Exhibit 99.1
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BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 02/28/02
Distribution Date: 03/25/02
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $865,427,267
Reserve Account $81,245,750 $104,458,821
Class A-1 Notes $180,000,000 $0
Class A-2 Notes $600,000,000 $97,889,178
Class A-3 Notes $300,000,000 $300,000,000
Class A-4 Notes $389,660,000 $389,660,000
Subordinated Note $30,951,089 $30,951,089
Class B Certificates $46,927,000 $46,927,000
Current Collection Period
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Beginning Securitization Value $907,417,156
Principal Reduction Amount $41,989,888
Ending Securitization Value $865,427,267
Calculation of Required 2000-A SUBI Collection Account Amount
Collections
Receipts of Monthly Payments $17,768,967
Sale Proceeds $8,532,857
Termination Proceeds $23,790,962
Recovery Proceeds $600,369
Total Collections $50,693,156
Servicer Advances $10,538,151
Reimbursement of Previous Servicer Advances ($10,198,124)
Required 2000-A SUBI Collection Account Amount $51,033,183
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $19,284,915
Current Period Monthly Payment Advance $1,195,815
Current Period Sales Proceeds Advance $9,342,336
Current Reimbursement of Previous Servicer Advance ($10,198,124)
Ending Period Unreimbursed Previous Servicer Advances $19,624,942
Collection Account
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Deposits to 2000-A SUBI Collection Account $51,033,183
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $756,181
Note Distribution Account Deposit $4,601,023
Reserve Fund Deposit - Subordinated Noteholder Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $41,989,888
Reserve Fund Deposit - Excess Collections $3,231,801
Payments to Transferor $0
Total Distributions from 2000-A SUBI Collection Account $51,033,183
Note Distribution Account
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Amount Deposited from the Collection Account $46,590,912
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $46,590,912
Certificate Distribution Account
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Amount Deposited from the Collection Account $273,741
Amount Deposited from the Reserve Account $0
Amount Paid to Certificateholders $273,741
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BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 02/28/02
Distribution Date: 03/25/02
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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 $41,989,888 $97,889,178 $69.98 16.31%
Class A-3 Notes $0 $300,000,000 $0.00 100.00%
Class A-4 Notes $0 $389,660,000 $0.00 100.00%
Subordinated Note $0 $30,951,089 $0.00 100.00%
Class B Certificates $0 $46,927,000 $0.00 100.00%
Interest Distributable Amount Current Payment Per $1,000
Class A-1 Notes $0 $0.00
Class A-2 Notes $775,163 $1.29
Class A-3 Notes $1,660,000 $5.53
Class A-4 Notes $2,165,860 $5.56
Subordinated Note $180,548 $5.83
Class B Certificates $273,741 $5.83
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
Subordinated Note Interest Carryover Shortfall $0 $0 $0
Certificate Interest Carryover Shortfall $0 $0 $0
Reserve Account
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Beginning Period Required Amount $104,458,821
Beginning Period Amount $104,458,821
Net Investment Earnings $122,910
Current Period Deposit $3,412,349
Reserve Fund Draw Amount $0
Release of Excess Funds $3,535,260
Ending Period Required Amount $104,458,821
Ending Period Amount $104,458,821
Residual Value Losses
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Current Period Cumulative
Net Sale Proceeds $26,828,913 $321,476,117
Residual Values $27,826,617 $337,265,271
Residual Value Losses $997,703 $15,789,155
Receivables Data
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Beginning of Period Lease Balance $999,398,403
End of Period Lease Balance $952,029,502
Delinquencies Aging Profile - End of Period Lease Dollar Amount Percentage
Balance
Current $879,362,932 92.37%
1-29 days $60,889,471 6.40%
30-59 days $9,048,268 0.95%
60-89 days $1,860,778 0.20%
90-119 days $384,037 0.04%
120+ days $484,016 0.05%
Total $952,029,502 100.00%
Delinquent Receivables +30 days past due $11,777,099 1.24%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $679,566 $9,751,057
Liquidation Proceeds $432,641 $6,968,918
Recovery Proceeds $4,910 $107,712
Net Credit Losses $242,014 $2,674,426
Note: Liquidation Proceeds includes proceeds received from repossessed
vehicles otherwise included in "Sale Proceeds" or "Termination Proceeds."
Recovery Proceeds includes the portion of "Recovery Proceeds" related
to specified leases which have been charged-off.
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