Finance Receivables (Tables)

9 Months Ended

Dec. 31, 2015

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

Schedule of finance receivables consisting of automobile finance installment Contracts and Direct Loans

	December 31,			March 31,
	2015			2015
Finance receivables, gross contract	$	494,808,526		$	457,974,758
Unearned interest		(153,498,759	)		(139,262,996	)
Finance receivables, net of unearned interest		341,309,767			318,711,762
Unearned dealer discounts		(18,633,833	)		(17,779,690	)
Finance receivables, net of unearned interest and unearned dealer discounts		322,675,934			300,932,072
Allowance for credit losses		(12,361,841	)		(12,028,012	)
Finance receivables, net	$	310,314,093		$	288,904,060

Schedule of an assessment of the credit quality by creditworthiness

	December 31, 2015				December 31, 2014
	Contracts		Direct Loans		Contracts		Direct Loans
Performing accounts	$	467,285,487	$	11,931,941	$	422,592,527	$	11,575,091
Non-performing accounts		11,111,916		100,393		9,284,558		105,818
Total	$	478,397,403	$	12,032,334	$	431,877,085	$	11,680,909
Chapter 13 bankrupt accounts		4,340,698		38,091		3,872,186		26,774
Finance receivables, gross contract	$	482,738,101	$	12,070,425	$	435,749,271	$	11,707,683

Schedule of information regarding delinquency rates

Contracts	Gross Balance Outstanding		31 – 60 days			61 – 90 days			Over 90 days			Total
December 31, 2015	$	478,397,403	$	23,970,608		$	7,029,791		$	4,082,125		$	35,082,524
				5.01	%		1.47	%		0.85	%		7.33	%
December 31, 2014	$	431,877,085	$	21,749,891		$	6,103,607		$	3,180,951		$	31,034,449
				5.04	%		1.41	%		0.74	%		7.19	%
Direct Loans	Gross Balance Outstanding		31 – 60 days			61 – 90 days			Over 90 days			Total
December 31, 2015	$	12,032,334	$	211,921		$	63,543		$	36,850		$	312,314
				1.76	%		0.53	%		0.31	%		2.60	%
December 31, 2014	$	11,680,909	$	164,347		$	59,043		$	46,776		$	270,166
				1.40	%		0.51	%		0.40	%		2.31	%

Contracts

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

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

	Three months ended December 31,						Nine months ended December 31,
	2015			2014			2015			2014
Balance at beginning of period	$	10,953,844		$	11,942,694		$	11,325,222		$	12,889,082
Current period provision		7,437,522			5,658,695			18,402,211			14,799,782
Losses absorbed		(7,583,543	)		(6,948,034	)		(20,453,767	)		(18,844,447	)
Recoveries		694,452			682,830			2,228,609			2,491,768
Balance at end of period	$	11,502,275		$	11,336,185		$	11,502,275		$	11,336,185

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 December 31,						Nine months ended December 31,
	2015			2014			2015			2014
Balance at beginning of period	$	779,921		$	734,500		$	702,789		$	590,278
Current period provision		161,667			137,953			363,534			382,916
Losses absorbed		(83,454	)		(82,948	)		(223,740	)		(202,063	)
Recoveries		1,432			3,403			16,983			21,777
Balance at end of period	$	859,566		$	792,908		$	859,566		$	792,908