Leased Vehicles, Net

3 Months Ended

Mar. 31, 2014

Leased Vehicles, Net

4. Leased Vehicles, net

Leased vehicles consisted of the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Leased vehicles	$	3,603,848		$	2,402,052
Origination fees and other costs		1,927			2,716
Manufacturer subvention payments		(407,424	)		(259,152	)
		3,198,351			2,145,616
Depreciation		(241,441	)		(122,183	)
	$	2,956,910		$	2,023,433

The following summarizes the future minimum rental payments due to the Company as lessor under operating leases as of March 31, 2014:

Remainder of 2014	$	417,563
2015		529,880
2016		366,658
2017		25,961
2018		14
Thereafter		—
Total	$	1,340,076