Loans Receivable (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2023

Jun. 30, 2023

Receivables [Abstract]

Schedule of Loans Receivable

Loans receivable and allowance for credit losses consist of the following:

(In millions)	As of June 30, 2023
	Dealer Loans		Purchased Loans		Total
Loans receivable	$	6,534.1	$	3,065.5	$	9,599.6
Allowance for credit losses	(2,188.4)		(800.9)		(2,989.3)
Loans receivable, net	$	4,345.7	$	2,264.6	$	6,610.3
(In millions)	As of December 31, 2022
	Dealer Loans		Purchased Loans		Total
Loans receivable	$	6,074.8	$	3,090.7	$	9,165.5
Allowance for credit losses	(2,000.0)		(867.8)		(2,867.8)
Loans receivable, net	$	4,074.8	$	2,222.9	$	6,297.7

Summary of Changes in Loans Receivable

A summary of changes in Loans receivable and allowance for credit losses is as follows:

	For the Three Months Ended June 30, 2023
(In millions)	Loans Receivable						Allowance for Credit Losses						Loans Receivable, Net
	Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	6,314.4	$	3,069.9	$	9,384.3	$	(2,073.2)	$	(810.8)	$	(2,884.0)	$	4,241.2	$	2,259.1	$	6,500.3
Finance charges	387.5		235.9		623.4		(128.1)		(54.3)		(182.4)		259.4		181.6		441.0
Provision for credit losses	—		—		—		(144.6)		(105.9)		(250.5)		(144.6)		(105.9)		(250.5)
New Consumer Loan assignments (1)	724.5		331.5		1,056.0		—		—		—		724.5		331.5		1,056.0
Collections (2)	(792.9)		(421.8)		(1,214.7)		—		—		—		(792.9)		(421.8)		(1,214.7)
Accelerated Dealer Holdback payments	13.8		—		13.8		—		—		—		13.8		—		13.8
Dealer Holdback payments	61.1		—		61.1		—		—		—		61.1		—		61.1
Transfers (3)	(32.4)		32.4		—		12.3		(12.3)		—		(20.1)		20.1		—
Write-offs	(145.8)		(183.6)		(329.4)		145.8		183.6		329.4		—		—		—
Recoveries (4)	0.6		1.2		1.8		(0.6)		(1.2)		(1.8)		—		—		—
Deferral of Loan origination costs	3.3		—		3.3		—		—		—		3.3		—		3.3
Balance, end of period	$	6,534.1	$	3,065.5	$	9,599.6	$	(2,188.4)	$	(800.9)	$	(2,989.3)	$	4,345.7	$	2,264.6	$	6,610.3

	For the Three Months Ended June 30, 2022
(In millions)	Loans Receivable						Allowance for Credit Losses						Loans Receivable, Net
	Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	5,689.5	$	3,508.5	$	9,198.0	$	(1,768.9)	$	(1,101.9)	$	(2,870.8)	$	3,920.6	$	2,406.6	$	6,327.2
Finance charges	343.2		255.9		599.1		(107.3)		(66.2)		(173.5)		235.9		189.7		425.6
Provision for credit losses	—		—		—		(73.3)		(74.2)		(147.5)		(73.3)		(74.2)		(147.5)
New Consumer Loan assignments (1)	686.2		288.7		974.9		—		—		—		686.2		288.7		974.9
Collections (2)	(832.8)		(488.6)		(1,321.4)		—		—		—		(832.8)		(488.6)		(1,321.4)
Accelerated Dealer Holdback payments	15.5		—		15.5		—		—		—		15.5		—		15.5
Dealer Holdback payments	47.2		—		47.2		—		—		—		47.2		—		47.2
Transfers (3)	(17.6)		17.6		—		4.2		(4.2)		—		(13.4)		13.4		—
Write-offs	(100.9)		(225.1)		(326.0)		100.9		225.1		326.0		—		—		—
Recoveries (4)	0.4		0.7		1.1		(0.4)		(0.7)		(1.1)		—		—		—
Deferral of Loan origination costs	2.2		—		2.2		—		—		—		2.2		—		2.2
Balance, end of period	$	5,832.9	$	3,357.7	$	9,190.6	$	(1,844.8)	$	(1,022.1)	$	(2,866.9)	$	3,988.1	$	2,335.6	$	6,323.7

	For the Six Months Ended June 30, 2023
(In millions)	Loans Receivable						Allowance for Credit Losses						Loans Receivable, Net
	Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	6,074.8	$	3,090.7	$	9,165.5	$	(2,000.0)	$	(867.8)	$	(2,867.8)	$	4,074.8	$	2,222.9	$	6,297.7
Finance charges	755.8		467.0		1,222.8		(250.7)		(110.0)		(360.7)		505.1		357.0		862.1
Provision for credit losses	—		—		—		(219.3)		(168.6)		(387.9)		(219.3)		(168.6)		(387.9)
New Consumer Loan assignments (1)	1,470.4		680.9		2,151.3		—		—		—		1,470.4		680.9		2,151.3
Collections (2)	(1,601.5)		(860.2)		(2,461.7)		—		—		—		(1,601.5)		(860.2)		(2,461.7)
Accelerated Dealer Holdback payments	24.6		—		24.6		—		—		—		24.6		—		24.6
Dealer Holdback payments	118.3		—		118.3		—		—		—		118.3		—		118.3
Transfers (3)	(51.6)		51.6		—		19.0		(19.0)		—		(32.6)		32.6		—
Write-offs	(263.5)		(366.5)		(630.0)		263.5		366.5		630.0		—		—		—
Recoveries (4)	0.9		2.0		2.9		(0.9)		(2.0)		(2.9)		—		—		—
Deferral of Loan origination costs	5.9		—		5.9		—		—		—		5.9		—		5.9
Balance, end of period	$	6,534.1	$	3,065.5	$	9,599.6	$	(2,188.4)	$	(800.9)	$	(2,989.3)	$	4,345.7	$	2,264.6	$	6,610.3

	For the Six Months Ended June 30, 2022
(In millions)	Loans Receivable						Allowance for Credit Losses						Loans Receivable, Net
	Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total		Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	5,655.1	$	3,694.7	$	9,349.8	$	(1,767.8)	$	(1,245.7)	$	(3,013.5)	$	3,887.3	$	2,449.0	$	6,336.3
Finance charges	679.3		519.8		1,199.1		(212.0)		(137.4)		(349.4)		467.3		382.4		849.7
Provision for credit losses	—		—		—		(74.8)		(96.0)		(170.8)		(74.8)		(96.0)		(170.8)
New Consumer Loan assignments (1)	1,320.0		578.4		1,898.4		—		—		—		1,320.0		578.4		1,898.4
Collections (2)	(1,698.8)		(1,010.8)		(2,709.6)		—		—		—		(1,698.8)		(1,010.8)		(2,709.6)
Accelerated Dealer Holdback payments	24.9		—		24.9		—		—		—		24.9		—		24.9
Dealer Holdback payments	90.4		—		90.4		—		—		—		90.4		—		90.4
Transfers (3)	(43.2)		43.2		—		10.6		(10.6)		—		(32.6)		32.6		—
Write-offs	(199.7)		(469.1)		(668.8)		199.7		469.1		668.8		—		—		—
Recoveries (4)	0.5		1.5		2.0		(0.5)		(1.5)		(2.0)		—		—		—
Deferral of Loan origination costs	4.4		—		4.4		—		—		—		4.4		—		4.4
Balance, end of period	$	5,832.9	$	3,357.7	$	9,190.6	$	(1,844.8)	$	(1,022.1)	$	(2,866.9)	$	3,988.1	$	2,335.6	$	6,323.7

(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 repayments that we collected on Consumer Loans assigned under our programs.

(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 and related allowance for credit losses balance to Purchased Loans in the period this forfeiture occurs.

(4)The Dealer Loans amount represents net cash flows received (collections less any related Dealer Holdback payments) on Dealer Loans that were previously written off in full. The Purchased Loans amount represents collections received on Purchased Loans that were previously written off in full.

Summary of Provision for Credit Losses [Table Text Block]

The following table summarizes the provision for credit losses for each of these components:

(In millions)	For the Three Months Ended June 30, 2023
Provision for Credit Losses	Dealer Loans		Purchased Loans		Total
New Consumer Loan assignments	$	33.8	$	47.9	$	81.7
Forecast changes	110.8		58.0		168.8
Total	$	144.6	$	105.9	$	250.5
(In millions)	For the Three Months Ended June 30, 2022
Provision for Credit Losses	Dealer Loans		Purchased Loans		Total
New Consumer Loan assignments	$	45.6	$	51.9	$	97.5
Forecast changes	27.7		22.3		50.0
Total	$	73.3	$	74.2	$	147.5
(In millions)	For the Six Months Ended June 30, 2023
Provision for Credit Losses	Dealer Loans		Purchased Loans		Total
New Consumer Loan assignments	$	71.5	$	103.3	$	174.8
Forecast changes	147.8		65.3		213.1
Total	$	219.3	$	168.6	$	387.9
(In millions)	For the Six Months Ended June 30, 2022
Provision for Credit Losses	Dealer Loans		Purchased Loans		Total
New Consumer Loan assignments	$	93.1	$	107.0	$	200.1
Forecast changes	(18.3)		(11.0)		(29.3)
Total	$	74.8	$	96.0	$	170.8

Summary of Information Related to New Consumer Loan Assignments

Additional information related to new Consumer Loan assignments is as follows:

(In millions)	For the Three Months Ended June 30, 2023
New Consumer Loan Assignments	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	1,121.5	$	657.6	$	1,779.1
Expected net cash flows at the time of assignment (2)	1,018.9		461.3		1,480.2
Loans receivable at the time of assignment (3)	724.5		331.5		1,056.0
Provision for credit losses expense at the time of assignment	$	(33.8)	$	(47.9)	$	(81.7)
Expected future finance charges at the time of assignment (4)	328.2		177.7		505.9
Expected net Loan income at the time of assignment (5)	$	294.4	$	129.8	$	424.2

(In millions)	For the Three Months Ended June 30, 2022
New Consumer Loan Assignments	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	1,045.4	$	572.3	$	1,617.7
Expected net cash flows at the time of assignment (2)	951.4		393.4		1,344.8
Loans receivable at the time of assignment (3)	686.2		288.7		974.9
Provision for credit losses expense at the time of assignment	$	(45.6)	$	(51.9)	$	(97.5)
Expected future finance charges at the time of assignment (4)	310.8		156.6		467.4
Expected net Loan income at the time of assignment (5)	$	265.2	$	104.7	$	369.9

(In millions)	For the Six Months Ended June 30, 2023
New Consumer Loan Assignments	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	2,294.3	$	1,371.2	$	3,665.5
Expected net cash flows at the time of assignment (2)	2,083.0		950.1		3,033.1
Loans receivable at the time of assignment (3)	1,470.4		680.9		2,151.3
Provision for credit losses expense at the time of assignment	$	(71.5)	$	(103.3)	$	(174.8)
Expected future finance charges at the time of assignment (4)	684.1		372.5		1,056.6
Expected net Loan income at the time of assignment (5)	$	612.6	$	269.2	$	881.8
(In millions)	For the Six Months Ended June 30, 2022
New Consumer Loan Assignments	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	2,017.2	$	1,150.1	$	3,167.3
Expected net cash flows at the time of assignment (2)	1,830.8		784.7		2,615.5
Loans receivable at the time of assignment (3)	1,320.0		578.4		1,898.4
Provision for credit losses expense at the time of assignment	$	(93.1)	$	(107.0)	$	(200.1)
Expected future finance charges at the time of assignment (4)	603.9		313.3		917.2
Expected net Loan income at the time of assignment (5)	$	510.8	$	206.3	$	717.1

(1)The Dealer Loans amount represents repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we would be required to make if we collected all of the contractual repayments. The Purchased Loans amount represents repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Purchase Program.

(2)The Dealer Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we expected to make. The Purchased Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Purchase Program. The Loan amounts also represent the fair value at the time of assignment.

(3)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.

(4)Represents revenue that is expected to be recognized on a level-yield basis over the lives of the Loans.

(5)Represents the amount that expected net cash flows at the time of assignment (2) exceed Loans receivable at the time of assignment (3).

Summary of Changes in Expected Future Net Cash Flows [Table Text Block]

A summary of changes in expected future net cash flows is as follows:

(In millions)	For the Three Months Ended June 30, 2023
Expected Future Net Cash Flows	Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	5,935.7	$	3,484.6	$	9,420.3
New Consumer Loan assignments (1)	1,018.9		461.3		1,480.2
Realized net cash flows (2)	(718.0)		(421.8)		(1,139.8)
Forecast changes	(41.8)		(47.5)		(89.3)
Transfers (3)	(28.4)		33.3		4.9
Balance, end of period	$	6,166.4	$	3,509.9	$	9,676.3

(In millions)	For the Three Months Ended June 30, 2022
Expected Future Net Cash Flows	Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	5,321.3	$	3,675.9	$	8,997.2
New Consumer Loan assignments (1)	951.4		393.4		1,344.8
Realized net cash flows (2)	(770.1)		(488.6)		(1,258.7)
Forecast changes	(14.0)		(29.4)		(43.4)
Transfers (3)	(20.0)		22.3		2.3
Balance, end of period	$	5,468.6	$	3,573.6	$	9,042.2

(In millions)	For the Six Months Ended June 30, 2023
Expected Future Net Cash Flows	Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	5,637.9	$	3,395.5	$	9,033.4
New Consumer Loan assignments (1)	2,083.0		950.1		3,033.1
Realized net cash flows (2)	(1,458.6)		(860.2)		(2,318.8)
Forecast changes	(49.0)		(30.9)		(79.9)
Transfers (3)	(46.9)		55.4		8.5
Balance, end of period	$	6,166.4	$	3,509.9	$	9,676.3
(In millions)	For the Six Months Ended June 30, 2022
Expected Future Net Cash Flows	Dealer Loans		Purchased Loans		Total
Balance, beginning of period	$	5,249.7	$	3,698.6	$	8,948.3
New Consumer Loan assignments (1)	1,830.8		784.7		2,615.5
Realized net cash flows (2)	(1,583.5)		(1,010.8)		(2,594.3)
Forecast changes	19.9		46.9		66.8
Transfers (3)	(48.3)		54.2		5.9
Balance, end of period	$	5,468.6	$	3,573.6	$	9,042.2

(1)The Dealer Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we expected to make. The Purchased Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Purchase Program.

(2)The Dealer Loans amount represents repayments that we collected on Consumer Loans assigned under our Portfolio Program, less the Dealer Holdback and Accelerated Dealer Holdback payments that we made. Purchased Loans amount represents repayments that we collected on Consumer Loans assigned under our Purchase Program.

(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, related allowance for credit losses balance, and related expected future net cash flows to Purchased Loans in the period this forfeiture occurs.

Schedule of Consumer Loans Forecasted Collection Percentage

The following table compares our forecast of Consumer Loan collection rates as of June 30, 2023 with the forecasts as of March 31, 2023, December 31, 2022, and at the time of assignment, segmented by year of assignment:

	Total Loans
	Forecasted Collection Percentage as of (1)								Current Forecast Variance from
Consumer Loan Assignment Year	June 30, 2023		March 31, 2023		December 31, 2022		Initial Forecast		March 31, 2023		December 31, 2022		Initial Forecast
2014	71.7	%	71.7	%	71.7	%	71.8	%	0.0	%	0.0	%	-0.1	%
2015	65.2	%	65.2	%	65.2	%	67.7	%	0.0	%	0.0	%	-2.5	%
2016	63.8	%	63.8	%	63.8	%	65.4	%	0.0	%	0.0	%	-1.6	%
2017	64.7	%	64.7	%	64.7	%	64.0	%	0.0	%	0.0	%	0.7	%
2018	65.4	%	65.3	%	65.2	%	63.6	%	0.1	%	0.2	%	1.8	%
2019	66.8	%	66.8	%	66.6	%	64.0	%	0.0	%	0.2	%	2.8	%
2020	67.8	%	67.9	%	67.8	%	63.4	%	-0.1	%	0.0	%	4.4	%
2021	65.5	%	66.0	%	66.2	%	66.3	%	-0.5	%	-0.7	%	-0.8	%
2022	64.3	%	66.0	%	66.3	%	67.5	%	-1.7	%	-2.0	%	-3.2	%
2023	67.5	%	67.2	%	—		67.5	%	0.3	%	—		0.0	%

	Dealer Loans
	Forecasted Collection Percentage as of (1) (2)								Current Forecast Variance from
Consumer Loan Assignment Year	June 30, 2023		March 31, 2023		December 31, 2022		Initial Forecast		March 31, 2023		December 31, 2022		Initial Forecast
2014	71.6	%	71.6	%	71.6	%	71.9	%	0.0	%	0.0	%	-0.3	%
2015	64.6	%	64.5	%	64.5	%	67.5	%	0.1	%	0.1	%	-2.9	%
2016	63.0	%	63.0	%	63.0	%	65.1	%	0.0	%	0.0	%	-2.1	%
2017	64.0	%	64.0	%	64.0	%	63.8	%	0.0	%	0.0	%	0.2	%
2018	64.8	%	64.8	%	64.6	%	63.6	%	0.0	%	0.2	%	1.2	%
2019	66.5	%	66.5	%	66.3	%	63.9	%	0.0	%	0.2	%	2.6	%
2020	67.6	%	67.7	%	67.7	%	63.3	%	-0.1	%	-0.1	%	4.3	%
2021	65.2	%	65.8	%	66.0	%	66.3	%	-0.6	%	-0.8	%	-1.1	%
2022	63.7	%	65.4	%	65.8	%	67.3	%	-1.7	%	-2.1	%	-3.6	%
2023	66.8	%	66.8	%	—		67.0	%	0.0	%	—		-0.2	%

	Purchased Loans
	Forecasted Collection Percentage as of (1) (2)								Current Forecast Variance from
Consumer Loan Assignment Year	June 30, 2023		March 31, 2023		December 31, 2022		Initial Forecast		March 31, 2023		December 31, 2022		Initial Forecast
2014	72.5	%	72.5	%	72.5	%	70.9	%	0.0	%	0.0	%	1.6	%
2015	68.9	%	68.9	%	68.9	%	68.5	%	0.0	%	0.0	%	0.4	%
2016	66.0	%	66.0	%	66.0	%	66.5	%	0.0	%	0.0	%	-0.5	%
2017	66.3	%	66.3	%	66.3	%	64.6	%	0.0	%	0.0	%	1.7	%
2018	66.7	%	66.6	%	66.4	%	63.5	%	0.1	%	0.3	%	3.2	%
2019	67.5	%	67.5	%	67.2	%	64.2	%	0.0	%	0.3	%	3.3	%
2020	68.0	%	68.1	%	68.0	%	63.6	%	-0.1	%	0.0	%	4.4	%
2021	66.0	%	66.5	%	66.7	%	66.3	%	-0.5	%	-0.7	%	-0.3	%
2022	65.7	%	67.4	%	67.4	%	68.0	%	-1.7	%	-1.7	%	-2.3	%
2023	69.2	%	68.2	%	—		68.8	%	1.0	%	—		0.4	%

(1)Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment. Contractual repayments include both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans as the contractual amount owed is not removed from the denominator for purposes of computing forecasted collection rates in the table.

(2)The forecasted collection rates presented for Dealer Loans and Purchased Loans reflect the Consumer Loan classification at the time of assignment.

Financing Receivable, Past Due [Table Text Block]

The following table summarizes the past-due status of Consumer Loan assignments as of June 30, 2023 and December 31, 2022, segmented by year of assignment:

(In millions)	Total Loans as of June 30, 2023 (1) (2)
	Pre-term Consumer Loans (3)						Post-term Consumer Loans (4)		Total
Consumer Loan Assignment Year	Current (5)		Past Due 11-90 Days		Past Due Over 90 Days
2018 and prior	$	74.1	$	40.3	$	147.3	$	208.2	$	469.9
2019	281.7		134.7		316.0		20.8		753.2
2020	518.1		230.2		357.2		2.4		1,107.9
2021	884.0		345.3		384.3		0.2		1,613.8
2022	2,146.7		593.7		305.4		—		3,045.8
2023	2,340.5		258.9		9.6		—		2,609.0
	$	6,245.1	$	1,603.1	$	1,519.8	$	231.6	$	9,599.6

(In millions)	Dealer Loans as of June 30, 2023 (1)
	Pre-term Consumer Loans (3)						Post-term Consumer Loans (4)		Total
Consumer Loan Assignment Year	Current (5)		Past Due 11-90 Days		Past Due Over 90 Days
2018 and prior	$	36.1	$	19.2	$	71.5	$	123.7	$	250.5
2019	131.4		63.2		148.8		12.1		355.5
2020	320.7		138.9		217.5		1.9		679.0
2021	606.2		229.8		255.9		0.1		1,092.0
2022	1,587.3		433.3		221.6		—		2,242.2
2023	1,714.8		192.8		7.3		—		1,914.9
	$	4,396.5	$	1,077.2	$	922.6	$	137.8	$	6,534.1

(In millions)	Purchased Loans as of June 30, 2023 (2)
	Pre-term Consumer Loans (3)						Post-term Consumer Loans (4)		Total
Consumer Loan Assignment Year	Current (5)		Past Due 11-90 Days		Past Due Over 90 Days
2018 and prior	$	38.0	$	21.1	$	75.8	$	84.5	$	219.4
2019	150.3		71.5		167.2		8.7		397.7
2020	197.4		91.3		139.7		0.5		428.9
2021	277.8		115.5		128.4		0.1		521.8
2022	559.4		160.4		83.8		—		803.6
2023	625.7		66.1		2.3		—		694.1
	$	1,848.6	$	525.9	$	597.2	$	93.8	$	3,065.5

(In millions)	Total Loans as of December 31, 2022 (1) (2)
	Pre-term Consumer Loans (3)						Post-term Consumer Loans (4)		Total
Consumer Loan Assignment Year	Current (5)		Past Due 11-90 Days		Past Due Over 90 Days
2017 and prior	$	16.1	$	9.6	$	42.2	$	167.7	$	235.6
2018	142.8		71.7		197.5		37.3		449.3
2019	446.5		214.0		411.9		6.5		1,078.9
2020	732.6		332.8		421.1		0.9		1,487.4
2021	1,209.1		480.4		398.8		—		2,088.3
2022	3,036.1		631.1		158.8		—		3,826.0
	$	5,583.2	$	1,739.6	$	1,630.3	$	212.4	$	9,165.5

(In millions)	Dealer Loans as of December 31, 2022 (1)
	Pre-term Consumer Loans (3)						Post-term Consumer Loans (4)		Total
Consumer Loan Assignment Year	Current (5)		Past Due 11-90 Days		Past Due Over 90 Days
2017 and prior	$	7.7	$	4.5	$	20.4	$	103.1	$	135.7
2018	71.5		34.3		97.3		21.3		224.4
2019	215.2		100.7		196.9		4.2		517.0
2020	461.6		204.6		259.4		0.7		926.3
2021	836.1		324.8		268.0		—		1,428.9
2022	2,258.6		467.1		116.8		—		2,842.5
	$	3,850.7	$	1,136.0	$	958.8	$	129.3	$	6,074.8

(In millions)	Purchased Loans as of December 31, 2022 (2)
	Pre-term Consumer Loans (3)						Post-term Consumer Loans (4)		Total
Consumer Loan Assignment Year	Current (5)		Past Due 11-90 Days		Past Due Over 90 Days
2017 and prior	$	8.4	$	5.1	$	21.8	$	64.6	$	99.9
2018	71.3		37.4		100.2		16.0		224.9
2019	231.3		113.3		215.0		2.3		561.9
2020	271.0		128.2		161.7		0.2		561.1
2021	373.0		155.6		130.8		—		659.4
2022	777.5		164.0		42.0		—		983.5
	$	1,732.5	$	603.6	$	671.5	$	83.1	$	3,090.7

(1)As Consumer Loans are aggregated by Dealer for purposes of recognizing revenue and measuring credit losses, the Dealer Loan amount was estimated by allocating the balance of each Dealer Loan to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.

(2)As certain Consumer Loans are aggregated by Dealer or month of purchase for purposes of recognizing revenue and measuring credit losses, the Purchased Loan amount was estimated by allocating the balance of certain Purchased Loans to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.

(3)Represents the Loan balance attributable to Consumer Loans outstanding within their initial loan terms.

(4)Represents the Loan balance attributable to Consumer Loans outstanding beyond their initial loan terms.

(5)We consider a Consumer Loan to be current for purposes of forecasting expected collection rates if contractual repayments are less than 11 days past due.

Schedule of write-offs for Consumer Loan assignments segmented by year of assignment

The following table summarizes the write-offs for Consumer Loan assignments for the three and six months ended June 30, 2023, segmented by year of assignment:

(In millions)	For the Three Months Ended June 30, 2023
Write-offs by Consumer Loan Assignment Year	Dealer Loans		Purchased Loans		Total
2018 and prior	$	33.9	$	28.0	$	61.9
2019	27.1		50.8		77.9
2020	27.6		26.1		53.7
2021	26.6		29.2		55.8
2022	27.3		40.1		67.4
2023	3.3		9.4		12.7
	$	145.8	$	183.6	$	329.4

(In millions)	For the Six Months Ended June 30, 2023
Write-offs by Consumer Loan Assignment Year	Dealer Loans		Purchased Loans		Total
2018 and prior	$	65.5	$	59.5	$	125.0
2019	50.8		99.1		149.9
2020	51.3		54.9		106.2
2021	45.4		62.2		107.6
2022	46.3		80.4		126.7
2023	4.2		10.4		14.6
	$	263.5	$	366.5	$	630.0

Forecast adjustment [Table Text Block]

The removal of the COVID forecast adjustment and the implementation of the enhanced forecasting methodology during the first quarter of 2022 impacted forecasted net cash flows and provision for credit losses as follows:

(In millions)	Increase / (Decrease) in
Forecasting Methodology Changes	Forecasted Net Cash Flows		Provision for Credit Losses
Removal of COVID forecast adjustment	$	149.5	$	(118.5)
Implementation of enhanced forecasting methodology	(53.8)		47.9
Total	$	95.7	$	(70.6)