Finance Receivables (Tables)

6 Months Ended

Sep. 30, 2013

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

Schedule of finance receivables consisting of automobile finance installment

	September 30,			March 31,
	2013			2013
Finance receivables, gross contract	$	410,717,491		$	395,721,730
Unearned interest		(119,230,463	)		(112,922,191	)
Finance receivables, net of unearned interest		291,487,028			282,799,539
Unearned dealer discounts		(16,854,310	)		(16,415,169	)
Finance receivables, net of unearned interest and unearned dealer discounts		274,632,718			266,384,370
Allowance for credit losses		(14,138,637	)		(16,558,569	)
Finance receivables, net	$	260,494,081		$	249,825,801

Schedule of the credit quality by creditworthiness

	September 30, 2013				March 31, 2013
	Contracts		Direct Loans		Contracts		Direct Loans
Non-bankrupt accounts	$	397,098,910	$	10,614,301	$	386,324,594	$	5,721,768
Bankrupt accounts		2,994,649		9,631		615,499		—
Total	$	400,093,559	$	10,623,932	$	386,940,093	$	5,721,768
Performing accounts	$	393,086,994	$	10,555,451	$	382,843,130	$	5,685,981
Non-performing accounts		7,006,565		68,481		4,096,963		35,787
Total	$	400,093,559	$	10,623,932	$	386,940,093	$	5,721,768

Schedule of information regarding delinquency rates

			Delinquencies
Contracts	Gross Balance Outstanding		31 – 60 days			61 – 90 days			Over 90 days			Total
September 30, 2013	$	400,093,559	$	15,756,362		$	3,239,528		$	3,767,037		$	22,762,927
				3.94	%		0.81	%		0.94	%		5.69	%
September 30, 2012	$	388,783,924	$	15,310,139		$	3,879,087		$	1,739,015		$	20,928,241
				3.94	%		1.00	%		0.44	%		5.38	%

Direct Loans	Gross Balance Outstanding		31 – 60 days			61 – 90 days			Over 90 days			Total
September 30, 2013	$	10,623,932	$	104,983		$	37,604		$	30,877		$	173,464
				0.99	%		0.35	%		0.29	%		1.63	%
September 30, 2012	$	8,075,902	$	94,770		$	6,822		$	11,024		$	112,616
				1.17	%		0.08	%		0.14	%		1.39	%

Contracts

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

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

	Three months ended September 30,						Six months ended September 30,
	2013			2012			2013			2012
Balance at beginning of period	$	14,811,173		$	19,641,656		$	16,090,652		$	19,499,208
Current period provision		3,873,216			3,246,998			6,367,646			6,260,674
Losses absorbed		(6,029,363	)		(5,295,524	)		(10,678,339	)		(8,955,368	)
Recoveries		823,996			763,687			1,699,063			1,552,303
Balance at end of period	$	13,479,022		$	18,356,817		$	13,479,022		$	18,356,817

Direct Loans

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

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

	Three months ended September 30,						Six months ended September 30,
	2013			2012			2013			2012
Balance at beginning of period	$	591,881		$	561,803		$	467,917		$	492,184
Current period provision		99,888			14,723			247,249			104,313
Losses absorbed		(42,987	)		(49,103	)		(70,573	)		(74,195	)
Recoveries		10,833			3,678			15,022			8,799
Balance at end of period	$	659,615		$	531,101		$	659,615		$	531,101