Asset Securitizations (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Assets and Liabilities Related to VIEs

The following table summarizes the assets and liabilities related to VIEs included in the Company’s consolidated financial statements:

	March 31, 2014		December 31, 2013
Restricted cash	$	1,550,657	$	1,370,174
Retail installment contracts, net		19,910,992		19,166,392
Various other assets		3,695,594		2,564,902
Notes payable		25,514,661		23,810,950
Various other liabilities		49,412		25,682

Summary of Cash Flows Received from On-Balance Sheet Securitization Trusts

A summary of the cash flows received from on-balance sheet securitization trusts during the three months ended March 31, 2014 and 2013, is as follows:

	Three Months Ended
	March 31, 2014		March 31, 2013
Receivables securitized	$	3,316,248	$	2,803,734
Net proceeds from new securitizations	$	2,734,093	$	2,450,000
Cash received for servicing fees		145,772		101,588
Cash received upon release from reserved and    restricted cash accounts		749		3,419
Net distributions from Trusts		320,861		327,567
Total cash received from securitization trusts	$	3,201,475	$	2,882,574