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Inventory and Floor Plan Notes Payable
 3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventory and Floor Plan Notes Payable Inventory and Floor Plan Notes Payable
The following table summarizes inventory as of:
March 31,
2022		December 31,
2021
Used vehicles$45,846 $40,739 
Parts249 246 
Total$46,095 $40,985 
Beginning March 10, 2021, the Company entered into a $30,000 floor plan credit facility, which was expanded to $40,000 in the second quarter of 2021, with Ally Financial to finance the acquisition of used vehicle inventory. Concurrently, proceeds from the agreement were used to settle outstanding debt obligations on the Company’s preexisting floor plan facility with AFC. Borrowings under the Ally Financial facility accrue interest at a variable rate based on the most recent prime rate plus 2.50% per annum. The prime rate as of March 31, 2022 was 3.50%.
Floor plan notes payable are generally due upon the sale of the related used vehicle inventory.