EXHIBIT 99.1
BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 3/31/03
Distribution Date: 4/25/03
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $257,717,580
Reserve Account $81,245,750 $101,338,519
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 $179,839,491
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 $335,603,995
Principal Reduction Amount $77,886,414
Ending Securitization Value $257,717,580
Calculation of Required 2000-A SUBI Collection Account Amount
Collections
Receipts of Monthly Payments $7,015,039
Sale Proceeds $17,012,112
Termination Proceeds $48,154,055
Recovery Proceeds $1,126,809
Total Collections $73,308,015
Servicer Advances $25,195,248
Reimbursement of Previous Servicer Advances ($20,494,645)
Release from Reserve Account $2,044,281
Required 2000-A SUBI Collection Account Amount $80,052,900
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $49,373,195
Current Period Monthly Payment Advance $319,030
Current Period Sales Proceeds Advance $24,876,219
Current Reimbursement of Previous Servicer Advance ($20,494,645)
Ending Period Unreimbursed Previous Servicer Advances $54,073,798
Collection Account
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Deposits to 2000-A SUBI Collection Account $80,052,900
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $279,670
Note Distribution Account Deposit $1,432,526
Reserve Fund Deposit - Subordinated Noteholder Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $77,886,414
Reserve Fund Deposit - Excess Collections $0
Payments to Transferor $0
Total Distributions from 2000-A SUBI Collection Account $80,052,900
Note Distribution Account
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Amount Deposited from the Collection Account $79,318,941
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $79,318,941
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 $0 $0 $0.00 0.00%
Class A-4 Notes $77,886,414 $179,839,491 $199.88 46.15%
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 $0 $0.00
Class A-4 Notes $1,432,526 $3.68
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 $103,279,478
Net Investment Earnings $103,323
Current Period Deposit $180,548
Reserve Fund Draw Amount $2,044,281
Release of Excess Funds $0
Ending Period Required Amount $104,458,821
Ending Period Amount $101,519,067
Residual Value Losses
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Current Period Cumulative
Net Sale Proceeds $57,077,270 $718,302,863
Residual Values $62,588,427 $761,041,308
Residual Value Losses $5,511,158 $42,738,445
Receivables Data
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Beginning of Period Lease Balance $372,030,960
End of Period Lease Balance $286,641,306
Delinquencies Aging Profile - End of Period Lease Balance Dollar Amount Percentage
Current $270,185,863 94.26%
1-29 days $13,772,317 4.80%
30-59 days $2,270,118 0.79%
60-89 days $243,988 0.09%
90-119 days $92,881 0.03%
120+ days $76,139 0.03%
Total $286,641,306 100.00%
Delinquent Receivables +30 days past due $2,683,126 0.94%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $658,451 $17,901,517
Liquidation Proceeds $422,128 $12,785,273
Recovery Proceeds $17,264 $594,800
Net Credit Losses $219,059 $4,521,443
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.