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Leased Vehicles
 9 Months Ended
Sep. 30, 2023
Lessor Disclosure [Abstract]  
Leased Vehicles Leased Vehicles
September 30, 2023December 31, 2022
Leased vehicles$43,356 $46,069 
Manufacturer subvention(4,579)(5,150)
Net capitalized cost38,777 40,919 
Less: accumulated depreciation(7,716)(8,218)
Leased vehicles, net$31,061 $32,701 
Depreciation expense related to leased vehicles, net was $1.2 billion for both the three months ended September 30, 2023 and 2022 and $3.7 billion and $3.6 billion for the nine months ended September 30, 2023 and 2022.
The following table summarizes minimum rental payments due to us as lessor under operating leases at September 30, 2023:
Years Ending December 31,
20232024202520262027ThereafterTotal
Lease payments under operating leases
$1,415 $4,319 $2,554 $821 $63 $2 $9,172