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VARIABLE INTEREST ENTITIES (Tables)

6 Months Ended

Jun. 30, 2014

Variable Interest Entity and Securitizations [Abstract]

The following table summarizes the assets and liabilities related to the above mentioned VIEs that are included in the Company's Condensed Consolidated Financial Statements as of the date indicated:



	June 30, 2014
	(in thousands)
Restricted cash	$	1,613,054
Retail installment contracts, net	19,148,951
Leased vehicles, net	3,567,546
Various other assets	898,291
Notes payable	27,192,535
Various other liabilities	49,983

Summary of Cash Flows Received

Below is a summary of the cash flows received from the Trusts for the period indicated:



	Three-month period ended June 30, 2014		Period from January 28, 2014 to June 30, 2014
	(in thousands)
Receivables securitized	$	5,051,048	$	6,625,132

Net proceeds from new securitizations	4,707,336		5,945,538
Cash received for servicing fees	157,698		255,630
Cash received upon release from reserved and restricted cash accounts	60		225
Net distributions from Trusts	384,093		625,344
Total cash received from securitization trusts	$	5,249,187	$	6,826,737

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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