EXHIBIT 99.1
BMW Vehicle Lease Trust 2000-A
Collection Period Ending: 4/30/03
Distribution Date: 5/27/03
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Balances
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Initial Period End
Securitization Value $1,547,538,089 $182,836,841
Reserve Account $81,245,750 $100,283,752
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 $104,958,752
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 $257,717,580
Principal Reduction Amount $74,880,740
Ending Securitization Value $182,836,841
Calculation of Required 2000-A SUBI Collection Account Amount
Collections
Receipts of Monthly Payments $4,449,480
Sale Proceeds $16,830,823
Termination Proceeds $48,421,961
Recovery Proceeds $1,229,649
Total Collections $70,931,912
Servicer Advances $24,250,839
Reimbursement of Previous Servicer Advances ($20,142,518)
Release from Reserve Account $1,509,167
Required 2000-A SUBI Collection Account Amount $76,549,401
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $53,352,142
Current Period Monthly Payment Advance $286,973
Current Period Sales Proceeds Advance $23,963,867
Current Reimbursement of Previous Servicer Advance ($20,142,518)
Ending Period Unreimbursed Previous Servicer Advances $57,460,463
Collection Account
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Deposits to 2000-A SUBI Collection Account $76,549,401
Withdrawals from 2000-A SUBI Collection Account
Servicing Fees $214,765
Note Distribution Account Deposit $999,608
Reserve Fund Deposit - Subordinated Noteholder Interest $180,548
Certificate Distribution Account Deposit $273,741
Monthly Principal Distributable Amount $74,880,740
Reserve Fund Deposit - Excess Collections $0
Payments to Transferor $0
Total Distributions from 2000-A SUBI Collection Account $76,549,401
Note Distribution Account
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Amount Deposited from the Collection Account $75,880,347
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $75,880,347
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 $74,880,740 $104,958,752 $192.17 26.94%
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 $999,608 $2.57
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 $101,519,067
Net Investment Earnings $93,304
Current Period Deposit $180,548
Reserve Fund Draw Amount $1,509,167
Release of Excess Funds $0
Ending Period Required Amount $104,458,821
Ending Period Amount $100,283,752
Residual Value Losses
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Current Period Cumulative
Net Sale Proceeds $64,078,929 $782,381,792
Residual Values $69,532,419 $830,573,726
Residual Value Losses $5,453,490 $48,191,935
Receivables Data
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Beginning of Period Lease Balance $286,641,306
End of Period Lease Balance $203,633,757
Delinquencies Aging Profile - End of Period Lease Balance Dollar Amount Percentage
Current $189,654,176 93.13%
1-29 days $12,059,261 5.92%
30-59 days $1,470,450 0.72%
60-89 days $377,117 0.19%
90-119 days $0 0.00%
120+ days $72,753 0.04%
Total $203,633,757 100.00%
Delinquent Receivables +30 days past due $1,920,320 0.94%
Credit Losses Current Period Cumulative
Liquidated Lease Balance $421,996 $18,323,513
Liquidation Proceeds $291,048 $13,076,321
Recovery Proceeds $13,021 $607,821
Net Credit Losses $117,927 $4,639,370
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.