BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 1/31/03
Distribution Date: 2/25/03
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $402,523,438
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 $0
Class A-4 Notes $389,660,000 $324,645,349
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 $477,133,342
Principal Reduction Amount $74,609,904
Ending Securitization Value $402,523,438
Calculation of Required 2000-A SUBI Collection Account Amount
Collections
Receipts of Monthly Payments $10,344,373
Sale Proceeds $14,112,867
Termination Proceeds $44,476,065
Recovery Proceeds $986,044
Total Collections $69,919,350
Servicer Advances $25,278,600
Reimbursement of Previous Servicer Advances ($17,495,920)
Required 2000-A SUBI Collection Account Amount $77,702,030
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $41,590,515
Current Period Monthly Payment Advance $725,348
Current Period Sales Proceeds Advance $24,553,252
Current Reimbursement of Previous Servicer Advance ($17,495,920)
Ending Period Unreimbursed Previous Servicer Advances $49,373,195
Collection Account
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Deposits to 2000-A SUBI Collection Account $77,702,030
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $397,611
Note Distribution Account Deposit $2,218,954
Reserve Fund Deposit - Subordinated Noteholder Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $74,609,904
Reserve Fund Deposit - Excess Collections $21,272
Payments to Transferor $0
Total Distributions from 2000-A SUBI Collection Account $77,702,030
Note Distribution Account
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Amount Deposited from the Collection Account $76,828,858
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $76,828,858
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 $9,595,253 $0 $31.98 0.00%
Class A-4 Notes $65,014,651 $324,645,349 $166.85 83.32%
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 $53,094 $0.18
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 $104,240
Current Period Deposit $201,820
Reserve Fund Draw Amount $0
Release of Excess Funds $306,060
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 $58,363,816 $601,210,449
Residual Values $62,760,488 $633,362,015
Residual Value Losses $4,396,672 $32,151,567
Receivables Data
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Beginning of Period Lease Balance $528,713,029
End of Period Lease Balance $446,018,961
Delinquencies Aging Profile - End of Period
Lease Balance Dollar Amount Percentage
Current $408,358,143 91.56%
1-29 days $32,593,215 7.31%
30-59 days $3,847,869 0.86%
60-89 days $797,795 0.18%
90-119 days $304,604 0.07%
120+ days $117,335 0.03%
Total $446,018,961 100.00%
Delinquent Receivables +30 days past due $5,067,603 1.14%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $474,324 $16,461,776
Liquidation Proceeds $330,100 $11,859,221
Recovery Proceeds $25,687 $525,372
Net Credit Losses $118,537 $4,077,183
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.