Accrued Interest Date: Collection Period Ending:
27-Jan-03 31-Jan-03
Distribution Date: BMW VEHICLE OWNER TRUST 2002-A Period # 9
25-Feb-03 ------------------------------
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Balances
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Initial Period End
Receivables $1,401,763,032 $981,295,763
Reserve Account $14,017,630 $19,625,915
Yield Supplement Overcollateralization $6,397,885 $4,543,550
Class A-1 Notes $311,000,000 $0
Class A-2 Notes $358,426,000 $250,813,067
Class A-3 Notes $446,779,000 $446,779,000
Class A-4 Notes $251,253,000 $251,253,000
Class B Notes $27,907,000 $27,907,000
Current Collection Period
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Beginning Receivables Outstanding $1,026,369,688
Calculation of Total Distribution Amount
Regular Principal Distributable Amount
Receipts of Scheduled Principal $24,122,865
Receipts of Pre-Paid Principal $20,297,228
Liquidation Proceeds $334,107
Principal Balance Allocable to Gross Charge-offs $319,726
Total Receipts of Principal $45,073,925
Interest Distribution Amount
Receipts of Interest $5,373,339
Servicer Advances $149,590
Reimbursement of Previous Servicer Advances $0
Accrued Interest on Purchased Receivables $0
Recoveries $12,706
Net Investment Earnings $21,130
Total Receipts of Interest $5,556,765
Release from Reserve Account $0
Total Distribution Amount $50,310,964
Ending Receivables Outstanding $981,295,763
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $2,395,607
Current Period Servicer Advance $149,590
Current Reimbursement of Previous Servicer Advance $0
Ending Period Unreimbursed Previous Servicer Advances $2,545,197
Collection Account
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Deposits to Collection Account $50,310,964
Withdrawals from Collection Account
Servicing Fees $855,308
Class A Noteholder Interest Distribution $3,045,972
First Priority Principal Distribution $0
Class B Noteholder Interest Distribution $112,791
Regular Principal Distribution $44,882,143
Reserve Account Deposit $0
Unpaid Trustee Fees $0
Excess Funds Released to Depositor $1,414,751
Total Distributions from Collection Account $50,310,964
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Accrued Interest Date: Collection Period Ending:
27-Jan-03 31-Jan-03
Distribution Date: BMW VEHICLE OWNER TRUST 2002-A Period # 9
25-Feb-03 ------------------------------
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Excess Funds Released to the Depositor
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Release from Reserve Account $901,479
Release from Collection Account $1,414,751
Total Excess Funds Released to the Depositor $2,316,229
Note Distribution Account
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Amount Deposited from the Collection Account $48,040,906
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $48,040,906
Distributions
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Monthly Principal Distributable Amount Current Payment Ending Balance Per Factor
$1000
Class A-1 Notes $0 $0 $0.00 0.00%
Class A-2 Notes $44,882,143 $250,813,067 $125.22 69.98%
Class A-3 Notes $0 $446,779,000 $0.00 100.00%
Class A-4 Notes $0 $251,253,000 $0.00 100.00%
Class B Notes $0 $27,907,000 $0.00 100.00%
Interest Distributable Amount Current Payment Per $1,000
Class A-1 Notes $0 $0.00
Class A-2 Notes $697,348 $1.95
Class A-3 Notes $1,414,800 $3.17
Class A-4 Notes $933,824 $3.72
Class B Notes $112,791 $4.04
Carryover Shortfalls
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Prior Period Current Per
Carryover Payment $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
Class B Interest Carryover Shortfall $0 $0 $0
Receivables Data
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Beginning Period Ending Period
Number of Contracts 48,967 47,731
Weighted Average Remaining Term 44.55 43.60
Weighted Average Annual Percentage Rate 6.46% 6.45%
Delinquencies Aging Profile End of Period Dollar Amount Percentage
Current $891,903,236 90.89%
1-29 days $75,892,195 7.73%
30-59 days $10,051,165 1.02%
60-89 days $2,453,943 0.25%
90-119 days $575,499 0.06%
120-149 days $419,725 0.04%
Total $981,295,763 100.00%
Delinquent Receivables +30 days past due $13,500,332 1.38%
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Accrued Interest Date: Collection Period Ending:
27-Jan-03 31-Jan-03
Distribution Date: BMW VEHICLE OWNER TRUST 2002-A Period # 9
25-Feb-03 ------------------------------
- ------------------------------------------------------------------------------------------------------------------
Write-offs
Gross Principal Write-Offs for Current Period $319,726
Recoveries for Current Period $12,706
Net Write-Offs for Current Period $307,020
Cumulative Realized Losses $1,476,671
Repossessions Dollar Amount Units
Beginning Period Repossessed Receivables Balance $1,582,925 66
Ending Period Repossessed Receivables Balance $1,965,358 86
Principal Balance of 90+ Day Repossessed Vehicles $226,030 9
Yield Supplement Overcollateralization
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Beginning Period Required Amount $4,735,332
Beginning Period Amount $4,735,332
Ending Period Required Amount $4,543,550
Current Period Release $191,782
Ending Period Amount $4,543,550
Next Distribution Date Required Amount $4,355,428
Reserve Account
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Beginning Period Required Amount $20,527,394
Beginning Period Amount $20,527,394
Net Investment Earnings $21,130
Current Period Deposit $0
Current Period Release to Collection Account $0
Current Period Release to Depositor $901,479
Ending Period Required Amount $19,625,915
Ending Period Amount $19,625,915
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