Long Term Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt Instruments

Debt instruments, excluding the 2020 Vehicle Floorplan Facility, which is discussed in Note 10 — Vehicle Floorplan Facility, and warehouse credit facilities of consolidated VIEs, which are discussed in Note 11 — Warehouse Credit Facilities of Consolidated VIEs, consisted of the following (in thousands):

	June 30,		December 31,
	2022		2021
Current portion of securitization debt of consolidated VIEs	$	115,325	$	—
Convertible senior notes		612,231		610,618
Securitization debt of consolidated VIEs, net of current portion		51,790		—
Junior subordinated debentures		10,310		—
Long term debt, net of current portion	$	674,331	$	610,618
Total debt	$	789,656	$	610,618

Schedule of Securitization Debt of Consolidated VIEs

The debt issued is included in "Long Term Debt" on the consolidated balance sheet. The securitization debt of consolidated VIEs consisted of the following (in thousands):

As of June 30, 2022
Series	Final Scheduled Payment Date	Initial Principal		Contractual Interest Rate		Outstanding Principal		Fair Value
United Auto Credit 2020-1-D	February 10, 2025		31,450	2.88	%		27,677		27,685
United Auto Credit 2020-1-E	February 10, 2025		18,730	5.19	%		18,730		18,766
United Auto Credit 2020-1-F	January 12, 2026		7,360	9.08	%		7,360		7,359
United Auto Credit 2021-1-B	March 11, 2024		33,540	0.68	%		22,333		22,266
United Auto Credit 2021-1-C	June 10, 2026		29,640	0.84	%		29,640		29,201
United Auto Credit 2021-1-D	June 10, 2026		29,380	1.14	%		29,380		28,417
United Auto Credit 2021-1-E	June 10, 2026		20,800	2.58	%		20,800		20,049
United Auto Credit 2021-1-F	September 10, 2027		13,910	4.30	%		13,910		13,372
		$	184,810			$	169,830	$	167,115

Schedule of Aggregate Principal Balance and Fair Value of Finance Receivables Pledged to Securitization Debt

The aggregate principal balance and the fair value of finance receivables pledged to the securitization debt consists of the following (in thousands):

	As of June 30, 2022
	Aggregate Principal Balance		Fair Value
United Auto Credit 2020-1	$	60,885	$	46,602
United Auto Credit 2021-1		120,130		112,775
Total finance receivables of CFEs	$	181,015	$	159,377