Exhibit 99.1
BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 09/30/02
Distribution Date: 10/25/02
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $660,064,180
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 $192,526,091
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 692,756,328
Principal Reduction Amount $32,692,148
Ending Securitization Value $660,064,180
Calculation of Required 2000-A SUBI Collection Account Amount
Collections
Receipts of Monthly Payments $15,773,744
Sale Proceeds $3,359,555
Termination Proceeds $17,635,703
Recovery Proceeds $433,413
Total Collections $37,202,415
Servicer Advances $6,591,990
Reimbursement of Previous Servicer
Advances ($4,727,814)
Required 2000-A SUBI Collection Account
Amount $39,066,591
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous
Servicer $15,047,332
Current Period Monthly Payment Advance $762,416
Current Period Sales Proceeds Advance $5,829,574
Current Reimbursement of Previous Servicer
Advance ($4,727,814)
Ending Period Unreimbursed Previous Servicer $16,911,508
Collection Account
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Deposits to 2000-A SUBI Collection Account $39,066,591
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $577,297
Note Distribution Account Deposit $3,412,068
Reserve Fund Deposit - Subordinated
Noteholder $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $32,692,148
Reserve Fund Deposit - Excess Collections $1,930,790
Payments to Transferor $0
Total Distributions from 2000-A SUBI
Collection Account $39,066,591
Note Distribution Account
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Amount Deposited from the Collection Account $36,104,215
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $36,104,215
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 $32,692,148 $192,526,091 $108.97 64.18%
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 $1,246,208 $4.15
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 $140,234
Current Period Deposit $2,111,338
Reserve Fund Draw Amount $0
Release of Excess Funds $2,251,573
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 $17,531,863 $430,948,921
Residual Values $18,520,108 $451,050,767
Residual Value Losses $988,245 $20,101,845
Receivables Data
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Beginning of Period Lease Balance $764,697,173
End of Period Lease Balance $729,698,821
Delinquencies Aging Profile -
End of Period Lease Balance Dollar Amount Percentage
Current $686,173,970 94.04%
1-29 days $36,028,361 4.94%
30-59 days $6,058,526 0.83%
60-89 days $1,108,448 0.15%
90-119 days $145,052 0.02%
120+ days $184,463 0.03%
Total $729,698,821 100.00%
Delinquent Receivables +30 days past due $7,496,489 1.03%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $757,722 $14,651,535
Liquidation Proceeds $531,803 $10,606,554
Recovery Proceeds $30,969 $387,943
Net Credit Losses $194,951 $3,657,038
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.