BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 10/31/02
Distribution Date: 11/25/02
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $606,972,753
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 $139,434,664
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 $660,064,180
Principal Reduction Amount $53,091,427
Ending Securitization Value $606,972,753
Calculation of Required 2000-A SUBI Collection
Account Amount Collections
Receipts of Monthly Payments $14,648,917
Sale Proceeds $4,587,421
Termination Proceeds $29,760,649
Recovery Proceeds $653,983
Total Collections $49,650,969
Servicer Advances $15,945,512
Reimbursement of Previous
Servicer Advances ($6,103,012)
Required 2000-A SUBI Collection
Account Amount $59,493,469
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous
Servicer Advance $16,911,508
Current Period Monthly Payment Advance $990,110
Current Period Sales Proceeds Advance $14,955,402
Current Reimbursement of Previous
Servicer Advance ($6,103,012)
Ending Period Unreimbursed Previous
Servicer Advances $26,754,008
Collection Account
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Deposits to 2000-A SUBI Collection Account $59,493,469
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $550,053
Note Distribution Account Deposit $3,231,171
Reserve Fund Deposit - Subordinated
Noteholder Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $53,091,427
Reserve Fund Deposit - Excess Collections $2,166,528
Payments to Transferor $0
Total Distributions from 2000-A SUBI
Collection Account $59,493,469
Note Distribution Account
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Amount Deposited from the Collection Account $56,322,599
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $56,322,599
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 $53,091,427 $139,434,664 $176.97 46.48%
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 $1,065,311 $3.55
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 Current
Carryover 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 $142,532
Current Period Deposit $2,347,076
Reserve Fund Draw Amount $0
Release of Excess Funds $2,489,609
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 $17,416,326 $448,365,247
Residual Values $18,405,710 $469,456,476
Residual Value Losses $989,384 $21,091,229
Receivables Data
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Beginning of Period Lease Balance $729,698,821
End of Period Lease Balance $672,094,493
Delinquencies Aging Profile - End of Period
Lease Balance Dollar Amount Percentage
Current $618,663,170 92.05%
1-29 days $45,858,795 6.82%
30-59 days $5,951,080 0.89%
60-89 days $1,209,377 0.18%
90-119 days $302,742 0.05%
120+ days $109,328 0.02%
Total $672,094,493 100.00%
Delinquent Receivables +30 days
past due $7,572,528 1.13%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $672,150 $15,323,685
Liquidation Proceeds $480,751 $11,087,305
Recovery Proceeds $30,969 $418,912
Net Credit Losses $160,430 $3,817,469
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.