortgage Note Payable	12,397		11,149		12,454		11,200
Real Estate Facility	11,269		11,237		11,733		11,700

^{(1)   Represents finance receivable principal balances, plus accrued interest, less the allowance for credit losses.}

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Supplemental Consolidating Financial Information Supplemental Consolidating Financial Information (Details) (Senior Secured Notes [Member])	Mar. 31, 2013
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Stated interest rate on debt instrument	12.625%

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Debt Obligations Portfolio Warehouse Facilities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Line of Credit Facility [Line Items]
Amount Drawn	$ 145,000		$ 57,200
Facility Amount	425,000		425,000
Deutsche Bank Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Amount Drawn	48,100		19,300
Facility Amount	150,000		150,000
Stated Advance Rate	65.00%		65.00%
Collateral	111,641	[1]	38,881	[1]
Interest Rate	2.45%	[2]	2.46%	[2]
Wells Fargo Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Amount Drawn	53,000		23,000
Facility Amount	150,000		150,000
Stated Advance Rate	57.60%		58.00%
Collateral	119,858	[1]	42,778	[1]
Interest Rate	2.45%	[2]	2.46%	[2]
RBS Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Amount Drawn	43,900		14,900
Facility Amount	125,000		125,000
Stated Advance Rate	65.00%		53.00%
Collateral	$ 116,138	[1]	$ 26,707	[1]
Interest Rate	2.50%	[2]	1.65%	[2]
LIBOR [Member] | Deutsche Bank Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	2.25%
LIBOR [Member] | Wells Fargo Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	2.25%
LIBOR [Member] | RBS Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	2.25%

[1] Collateral represents underlying pools of finance receivables pledged to each facility.

[2] Interest rate at period end equal to contractual benchmark plus index.

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Revenue and operating income (loss) for each segment are provided below for the three months endedMarch 31, 2013 and March 31, 2012, while assets and liabilities are presented as of March 31, 2013 and December 31, 2012.

	Three Months Ended						Three Months Ended
	March 31, 2013						March 31, 2012
	DriveTime		GO		Total		DriveTime		GO			Total
Revenue:	(In thousands)
Sales of Used Vehicles	$	309,468	$	—	$	309,468	$	297,135	$	—		$	297,135
Interest Income	74,971		3		74,974		70,528		—			70,528
Dealer Finance and Other Income	—		2,800		2,800		—		175			175
Total Revenue:	$	384,439	$	2,803	$	387,242	$	367,663	$	175		$	367,838
Expenses:
Interest Expense	18,146		—		18,146		18,003		—			18,003
Depreciation Expense	5,277		131		5,408		4,876		75			4,951
Other Costs and Operating Expenses	342,853		1,904		344,757		310,466		1,231			311,697
Total Costs and Expenses:	$	366,276	$	2,035	$	368,311	$	333,345	$	1,306		$	334,651
Income (Loss) Before Income Taxes:	$	18,163	$	768	$	18,931	$	34,318	$	(1,131	)	$	33,187

	March 31, 2013						December 31, 2012
	DriveTime		GO		Total		DriveTime		GO		Total
	(In thousands)
Assets:	$	2,003,189	$	76,466	$	2,079,655	$	1,946,714	$	42,403	$	1,989,117
Liabilities:	$	1,592,176	$	1,441	$	1,593,617	$	1,520,866	$	698	$	1,521,564
Equity:	$	411,013	$	75,025	$	486,038	$	425,848	$	41,705	$	467,553

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Description Of Business, Ownership Formation, Basis Of Presentation, And Principles Of Consolidation Ownership (Details)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2013 DriveTime Automotive Group, Inc [Member] Board of Directors Chairman [Member]	Dec. 31, 2012 DriveTime Automotive Group, Inc [Member] Board of Directors Chairman [Member]	Mar. 31, 2013 DriveTime Automotive Group, Inc [Member] Chief Executive Officer [Member]	Dec. 31, 2012 DriveTime Automotive Group, Inc [Member] Chief Executive Officer [Member]	Mar. 31, 2013 Variable Interest Entity, Primary Beneficiary [Member] Board of Directors Chairman [Member]	Dec. 31, 2012 Variable Interest Entity, Primary Beneficiary [Member] Board of Directors Chairman [Member]	Mar. 31, 2013 Variable Interest Entity, Primary Beneficiary [Member] Chief Executive Officer [Member]	Dec. 31, 2012 Variable Interest Entity, Primary Beneficiary [Member] Chief Executive Officer [Member]
Schedule of Company Ownership by Owner [Line Items]
Shares owned		100.0	100.0	1.8	1.8	100	100	1.8	1.8
Ownership percentage of company		98.30%	98.30%	1.70%	1.70%	98.30%	98.30%	1.70%	1.70%
DTAG loans as a percentage of loans DTAC is required to purchase	100.00%

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Dealer Finance Receivables - GO

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Dealer Finance Receivables

Dealer Finance Receivables - GO

The following is a summary of the activity in Dealer Finance Receivables:

	Three months ended March 31,
	2013			2012
	(In thousands)
Balance, Beginning of Period	$	40,956		$	24
Advances During the Period	38,960			5,502
Revenue Recognized	2,037			125
Payments to Reduce Amount Advanced	(7,200		)	(178		)
Balance, End of Period	$	74,753		$	5,473

At March 31, 2013 and December 31, 2012 we have not recorded impairment on any pools.

Accretable yield represents the amount of revenue the Company expects over the remaining life of existing portfolios. Changes in accretable yield were as follows:

	Three months ended March 31,
	2013			2012
	(In thousands)
Balance, Beginning of Period	$	8,887		$	—
Accretion (Revenue Recognized)	(2,037		)	(125		)
Additions	9,999			1,792
Reclassification from (to) Nonaccretable Yield	—			—
Balance, End of Period	$	16,849		$	1,667

Non-accretable yield represents the difference between the total contractual net cash flows of Dealer Finance Receivables and the expected cash flows. This difference is neither accreted into income nor recorded on our balance sheet since it represents the portion of cash flows not expected to be received.  Contractual net cash flows are comprised of the underlying contractual cash flows from consumer loans aggregated with the total accretable yield to be earned on Dealer Finance receivables over the life of the Dealer Pool.  Although we are required to present contractual cash flows, we do not believe that contractual net cash flows on the underlying consumer loans are relevant in assessing our potential future cash flows because we are not entitled to the contractual cash flows and do not expect to receive 100% of contractual cash. Expected net cash flows represent the loss adjusted contractual cash flows, including earnings thereon.  Components of non-accretable yield are as follows:

	As of March 31, 2013
	(In thousands)
Contractual Net Cash Flows (1)	$	103,306
Expected Net Cash Flows	(91,602		)
Non-accretable Yield	$	11,704

^{(1)    Contractual net cash flows represents total cash payments due across all dealer servicing agreements for repayment of dealer advances and contract servicing.}

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Restricted Cash And Investments Held In Trust (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Restricted Cash and Investments [Abstract]
Restricted cash	$ 38,121	$ 22,496
Investments Held in Trust	88,830	84,576
Restricted Cash and Investments Held in Trust	$ 126,951	$ 107,072

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Dealer Finance Receivables non-accretable yield (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Receivables [Abstract]
Contractual Cash Not Expected to be Received, Maximum, Percentage	100.00%
Contractual Net Cash Flows	$ 103,306	[1]
Expected Net Cash Flows	(91,602)
Non-accretable Yield	$ 11,704

[1] Contractual net cash flows represents total cash payments due across all dealer servicing agreements for repayment of dealer advances and contract servicing.

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Commitments And Contingencies Operating Leases (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012
Commitments and Contingencies Disclosure [Abstract]
Aggregate operating lease obligations	$ 69.3

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
ASSETS
Cash and Cash Equivalents	$ 25,731		$ 26,480
Restricted Cash and Investments Held in Trust	126,951		107,072
Finance Receivables	1,739,540		1,634,622
Allowance for Credit Losses	(269,622)		(252,590)
Finance Receivables, net	1,469,918		1,382,032
Dealer Finance Receivables	74,753		40,956
Inventory	228,876		270,733
Property and Equipment, net	96,113		94,397
Other Assets	57,313		67,447
Total Assets	2,079,655		1,989,117
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable	18,581		17,346
Accrued Expenses and Other Liabilities	104,829		81,121
Accrued Expenses—Related Party	941		818
Portfolio Term Financings	989,206		1,049,478
Portfolio Warehouse Facilities	145,000		57,200
Senior Secured Notes Payable	193,392		193,320
Senior Secured Notes Payable-Related Party	5,000		5,000
Other Secured Notes Payable	136,668		117,281
Total Liabilities	1,593,617		1,521,564
Shareholders’ Equity—DTAG:
Common Stock	0		0
Paid-in Capital	117,272		147,117
Retained Earnings	7,749		8,931
Total Shareholders’ Equity—DTAG	125,021		156,048
Noncontrolling Interest-DTAC (1)	361,017	[1]	311,505	[1]
Total Equity	486,038		467,553
Total Liabilities & Shareholders’ Equity	$ 2,079,655		$ 1,989,117

[1] Refer to Note 14 for Supplemental Consolidating Financial Information discussion regarding non-controlling interest.

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Debt Obligations Senior Secured Notes Payable (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Senior Notes [Member]	Dec. 31, 2012 Senior Notes [Member]	Jun. 30, 2010 Senior Notes [Member]	May 31, 2013 Subsequent Event [Member] Senior Notes [Member]
Debt Instrument [Line Items]
Senior Secured Notes Payable	$ 193,392,000	$ 193,320,000
Senior Secured Notes Payable-Related Party	5,000,000	5,000,000
Total Senior Secured Notes Payable	198,392,000	198,320,000
Senior secured notes issued					200,000,000.0	50,000,000.0
Stated interest rate on debt instrument					12.625%
Senior notes issuance price as percent of face amount					98.854%	111.00%
Senior notes issued, effective yield percentage					12.875%	7.67%
Unamortized discount of senior notes			$ 1,600,000	$ 1,700,000

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Restricted Cash And Investments Held In Trust

3 Months Ended

Mar. 31, 2013

Restricted Cash and Investments [Abstract]

Restricted Cash And Investments Held In Trust

Restricted Cash and Investments Held in Trust

We maintain various cash accounts, which are pledged as collateral under our debt agreements. We are permitted to invest funds in these accounts in short-term liquid investments. The following is a summary of restricted cash and investments held in trust:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Restricted cash	$	38,121	$	22,496
Investments Held in Trust	88,830		84,576
	$	126,951	$	107,072

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Supplemental Consolidating Financial Information Supplemental Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash Flows from Operating Activities:
Net Income (Loss)	$ 18,589	$ 32,795
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	77,842	60,342
Depreciation Expense	5,408	4,951
Amortization of Debt Issuance Costs and Debt Premium and Discount	1,660	1,913
Non-Cash Compensation Expense—Related Party	311	465
Loss (Gain) from Disposal of Property and Equipment	31	(60)
Originations of Finance Receivables	(312,074)	(292,970)
Collections and Recoveries on Finance Receivable Principal Balances	145,923	148,309
Change in Accrued Interest Receivable and Loan Origination Costs	423	(506)
Decrease in Inventory	41,857	80,748
(Increase) Decrease in Other Assets	8,829	6,042
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	24,653	20,571
Net Cash Provided By Operating Activities	13,452	62,600
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	(38,960)	(5,627)
Collections and Recoveries of Dealer Finance Receivables	5,163	178
Proceeds from Disposal of Property and Equipment	641	456
Purchase of Property and Equipment	(7,797)	(5,650)
Net Cash Used in Investing Activities	(40,953)	(10,643)
Cash Flows from Financing Activities:
Decrease Restricted Cash	(15,624)	(8,499)
Collections, Buybacks and Change in Investments Held in Trust	(4,255)	(1,785)
Additions to Portfolio Term Financings	75,000	0
Repayment of Portfolio Term Financings	(135,207)	(112,289)
Additions to Portfolio Warehouse Facilities	210,300	195,800
Repayment of Portfolio Warehouse Facilities	(122,500)	(108,000)
Additions to Other Secured Notes Payable	20,000	0
Repayment of Other Secured Notes Payable	(614)	(14,531)
Payment of Debt Issuance Costs	(348)	(557)
Dividend Distributions	0	(5,260)
Net Cash Provided by / (Used in) Financing Activities	26,752	(55,121)
Net Decrease in Cash and Cash Equivalents	(749)	(3,164)
Cash and Cash Equivalents at Beginning of Period	26,480	25,930
Cash and Cash Equivalents at End of Period	25,731	22,766
Drive Time Automotive Group, Inc. [Member] | Guarantor Subsidiaries Combined [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	70,657	76,223
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	4,527	4,210
Amortization of Debt Issuance Costs and Debt Premium and Discount	41	(9)
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	(41)	(43)
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	41,857	80,748
(Increase) Decrease in Other Assets	(398,590)	(392,660)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	264,680	256,446
Net Cash Provided By Operating Activities	(16,869)	24,915
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	453	364
Purchase of Property and Equipment	(7,194)	(4,587)
Net Cash Used in Investing Activities	(6,741)	(4,223)
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	20,000	0
Repayment of Other Secured Notes Payable	0	(14,390)
Payment of Debt Issuance Costs	0	(25)
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	20,000	(14,415)
Net Decrease in Cash and Cash Equivalents	(3,610)	6,277
Cash and Cash Equivalents at Beginning of Period	6,937	2,868
Cash and Cash Equivalents at End of Period	3,327	9,145
Drive Time Automotive Group, Inc. [Member] | Non-Guarantor Subsidiaries [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	734	250
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	0	0
Amortization of Debt Issuance Costs and Debt Premium and Discount	15	0
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	0	0
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	330	(860)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	(588)	96
Net Cash Provided By Operating Activities	491	(514)
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	0	0
Purchase of Property and Equipment	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	(463)	0
Payment of Debt Issuance Costs	0	0
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	(463)	0
Net Decrease in Cash and Cash Equivalents	28	(514)
Cash and Cash Equivalents at Beginning of Period	482	595
Cash and Cash Equivalents at End of Period	510	81
Drive Time Automotive Group, Inc. [Member] | Parent Company [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	78,338	77,736
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	0	0
Amortization of Debt Issuance Costs and Debt Premium and Discount	164	147
Non-Cash Compensation Expense—Related Party	155	233
Loss (Gain) from Disposal of Property and Equipment	0	0
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	(81,588)	(79,037)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	2,931	927
Net Cash Provided By Operating Activities	0	6
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	0	0
Purchase of Property and Equipment	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	0	0
Payment of Debt Issuance Costs	0	(6)
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	0	(6)
Net Decrease in Cash and Cash Equivalents	0	0
Cash and Cash Equivalents at Beginning of Period	5	5
Cash and Cash Equivalents at End of Period	5	5
Drive Time Automotive Group, Inc. [Member] | Eliminations [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	(71,391)	(76,510)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	0	0
Amortization of Debt Issuance Costs and Debt Premium and Discount	0	0
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	0	0
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	66,267	75,599
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	5,124	911
Net Cash Provided By Operating Activities	0	0
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	0	0
Purchase of Property and Equipment	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	0	0
Payment of Debt Issuance Costs	0	0
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	0	0
Net Decrease in Cash and Cash Equivalents	0	0
Cash and Cash Equivalents at Beginning of Period	0	0
Cash and Cash Equivalents at End of Period	0	0
Drive Time Automotive Group, Inc. [Member] | Consolidated [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	78,338	77,699
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	4,527	4,210
Amortization of Debt Issuance Costs and Debt Premium and Discount	220	138
Non-Cash Compensation Expense—Related Party	155	233
Loss (Gain) from Disposal of Property and Equipment	(41)	(43)
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	41,857	80,748
(Increase) Decrease in Other Assets	(413,581)	(396,958)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	272,147	258,380
Net Cash Provided By Operating Activities	(16,378)	24,407
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	453	364
Purchase of Property and Equipment	(7,194)	(4,587)
Net Cash Used in Investing Activities	(6,741)	(4,223)
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	20,000	0
Repayment of Other Secured Notes Payable	(463)	(14,390)
Payment of Debt Issuance Costs	0	(31)
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	19,537	(14,421)
Net Decrease in Cash and Cash Equivalents	(3,582)	5,763
Cash and Cash Equivalents at Beginning of Period	7,424	3,468
Cash and Cash Equivalents at End of Period	3,842	9,231
DT Acceptance Corp [Member] | Guarantor Subsidiaries Combined [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	1,772	(856)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	419	260
Amortization of Debt Issuance Costs and Debt Premium and Discount	0	0
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	78	(17)
Originations of Finance Receivables	(285)	0
Collections and Recoveries on Finance Receivable Principal Balances	7	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	(163,925)	(215,975)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	204,879	227,018
Net Cash Provided By Operating Activities	42,945	10,430
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	(38,960)	(5,627)
Collections and Recoveries of Dealer Finance Receivables	5,163	178
Proceeds from Disposal of Property and Equipment	165	70
Purchase of Property and Equipment	(313)	(1,419)
Net Cash Used in Investing Activities	(33,945)	(6,798)
Cash Flows from Financing Activities:
Decrease Restricted Cash	(8,864)	(3,396)
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	(93)	(89)
Payment of Debt Issuance Costs	0	0
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	(8,957)	(3,485)
Net Decrease in Cash and Cash Equivalents	43	147
Cash and Cash Equivalents at Beginning of Period	9	52
Cash and Cash Equivalents at End of Period	52	199
DT Acceptance Corp [Member] | Non-Guarantor Subsidiaries [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	48,381	40,075
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	135	154
Amortization of Debt Issuance Costs and Debt Premium and Discount	1,276	1,628
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	0	0
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	(61,553)	54,673
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	(243)	(1,467)
Net Cash Provided By Operating Activities	(12,004)	95,063
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	0	0
Purchase of Property and Equipment	(131)	460
Net Cash Used in Investing Activities	(131)	460
Cash Flows from Financing Activities:
Decrease Restricted Cash	(6,760)	(5,103)
Collections, Buybacks and Change in Investments Held in Trust	(4,255)	(1,785)
Additions to Portfolio Term Financings	75,000	0
Repayment of Portfolio Term Financings	(139,410)	(112,289)
Additions to Portfolio Warehouse Facilities	210,300	195,800
Repayment of Portfolio Warehouse Facilities	(122,500)	(108,000)
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	(58)	(52)
Payment of Debt Issuance Costs	(348)	(520)
Dividend Distributions	0	(63,669)
Net Cash Provided by / (Used in) Financing Activities	11,969	(95,618)
Net Decrease in Cash and Cash Equivalents	(166)	(95)
Cash and Cash Equivalents at Beginning of Period	423	397
Cash and Cash Equivalents at End of Period	257	302
DT Acceptance Corp [Member] | Parent Company [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	(59,749)	(44,904)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	77,842	60,342
Depreciation Expense	327	327
Amortization of Debt Issuance Costs and Debt Premium and Discount	164	147
Non-Cash Compensation Expense—Related Party	156	232
Loss (Gain) from Disposal of Property and Equipment	(6)	0
Originations of Finance Receivables	(311,789)	(292,970)
Collections and Recoveries on Finance Receivable Principal Balances	145,916	148,309
Change in Accrued Interest Receivable and Loan Origination Costs	423	(506)
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	(214,791)	(147,096)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	364,599	272,488
Net Cash Provided By Operating Activities	3,092	(3,631)
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	23	22
Purchase of Property and Equipment	(159)	(104)
Net Cash Used in Investing Activities	(136)	(82)
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	0	0
Payment of Debt Issuance Costs	0	(6)
Dividend Distributions	0	(5,260)
Net Cash Provided by / (Used in) Financing Activities	0	(5,266)
Net Decrease in Cash and Cash Equivalents	2,956	(8,979)
Cash and Cash Equivalents at Beginning of Period	18,624	22,013
Cash and Cash Equivalents at End of Period	21,580	13,034
DT Acceptance Corp [Member] | Eliminations [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	(50,153)	(39,219)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	0	0
Amortization of Debt Issuance Costs and Debt Premium and Discount	0	0
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	0	0
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	303,856	144,296
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	(257,906)	(168,746)
Net Cash Provided By Operating Activities	(4,203)	(63,669)
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	0	0
Purchase of Property and Equipment	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	4,203	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	0	0
Payment of Debt Issuance Costs	0	0
Dividend Distributions	0	63,669
Net Cash Provided by / (Used in) Financing Activities	4,203	63,669
Net Decrease in Cash and Cash Equivalents	0	0
Cash and Cash Equivalents at Beginning of Period	0	0
Cash and Cash Equivalents at End of Period	0	0
DT Acceptance Corp [Member] | Consolidated [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	(59,749)	(44,904)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	77,842	60,342
Depreciation Expense	881	741
Amortization of Debt Issuance Costs and Debt Premium and Discount	1,440	1,775
Non-Cash Compensation Expense—Related Party	156	232
Loss (Gain) from Disposal of Property and Equipment	72	(17)
Originations of Finance Receivables	(312,074)	(292,970)
Collections and Recoveries on Finance Receivable Principal Balances	145,923	148,309
Change in Accrued Interest Receivable and Loan Origination Costs	423	(506)
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	(136,413)	(164,102)
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	311,329	329,293
Net Cash Provided By Operating Activities	29,830	38,193
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	(38,960)	(5,627)
Collections and Recoveries of Dealer Finance Receivables	5,163	178
Proceeds from Disposal of Property and Equipment	188	92
Purchase of Property and Equipment	(603)	(1,063)
Net Cash Used in Investing Activities	(34,212)	(6,420)
Cash Flows from Financing Activities:
Decrease Restricted Cash	(15,624)	(8,499)
Collections, Buybacks and Change in Investments Held in Trust	(4,255)	(1,785)
Additions to Portfolio Term Financings	75,000	0
Repayment of Portfolio Term Financings	(135,207)	(112,289)
Additions to Portfolio Warehouse Facilities	210,300	195,800
Repayment of Portfolio Warehouse Facilities	(122,500)	(108,000)
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	(151)	(141)
Payment of Debt Issuance Costs	(348)	(526)
Dividend Distributions	0	(5,260)
Net Cash Provided by / (Used in) Financing Activities	7,215	(40,700)
Net Decrease in Cash and Cash Equivalents	2,833	(8,927)
Cash and Cash Equivalents at Beginning of Period	19,056	22,462
Cash and Cash Equivalents at End of Period	21,889	13,535
Eliminations [Member]
Cash Flows from Operating Activities:
Net Income (Loss)	0	0
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	0	0
Depreciation Expense	0	0
Amortization of Debt Issuance Costs and Debt Premium and Discount	0	0
Non-Cash Compensation Expense—Related Party	0	0
Loss (Gain) from Disposal of Property and Equipment	0	0
Originations of Finance Receivables	0	0
Collections and Recoveries on Finance Receivable Principal Balances	0	0
Change in Accrued Interest Receivable and Loan Origination Costs	0	0
Decrease in Inventory	0	0
(Increase) Decrease in Other Assets	558,823	567,102
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	(558,823)	(567,102)
Net Cash Provided By Operating Activities	0	0
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	0	0
Collections and Recoveries of Dealer Finance Receivables	0	0
Proceeds from Disposal of Property and Equipment	0	0
Purchase of Property and Equipment	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows from Financing Activities:
Decrease Restricted Cash	0	0
Collections, Buybacks and Change in Investments Held in Trust	0	0
Additions to Portfolio Term Financings	0	0
Repayment of Portfolio Term Financings	0	0
Additions to Portfolio Warehouse Facilities	0	0
Repayment of Portfolio Warehouse Facilities	0	0
Additions to Other Secured Notes Payable	0	0
Repayment of Other Secured Notes Payable	0	0
Payment of Debt Issuance Costs	0	0
Dividend Distributions	0	0
Net Cash Provided by / (Used in) Financing Activities	0	0
Net Decrease in Cash and Cash Equivalents	0	0
Cash and Cash Equivalents at Beginning of Period	0	0
Cash and Cash Equivalents at End of Period	$ 0	$ 0

XML

Finance Receivables Credit Quality Indicators (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013 loan		Dec. 31, 2012 loan		Mar. 31, 2012
Financing Receivable, Recorded Investment [Line Items]
Percent of Portfolio	100.00%		100.00%
Total Loans	145,210	[1]	140,748
Percentage of Portfolio Principal	100.00%		100.00%
Loan Principal	$ 1,707,051		$ 1,601,710		$ 1,566,492
Internally Assigned Credit Grade A Plus [Member]
Financing Receivable, Recorded Investment [Line Items]
Average FICO Score	555	[2]	556	[2]
Percent of Portfolio	10.30%		10.40%
Total Loans	15,019	[1]	14,660
Percentage of Portfolio Principal	10.50%		10.60%
Loan Principal	178,406		169,023
Internally Assigned Credit Grade A [Member]
Financing Receivable, Recorded Investment [Line Items]
Average FICO Score	540	[2]	539	[2]
Percent of Portfolio	18.30%		18.50%
Total Loans	26,575	[1]	25,998
Percentage of Portfolio Principal	18.60%		18.80%
Loan Principal	317,210		301,173
Internally Assigned Credit Grade B [Member]
Financing Receivable, Recorded Investment [Line Items]
Average FICO Score	517	[2]	517	[2]
Percent of Portfolio	37.30%		37.30%
Total Loans	54,078	[1]	52,476
Percentage of Portfolio Principal	38.00%		38.20%
Loan Principal	648,685		612,084
Internally Assigned Credit Grade C [Member]
Financing Receivable, Recorded Investment [Line Items]
Average FICO Score	504	[2]	503	[2]
Percent of Portfolio	28.80%		28.40%
Total Loans	41,790	[1]	40,066
Percentage of Portfolio Principal	28.30%		27.80%
Loan Principal	483,127		445,497
Internally Assigned Credit Grade C Minus [Member]
Financing Receivable, Recorded Investment [Line Items]
Average FICO Score	489	[2]	488	[2]
Percent of Portfolio	3.80%		3.90%
Total Loans	5,546	[1]	5,447
Percentage of Portfolio Principal	3.30%		3.30%
Loan Principal	56,882		53,512
Internally Assigned Credit Grade D And Below [Member]
Financing Receivable, Recorded Investment [Line Items]
Average FICO Score	482	[2]	478	[2]
Percent of Portfolio	1.50%		1.50%
Total Loans	2,202	[1]	2,101
Percentage of Portfolio Principal	1.30%		1.30%
Loan Principal	$ 22,741		$ 20,421

[1] Excludes Carvana originations

[2] Average FICO score is provided as an external metric of credit quality. FICO score is not utilized as the primary tool in determining internal credit grade.

XML

Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Finance Receivable

The following is a summary of finance receivables:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Principal Balances	$	1,707,051	$	1,601,710
Accrued Interest	15,366		16,414
Loan Origination Costs	17,123		16,498
Finance Receivables	$	1,739,540	$	1,634,622

Past Due Financing Receivables

Age Analysis of Past Due Finance Receivables

	March 31, 2013				December 31, 2012				March 31, 2012
	Percent of Portfolio		Loan Principal		Percent of Portfolio		Loan Principal		Percent of Portfolio		Loan Principal
	($ In thousands)
Days Delinquent:
Current	61.4	%	$	1,047,962	49.1	%	$	786,765	65.8	%	$	1,030,752
01-30 Days	28.0	%	478,861		33.0	%	528,300		27.4	%	429,219
31-60 Days	6.9	%	117,721		10.0	%	161,157		4.3	%	67,359
61-90 Days	3.2	%	54,537		5.1	%	81,378		2.2	%	34,463
91-120 Days	0.5	%	7,970		2.8	%	44,110		0.3	%	4,699
Total Past Due	38.6	%	$	659,089	50.9	%	$	814,945	34.2	%	$	535,740
Total Finance Receivables	100.0	%	$	1,707,051	100.0	%	$	1,601,710	100.0	%	$	1,566,492

Financing Receivable Credit Quality Indicators

A summary of our portfolio by our internally assigned credit risk ratings at March 31, 2013, and December 31, 2012, is as follows:

At March 31, 2013

Grade	Average FICO Score (1)	Percentage of Portfolio Loans	Total Loans (2)	Percentage of Portfolio Principal	Loan Principal
					(In thousands)
A+	555	10.3%	15,019	10.5%	$	178,406
A	540	18.3%	26,575	18.6%	317,210
B	517	37.3%	54,078	38.0%	648,685
C	504	28.8%	41,790	28.3%	483,127
C-	489	3.8%	5,546	3.3%	56,882
D+/D/D-	482	1.5%	2,202	1.3%	22,741
		100.0%	145,210	100.0%	$	1,707,051

At December 31, 2012

Grade	Average FICO Score (1)	Percentage of Portfolio Contracts	Total Loans	Percentage of Portfolio Principal	Loan Principal
					(In thousands)
A+	556	10.4%	14,660	10.6%	$	169,023
A	539	18.5%	25,998	18.8%	301,173
B	517	37.3%	52,476	38.2%	612,084
C	503	28.4%	40,066	27.8%	445,497
C-	488	3.9%	5,447	3.3%	53,512
D+/D/D-	478	1.5%	2,101	1.3%	20,421
		100.0%	140,748	100.0%	$	1,601,710

^{(1)  Average FICO score is provided as an external metric of credit quality. FICO score is not utilized as the primary tool in determining internal credit grade.} 

^{(2)  Excludes Carvana originations}

Schedules of Concentration of Risk, by Risk Factor

As of March 31, 2013, and December 31, 2012, our portfolio concentration by state was as follows:

As of March 31, 2013					As of December 31, 2012
State	Percent of Portfolio		Loan Principal (In thousands)		State	Percent of Portfolio		Loan Principal (In thousands)
Texas	22.4	%	$	384,359	Texas	23.0	%	$	369,021
Florida	15.2	%	261,348		Florida	15.4	%	247,281
North Carolina	9.6	%	163,058		North Carolina	9.9	%	157,670
Georgia	7.7	%	130,818		Georgia	7.6	%	122,027
Virginia	6.5	%	110,887		Arizona	6.8	%	108,792
Arizona	6.4	%	108,947		Virginia	6.7	%	106,749
Tennessee	4.9	%	83,020		Tennessee	4.6	%	72,967
California	4.4	%	75,524		California	4.4	%	71,005
Nevada	3.8	%	64,948		Nevada	4.0	%	63,346
South Carolina	3.7	%	63,827		South Carolina	3.6	%	58,163
Alabama	3.1	%	53,224		New Mexico	3.0	%	48,421
New Mexico	2.9	%	48,745		Alabama	2.8	%	44,787
Oklahoma	2.3	%	38,703		Oklahoma	2.3	%	36,109
Colorado	2.1	%	35,458		Colorado	2.2	%	35,268
Ohio	1.7	%	28,409		Indiana	1.3	%	21,603
Indiana	1.4	%	24,084		Ohio	1.1	%	17,417
Mississippi	1.1	%	19,371		Mississippi	1.0	%	15,847
Arkansas	0.4	%	6,252		Arkansas	0.2	%	3,218
Missouri	0.4	%	6,069		Missouri	0.1	%	2,019
	100.0	%	$	1,707,051		100.0	%	$	1,601,710

Allowance for Credit Losses on Financing Receivables

The following table sets forth the rollforward of the allowance for credit losses for the periods indicated:

	Three months ended March 31,
	2013			2012
	($ In thousands)
Allowance Activity:
Balance, beginning of period	$	252,590		$	221,533
Provision for credit losses	77,842			60,342
Net charge-offs	(60,810		)	(44,848		)
Balance, end of period	$	269,622		$	237,027
Allowance as a percent of portfolio principal	15.7		%	15.1		%
Charge off Activity:
Principal balances	$	(97,917	)	$	(82,851	)
Recoveries, net	37,107			38,003
Net charge-offs	$	(60,810	)	$	(44,848	)

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Finance Receivables Concentration of Credit Risk (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012
Concentration Risk [Line Items]
Percent of Portfolio	100.00%	100.00%
Loan Principal	$ 1,707,051	$ 1,601,710	$ 1,566,492
TEXAS [Member]
Concentration Risk [Line Items]
Percent of Portfolio	22.40%	23.00%
Loan Principal	384,359	369,021
FLORIDA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	15.20%	15.40%
Loan Principal	261,348	247,281
NORTH CAROLINA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	9.60%	9.90%
Loan Principal	163,058	157,670
GEORGIA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	7.70%	7.60%
Loan Principal	130,818	122,027
VIRGINIA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	6.50%	6.70%
Loan Principal	110,887	106,749
ARIZONA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	6.40%	6.80%
Loan Principal	108,947	108,792
TENNESSEE [Member]
Concentration Risk [Line Items]
Percent of Portfolio	4.90%	4.60%
Loan Principal	83,020	72,967
CALIFORNIA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	4.40%	4.40%
Loan Principal	75,524	71,005
NEVADA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	3.80%	4.00%
Loan Principal	64,948	63,346
SOUTH CAROLINA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	3.70%	3.60%
Loan Principal	63,827	58,163
ALABAMA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	3.10%	2.80%
Loan Principal	53,224	44,787
NEW MEXICO [Member]
Concentration Risk [Line Items]
Percent of Portfolio	2.90%	3.00%
Loan Principal	48,745	48,421
OKLAHOMA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	2.30%	2.30%
Loan Principal	38,703	36,109
COLORADO [Member]
Concentration Risk [Line Items]
Percent of Portfolio	2.10%	2.20%
Loan Principal	35,458	35,268
OHIO [Member]
Concentration Risk [Line Items]
Percent of Portfolio	1.70%	1.10%
Loan Principal	28,409	17,417
INDIANA [Member]
Concentration Risk [Line Items]
Percent of Portfolio	1.40%	1.30%
Loan Principal	24,084	21,603
MISSISSIPPI [Member]
Concentration Risk [Line Items]
Percent of Portfolio	1.10%	1.00%
Loan Principal	19,371	15,847
ARKANSAS [Member]
Concentration Risk [Line Items]
Percent of Portfolio	0.40%	0.20%
Loan Principal	6,252	3,218
MISSOURI [Member]
Concentration Risk [Line Items]
Percent of Portfolio	0.40%	0.10%
Loan Principal	$ 6,069	$ 2,019

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Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of portfolio term financings:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Securitization Debt:
Asset backed security obligations	$	569,884	$	677,118
Bank Term Financing:
Variable rate secured financing transactions for our finance receivable portfolio	319,322		347,360
Portfolio Term Residual Financing:
Variable rate financing facility secured by residual interests in finance receivables of certain warehouse facilities and securitization trusts	100,000		25,000
Total Portfolio Term Financings	$	989,206	$	1,049,478

Securitization Debt

The following is a summary of securitization transactions with outstanding balances for each period presented:

	As of March 31, 2013							As of December 31, 2012
Transaction	Debt Balance		Gross Receivables Pledged		Cash Reserve		Interest Rate (1)	Debt Balance		Gross Receivables Pledged		Cash Reserve		Interest Rate (1)
	($ In thousands)							($ In thousands)
2010-1	$	16,037	$	40,958	$	4,500	3.6%	$	23,036	$	55,525	$	4,500	3.6%
2011-1	48,398		67,170		4,200		3.0%	60,335		84,198		4,200		3.0%
2011-2	69,436		84,419		4,500		2.9%	84,977		103,779		4,500		2.9%
2011-3	106,570		129,943		4,500		3.9%	130,347		159,068		4,500		3.9%
2012-1	145,443		188,752		4,500		3.5%	170,198		219,252		4,500		3.5%
2012-2	184,000		223,914		4,500		2.9%	208,225		251,409		4,500		2.9%
	$	569,884	$	735,156	$	26,700		$	677,118	$	873,231	$	26,700

^{(1) These rates represent the original duration weighted average rates of the outstanding asset-backed securities.}

Schedule of Line of Credit Facilities

The following is a summary of portfolio warehouse facilities:

	As of March 31, 2013
	Amount Drawn		Facility Amount		Stated Advance Rate		Collateral (1)		Interest Rate (2)		Expiration Date	Final Maturity
	($ In thousands)
Portfolio Warehouse Facilities
Deutsche Bank	$	48,100	$	150,000	65	%	$	111,641	2.45	%	Dec 2014	Dec 2015
Wells Fargo	53,000		150,000		58	%	119,858		2.45	%	Dec 2013	Dec 2015
RBS	43,900		125,000		65	%	116,138		2.50	%	Mar 2014	Mar 2015
Total Portfolio Warehouse Facilities	$	145,000	$	425,000

	As of December 31, 2012
	Amount Drawn		Facility Amount		Stated Advance Rate		Collateral (1)		Interest Rate (2)		Expiration Date	Final Maturity
	($ In thousands)
Portfolio Warehouse Facilities
Deutsche Bank	$	19,300	$	150,000	65	%	$	38,881	2.46	%	Dec 2014	Dec 2015
Wells Fargo	23,000		150,000		58	%	42,778		2.46	%	Dec 2013	Dec 2015
RBS	14,900		125,000		53	%	26,707		1.65	%	Mar 2013	Mar 2014
Total Portfolio Warehouse Facilities	$	57,200	$	425,000

^{(1)  Collateral represents underlying pools of finance receivables pledged to each facility.} 

^{(2)  Interest rate at period end equal to contractual benchmark plus index.}

Schedule of Senior Secured Notes Payable

A summary of Senior Secured Notes payable follows:

	As of March 31, 2013	As of December 31, 2012
	(In thousands)
Senior Secured Notes Payable	193,392	193,320
Senior Secured Notes Payable - Related Party	5,000	5,000
Total Senior Secured Notes Payable	198,392	198,320

Other Secured Notes Payable

A summary of other secured notes payable follows:

	As of March 31, 2013
	Balance		Max Facility Capacity			Advance Rate		Interest Rate (1)	Expiration Date
	($ In thousands)
Other Secured Notes Payable
Revolving Inventory Facility	$	111,321	$	130,000		85%	(2)	3.75%	Nov 2014
Mortgage Note Payable	12,397		n/a			n/a		5.87%	Mar 2017
Real Estate Facility	11,269		25,000			70%		4.20%	Oct 2020
Equipment Note Payable	1,681		n/a			n/a		4.75%	Apr 2013
Total Other Secured Notes Payable	$	136,668	$	155,000
	As of December 31, 2012
	Balance		Max Facility Capacity			Advance Rate		Interest Rate (1)	Expiration Date
	($ In thousands)
Other Secured Notes Payable
Revolving Inventory Facility	$	91,320	$	140,000	(3)	85%	(2)	3.75%	Nov 2014
Mortgage Note Payable	12,454		n/a			n/a		5.87%	Mar 2017
Real Estate Facility	11,733		25,000			70%		4.21%	Oct 2020
Equipment Note Payable	1,774		n/a			n/a		4.75%	Apr 2013
Total Other Secured Notes Payable	$	117,281	$	165,000

^{(1)  Interest rate at period end equal to contractual benchmark plus index.} 

^{(2)  Advance rate is based on qualifying vehicle cost and is secured by our entire vehicle inventory.} 

^{(3)  Inclusive of a $10.0 million seasonal increase in the months of November through the end of January.}

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Finance Receivables - DriveTime

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Finance Receivables

Finance Receivables - DriveTime

The following is a summary of finance receivables:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Principal Balances	$	1,707,051	$	1,601,710
Accrued Interest	15,366		16,414
Loan Origination Costs	17,123		16,498
Finance Receivables	$	1,739,540	$	1,634,622

Our finance receivables are defined as one segment and class of loan, which is the sub-prime consumer auto loan. Therefore, the disaggregation of information into portfolio segment and classes for assets with different risk characteristics is limited, and the level of risks inherent in our financing receivables are managed as one homogeneous pool and further segmented with our proprietary credit scoring system as described below in "—Credit Quality Indicators." We have chosen our internal customer credit scoring model since it has a direct and prominent impact in managing our portfolio receivables and monitoring its performance.

Finance receivables pledged as collateral associated with liabilities in our warehouse facilities, asset backed securitizations, and bank term financings, are provided in Note 5—Debt Obligations. We do not place loans on nonaccrual status, nor do we classify loans as impaired, since accounts are charged-off when the loan becomes 91 -121 days contractually past due at month end under our charge-off policy. We do not have loans that meet the definition of troubled debt restructurings.

Credit quality information for our finance receivables portfolio is provided as of the dates indicated below:

Age Analysis of Past Due Finance Receivables

	March 31, 2013				December 31, 2012				March 31, 2012
	Percent of Portfolio		Loan Principal		Percent of Portfolio		Loan Principal		Percent of Portfolio		Loan Principal
	($ In thousands)
Days Delinquent:
Current	61.4	%	$	1,047,962	49.1	%	$	786,765	65.8	%	$	1,030,752
01-30 Days	28.0	%	478,861		33.0	%	528,300		27.4	%	429,219
31-60 Days	6.9	%	117,721		10.0	%	161,157		4.3	%	67,359
61-90 Days	3.2	%	54,537		5.1	%	81,378		2.2	%	34,463
91-120 Days	0.5	%	7,970		2.8	%	44,110		0.3	%	4,699
Total Past Due	38.6	%	$	659,089	50.9	%	$	814,945	34.2	%	$	535,740
Total Finance Receivables	100.0	%	$	1,707,051	100.0	%	$	1,601,710	100.0	%	$	1,566,492

An account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Delinquencies may vary from period to period based upon the average age or seasoning of the portfolio, seasonality within the calendar year and economic factors. Delinquencies are presented on a Sunday-to-Sunday basis, which reflects delinquencies as of the nearest Sunday to period end. Sunday is used to eliminate any impact of the day of the week on delinquencies since delinquencies tend to be higher mid-week.

Credit Quality Indicators

Our proprietary credit grading system segments our customers into eight distinct credit grades. These credit grades range from A+ to D-, with A+ being the lowest risk credit grade and a D- being the highest risk credit grade. Generally, the lower the risk grade, the lower the unit loss rate. A summary of our portfolio by our internally assigned credit risk ratings at March 31, 2013, and December 31, 2012, is as follows:

At March 31, 2013

Grade	Average FICO Score (1)	Percentage of Portfolio Loans	Total Loans (2)	Percentage of Portfolio Principal	Loan Principal
					(In thousands)
A+	555	10.3%	15,019	10.5%	$	178,406
A	540	18.3%	26,575	18.6%	317,210
B	517	37.3%	54,078	38.0%	648,685
C	504	28.8%	41,790	28.3%	483,127
C-	489	3.8%	5,546	3.3%	56,882
D+/D/D-	482	1.5%	2,202	1.3%	22,741
		100.0%	145,210	100.0%	$	1,707,051

At December 31, 2012

Grade	Average FICO Score (1)	Percentage of Portfolio Contracts	Total Loans	Percentage of Portfolio Principal	Loan Principal
					(In thousands)
A+	556	10.4%	14,660	10.6%	$	169,023
A	539	18.5%	25,998	18.8%	301,173
B	517	37.3%	52,476	38.2%	612,084
C	503	28.4%	40,066	27.8%	445,497
C-	488	3.9%	5,447	3.3%	53,512
D+/D/D-	478	1.5%	2,101	1.3%	20,421
		100.0%	140,748	100.0%	$	1,601,710

^{(1)  Average FICO score is provided as an external metric of credit quality. FICO score is not utilized as the primary tool in determining internal credit grade.} 

^{(2)  Excludes Carvana originations} 

Concentration of Credit Risk

As of March 31, 2013, and December 31, 2012, our portfolio concentration by state was as follows:

As of March 31, 2013					As of December 31, 2012
State	Percent of Portfolio		Loan Principal (In thousands)		State	Percent of Portfolio		Loan Principal (In thousands)
Texas	22.4	%	$	384,359	Texas	23.0	%	$	369,021
Florida	15.2	%	261,348		Florida	15.4	%	247,281
North Carolina	9.6	%	163,058		North Carolina	9.9	%	157,670
Georgia	7.7	%	130,818		Georgia	7.6	%	122,027
Virginia	6.5	%	110,887		Arizona	6.8	%	108,792
Arizona	6.4	%	108,947		Virginia	6.7	%	106,749
Tennessee	4.9	%	83,020		Tennessee	4.6	%	72,967
California	4.4	%	75,524		California	4.4	%	71,005
Nevada	3.8	%	64,948		Nevada	4.0	%	63,346
South Carolina	3.7	%	63,827		South Carolina	3.6	%	58,163
Alabama	3.1	%	53,224		New Mexico	3.0	%	48,421
New Mexico	2.9	%	48,745		Alabama	2.8	%	44,787
Oklahoma	2.3	%	38,703		Oklahoma	2.3	%	36,109
Colorado	2.1	%	35,458		Colorado	2.2	%	35,268
Ohio	1.7	%	28,409		Indiana	1.3	%	21,603
Indiana	1.4	%	24,084		Ohio	1.1	%	17,417
Mississippi	1.1	%	19,371		Mississippi	1.0	%	15,847
Arkansas	0.4	%	6,252		Arkansas	0.2	%	3,218
Missouri	0.4	%	6,069		Missouri	0.1	%	2,019
	100.0	%	$	1,707,051		100.0	%	$	1,601,710

Allowance for Credit Losses

The following table sets forth the rollforward of the allowance for credit losses for the periods indicated:

	Three months ended March 31,
	2013			2012
	($ In thousands)
Allowance Activity:
Balance, beginning of period	$	252,590		$	221,533
Provision for credit losses	77,842			60,342
Net charge-offs	(60,810		)	(44,848		)
Balance, end of period	$	269,622		$	237,027
Allowance as a percent of portfolio principal	15.7		%	15.1		%
Charge off Activity:
Principal balances	$	(97,917	)	$	(82,851	)
Recoveries, net	37,107			38,003
Net charge-offs	$	(60,810	)	$	(44,848	)

At March 31, 2013 and December 31, 2012 recovery receivables of $29.4 million and $37.0 million, respectively, were included as a component of other assets in the accompanying condensed consolidated balance sheets.

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Condensed Consolidated Statements Of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Revenue:
Sales of Used Vehicles	$ 309,468		$ 297,135
Interest Income	74,974		70,528
Dealer Finance and Other Income	2,800		175
Total Revenue	387,242		367,838
Costs and Expenses:
Cost of Used Vehicles Sold	211,638		197,161
Provision for Credit Losses	77,842		60,342
Portfolio Debt Interest Expense	10,186		10,354
Non- Portfolio Debt Interest Expense	1,319		1,043
Senior Secured Debt Interest Expense	6,483		6,606
Senior Secured Debt Interest Expense—Related Party	158		0
Selling and Marketing	8,917		9,470
General and Administrative	43,709		41,866
General and Administrative—Related Party	2,651		2,858
Depreciation Expense	5,408		4,951
Total Costs and Expenses	368,311		334,651
Income Before Income Taxes	18,931		33,187
Income Tax Expense	342		392
Net Income	18,589		32,795
Net Loss Attributable to Noncontrolling Interest—DTAC (1)	(59,749)	[1]	(44,904)	[1]
Net Income Attributable to DTAG	$ 78,338		$ 77,699

[1] Refer to Note 14 for Supplemental Consolidating Financial Information discussion regarding non-controlling interest.

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Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2013

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") or other accounting standards setting bodies, which we may adopt as of the specified date required by each standard. Unless otherwise discussed, we believe the impact of recently issued standards that are not yet effective will not have a material impact on our consolidated financial statements upon adoption. We did not note any amendments to GAAP in the first quarter of 2013, which would have an effect on the Company.

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Document And Entity Information	3 Months Ended
	Mar. 31, 2013
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Entity Registrant Name	DRIVETIME AUTOMOTIVE GROUP INC
Entity Central Index Key	0001012704
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
DriveTime Automotive Group, Inc [Member]
Entity Common Stock, Shares Outstanding	101.7696
DT Acceptance Corp [Member]
Entity Common Stock, Shares Outstanding	101.7696

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Supplemental Consolidating Financial Information

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Consolidating Financial Information

Supplemental Consolidating Financial Information

In accordance with the indenture governing the 12.625% Senior Secured Notes due 2017 (see Note 5—Debt Obligations), certain wholly-owned U.S. subsidiaries of the Company have fully and unconditionally guaranteed the Senior Secured Notes on a joint and several basis. Pursuant to Regulation S-X, Rule 3-10(f), we are required to present condensed consolidating financial information for subsidiaries that have guaranteed the debt of a registrant issued in a public offering, where the guarantee is full and unconditional, joint and several, and where the voting interest of the subsidiary is 100% owned by the registrant.

The following tables present condensed consolidating balance sheets as of March 31, 2013, and December 31, 2012; and condensed consolidating statements of operations and cash flows for the three months ended March 31, 2013 and 2012 for (i) DTAG and DTAC, —the co-issuers of the Senior Secured Notes, (ii) the separate DTAG and DTAC guarantor subsidiaries on a combined basis, (iii) the separate DTAG and DTAC non-guarantor subsidiaries on a combined basis, (iv) elimination adjustments, and (v) total consolidated amounts. Separate financial statements and other disclosures concerning the guarantor subsidiaries are not presented because management believes that such information is not material to the senior note holders. Consolidating adjustments include elimination of investment in subsidiaries, elimination of intercompany accounts; elimination of intercompany sales between guarantor and non-guarantor subsidiaries; and elimination of equity in earnings (losses) of subsidiaries. The condensed consolidating financial information should be read in conjunction with the condensed consolidated financial statements herein.

Included in the column for DTAG Guarantor Subsidiaries Combined are DriveTime Sales and Finance Company, LLC and DriveTime Car Sales Company, LLC. Included in the column for DTAC Guarantor Subsidiaries Combined are DT Credit Company, LLC, GFC Lending, LLC and DT Jet Leasing, LLC. Included in the column for DTAG Non-Guarantor Subsidiaries Combined are all other subsidiaries that are wholly-owned by DTAG. Included in the column for DTAC Non-Guarantor Subsidiaries Combined are all SPEs, which are VIEs and for which DTAC is the primary beneficiary. The column for the Issuers includes the accounts for DTAG and DTAC as issuers and as parent companies for each of its respective subsidiaries.

Consolidated amounts may be immaterially different compared to the condensed consolidated financial statements due to rounding.

	DriveTime Automotive Group, Inc.											DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non-Guarantor Subsidiary		Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non-Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
ASSETS
Cash and Cash Equivalents	$	3,327	$	510	$	5	$	—		$	3,842	$	52	$	257	$	21,580		$	—		$	21,889		$	—		$	25,731
Restricted Cash and Investments Held in Trust	—		—		—		—			—		25,027		101,924		—			—			126,951			—			126,951
Finance Receivables	—		—		—		—			—		279		—		1,739,261			—			1,739,540			—			1,739,540
Allowance for Credit Losses	—		—		—		—			—		—		—		(269,622		)	—			(269,622		)	—			(269,622		)
Finance Receivables, Net	—		—		—		—			—		279		—		1,469,639			—			1,469,918			—			1,469,918
Dealer Finance Receivables	—		—		—		—			—		74,753		—		—			—			74,753			—			74,753
Inventory	228,876		—		—		—			228,876		—		—		—			—			—			—			228,876
Property and Equipment, Net	72,924		—		—		—			72,924		5,457		15,211		2,521			—			23,189			—			96,113
Investments in Subsidiaries	—		—		348,577		(348,577		)	—		—		—		430,410			(430,410		)	—			—			—
Other Assets	1,428,316		26,135		480,864		(706,690		)	1,228,625		649,462		1,455,383		1,129,613			(2,110,920		)	1,123,538			(2,294,850		)	57,313
Total Assets	$	1,733,443	$	26,645	$	829,446	$	(1,055,267	)	$	1,534,267	$	755,030	$	1,572,775	$	3,053,763		$	(2,541,330	)	$	2,840,238		$	(2,294,850	)	$	2,079,655
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	18,571	$	—	$	—	$	—		$	18,571	$	10	$	—	$	—		$	—		$	10		$	—		$	18,581
Accrued Expenses and Other Liabilities	1,270,241		108		605,229		(706,690		)	1,168,888		726,350		6,459		2,593,550			(2,094,627		)	1,231,732			(2,294,850		)	105,770
Portfolio Term Financings	—		—		—		—			—		—		1,005,499		—			(16,293		)	989,206			—			989,206
Portfolio Warehouse Facilities	—		—		—		—			—		—		145,000		—			—			145,000			—			145,000
Senior Secured Notes Payable	—		—		99,196		—			99,196		—		—		99,196			—			99,196			—			198,392
Other Secured Notes Payable	111,321		11,269		—		—			122,590		1,681		12,397		—			—			14,078			—			136,668
Total Liabilities	1,400,133		11,377		704,425		(706,690		)	1,409,245		728,041		1,169,355		2,692,746			(2,110,920		)	2,479,222			(2,294,850		)	1,593,617
Shareholders’ Equity:
Total Shareholders’ Equity	333,309		15,268		125,021		(348,577		)	125,021		26,989		403,421		361,017			(430,410		)	361,017			—			486,038
Total Liabilities & Shareholders’ Equity	$	1,733,442	$	26,645	$	829,446	$	(1,055,267	)	$	1,534,266	$	755,030	$	1,572,776	$	3,053,763		$	(2,541,330	)	$	2,840,239		$	(2,294,850	)	$	2,079,655

	DriveTime Automotive Group, Inc.											DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non- Guarantor Subsidiary		Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non- Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
ASSETS
Cash and Cash Equivalents	$	6,937	$	482	$	5	$	—		$	7,424	$	9	$	423	$	18,624		$	—		$	19,056		$	—		$	26,480
Restricted Cash and Investments Held in Trust	—		—		—		—			—		16,163		90,909		—			—			107,072			—			107,072
Finance Receivables	—		—		—		—			—		—		—		1,634,622			—			1,634,622			—			1,634,622
Allowance for Credit Losses	—		—		—		—			—		—		—		(252,590		)	—			(252,590		)	—			(252,590		)
Finance Receivables, Net	—		—		—		—			—		—		—		1,382,032			—			1,382,032			—			1,382,032
Dealer Finance Receivables	—		—		—		—			—		40,956		—		—			—			40,956			—			40,956
Inventory	270,733		—		—		—			270,733		—		—		—			—			—			—			270,733
Property and Equipment, Net	70,668		—		—		—			70,668		5,807		15,216		2,706			—			23,729			—			94,397
Investments in Subsidiaries	—		—		473,828		(473,828		)	—		—		—		348,577			(348,577		)	—			—			—
Other Assets	1,226,409		26,480		383,689		(711,814		)	924,764		496,384		1,352,295		887,248			(1,857,217		)	878,710			(1,736,027		)	67,447
Total Assets	$	1,574,747	$	26,962	$	857,522	$	(1,185,642	)	$	1,273,589	$	559,319	$	1,458,843	$	2,639,187		$	(2,205,794	)	$	2,451,555		$	(1,736,027	)	$	1,989,117
LIABILITIES & SHAREHOLDERS’ EQUITY
Liabilities:
Accounts Payable	$	17,342	$	—	$	—	$	—		$	17,342	$	4	$	—	$	—		$	—		$	4		$	—		$	17,346
Accrued Expenses and Other Liabilities	1,006,791		695		602,314		(711,814		)	897,986		521,476		6,703		2,228,522			(1,836,721		)	919,980			(1,736,027		)	81,939
Portfolio Term Financings	—		—		—		—			—		—		1,069,974		—			(20,496		)	1,049,478			—			1,049,478
Portfolio Warehouse Facilities	—		—		—		—			—		—		57,200		—			—			57,200			—			57,200
Senior Secured Notes Payable	—		—		99,160		—			99,160		—		—		99,160			—			99,160			—			198,320
Other Secured Notes Payable	91,320		11,733		—		—			103,053		1,774		12,454		—			—			14,228			—			117,281
Total Liabilities	1,115,453		12,428		701,474		(711,814		)	1,117,541		523,254		1,146,331		2,327,682			(1,857,217		)	2,140,050			(1,736,027		)	1,521,564
Shareholders’ Equity:
Total Shareholders’ Equity	459,294		14,534		156,048		(473,828		)	156,048		36,065		312,512		311,505			(348,577		)	311,505			—			467,553
Total Liabilities & Shareholders’ Equity	$	1,574,747	$	26,962	$	857,522	$	(1,185,642	)	$	1,273,589	$	559,319	$	1,458,843	$	2,639,187		$	(2,205,794	)	$	2,451,555		$	(1,736,027	)	$	1,989,117

	DriveTime Automotive Group, Inc.												DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non-Guarantor Subsidiary			Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined		Non-Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Revenue:
Sales of Used Vehicles	$	309,468	$	—		$	—	$	—		$	309,468	$	—	$	—	$	—		$	—		$	—		$	—		$	309,468
Interest Income	—		—			—		—			—		3		73,291		75,249			(73,569		)	74,974			—			74,974
Dealer Finance and Other Income	—		—			—		—			—		2,800		—		—			—			2,800			—			2,800
Other Revenue	12,130		—			12,546		—			24,676		15,980		—		523			(15,994		)	509			(25,185		)	—
Equity in Income of Subsidiaries	—		—			71,391		(71,391		)	—		—		—		50,153			(50,153		)	—			—			—
Total Revenue	321,598		—			83,937		(71,391		)	334,144		18,783		73,291		125,925			(139,716		)	78,283			(25,185		)	387,242
Costs and Expenses:
Cost of Used Vehicles Sold	211,638		—			—		—			211,638		—		—		—			—			—			—			211,638
Provision for Credit Losses	—		—			—		—			—		—		—		77,842			—			77,842			—			77,842
Portfolio Debt Interest Expense	—		—			—		—			—		—		10,186		—			—			10,186			—			10,186
Non-Portfolio Debt Interest Expense	957		135			13		—			1,105		20		464		86,788			(73,569		)	13,703			(13,489		)	1,319
Senior Secured Debt Interest Expense	—		—			3,321		—			3,321		—		—		3,320			—			3,320			—			6,641
Selling and Marketing	8,982		—			—		—			8,982		14		—		(79		)	—			(65		)	—			8,917
General and Administrative	24,837		(952		)	2,195		—			26,080		16,558		14,125		17,287			(15,994		)	31,976			(11,696		)	46,360
Depreciation Expense	4,527		—			—		—			4,527		419		135		327			—			881			—			5,408
Total Costs and Expenses	250,941		(817		)	5,529		—			255,653		17,011		24,910		185,485			(89,563		)	137,843			(25,185		)	368,311
Income (Loss) before Income Taxes	70,657		817			78,408		(71,391		)	78,491		1,772		48,381		(59,560		)	(50,153		)	(59,560		)	—			18,931
Income Tax Expense	—		83			70		—			153		—		—		189			—			189			—			342
Net Income (Loss)	$	70,657	$	734		$	78,338	$	(71,391	)	$	78,338	$	1,772	$	48,381	$	(59,749	)	$	(50,153	)	$	(59,749	)	$	—		$	18,589

	DriveTime Automotive Group, Inc.												DT Acceptance Corp
	Guarantor Subsidiaries Combined		Non- Guarantor Subsidiary			Parent Company		Eliminations			Consolidated		Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined		Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Revenue:
Sales of Used Vehicles	$	297,135	$	—		$	—	$	—		$	297,135	$	—		$	—	$	—		$	—		$	—		$	—		$	297,135
Interest Income	—		—			—		—			—		—			63,490		70,831			(63,793		)	70,528			—			70,528
Dealer Finance and Other Income	—		—			—		—			—		175			—		—			—			175			—			175
Other Revenue	11,413		—			6,760		—			18,173		14,525			—		569			(14,504		)	590			(18,763		)	—
Equity in Income of Subsidiaries	—		—			76,510		(76,510		)	—		—			—		39,219			(39,219		)	—			—			—
Total Revenue	308,548		—			83,270		(76,510		)	315,308		14,700			63,490		110,619			(117,516		)	71,293			(18,763		)	367,838
Costs and Expenses:
Cost of Used Vehicles Sold	197,161		—			—		—			197,161		—			—		—			—			—			—			197,161
Provision for Credit Losses	—		—			—		—			—		—			—		60,342			—			60,342			—			60,342
Portfolio Debt Interest Expense	—		—			—		—			—		—			10,354		—			—			10,354			—			10,354
Non-Portfolio Debt Interest Expense	813		—			10		—			823		24			494		71,894			(63,793		)	8,619			(8,399		)	1,043
Senior Secured Debt Interest Expense	—		—			3,303		—			3,303		—			—		3,303			—			3,303			—			6,606
Selling and Marketing	9,405		—			—		—			9,405		65			—		—			—			65			—			9,470
General and Administrative	20,736		(306		)	2,113		—			22,543		15,207			12,413		19,429			(14,504		)	32,545			(10,364		)	44,724
Depreciation Expense	4,210		—			—		—			4,210		260			154		327			—			741			—			4,951
Total Costs and Expenses	232,325		(306		)	5,426		—			237,445		15,556			23,415		155,295			(78,297		)	115,969			(18,763		)	334,651
Income (Loss) before Income Taxes	76,223		306			77,844		(76,510		)	77,863		(856		)	40,075		(44,676		)	(39,219		)	(44,676		)	—			33,187
Income Tax Expense	—		56			108		—			164		—			—		228			—			228			—			392
Net Income (Loss)	$	76,223	$	250		$	77,736	$	(76,510	)	$	77,699	$	(856	)	$	40,075	$	(44,904	)	$	(39,219	)	$	(44,904	)	$	—		$	32,795

	DriveTime Automotive Group, Inc.															DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non-Guarantor Subsidiary			Parent Company			Eliminations			Consolidated			Guarantor Subsidiaries Combined			Non-Guarantor Subsidiaries Combined			Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Operating Activities:
Net Income (Loss)	$	70,657		$	734		$	78,338		$	(71,391	)	$	78,338		$	1,772		$	48,381		$	(59,749	)	$	(50,153	)	$	(59,749	)	$	—		$	18,589
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used In) Operating Activities:
Provision for Credit Losses	—			—			—			—			—			—			—			77,842			—			77,842			—			77,842
Depreciation Expense	4,527			—			—			—			4,527			419			135			327			—			881			—			5,408
Amortization of Debt Issuance Costs and Debt Premium and Discount	41			15			164			—			220			—			1,276			164			—			1,440			—			1,660
Non-Cash Compensation Expense-Related Party	—			—			155			—			155			—			—			156			—			156			—			311
Loss (Gain) from Disposal of Property and Equipment	(41		)	—			—			—			(41		)	78			—			(6		)	—			72			—			31
Originations of Finance Receivables	—			—			—			—			—			(285		)	—			(311,789		)	—			(312,074		)	—			(312,074		)
Collections and Recoveries on Finance Receivable Principal Balances	—			—			—			—			—			7			—			145,916			—			145,923			—			145,923
Change in Accrued Interest Receivable and Loan Origination Costs	—			—			—			—			—			—			—			423			—			423			—			423
Decrease in Inventory	41,857			—			—			—			41,857			—			—			—			—			—			—			41,857
(Increase) Decrease in Other Assets	(398,590		)	330			(81,588		)	66,267			(413,581		)	(163,925		)	(61,553		)	(214,791		)	303,856			(136,413		)	558,823			8,829
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	264,680			(588		)	2,931			5,124			272,147			204,879			(243		)	364,599			(257,906		)	311,329			(558,823		)	24,653
Net Cash Provided By (Used In) Operating Activities	(16,869		)	491			—			—			(16,378		)	42,945			(12,004		)	3,092			(4,203		)	29,830			—			13,452
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	—			—			—			—			—			(38,960		)	—			—			—			(38,960		)	—			(38,960		)
Collections and Recoveries of Dealer Finance Receivables	—			—			—			—			—			5,163			—			—			—			5,163			—			5,163
Proceeds from Disposal of Property and Equipment	453			—			—			—			453			165			—			23			—			188			—			641
Purchase of Property and Equipment	(7,194		)	—			—			—			(7,194		)	(313		)	(131		)	(159		)	—			(603		)	—			(7,797		)
Net Cash Used In Investing Activities	(6,741		)	—			—			—			(6,741		)	(33,945		)	(131		)	(136		)	—			(34,212		)	—			(40,953		)

	DriveTime Automotive Group, Inc.													DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non-Guarantor Subsidiary			Parent Company		Eliminations		Consolidated			Guarantor Subsidiaries Combined			Non-Guarantor Subsidiaries Combined			Parent Company		Eliminations		Consolidated			Eliminations		DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Financing Activities:
Decrease in Restricted Cash	—			—			—		—		—			(8,864		)	(6,760		)	—		—		(15,624		)	—		(15,624		)
Collections, Buybacks and Change in Investments Held in Trust	—			—			—		—		—			—			(4,255		)	—		—		(4,255		)	—		(4,255		)
Additions to Portfolio Term Financings	—			—			—		—		—			—			75,000			—		—		75,000			—		75,000
Repayment of Portfolio Term Financings	—			—			—		—		—			—			(139,410		)	—		4,203		(135,207		)	—		(135,207		)
Additions to Portfolio Warehouse Facilities	—			—			—		—		—			—			210,300			—		—		210,300			—		210,300
Repayment of Portfolio Warehouse Facilities	—			—			—		—		—			—			(122,500		)	—		—		(122,500		)	—		(122,500		)
Additions to Other Secured Notes Payable	20,000			—			—		—		20,000			—			—			—		—		—			—		20,000
Repayment of Other Secured Notes Payable	—			(463		)	—		—		(463		)	(93		)	(58		)	—		—		(151		)	—		(614		)
Payment of Debt Issuance Costs	—			—			—		—		—			—			(348		)	—		—		(348		)	—		(348		)
Dividend Distributions	—			—			—		—		—			—			—			—		—		—			—		—
Net Cash Provided By (Used In) Financing Activities	20,000			(463		)	—		—		19,537			(8,957		)	11,969			—		4,203		7,215			—		26,752
Net Increase (Decrease) in Cash and Cash Equivalents	(3,610		)	28			—		—		(3,582		)	43			(166		)	2,956		—		2,833			—		(749		)
Cash and Cash Equivalents at Beginning of Period	6,937			482			5		—		7,424			9			423			18,624		—		19,056			—		26,480
Cash and Cash Equivalents at End of Period	$	3,327		$	510		$	5	$	—	$	3,842		$	52		$	257		$	21,580	$	—	$	21,889		$	—	$	25,731

	DriveTime Automotive Group, Inc.															DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non- Guarantor Subsidiary			Parent Company			Eliminations			Consolidated			Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined			Parent Company			Eliminations			Consolidated			Eliminations			DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Operating Activities:
Net Income (Loss)	$	76,223		$	250		$	77,736		$	(76,510	)	$	77,699		$	(856	)	$	40,075		$	(44,904	)	$	(39,219	)	$	(44,904	)	$	—		$	32,795
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used In) Operating Activities:
Provision for Credit Losses	—			—			—			—			—			—			—			60,342			—			60,342			—			60,342
Depreciation Expense	4,210			—			—			—			4,210			260			154			327			—			741			—			4,951
Amortization of Debt Issuance Costs and Debt Premium and Discount	(9		)	—			147			—			138			—			1,628			147			—			1,775			—			1,913
Non-Cash Compensation Expense-Related Party	—			—			233			—			233			—			—			232			—			232			—			465
Loss from Disposal of Property and Equipment	(43		)	—			—			—			(43		)	(17		)	—			—			—			(17		)	—			(60		)
Originations of Finance Receivables	—			—			—			—			—			—			—			(292,970		)	—			(292,970		)	—			(292,970		)
Collections and Recoveries on Finance Receivable Principal Balances	—			—			—			—			—			—			—			148,309			—			148,309			—			148,309
Decrease in Accrued Interest Receivable and Loan Origination Costs	—			—			—			—			—			—			—			(506		)	—			(506		)	—			(506		)
Decrease in Inventory	80,748			—			—			—			80,748			—			—			—			—			—			—			80,748
(Increase) Decrease in Other Assets	(392,660		)	(860		)	(79,037		)	75,599			(396,958		)	(215,975		)	54,673			(147,096		)	144,296			(164,102		)	567,102			6,042
Increase (Decrease) in Accounts Payable, Accrued Expenses and Other Liabilities	256,446			96			927			911			258,380			227,018			(1,467		)	272,488			(168,746		)	329,293			(567,102		)	20,571
Net Cash Provided By (Used In) Operating Activities	24,915			(514		)	6			—			24,407			10,430			95,063			(3,631		)	(63,669		)	38,193			—			62,600
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	—			—			—			—			—			(5,627		)	—			—			—			(5,627		)	—			(5,627		)
Collections and Receoveries of Dealer Finance Receivables	—			—			—			—			—			178			—			—			—			178			—			178
Proceeds from Disposal of Property and Equipment	364			—			—			—			364			70			—			22			—			92			—			456
Purchase of Property and Equipment	(4,587		)	—			—			—			(4,587		)	(1,419		)	460			(104		)	—			(1,063		)	—			(5,650		)
Net Cash Provided By (Used In) Investing Activities	(4,223		)	—			—			—			(4,223		)	(6,798		)	460			(82		)	—			(6,420		)	—			(10,643		)

	DriveTime Automotive Group, Inc.														DT Acceptance Corp
	Guarantor Subsidiaries Combined			Non- Guarantor Subsidiary			Parent Company			Eliminations		Consolidated			Guarantor Subsidiaries Combined			Non- Guarantor Subsidiaries Combined			Parent Company			Eliminations		Consolidated			Eliminations		DriveTime Automotive Group, Inc. and Subsidiaries
Cash Flows from Financing Activities:
Decrease in Restricted Cash	—			—			—			—		—			(3,396		)	(5,103		)	—			—		(8,499		)	—		(8,499		)
Collections, Buybacks and Change in Investments Held in Trust	—			—			—			—		—			—			(1,785		)	—			—		(1,785		)	—		(1,785		)
Additions to Portfolio Warehouse Facilities	—			—			—			—		—			—			—			—			—		—			—		—
Repayment of Portfolio Warehouse Facilities	—			—			—			—		—			—			(112,289		)	—			—		(112,289		)	—		(112,289		)
Additions to Portfolio Term Financings	—			—			—			—		—			—			195,800			—			—		195,800			—		195,800
Repayment of Portfolio Term Financings	—			—			—			—		—			—			(108,000		)	—			—		(108,000		)	—		(108,000		)
Additions to Other Secured Notes Payable	—			—			—			—		—			—			—			—			—		—			—		—
Repayment of Other Secured Notes Payable	(14,390		)	—			—			—		(14,390		)	(89		)	(52		)	—			—		(141		)	—		(14,531		)
Payment of Debt Issuance Costs	(25		)	—			(6		)	—		(31		)	—			(520		)	(6		)	—		(526		)	—		(557		)
Dividend Distributions	—			—			—			—		—			—			(63,669		)	(5,260		)	63,669		(5,260		)	—		(5,260		)
Net Cash Provided By (Used In) Financing Activities	(14,415		)	—			(6		)	—		(14,421		)	(3,485		)	(95,618		)	(5,266		)	63,669		(40,700		)	—		(55,121		)
Net Increase (Decrease) in Cash and Cash Equivalents	6,277			(514		)	—			—		5,763			147			(95		)	(8,979		)	—		(8,927		)	—		(3,164		)
Cash and Cash Equivalents at Beginning of Period	2,868			595			5			—		3,468			52			397			22,013			—		22,462			—		25,930
Cash and Cash Equivalents at End of Period	$	9,145		$	81		$	5		$	—	$	9,231		$	199		$	302		$	13,034		$	—	$	13,535		$	—	$	22,766

XML

Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash Flows from Operating Activities:
Net Income	$ 18,589	$ 32,795
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	77,842	60,342
Depreciation Expense	5,408	4,951
Amortization of Debt Issuance Costs and Debt Premium and Discount	1,660	1,913
Non-Cash Compensation Expense—Related Party	311	465
Loss (Gain) from Disposal of Property and Equipment	31	(60)
Originations of Finance Receivables	(312,074)	(292,970)
Collections and Recoveries on Finance Receivable Principal Balances	145,923	148,309
Change in Accrued Interest Receivable and Loan Origination Costs	423	(506)
Change in Inventory	41,857	80,748
Change in Other Assets	8,829	6,042
Increase in Accounts Payable, Accrued Expenses and Other Liabilities	24,530	20,476
Change in Accrued Expenses-Related Party	123	95
Net Cash Provided By Operating Activities	13,452	62,600
Cash Flows from Investing Activities:
Origination of Dealer Finance Receivables	(38,960)	(5,627)
Collections and Recoveries of Dealer Finance Receivables	5,163	178
Proceeds from Disposal of Property and Equipment	641	456
Purchase of Property and Equipment	(7,797)	(5,650)
Net Cash Used in Investing Activities	(40,953)	(10,643)
Cash Flows from Financing Activities:
Increase in Restricted Cash	(15,624)	(8,499)
Collections, Buybacks and Change in Investments Held in Trust	(4,255)	(1,785)
Additions to Portfolio Term Financings	75,000	0
Repayment of Portfolio Term Financings	(135,207)	(112,289)
Additions to Portfolio Warehouse Facilities	210,300	195,800
Repayment of Portfolio Warehouse Facilities	(122,500)	(108,000)
Additions to Other Secured Notes Payable	20,000	0
Repayment of Other Secured Notes Payable	(614)	(14,531)
Payment of Debt Issuance Costs	(348)	(557)
Dividend Distributions	0	(5,260)
Net Cash Provided by / (Used in) Financing Activities	26,752	(55,121)
Net Decrease in Cash and Cash Equivalents	(749)	(3,164)
Cash and Cash Equivalents at Beginning of Period	26,480	25,930
Cash and Cash Equivalents at End of Period	25,731	22,766
Supplemental Statement of Cash Flows Information:
Interest Paid	11,424	11,311
Interest Paid—Related Party	158	0
Income Taxes Paid	518	463
Supplemental Statement of Non-Cash Investing and Financing Activities:
Disposal of Fully Depreciated Property and Equipment	$ 0	$ 551

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The condensed consolidated financial statements consist of financial and operating data of DTAG and DTAC, which are both S corporations. Since DTAC and DTAG are flow-through entities for federal income tax purposes, there is no federal income tax expense related to the income of DTAC and DTAG, other than for one of DTAG’s wholly-owned subsidiaries, which is a C corporation. The taxable income flows through to our shareholders who are responsible for paying the associated taxes. Although most states follow the federal recognition of S corporation status, some states do impose an entity level tax on that income; therefore, the tax expense is adjusted accordingly. We did not have an income tax liability as of March 31, 2013. Our income tax liability was $0.2 million as of December 31, 2012.

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Related Party Transactions

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

During the three months ended March 31, 2013 and 2012, we recorded related party operating expenses as follows:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
General and Administrative Expenses—Related Party
Property lease expense	$	1,198		$	1,220
Restricted stock compensation expense	310			465
Aircraft operating and lease expense	1,088			1,016
Salaries and wages, general & administrative and other expenses	132			228
Reimbursement of certain general and administrative expenses	(77		)	(71		)
Total General and Administrative Expenses—Related Party	$	2,651		$	2,858

Interest Expense

During the three months ended March 31, 2013 and 2012, we recorded related party interest expense as follows:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Senior Secured Notes Interest Expense—Related Party
Senior Secured Notes Payable—Verde	$	142	$	—
Senior Secured Notes Payable—CEO	16		—
Total Senior Secured Notes Interest Expense—Related Party	$	158	$	—

For a description of the nature of these transactions, see Note 10 - Related Party Transactions to the Consolidated Financial Statements included in our Annual Report on Form 10-K filed on March 28, 2013.

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Dealer Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Dealer Finance Receivable

The following is a summary of the activity in Dealer Finance Receivables:

	Three months ended March 31,
	2013			2012
	(In thousands)
Balance, Beginning of Period	$	40,956		$	24
Advances During the Period	38,960			5,502
Revenue Recognized	2,037			125
Payments to Reduce Amount Advanced	(7,200		)	(178		)
Balance, End of Period	$	74,753		$	5,473

Accretable Yield

Changes in accretable yield were as follows:

	Three months ended March 31,
	2013			2012
	(In thousands)
Balance, Beginning of Period	$	8,887		$	—
Accretion (Revenue Recognized)	(2,037		)	(125		)
Additions	9,999			1,792
Reclassification from (to) Nonaccretable Yield	—			—
Balance, End of Period	$	16,849		$	1,667

Non-accretable Yield

Components of non-accretable yield are as follows:

	As of March 31, 2013
	(In thousands)
Contractual Net Cash Flows (1)	$	103,306
Expected Net Cash Flows	(91,602		)
Non-accretable Yield	$	11,704

^{(1)    Contractual net cash flows represents total cash payments due across all dealer servicing agreements for repayment of dealer advances and contract servicing.}

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Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

We operate in two principal operating business segments: DriveTime and GO Financial. We organize our business based on the nature of the services and products offered. Transactions between segments are eliminated in consolidation.

Revenue and operating income (loss) for each segment are provided below for the three months endedMarch 31, 2013 and March 31, 2012, while assets and liabilities are presented as of March 31, 2013 and December 31, 2012.

	Three Months Ended						Three Months Ended
	March 31, 2013						March 31, 2012
	DriveTime		GO		Total		DriveTime		GO			Total
Revenue:	(In thousands)
Sales of Used Vehicles	$	309,468	$	—	$	309,468	$	297,135	$	—		$	297,135
Interest Income	74,971		3		74,974		70,528		—			70,528
Dealer Finance and Other Income	—		2,800		2,800		—		175			175
Total Revenue:	$	384,439	$	2,803	$	387,242	$	367,663	$	175		$	367,838
Expenses:
Interest Expense	18,146		—		18,146		18,003		—			18,003
Depreciation Expense	5,277		131		5,408		4,876		75			4,951
Other Costs and Operating Expenses	342,853		1,904		344,757		310,466		1,231			311,697
Total Costs and Expenses:	$	366,276	$	2,035	$	368,311	$	333,345	$	1,306		$	334,651
Income (Loss) Before Income Taxes:	$	18,163	$	768	$	18,931	$	34,318	$	(1,131	)	$	33,187

	March 31, 2013						December 31, 2012
	DriveTime		GO		Total		DriveTime		GO		Total
	(In thousands)
Assets:	$	2,003,189	$	76,466	$	2,079,655	$	1,946,714	$	42,403	$	1,989,117
Liabilities:	$	1,592,176	$	1,441	$	1,593,617	$	1,520,866	$	698	$	1,521,564
Equity:	$	411,013	$	75,025	$	486,038	$	425,848	$	41,705	$	467,553

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Fair Value Of Financial Instruments

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Of Financial Instruments

Fair Value of Financial Instruments

Fair values of financial instruments are based on estimates using quoted market prices, discounted cash flows, or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and the estimated timing and amount of future cash flows. Therefore, the estimates of fair value may differ substantially from amounts that ultimately may be realized or paid at settlement or maturity of the financial instruments and those differences may be material. Accordingly, the aggregate fair value amounts presented do not represent our underlying institutional value.

Limitations

Fair value of financial instruments are based on relevant market information and information about the financial instrument; they are subjective in nature and involve uncertainties, matters of judgment and, therefore, cannot be determined with ultimate precision. These estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular instrument. Changes in assumptions could significantly affect these estimates. Because the fair value is estimated as of each balance sheet date presented, the amounts that will actually be realized or paid in settlement of the instruments could be significantly different.

The following is a summary of carrying value and fair value of our financial instruments for each period presented:

	March 31, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)				(In thousands)
Finance Receivables, net (1)	$	1,461,336	$	1,550,131	$	1,370,800	$	1,441,026
Dealer Finance Receivables - GO, net	74,753		74,753		40,956		40,956
Securitization Debt	569,884		588,176		677,118		702,031
Portfolio Term Residual Financing	100,000		100,000		25,000		25,000
Bank Term Financings	319,321		319,321		347,360		347,360
Portfolio Warehouse Facilities	145,000		145,000		57,200		57,200
Senior Secured Notes Payable	198,392		222,199		198,320		220,135
Revolving Inventory Facility	111,321		111,662		91,320		91,600
Mortgage Note Payable	12,397		11,149		12,454		11,200
Real Estate Facility	11,269		11,237		11,733		11,700

^{(1)   Represents finance receivable principal balances, plus accrued interest, less the allowance for credit losses.} 

Valuation methodologies

Finance receivables

The fair value of finance receivables was estimated by discounting future cash flows expected to be collected using current rates at which similar loans would be made to borrowers with similar credit ratings and the same remaining maturities. This discounted cash flow is estimated utilizing an internal valuation model, which uses a combination of market inputs (i.e. discount rates for similar and like transactions) and our own assumptions regarding credit losses, recoveries, and prepayment rates in our portfolio. We estimate the cash flow of the portfolio and the cash flow of our retained interests in securitization and bank term financing transactions in measuring total cash flow. These cash flows are developed on a leveraged basis since our finance receivable portfolio is financed by these debt instruments and are not separable transactions.

Dealer Finance Receivables - GO

The fair value of dealer finance receivables was estimated by discounting future cash flows expected to be collected utilizing an internal loss adjusted cash flow valuation model. The cash flow valuation model uses internally generated assumptions regarding credit losses, recoveries, and prepayment rates in our portfolio, and a market discount rate.

Securitization debt

At March 31, 2013 and December 31, 2012, the fair value of securitization debt was determined using a third-party quoted market price.

Portfolio term residual financing

The portfolio term residual financing was amended in December 2012; therefore, we believe the fair value of this debt approximates carrying value at March 31, 2013 and December 31, 2012.

Bank term financings

In November 2012, we executed a bank term financing with Wells Fargo.  Because this financing was recently executed, we believe the fair value approximates carrying value at March 31, 2013 and December 31, 2012.

Portfolio warehouse facilities

The portfolio warehouse facilities are short term in nature and the interest rates adjust in conjunction with the lender’s cost of funds or 30-day LIBOR. The Deutsche Bank Warehouse Facility was renewed in December 2012. The Royal Bank of Scotland Warehouse Facility was renewed in March 2013. The Wells Fargo Warehouse Facility was executed in December 2011. Since the majority of the warehouse facilities were recently renewed or executed and contain a floating market rate of interest, we believe the fair value of these facilities approximate carrying value at March 31, 2013 and December 31, 2012.

Senior secured notes payable

The fair value of senior secured notes payable at March 31, 2013 and December 31, 2012 was determined using third-party quoted market prices.

Revolving inventory facility

At March 31, 2013 and December 31, 2012, the fair value of the inventory facility was determined using a third party discounted cash flow using market interest rates for this debt. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Mortgage note payable

At March 31, 2013, and December 31, 2012, the fair value of this note was determined using third-party market prices for similar commercial real estate mortgages. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Real estate facility

At March 31, 2013 and December 31, 2012, the fair value of the real estate facility was determined using a third-party discounted cash flow using market interest rates for this debt. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

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Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013 segment	Mar. 31, 2012	Dec. 31, 2012
Segment Reporting Information [Line Items]
Number of operating segments	2
Revenue:
Sales of Used Vehicles	$ 309,468	$ 297,135
Interest Income	74,974	70,528
Dealer Finance and Other Income	2,800	175
Total Revenue	387,242	367,838
Expenses:
Interest Expense	18,146	18,003
Depreciation Expense	5,408	4,951
Other Costs and Operating Expenses	344,757	311,697
Total Costs and Expenses	368,311	334,651
Income Before Income Taxes	18,931	33,187
Assets:	2,079,655		1,989,117
Liabilities:	1,593,617		1,521,564
Equity:	486,038		467,553
DriveTime [Member]
Revenue:
Sales of Used Vehicles	309,468	297,135
Interest Income	74,971	70,528
Dealer Finance and Other Income	0	0
Total Revenue	384,439	367,663
Expenses:
Interest Expense	18,146	18,003
Depreciation Expense	5,277	4,876
Other Costs and Operating Expenses	342,853	310,466
Total Costs and Expenses	366,276	333,345
Income Before Income Taxes	18,163	34,318
Assets:	2,003,189		1,946,714
Liabilities:	1,592,176		1,520,866
Equity:	411,013		425,848
GO Financial [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	3	0
Dealer Finance and Other Income	2,800	175
Total Revenue	2,803	175
Expenses:
Interest Expense	0	0
Depreciation Expense	131	75
Other Costs and Operating Expenses	1,904	1,231
Total Costs and Expenses	2,035	1,306
Income Before Income Taxes	768	(1,131)
Assets:	76,466		42,403
Liabilities:	1,441		698
Equity:	$ 75,025		$ 41,705

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Shareholders' Equity, Dividends & Stock Compensation

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity, Dividends & Stock Compensation

Shareholders’ Equity, Dividends & Stock Compensation

Share Information

DTAG has authorized shares with par value of $.001 per share. Of the 1,000 shares authorized, 101.8 shares are issued and outstanding. DTAC has authorized shares with no par value. Of the 1,000,000 shares authorized, 101.8 shares are issued and outstanding.

Non-controlling Interest

Because DTAG and DTAC are consolidated for financial reporting purposes, we are required to separately present the non-controlling equity interest of the VIE (DTAC) on the condensed consolidated balance sheets and condensed consolidated statements of operations for all periods presented. The non-controlling interest is DTAC’s GAAP equity and income for the periods presented and there are no third-party competing interests in DTAC. For the amounts of assets, liabilities, revenue, and income of DTAC consolidated into DTAG at March 31, 2013, see Note 14- Supplemental Consolidating Financial Information.

Dividends

Certain of our debt facilities place restrictions on the amount of cash dividends we are permitted to pay to our shareholders. If we are in compliance with the indebtedness covenant in the Senior Notes, specifically related to our ability to pay dividends, we are permitted to pay cash dividends limited to an amount not greater than the percentage of S corporation taxable income for such quarterly periods equal to the highest combined federal, state, and/or local tax rate for individuals, plus 50% of the difference between pre-tax earnings less amounts paid for tax. If we are not in compliance with the indebtedness covenant in the Senior Notes, specifically related to our ability to pay dividends, we are only permitted to pay cash dividends limited to an amount not greater than the percentage of S corporation taxable income for such quarterly periods equal to the highest combined federal, state, and/or local tax rate for individuals. As of March 31, 2013, we were not in compliance with such covenant, which restricted our ability to pay dividends to the amount relative to taxable income.

During the three months endedMarch 31, 2013, we did not distribute any dividends. In March 2013, the Board of Directors approved a cash dividend of approximately $10.9 million, payable in April 2013 to shareholders of record on the payment date. See Note 12- Subsequent Events for further information.

Chief Executive Officer Restricted Stock Grant

For the three months endedMarch 31, 2013 and 2012, we recorded $0.3 million and $0.5 million, respectively, in restricted stock compensation expense associated with the December 2010 Restricted Stock Agreements between Mr. Fidel and each of DTAG and DTAC. The stock compensation recorded for these periods also credited our Paid-in Capital accounts for both companies during these periods.

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Commitments And Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Limited warranty

Our limited warranty accrual is recorded as a component of accrued expenses and other liabilities on the accompanying condensed consolidated balance sheets for each period presented. The following table reflects activity in the warranty accrual for the periods indicated:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Warranty Accrual Activity
Balance, Beginning of Period	$	24,030		$	24,004
Warranty Expense	8,556			7,441
Warranty Claims Paid	(7,678		)	(4,009		)
Balance, End of Period	$	24,908		$	27,436

Lease commitments

At March 31, 2013, we leased the majority of our dealership and reconditioning center locations. We also leased our corporate office in Phoenix, Arizona, and operations collection facilities in Dallas, Texas. As each lease matures, we evaluate the existing location to determine whether the dealership should be relocated to another site in the region closer in proximity to new car franchises and/or higher traffic retail areas. As of March 31, 2013, we had approximately $69.3 million in aggregate operating lease obligations.

Legal matters

We are involved in various claims and actions arising in the ordinary course of business. In the opinion of management, based on consultation with legal counsel, the ultimate disposition of these matters will not have a material adverse effect on us. We believe appropriate accruals have been made for the disposition of these matters. In accordance with ASC 450, Contingencies, we establish an accrual for a liability when it is both probable that the liability has been incurred and the amount of the loss can be reasonably estimated. These accruals are reviewed monthly and adjusted to reflect the impact of negotiations, settlements and payments, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Legal expenses related to defense, negotiations, settlements, rulings, and advice of outside legal counsel are expensed as incurred.

There have been no material changes to the status of pending litigation or our accruals for legal matters disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012, filed on March 28, 2013, however; subsequent to March 31, 2013, we provided requested information to the CFPB in conjunction with their supplemental request for information that we received on February 21, 2013. We also received a further request for information on May 1, 2013, and we are currently in the process of responding.

Additionally, in the ordinary course of business, we are a defendant in various other types of legal proceedings. Although we cannot determine at this time the amount of the ultimate exposure from these lawsuits, if any, based on the advice of counsel, management does not expect the final outcome to have a material adverse effect on us.

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Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In April 2013, the Company paid approximately $10.9 million of dividends to shareholders relating to fourth quarter 2012 and first quarter 2013 earnings.

In May 2013, we issued an additional $50.0 million of the Senior Secured Notes in a private offering under Rule 144A and Regulation S of the Securities Act of 1933. These notes were additional notes allowed under the indenture executed in June 2010. The notes were issued with an original issuance price of 111.0%, resulting in an effective "yield to first call date" of 7.67%. Interest, maturity and covenant terms of this secondary offering are identical to those of the initial offering.

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Finance Receivables Age Analysis of Past Due Finance Receivables (Details) (USD $) In Thousands, unless otherwise specified				3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Mar. 31, 2013 Minimum [Member]	Mar. 31, 2013 Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan charge-offs, days delinquent at month end				91 days	121 days
Current, Percent of Portfolio	61.40%	49.10%	65.80%
Current, Loan Principal	$ 1,047,962	$ 786,765	$ 1,030,752
01-30 Days, Percent of Portfolio	28.00%	33.00%	27.40%
01-30 Days, Loan Principal	478,861	528,300	429,219
31-60 Days, Percent of Portfolio	6.90%	10.00%	4.30%
31-60 Days, Loan Principal	117,721	161,157	67,359
61-90 Days, Percent of Portfolio	3.20%	5.10%	2.20%
61-90 Days, Loan Principal	54,537	81,378	34,463
91-120 Days, Percent of Portfolio	0.50%	2.80%	0.30%
91-120 Days, Loan Principal	7,970	44,110	4,699
Total Past Due, Percent of Portfolio	38.60%	50.90%	34.20%
Total Past Due, Loan Principal	659,089	814,945	535,740
Total Finance Receivales, Percent of Portfolio	100.00%	100.00%	100.00%
Total Finance Receivables, Loan Principal	$ 1,707,051	$ 1,601,710	$ 1,566,492

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Shareholders' Equity, Dividends & Stock Compensation (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended					1 Months Ended	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2013 DriveTime Automotive Group, Inc [Member]	Dec. 31, 2012 DriveTime Automotive Group, Inc [Member]	Mar. 31, 2013 DT Acceptance Corp [Member]	Dec. 31, 2012 DT Acceptance Corp [Member]	Apr. 30, 2013 Subsequent Event [Member]	Mar. 31, 2013 Chief Executive Officer [Member] Restricted Stock [Member]	Mar. 31, 2012 Chief Executive Officer [Member] Restricted Stock [Member]
Dividends Payable [Line Items]
Par value of common stock			$ 0.001		$ 0
Shares of common stock authorized			1,000		1,000,000
Shares of common stock issued		101.8		101.8
Shares of common stock outstanding		101.8		101.8
Dividends, percentage of the difference between net earnings and amounts paid for tax that may be included in dividends paid	50.00%
Payments of cash dividends						$ 10.9
Restricted stock compensation expense							$ 0.3	$ 0.5

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Restricted Cash And Investments Held In Trust (Tables)

3 Months Ended

Mar. 31, 2013

Restricted Cash and Investments [Abstract]

Restricted Cash and Investments Held in Trust

The following is a summary of restricted cash and investments held in trust:

	As of March 31, 2013		As of December 31, 2012
	(In thousands)
Restricted cash	$	38,121	$	22,496
Investments Held in Trust	88,830		84,576
	$	126,951	$	107,072

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Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

During the three months ended March 31, 2013 and 2012, we recorded related party operating expenses as follows:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
General and Administrative Expenses—Related Party
Property lease expense	$	1,198		$	1,220
Restricted stock compensation expense	310			465
Aircraft operating and lease expense	1,088			1,016
Salaries and wages, general & administrative and other expenses	132			228
Reimbursement of certain general and administrative expenses	(77		)	(71		)
Total General and Administrative Expenses—Related Party	$	2,651		$	2,858

During the three months ended March 31, 2013 and 2012, we recorded related party interest expense as follows:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Senior Secured Notes Interest Expense—Related Party
Senior Secured Notes Payable—Verde	$	142	$	—
Senior Secured Notes Payable—CEO	16		—
Total Senior Secured Notes Interest Expense—Related Party	$	158	$	—

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Related Party Transactions Interest Expense (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Related Party Transaction [Line Items]
Senior Secured Notes Interest Expense-Related Party	$ 158	$ 0
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Senior Secured Notes Interest Expense-Related Party	142	0
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Senior Secured Notes Interest Expense-Related Party	$ 16	$ 0

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Debt Obligations Portfolio Term Financing (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Line of Credit Facility [Line Items]
Portfolio Term Financings	$ 989,206	$ 1,049,478
Securitization Debt [Member]
Line of Credit Facility [Line Items]
Portfolio Term Financings	569,884	677,118
Pooled Auto Loan Program Financings [Member]
Line of Credit Facility [Line Items]
Portfolio Term Financings	319,322	347,360
Portfolio Term Residual Financing [Member]
Line of Credit Facility [Line Items]
Portfolio Term Financings	$ 100,000	$ 25,000

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Description Of Business, Ownership Formation, Basis Of Presentation, And Principles Of Consolidation

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business, Ownership Formation, Basis of Presentation, and Principles of Consolidation

Description of Business, Ownership Formation, Basis of Presentation, and Principles of Consolidation

Description of Business

DriveTime Automotive Group, Inc. (“DTAG”) and DT Acceptance Corporation ("DTAC") (together referred to herein as “we,” “our,” “the Company,” and “us”), through their subsidiaries, own and operate used automobile dealerships in the United States focusing primarily on the sale and financing of used vehicles to the subprime market. The subprime market is comprised of customers with modest incomes who have experienced credit difficulties or have very limited credit histories, and/or do not have access to obtain their own source of financing from third-party finance companies. Therefore, we provide financing for substantially all of the vehicles we sell. Since many of our customers may be unable to obtain financing to purchase a vehicle from another company, financing is an essential component of the services that we provide to our customers. We fund this portfolio primarily through portfolio warehouse facilities, securitizations, and other portfolio term financings.

In December 2011, as a supplement to our core operations, we launched a new indirect lending business segment, GO Financial (“GO”). GO provides indirect auto financing to third-party automobile dealerships collateralized by pools of subprime auto loans and is a separate operating segment.

Ownership

DTAG and DTAC are sister companies, generally with DTAG directing our retail vehicle sales and operations and DTAC directing our financing and collections operations. As of March 31, 2013, and December 31, 2012, the shareholders of DTAG and DTAC were Ernest C. Garcia II (Chairman) and the Garcia Family Trusts (collectively, herein also referred to as “Principal Shareholder” or “Mr. Garcia”) owning 100.0 shares, or 98.3% of each of DTAG and DTAC and Raymond C. Fidel (President and CEO) owning 1.8 shares, or 1.7% of each of DTAG and DTAC. DTAG and DTAC are sister companies, generally with DTAG directing our retail vehicle sales operations and DTAC directing our financing and collection operations.

Basis of Presentation

We have determined that DTAC is a variable interest entity (“VIE”) and DTAG is the primary beneficiary of DTAC. Therefore, the accounts of DTAG and DTAC are consolidated and intercompany transactions between DTAG and DTAC are eliminated in consolidation. We determined DTAG is the primary beneficiary of DTAC because DTAG has both (1) the power to direct the activities of DTAC that most significantly impact DTAC's economic performance and (2) a potentially significant variable interest that carries with it the obligation to absorb the losses or the right to receive benefits of DTAC. DTAG has the power to direct the activities of DTAC because it originates and sells 100% of the loans DTAC is required to purchase, sets underwriting standards and origination terms, sets servicing and collection policies administered by DTAC, as well as the fact that DTAC was created and designed by DTAG to obtain third party financing for DTAG's originations. DTAG also has potentially significant variable interests in the form of debt capital provided to DTAC through various debt issuances, guarantees of DTAC's debt, as well as operational liabilities owed to DTAG, all of which carry the obligation to absorb losses or receive benefits of DTAC. Creditors of DTAC generally do not have recourse to the general credit of DTAG, except that the special purpose entity ("SPE") related to our term residual facility entered into a demand note with DTAC. The demand note is guaranteed by DTAG.

Total assets of DTAC consolidated into DTAG are comprised primarily of net finance receivables, cash and cash equivalents, restricted cash, investments held in trust, and deferred financing costs. Total liabilities consolidated into DTAG are comprised primarily of portfolio warehouse, portfolio term, and senior secured debt. Total revenue of DTAC consolidated into DTAG are comprised of interest and dealer finance income. DTAC expenses are comprised of provision for credit losses, interest expense and general and administrative expenses.

Also included in the consolidated financial statements are SPEs of DTAC, which are all bankruptcy remote entities formed in conjunction with our securitizations, warehouse facilities, residual facility, real estate financing, and bank term financing transactions. We have determined that these SPEs are VIEs and DTAC is the primary beneficiary. Therefore, all intercompany accounts and transactions have been eliminated in consolidation for all periods presented. We determined DTAC is the primary beneficiary of these SPEs because DTAC has both (1) the power to direct the activities of the SPEs that most significantly impact the SPEs' economic performance and (2) a potentially significant variable interest that carries with it the obligation to absorb the losses or the right to receive benefits of DTAC. DTAC has the power to direct the activities of these SPEs because it services the loans in each of the securitizations, warehouse facilities and other lending arrangements. DTAC also has potentially significant variable interests in the form of holding the residual certificates for securitizations and rights to residual cash flows of the warehouse facilities. Creditors of the SPEs generally do not have recourse to the general credit of DTAC, except through servicing performance guarantees.

For more information regarding DTAC's financial position and results of operations and the SPEs' financial position and results of operations consolidated into DTAG and DTAC, respectively, see Note-14 Supplemental Consolidating Financial Information.

These condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, such interim condensed consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position, results of operations, and cash flows for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes as of and for the year-ended December 31, 2012, which are included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 28, 2013.

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities. Certain accounting estimates involve significant judgments, assumptions, and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities, and the reported amounts of income and expenses during the reporting period which management considers to be critical accounting estimates. The judgments, assumptions, and estimates used by management are based on historical experience, managements’ experience, and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of our assets and liabilities and our results of operations.

Significant items subject to estimates and assumptions include the allowance for credit losses, inventory valuation, fair value measurements, certain legal reserves, our reserve for sales returns and allowances, our recovery receivables, and our warranty accrual. Actual results could differ from these estimates.

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Deferred Revenue

3 Months Ended

Mar. 31, 2013

Deferred Revenue Disclosure [Abstract]

Deferred Revenue

Deferred Revenue

Beginning in the fourth quarter of 2012 we began offering our DriveCare® limited warranty as a separately priced service contract in our dealerships located in Tennessee, Virginia and Ohio (also referred to as "unbundling"). As a result, the revenue and costs of the sale of these service contracts is deferred and recognized over the life of the warranty contract, in relation to the usage and expected duration of the contracts. The deferred revenue balance is recorded as part of Accrued Expenses and Other Liabilities in the accompanying condensed consolidated balance sheet.

The following table sets forth information regarding the change in deferred revenue:

	Three Months Ended March 31, 2013
	(In thousands)
Balance, Beginning of Period	$	2,332
Gross Revenue Deferred	7,037
Revenue Recognized	(358		)
Balance, End of Period	$	9,011

At March 31, 2013 deferred cost associated with our separately priced service contracts was $1.7 million.

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Supplemental Consolidating Financial Information Supplemental Consolidating Statement of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Revenue:
Sales of Used Vehicles	$ 309,468	$ 297,135
Interest Income	74,974	70,528
Dealer Finance and Other Income	2,800	175
Other Revenue	0	0
Equity in Income of Subsidiaries	0	0
Total Revenue	387,242	367,838
Costs and Expenses:
Cost of Used Vehicles Sold	211,638	197,161
Provision for Credit Losses	77,842	60,342
Portfolio Debt Interest Expense	10,186	10,354
Non-Portfolio Debt Interest Expense	1,319	1,043
Senior Secured Debt Interest Expense	6,641	6,606
Selling and Marketing	8,917	9,470
General and Administrative	46,360	44,724
Depreciation Expense	5,408	4,951
Total Costs and Expenses	368,311	334,651
Income Before Income Taxes	18,931	33,187
Income Tax Expense	342	392
Net Income	18,589	32,795
Drive Time Automotive Group, Inc. [Member] | Guarantor Subsidiaries Combined [Member]
Revenue:
Sales of Used Vehicles	309,468	297,135
Interest Income	0	0
Dealer Finance and Other Income	0	0
Other Revenue	12,130	11,413
Equity in Income of Subsidiaries	0	0
Total Revenue	321,598	308,548
Costs and Expenses:
Cost of Used Vehicles Sold	211,638	197,161
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	957	813
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	8,982	9,405
General and Administrative	24,837	20,736
Depreciation Expense	4,527	4,210
Total Costs and Expenses	250,941	232,325
Income Before Income Taxes	70,657	76,223
Income Tax Expense	0	0
Net Income	70,657	76,223
Drive Time Automotive Group, Inc. [Member] | Non-Guarantor Subsidiaries [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	0	0
Dealer Finance and Other Income	0	0
Other Revenue	0	0
Equity in Income of Subsidiaries	0	0
Total Revenue	0	0
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	135	0
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	0	0
General and Administrative	(952)	(306)
Depreciation Expense	0	0
Total Costs and Expenses	(817)	(306)
Income Before Income Taxes	817	306
Income Tax Expense	83	56
Net Income	734	250
Drive Time Automotive Group, Inc. [Member] | Parent Company [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	0	0
Dealer Finance and Other Income	0	0
Other Revenue	12,546	6,760
Equity in Income of Subsidiaries	71,391	76,510
Total Revenue	83,937	83,270
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	13	10
Senior Secured Debt Interest Expense	3,321	3,303
Selling and Marketing	0	0
General and Administrative	2,195	2,113
Depreciation Expense	0	0
Total Costs and Expenses	5,529	5,426
Income Before Income Taxes	78,408	77,844
Income Tax Expense	70	108
Net Income	78,338	77,736
Drive Time Automotive Group, Inc. [Member] | Eliminations [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	0	0
Dealer Finance and Other Income	0	0
Other Revenue	0	0
Equity in Income of Subsidiaries	(71,391)	(76,510)
Total Revenue	(71,391)	(76,510)
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	0	0
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	0	0
General and Administrative	0	0
Depreciation Expense	0	0
Total Costs and Expenses	0	0
Income Before Income Taxes	(71,391)	(76,510)
Income Tax Expense	0	0
Net Income	(71,391)	(76,510)
Drive Time Automotive Group, Inc. [Member] | Consolidated [Member]
Revenue:
Sales of Used Vehicles	309,468	297,135
Interest Income	0	0
Dealer Finance and Other Income	0	0
Other Revenue	24,676	18,173
Equity in Income of Subsidiaries	0	0
Total Revenue	334,144	315,308
Costs and Expenses:
Cost of Used Vehicles Sold	211,638	197,161
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	1,105	823
Senior Secured Debt Interest Expense	3,321	3,303
Selling and Marketing	8,982	9,405
General and Administrative	26,080	22,543
Depreciation Expense	4,527	4,210
Total Costs and Expenses	255,653	237,445
Income Before Income Taxes	78,491	77,863
Income Tax Expense	153	164
Net Income	78,338	77,699
DT Acceptance Corp [Member] | Guarantor Subsidiaries Combined [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	3	0
Dealer Finance and Other Income	2,800	175
Other Revenue	15,980	14,525
Equity in Income of Subsidiaries	0	0
Total Revenue	18,783	14,700
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	20	24
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	14	65
General and Administrative	16,558	15,207
Depreciation Expense	419	260
Total Costs and Expenses	17,011	15,556
Income Before Income Taxes	1,772	(856)
Income Tax Expense	0	0
Net Income	1,772	(856)
DT Acceptance Corp [Member] | Non-Guarantor Subsidiaries [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	73,291	63,490
Dealer Finance and Other Income	0	0
Other Revenue	0	0
Equity in Income of Subsidiaries	0	0
Total Revenue	73,291	63,490
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	10,186	10,354
Non-Portfolio Debt Interest Expense	464	494
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	0	0
General and Administrative	14,125	12,413
Depreciation Expense	135	154
Total Costs and Expenses	24,910	23,415
Income Before Income Taxes	48,381	40,075
Income Tax Expense	0	0
Net Income	48,381	40,075
DT Acceptance Corp [Member] | Parent Company [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	75,249	70,831
Dealer Finance and Other Income	0	0
Other Revenue	523	569
Equity in Income of Subsidiaries	50,153	39,219
Total Revenue	125,925	110,619
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	77,842	60,342
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	86,788	71,894
Senior Secured Debt Interest Expense	3,320	3,303
Selling and Marketing	(79)	0
General and Administrative	17,287	19,429
Depreciation Expense	327	327
Total Costs and Expenses	185,485	155,295
Income Before Income Taxes	(59,560)	(44,676)
Income Tax Expense	189	228
Net Income	(59,749)	(44,904)
DT Acceptance Corp [Member] | Eliminations [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	(73,569)	(63,793)
Dealer Finance and Other Income	0	0
Other Revenue	(15,994)	(14,504)
Equity in Income of Subsidiaries	(50,153)	(39,219)
Total Revenue	(139,716)	(117,516)
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	(73,569)	(63,793)
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	0	0
General and Administrative	(15,994)	(14,504)
Depreciation Expense	0	0
Total Costs and Expenses	(89,563)	(78,297)
Income Before Income Taxes	(50,153)	(39,219)
Income Tax Expense	0	0
Net Income	(50,153)	(39,219)
DT Acceptance Corp [Member] | Consolidated [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	74,974	70,528
Dealer Finance and Other Income	2,800	175
Other Revenue	509	590
Equity in Income of Subsidiaries	0	0
Total Revenue	78,283	71,293
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	77,842	60,342
Portfolio Debt Interest Expense	10,186	10,354
Non-Portfolio Debt Interest Expense	13,703	8,619
Senior Secured Debt Interest Expense	3,320	3,303
Selling and Marketing	(65)	65
General and Administrative	31,976	32,545
Depreciation Expense	881	741
Total Costs and Expenses	137,843	115,969
Income Before Income Taxes	(59,560)	(44,676)
Income Tax Expense	189	228
Net Income	(59,749)	(44,904)
Eliminations [Member]
Revenue:
Sales of Used Vehicles	0	0
Interest Income	0	0
Dealer Finance and Other Income	0	0
Other Revenue	(25,185)	(18,763)
Equity in Income of Subsidiaries	0	0
Total Revenue	(25,185)	(18,763)
Costs and Expenses:
Cost of Used Vehicles Sold	0	0
Provision for Credit Losses	0	0
Portfolio Debt Interest Expense	0	0
Non-Portfolio Debt Interest Expense	(13,489)	(8,399)
Senior Secured Debt Interest Expense	0	0
Selling and Marketing	0	0
General and Administrative	(11,696)	(10,364)
Depreciation Expense	0	0
Total Costs and Expenses	(25,185)	(18,763)
Income Before Income Taxes	0	0
Income Tax Expense	0	0
Net Income	$ 0	$ 0

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Commitments And Contingencies (Tables)

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability

The following table reflects activity in the warranty accrual for the periods indicated:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Warranty Accrual Activity
Balance, Beginning of Period	$	24,030		$	24,004
Warranty Expense	8,556			7,441
Warranty Claims Paid	(7,678		)	(4,009		)
Balance, End of Period	$	24,908		$	27,436

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Dealer Finance Receivables Summary of Dealer Finance Receivables (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Dealer Finance Receivables [Roll Forward]
Balance, Beginning of Period	$ 40,956	$ 24
Advances During the Period	38,960	5,502
Revenue Recognized	2,037	125
Payments to Reduce Amount Advanced	(7,200)	(178)
Balance, End of Period	$ 74,753	$ 5,473

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Description Of Business, Ownership Formation, Basis Of Presentation, And Principles Of Consolidation Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidation, Variable Interest Entity, Policy

We have determined that DTAC is a variable interest entity (“VIE”) and DTAG is the primary beneficiary of DTAC. Therefore, the accounts of DTAG and DTAC are consolidated and intercompany transactions between DTAG and DTAC are eliminated in consolidation. We determined DTAG is the primary beneficiary of DTAC because DTAG has both (1) the power to direct the activities of DTAC that most significantly impact DTAC's economic performance and (2) a potentially significant variable interest that carries with it the obligation to absorb the losses or the right to receive benefits of DTAC. DTAG has the power to direct the activities of DTAC because it originates and sells 100% of the loans DTAC is required to purchase, sets underwriting standards and origination terms, sets servicing and collection policies administered by DTAC, as well as the fact that DTAC was created and designed by DTAG to obtain third party financing for DTAG's originations. DTAG also has potentially significant variable interests in the form of debt capital provided to DTAC through various debt issuances, guarantees of DTAC's debt, as well as operational liabilities owed to DTAG, all of which carry the obligation to absorb losses or receive benefits of DTAC. Creditors of DTAC generally do not have recourse to the general credit of DTAG, except that the special purpose entity ("SPE") related to our term residual facility entered into a demand note with DTAC. The demand note is guaranteed by DTAG.

Basis of Accounting, Policy

These condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, such interim condensed consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position, results of operations, and cash flows for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes as of and for the year-ended December 31, 2012, which are included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 28, 2013.

Use of Estimates, Policy

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities. Certain accounting estimates involve significant judgments, assumptions, and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities, and the reported amounts of income and expenses during the reporting period which management considers to be critical accounting estimates. The judgments, assumptions, and estimates used by management are based on historical experience, managements’ experience, and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of our assets and liabilities and our results of operations.

Significant items subject to estimates and assumptions include the allowance for credit losses, inventory valuation, fair value measurements, certain legal reserves, our reserve for sales returns and allowances, our recovery receivables, and our warranty accrual. Actual results could differ from these estimates.

Finance, Loans and Leases Receivable, Policy

Our finance receivables are defined as one segment and class of loan, which is the sub-prime consumer auto loan. Therefore, the disaggregation of information into portfolio segment and classes for assets with different risk characteristics is limited, and the level of risks inherent in our financing receivables are managed as one homogeneous pool and further segmented with our proprietary credit scoring system as described below in "—Credit Quality Indicators." We have chosen our internal customer credit scoring model since it has a direct and prominent impact in managing our portfolio receivables and monitoring its performance.

Finance receivables pledged as collateral associated with liabilities in our warehouse facilities, asset backed securitizations, and bank term financings, are provided in Note 5—Debt Obligations. We do not place loans on nonaccrual status, nor do we classify loans as impaired, since accounts are charged-off when the loan becomes 91 -121 days contractually past due at month end under our charge-off policy. We do not have loans that meet the definition of troubled debt restructurings.

Finance, Loan and Lease Receivables, Held-for-investment, Allowance and Nonperforming Loans, Nonperforming Loans Policy

An account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Delinquencies may vary from period to period based upon the average age or seasoning of the portfolio, seasonality within the calendar year and economic factors. Delinquencies are presented on a Sunday-to-Sunday basis, which reflects delinquencies as of the nearest Sunday to period end. Sunday is used to eliminate any impact of the day of the week on delinquencies since delinquencies tend to be higher mid-week.

Income Tax, Policy

The condensed consolidated financial statements consist of financial and operating data of DTAG and DTAC, which are both S corporations. Since DTAC and DTAG are flow-through entities for federal income tax purposes, there is no federal income tax expense related to the income of DTAC and DTAG, other than for one of DTAG’s wholly-owned subsidiaries, which is a C corporation. The taxable income flows through to our shareholders who are responsible for paying the associated taxes. Although most states follow the federal recognition of S corporation status, some states do impose an entity level tax on that income; therefore, the tax expense is adjusted accordingly.

Limited Warranty, Policy

Our limited warranty accrual is recorded as a component of accrued expenses and other liabilities on the accompanying condensed consolidated balance sheets for each period presented.

Legal Matters, Policy

In accordance with ASC 450, Contingencies, we establish an accrual for a liability when it is both probable that the liability has been incurred and the amount of the loss can be reasonably estimated. These accruals are reviewed monthly and adjusted to reflect the impact of negotiations, settlements and payments, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Legal expenses related to defense, negotiations, settlements, rulings, and advice of outside legal counsel are expensed as incurred.

Valuation Methodologies, Policy

Finance receivables

The fair value of finance receivables was estimated by discounting future cash flows expected to be collected using current rates at which similar loans would be made to borrowers with similar credit ratings and the same remaining maturities. This discounted cash flow is estimated utilizing an internal valuation model, which uses a combination of market inputs (i.e. discount rates for similar and like transactions) and our own assumptions regarding credit losses, recoveries, and prepayment rates in our portfolio. We estimate the cash flow of the portfolio and the cash flow of our retained interests in securitization and bank term financing transactions in measuring total cash flow. These cash flows are developed on a leveraged basis since our finance receivable portfolio is financed by these debt instruments and are not separable transactions.

Dealer Finance Receivables - GO

The fair value of dealer finance receivables was estimated by discounting future cash flows expected to be collected utilizing an internal loss adjusted cash flow valuation model. The cash flow valuation model uses internally generated assumptions regarding credit losses, recoveries, and prepayment rates in our portfolio, and a market discount rate.

Securitization debt

At March 31, 2013 and December 31, 2012, the fair value of securitization debt was determined using a third-party quoted market price.

Portfolio term residual financing

The portfolio term residual financing was amended in December 2012; therefore, we believe the fair value of this debt approximates carrying value at March 31, 2013 and December 31, 2012.

Bank term financings

In November 2012, we executed a bank term financing with Wells Fargo.  Because this financing was recently executed, we believe the fair value approximates carrying value at March 31, 2013 and December 31, 2012.

Portfolio warehouse facilities

The portfolio warehouse facilities are short term in nature and the interest rates adjust in conjunction with the lender’s cost of funds or 30-day LIBOR. The Deutsche Bank Warehouse Facility was renewed in December 2012. The Royal Bank of Scotland Warehouse Facility was renewed in March 2013. The Wells Fargo Warehouse Facility was executed in December 2011. Since the majority of the warehouse facilities were recently renewed or executed and contain a floating market rate of interest, we believe the fair value of these facilities approximate carrying value at March 31, 2013 and December 31, 2012.

Senior secured notes payable

The fair value of senior secured notes payable at March 31, 2013 and December 31, 2012 was determined using third-party quoted market prices.

Revolving inventory facility

At March 31, 2013 and December 31, 2012, the fair value of the inventory facility was determined using a third party discounted cash flow using market interest rates for this debt. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Mortgage note payable

At March 31, 2013, and December 31, 2012, the fair value of this note was determined using third-party market prices for similar commercial real estate mortgages. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Real estate facility

At March 31, 2013 and December 31, 2012, the fair value of the real estate facility was determined using a third-party discounted cash flow using market interest rates for this debt. Both periods utilize the December 31 analysis, as the market for these instruments is not considered volatile.

Consolidation, Policy

In accordance with the indenture governing the 12.625% Senior Secured Notes due 2017 (see Note 5—Debt Obligations), certain wholly-owned U.S. subsidiaries of the Company have fully and unconditionally guaranteed the Senior Secured Notes on a joint and several basis. Pursuant to Regulation S-X, Rule 3-10(f), we are required to present condensed consolidating financial information for subsidiaries that have guaranteed the debt of a registrant issued in a public offering, where the guarantee is full and unconditional, joint and several, and where the voting interest of the subsidiary is 100% owned by the registrant.