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Leased Vehicles, Net (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Leased Vehicles

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

 

 

SCUSA Delaware
 
Minimum Rental Payments Due to Lessor under Operating Leases

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