XML 35 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans Receivable (Summary of Changes in Loans Receivable) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Loans and Leases Receivable, Net [Roll Forward]    
Balance, beginning of period $ 2,719.8us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome $ 2,408.2us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
New Consumer Loan assignments 626.1cacc_NewConsumerLoanAssignments [1] 472.4cacc_NewConsumerLoanAssignments [1]
Principal collected on Loans receivable (454.5)us-gaap_ProceedsFromCollectionOfLoansReceivable (408.2)us-gaap_ProceedsFromCollectionOfLoansReceivable
Accelerated Dealer Holdback payments (13.8)cacc_AcceleratedPaymentsOfDealerHoldback (11.2)cacc_AcceleratedPaymentsOfDealerHoldback
Dealer Holdback payments 41.1cacc_PaymentsOfDealerHoldback 34.5cacc_PaymentsOfDealerHoldback
Write-offs (3.2)us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs (0.5)us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
Recoveries 0.5us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts [2] 0.5us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts [2]
Balance, end of period 2,943.6us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome 2,518.1us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
Dealer Loans [Member]    
Loans and Leases Receivable, Net [Roll Forward]    
Balance, beginning of period 2,389.8us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
2,155.5us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
New Consumer Loan assignments 533.5cacc_NewConsumerLoanAssignments
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
[1] 421.3cacc_NewConsumerLoanAssignments
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
[1]
Principal collected on Loans receivable (407.6)us-gaap_ProceedsFromCollectionOfLoansReceivable
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
(370.2)us-gaap_ProceedsFromCollectionOfLoansReceivable
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
Accelerated Dealer Holdback payments (13.8)cacc_AcceleratedPaymentsOfDealerHoldback
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
(11.2)cacc_AcceleratedPaymentsOfDealerHoldback
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
Dealer Holdback payments 41.1cacc_PaymentsOfDealerHoldback
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
34.5cacc_PaymentsOfDealerHoldback
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
Transfers (3.6)cacc_LoansAndLeasesReceivableTransfers
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
[3] (5.3)cacc_LoansAndLeasesReceivableTransfers
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
[3]
Write-offs (3.1)us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
(0.5)us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
Recoveries 0.4us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
[2] 0.5us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
[2]
Balance, end of period 2,564.3us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
2,247.0us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_DealerLoansMember
Purchased Loans [Member]    
Loans and Leases Receivable, Net [Roll Forward]    
Balance, beginning of period 330.0us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
252.7us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
New Consumer Loan assignments 92.6cacc_NewConsumerLoanAssignments
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
[1] 51.1cacc_NewConsumerLoanAssignments
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
[1]
Principal collected on Loans receivable (46.9)us-gaap_ProceedsFromCollectionOfLoansReceivable
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
(38.0)us-gaap_ProceedsFromCollectionOfLoansReceivable
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
Transfers 3.6cacc_LoansAndLeasesReceivableTransfers
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
[3] 5.3cacc_LoansAndLeasesReceivableTransfers
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
[3]
Write-offs (0.1)us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
0us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
Recoveries 0.1us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
[2]  
Balance, end of period $ 379.3us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
$ 271.1us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= cacc_PurchasedLoansMember
[1] The Dealer Loans amount represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program. The Purchased Loans amount represents one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program.
[2] Represents collections received on previously written off Loans.
[3] Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance to Purchased Loans in the period this forfeiture occurs.