Accrued Interest Date: Collection Period Ending:
26-Dec-01 31-Dec-01
Distribution Date: BMW Vehicle Owner Trust 2001-A Period #
------------------------------
25-Jan-02 8
---------------------------------------------------------------------------------------------------------------
Balances
---------------------------------------------------------------------------------------------------------------
Initial Period End
Receivables $1,489,992,840 $1,166,899,487
Pre-Funding Account $99,965,067 $0
Capitalized Interest Account $1,045,665 $0
Reserve Account $22,349,893 $29,172,487
Yield Supplement Overcollateralization $8,157,907 $5,636,482
Class A-1 Notes $329,000,000 $0
Class A-2 Notes $448,000,000 $358,223,373
Class A-3 Notes $499,000,000 $499,000,000
Class A-4 Notes $274,000,000 $274,000,000
Class B Notes $31,800,000 $31,800,000
Current Collection Period
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Beginning Receivables Outstanding $1,218,245,665
Calculation of Total Distribution Amount
Regular Principal Distributable Amount
Receipts of Scheduled Principal $27,346,614
Receipts of Pre-Paid Principal $22,914,414
Liquidation Proceeds $625,174
Principal Balance Allocable to Purchased Receivables $0
Release from Pre-Funding Account $0
Total Receipts of Principal $50,886,202
Interest Distribution Amount
Receipts of Interest $9,308,891
Servicer Advances $8,622
Reimbursement of Previous Servicer Advances $0
Accrued Interest on Purchased Receivables $0
Recoveries $48,800
Capitalized Interest Payments $0
Net Investment Earnings $58,739
Total Receipts of Interest $9,425,052
Release from Reserve Account $0
Total Distribution Amount $60,311,254
Ending Receivables Outstanding $1,166,899,487
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $32,909
Current Period Servicer Advance $8,622
Current Reimbursement of Previous Servicer Advance $0
Ending Period Unreimbursed Previous Servicer Advances $41,531
Collection Account
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Deposits to Collection Account $60,311,254
Withdrawals from Collection Account
Servicing Fees $1,015,205
Class A Noteholder Interest Distribution $4,572,507
First Priority Principal Distribution $0
Class B Noteholder Interest Distribution $144,690
Regular Principal Distribution $50,595,361
Reserve Account Deposit $0
Unpaid Trustee Fees $0
Excess Funds Released to Depositor $3,983,492
Total Distributions from Collection Account $60,311,254
Page 1 of 3
Accrued Interest Date: Collection Period Ending:
26-Dec-01 31-Dec-01
Distribution Date: BMW Vehicle Owner Trust 2001-A Period #
------------------------------
25-Jan-02 8
---------------------------------------------------------------------------------------------------------------
Excess Funds Released to the Depositor
---------------------------------------------------------------------------------------------------------------
Release from Reserve Account $1,283,654
Release from Collection Account $3,983,492
Total Excess Funds Released to the Depositor $5,267,146
Note Distribution Account
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Amount Deposited from the Collection Account $55,312,558
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $55,312,558
Distributions
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Monthly Principal Distributable Amount Current Payment Ending Balance Per $1,000 Factor
Class A-1 Notes $0 $0 $0.00 0.00%
Class A-2 Notes $50,595,361 $358,223,373 $112.94 79.96%
Class A-3 Notes $0 $499,000,000 $0.00 100.00%
Class A-4 Notes $0 $274,000,000 $0.00 100.00%
Class B Notes $0 $31,800,000 $0.00 100.00%
Interest Distributable Amount Current Payment Per $1,000
Class A-1 Notes $0 $0.00
Class A-2 Notes $1,451,307 $3.24
Class A-3 Notes $1,954,417 $3.92
Class A-4 Notes $1,166,783 $4.26
Class B Notes $144,690 $4.55
Carryover Shortfalls
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Prior Period Carryover Current Payment Per $1,000
Class A-1 Interest Carryover Shortfall $0 $0 $0
Class A-2 Interest Carryover Shortfall $0 $0 $0
Class A-3 Interest Carryover Shortfall $0 $0 $0
Class A-4 Interest Carryover Shortfall $0 $0 $0
Class B Interest Carryover Shortfall $0 $0 $0
Receivables Data
---------------------------------------------------------------------------------------------------------------
Beginning Period Ending Period
Number of Contracts 61,081 58,336
Weighted Average Remaining Term 45.51 42.65
Weighted Average Annual Percentage Rate 7.65% 7.64%
Delinquencies Aging Profile End of Period Dollar Amount Percentage
Current $1,047,789,844 89.79%
1-29 days $99,500,469 8.53%
30-59 days $15,603,444 1.34%
60-89 days $2,557,271 0.22%
90-119 days $764,806 0.07%
120+ days $683,654 0.06%
Total $1,166,899,487 100.00%
Delinquent Receivables +30 days past due $19,609,174 1.68%
Page 2 of 3
Accrued Interest Date: Collection Period Ending:
26-Dec-01 31-Dec-01
Distribution Date: BMW Vehicle Owner Trust 2001-A Period #
------------------------------
25-Jan-02 8
---------------------------------------------------------------------------------------------------------------
Charge-offs
Gross Principal Charge-Offs for Current Period $459,976
Recoveries for Current Period $48,800
Net Losses for Current Period $411,175
Cumulative Realized Losses $1,581,720
Repossessions Dollar Amount Units
Beginning Period Repossessed Receivables Balance $53,777 53
Ending Period Repossessed Receivables Balance $1,479,427 59
Principal Balance of 90+ Day Repossessed Vehicles $53,777 1
Yield Supplement Overcollateralization
---------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $5,927,323
Beginning Period Amount $5,927,323
Ending Period Required Amount $5,636,482
Current Period Release $290,841
Ending Period Amount $5,636,482
Next Distribution Date Required Amount $5,352,752
Capitalized Interest Account
---------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $0
Beginning Period Amount $0
Net Investment Earnings $0
Current Period Release to Depositor $0
Ending Period Required Amount $0
Ending Period Amount $0
Pre-Funding Account
---------------------------------------------------------------------------------------------------------------
Beginning Period Amount $0
Net Investment Earnings $0
Release to Servicer for Additional Loans $0
Current Period Release for Deposit to Collection Account $0
Ending Period Amount $0
Reserve Account
---------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $30,456,142
Beginning Period Amount $30,456,142
Net Investment Earnings $58,738
Current Period Deposit $0
Current Period Release to Collection Account $0
Current Period Release to Depositor $1,283,654
Ending Period Required Amount $29,172,487
Ending Period Amount $29,172,487
Page 3 of 3