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OPERATING LEASE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Operating Lease Assets, Net
Operating lease assets, net consisted of the following as of June 30, 2020 and December 31, 2019:
(in thousands)June 30, 2020December 31, 2019
Leased vehicles$21,854,377  $21,722,726  
Less: accumulated depreciation(4,647,703) (4,159,944) 
Depreciated net capitalized cost17,206,674  17,562,782  
Manufacturer subvention payments, net of accretion(1,034,636) (1,177,342) 
Origination fees and other costs67,584  76,542  
Leased vehicles, net16,239,622  16,461,982  
Commercial equipment vehicles and aircraft, gross28,916  41,154  
Less: accumulated depreciation(5,685) (7,397) 
Commercial equipment vehicles and aircraft, net
23,231  33,757  
Total operating lease assets, net(1)
$16,262,853  $16,495,739  
Schedule of Future Minimum Rental Payments Due to the Company Under Operating Leases
The following summarizes the future minimum rental payments due to the Company as lessor under operating leases as of June 30, 2020 (in thousands):
2020$1,439,765  
20212,093,714  
2022974,427  
2023233,673  
20244,072  
Thereafter7,817  
Total$4,753,468