Exhibit 99.1
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BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 05/31/02
Distribution Date: 06/25/02
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $763,669,150
Reserve Account $81,245,750 $104,458,821
Class A-1 Notes $180,000,000 $0
Class A-2 Notes $600,000,000 $0
Class A-3 Notes $300,000,000 $296,131,061
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 $790,154,292
Principal Reduction Amount $26,485,142
Ending Securitization Value $763,669,150
Calculation of Required 2000-A SUBI Collection Account Amount
Collections
Receipts of Monthly Payments $17,018,874
Sale Proceeds $5,844,250
Termination Proceeds $12,517,158
Recovery Proceeds $638,697
Total Collections $36,018,978
Servicer Advances $6,715,629
Reimbursement of Previous Servicer Advances ($6,764,558)
Required 2000-A SUBI Collection Account Amount $35,970,049
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $15,800,284
Current Period Monthly Payment Advance $1,140,633
Current Period Sales Proceeds Advance $5,574,996
Current Reimbursement of Previous Servicer Advance ($6,764,558)
Ending Period Unreimbursed Previous Servicer Advances $15,751,355
Collection Account
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Deposits to 2000-A SUBI Collection Account $35,970,049
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $658,462
Note Distribution Account Deposit $3,951,192
Reserve Fund Deposit - Subordinated Noteholder Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $26,485,142
Reserve Fund Deposit - Excess Collections $4,420,964
Payments to Transferor $0
Total Distributions from 2000-A SUBI Collection Account $35,970,049
Note Distribution Account
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Amount Deposited from the Collection Account $30,436,334
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $30,436,334
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: 05/31/02
Distribution Date: 06/25/02
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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 $22,616,203 $0 $37.69 0.00%
Class A-3 Notes $3,868,939 $296,131,061 $12.90 98.71%
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 $125,331 $0.21
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 $154,278
Current Period Deposit $4,601,512
Reserve Fund Draw Amount $0
Release of Excess Funds $4,755,791
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 $13,860,055 $381,340,218
Residual Values $14,264,901 $398,846,674
Residual Value Losses $404,846 $17,506,455
Receivables Data
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Beginning of Period Lease Balance $870,031,735
End of Period Lease Balance $840,465,499
Delinquencies Aging Profile - End of Period Lease Balance Dollar Amount Percentage
Current $775,853,455 92.31%
1-29 days $56,366,979 6.71%
30-59 days $6,750,510 0.80%
60-89 days $1,040,987 0.12%
90-119 days $258,616 0.03%
120+ days $194,953 0.02%
Total $840,465,499 100.00%
Delinquent Receivables +30 days past due $8,245,065 0.98%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $568,454 $11,560,856
Liquidation Proceeds $464,452 $8,319,049
Recovery Proceeds $58,643 $275,238
Net Credit Losses $45,359 $2,966,569
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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