Debt (Tables)

3 Months Ended

Mar. 31, 2014

The following table presents information regarding credit facilities as of March 31, 2014 and December 31, 2013:

	March 31, 2014

	Maturity Date(s)	Utilized Balance		Committed Amount		Effective Rate		Assets Pledged		Restricted Cash Pledged
Warehouse line	June 2014	$	212,438	$	500,000		1.14%	$	295,988	$	—
Warehouse line	Various (a)		552,682		1,227,744		1.39%		808,611		10,851
Warehouse line (b)	January 2016		724,888		4,550,000		1.91%		1,218,964		25,771
Warehouse line	December 2015		1,399,123		2,000,000		0.94%		1,722,751		36,295
Warehouse line	July 2015		317,886		500,000		0.93%		383,811		18,035
Warehouse line (c)	September 2015		119,480		200,000		2.31%		207,906		8,015
Repurchase facility (d)	Various		748,461		748,461		1.55%		843,484		—
Warehouse line	December 2015		708,174		750,000		0.82%		1,025,381		21,836
Warehouse line (e)	November 2016		175,000		175,000		1.70%		—		—
Warehouse line (f)	March 2015		250,594		250,594		0.99%		297,750		—
Total facilities with third parties			5,208,726		10,901,799				6,804,646		120,803

Lines of credit with Santander and related subsidiaries (g):
Line of credit	December 2016		500,000		500,000		2.44%		4,423		—
Line of credit	December 2018		65,000		500,000		2.95%		—		—
Line of credit	December 2016		1,750,000		1,750,000		2.11%		—		—
Line of credit	December 2018		1,750,000		1,750,000		2.89%		73,995		—
Line of credit	March 2017		300,000		300,000		1.70%		—		—
Total facilities with Santander and related subsidiaries			4,365,000		4,800,000				78,418		—
Total revolving credit facilities		$	9,573,726	$	15,701,799			$	6,883,064	$	120,803

	December 31, 2013
	Maturity Date(s)	Utilized Balance		Committed Amount		Effective Rate		Assets Pledged		Restricted Cash Pledged
Warehouse line	June 2014	$	483,738	$	500,000		0.82%	$	757,352	$	—
Warehouse line	Various		159,300		1,219,474		3.62%		232,015		3,667
Warehouse line (b)	April 2015		613,600		4,550,000		2.12%		745,759		15,184
Warehouse line	June 2015		1,360,070		2,000,000		0.96%		1,672,082		42,510
Warehouse line	July 2015		495,786		500,000		0.85%		598,754		25,056
Warehouse line (c)	September 2015		73,080		200,000		2.84%		76,807		2,701
Repurchase facility (d)	Various		879,199		879,199		1.59%		—		—
Warehouse line	December 2015		210,000		750,000		1.84%		302,632		—
Warehouse line (e)	November 2016		175,000		175,000		1.72%		—		—
Total facilities with third parties			4,449,773		10,773,673				4,385,401		89,118

Lines of credit with Santander and related subsidiaries (e) (f):
Line of credit	December 2016		500,000		500,000		2.48%		10,674		—
Line of credit	December 2018		—		500,000		3.10%		—		—
Line of credit	December 2016		1,750,000		1,750,000		2.09%		—		—
Line of credit	December 2018		1,400,000		1,750,000		2.58%		93,969		—
Total facilities with Santander and related subsidiaries			3,650,000		4,500,000				104,643		—
Total revolving credit facilities		$	8,099,773	$	15,273,673			$	4,490,044	$	89,118

(a)	One–fourth of any outstanding balance on this facility matures in each of the following months: April 2014, November 2014, March 2015, and November 2015.

(b)	This line is held exclusively for Chrysler Capital retail loan and lease financing, with lease financing comprising no more than 50% of the outstanding balance upon advance.

(c)	This line is held exclusively for unsecured consumer term loans.

(d)	The repurchase facility is also collateralized by securitization bonds and residuals retained by the Company. No portion of this facility is unsecured. This facility has rolling 30-day and 90-day maturities.

(e)	This line is collateralized by residuals retained by the Company.

(f)	This line is collateralized by securitization notes payable retained by the Company.

(g)	These lines are also collateralized by securitization notes payable and residuals retained by the Company. As of March 31, 2014 and December 31, 2013, $2,216,127 and $1,123,354 of the aggregate outstanding balances on these facilities were unsecured.

The following table presents information regarding secured structured financings as of March 31, 2014 and December 31, 2013:

	March 31, 2014
	Original Estimated Maturity Date(s)	Balance		Initial Note Amounts Issued		Initial Weighted Average Interest Rate		Collateral		Restricted Cash
2010 Securitizations	October 2016 - November 2017	$	509,699	$	4,671,749	1.04%-1.44%		$	941,754	$	206,218
2011 Securitizations	October 2015-September 2017		843,443		5,605,609	1.21%-2.80%			1,208,325		179,484
2012 Securitizations	November 2017-December 2018		3,554,805		8,023,840	0.92%-1.68%			4,419,949		395,580
2013 Securitizations	January 2019-January 2021		4,945,429		6,689,700	0.89%-1.59%			5,873,396		377,271
2014 Securitization	April 2020		1,393,823		1,500,000		1.72%		1,624,017		90,167
Public securitizations			11,247,199		26,490,898				14,067,441		1,248,720

2010 Private issuance	June 2011		201,747		516,000		1.29%		359,416		9,611
2011 Private issuances	December 2018		554,257		4,856,525	1.46%-1.80%			796,959		39,216
2012 Private issuance	May 2016		22,256		70,308		1.07%		26,678		2,763
2013 Private issuance	September 2018-September 2020		2,552,886		2,693,754	1.13%-1.38%			3,275,012		94,111
2014 Private issuances	March 2018-June 2021		1,205,242		1,232,251	1.15%-1.40%			1,544,265		35,432
Privately issued amortizing notes			4,536,388		9,368,838				6,002,330		181,133
Total secured structured financings		$	15,783,587	$	35,859,736			$	20,069,771	$	1,429,853

	December 31, 2013
	Original Estimated Maturity Date(s)	Balance		Initial Note Amounts Issued		Initial Weighted Average Interest Rate		Collateral		Restricted Cash
2010 Securitizations	October 2016 - November 2017	$	632,251	$	4,671,749	1.04%-1.44%		$	1,143,435	$	205,190
2011 Securitizations	October 2015-September 2017		1,218,208		5,605,609	1.21%-2.80%			1,634,220		195,854
2012 Securitizations	November 2017-December 2018		4,061,127		8,023,840	0.92%-1.68%			5,013,135		383,677
2013 Securitizations	January 2019-January 2021		5,503,580		6,689,700	0.89%-1.59%			6,465,840		351,160
Public securitizations			11,415,166		24,990,898				14,256,630		1,135,881


2010 Private issuance	June 2011		219,704		516,000		1.29%		378,434		8,435
2011 Private issuances	December 2018		662,138		4,856,525	1.46%-1.80%			908,304		36,449
2012 Private issuance	May 2016		30,526		70,308		1.07%		35,378		3,016
2013 Private issuances	September 2018-September 2020		2,868,353		2,693,754	1.13%-1.38%			3,554,569		97,100
Privately issued amortizing notes			3,780,721		8,136,587				4,876,685		145,000
Total secured structured financings		$	15,195,887	$	33,127,485			$	19,133,315	$	1,280,881