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Leased Vehicles
9 Months Ended
Sep. 30, 2013
Leases [Abstract]  
Leased Vehicles
Our operating lease program is offered primarily in the North America Segment. As of September 30, 2013, the amount of leased vehicles accounted for as operating leases in the International Segment is insignificant; therefore, the following information regarding our leased vehicles is presented on a consolidated basis.
Following is a summary of our leased vehicles (in millions): 
 
September 30, 2013
 
December 31, 2012
Leased vehicles
$
4,240

 
$
2,283

Manufacturer incentives
(593
)
 
(307
)
 
3,647

 
1,976

Less: accumulated depreciation
(547
)
 
(273
)
Leased vehicles, net
$
3,100

 
$
1,703


A summary of the changes in our leased vehicles is as follows (in millions): 
 
Nine Months Ended
 
September 30,
 
2013
 
2012
Balance at beginning of period
$
1,976

 
$
887

International operations acquisition
9

 
 
Leased vehicles purchased
2,180

 
1,077

Leased vehicles returned - end of term
(192
)
 
(43
)
Leased vehicles returned - default
(16
)
 
(4
)
Manufacturer incentives
(288
)
 
(149
)
Foreign currency translation
(22
)
 
18

Balance at end of period
$
3,647

 
$
1,786


As of September 30, 2013 and December 31, 2012, our Canadian subsidiary was servicing $375 million and $625 million of leased vehicles for a third party.
The following table summarizes minimum rental payments due to us as lessor under operating leases (in millions):
Years Ending December 31,
 
2013
 
2014
 
2015
 
2016
 
2017
 
2018
Minimum rental payments under operating leases
 
$
149

 
$
545

 
$
428

 
$
186

 
$
20

 
$
2