Exhibit 99.1
BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 08/31/02
Distribution Date: 09/25/02
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $692,756,328
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 $225,218,239
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 $716,441,117
Principal Reduction Amount $23,684,789
Ending Securitization Value $692,756,328
Calculation of Required 2000-A SUBI
Collection Account Amount
Collections
Receipts of Monthly Payments $16,074,050
Sale Proceeds $4,156,532
Termination Proceeds $10,732,901
Recovery Proceeds $325,490
Total Collections $31,288,972
Servicer Advances $5,108,801
Reimbursement of Previous Servicer Advances ($5,417,202)
Required 2000-A SUBI Collection Account Amount $30,980,572
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer
Advance $15,355,732
Current Period Monthly Payment Advance $991,270
Current Period Sales Proceeds Advance $4,117,531
Current Reimbursement of Previous Servicer Advance ($5,417,202)
Ending Period Unreimbursed Previous Servicer
Advances $15,047,332
Collection Account
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Deposits to 2000-A SUBI Collection Account $30,980,572
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $597,034
Note Distribution Account Deposit $3,543,124
Reserve Fund Deposit - Subordinated Noteholder
Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $23,684,789
Reserve Fund Deposit - Excess Collections $2,701,336
Payments to Transferor $0
Total Distributions from 2000-A SUBI Collection
Account $30,980,572
Note Distribution Account
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Amount Deposited from the Collection Account $27,227,913
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $27,227,913
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
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 $0 $0 $0.00 0.00%
Class A-3 Notes $23,684,789 $225,218,239 $78.95 75.07%
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 $0 $0.00
Class A-3 Notes $1,377,263 $4.59
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 $146,028
Current Period Deposit $2,881,884
Reserve Fund Draw Amount $0
Release of Excess Funds $3,027,912
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 $11,944,257 $413,417,058
Residual Values $12,645,666 $432,530,659
Residual Value Losses $701,408 $19,113,601
Receivables Data
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Beginning of Period Lease Balance $790,342,525
End of Period Lease Balance $764,697,173
Delinquencies Aging Profile -
End of Period Lease Balance Dollar Amount Percentage
Current $710,156,459 92.87%
1-29 days $47,261,988 6.18%
30-59 days $6,032,115 0.79%
60-89 days $755,642 0.10%
90-119 days $265,078 0.03%
120+ days $225,892 0.03%
Total $764,697,173 100.00%
Delinquent Receivables +30 days past due $7,278,726 0.95%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $753,728 $13,893,813
Liquidation Proceeds $564,436 $10,074,751
Recovery Proceeds $10,859 $356,974
Net Credit Losses $178,432 $3,462,088
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.