EXHIBIT 99.1
Accrued Interest Date: Collection Period Ending:
25-May-05 31-May-05
Distribution Date: BMW Vehicle Owner Trust 2005-A Period #
27-Jun-05 ------------------------------ 3
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Balances
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Initial Period End
Receivables $1,500,000,024 $1,343,654,806
Reserve Account $7,194,411 $7,194,411
Yield Supplement Overcollateralization $61,117,886 $54,884,251
Overcollateralization $137 $4,591,584
Class A-1 Notes $324,000,000 $169,296,971
Class A-2 Notes $457,000,000 $457,000,000
Class A-3 Notes $361,000,000 $361,000,000
Class A-4 Notes $264,507,000 $264,507,000
Class B Notes $32,375,000 $32,375,000
Current Collection Period
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Beginning Receivables Outstanding $1,395,279,908
Collections
Principal Collections
Receipts of Scheduled Principal $33,234,853
Receipts of Pre-Paid Principal $18,176,608
Liquidation Proceeds $156,801
Principal Balance Allocable to Gross Charge-offs $56,840
Total Principal Reduction $51,625,102
Interest Collections
Receipts of Interest $4,680,116
Servicer Advances $0
Reimbursement of Previous Servicer Advances ($12,671)
Accrued Interest on Purchased Receivables $0
Recoveries $16,235
Net Investment Earnings $17,716
Total Interest Collections $4,701,396
Total Collections $56,269,659
Ending Receivables Outstanding $1,343,654,806
Servicer Advance Amounts
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Beginning Period Unreimbursed Previous Servicer Advance $256,708
Current Period Servicer Advance $0
Current Reimbursement of Previous Servicer Advance ($12,671)
Ending Period Unreimbursed Previous Servicer Advances $244,038
Collection Account
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Deposits to Collection Account $56,269,659
Distribution Amounts Due
Servicing Fees Due $1,162,733
Class A Noteholder Interest Distribution Due $4,164,734
First Priority Principal Distribution Due $13,856,090
Class B Noteholder Interest Distribution Due $119,518
Second Priority Principal Distribution Due $32,375,000
Reserve Account Deposit Due $0
Regular Principal Distribution Due $15,359,074
Unpaid Trustee Fees Due $0
Amounts Paid to the Servicer $1,162,733
Amounts Deposited into Note Distribution Account $55,106,925
Amounts Deposited into Reserve Account $0
Excess Funds Released to Depositor $0
Total Distributions from Collection Account $56,269,659
1
Excess Funds Released to the Depositor
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Release from Reserve Account $0
Release from Collection Account $0
Total Excess Funds Released to the Depositor $0
Note Distribution Account
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Amount Deposited from the Collection Account $55,106,925
Interest Distribution to Noteholders $4,284,251
Principal Distribution to Noteholders $50,822,674
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $55,106,925
Distributions
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Interest Distributable Amount Current Int Per $1,000
Class A-1 Notes $612,109 $2.78
Class A-2 Notes $1,393,850 $3.05
Class A-3 Notes $1,215,367 $3.37
Class A-4 Notes $943,408 $3.57
Class B Notes $119,518 $3.69
Monthly Principal Distributable Amount Current Payment Ending Balance Per $1,000 Factor
Class A-1 Notes $50,822,674 $169,296,971 $230.89 76.91%
Class A-2 Notes $0 $457,000,000 $0.00 100.00%
Class A-3 Notes $0 $361,000,000 $0.00 100.00%
Class A-4 Notes $0 $264,507,000 $0.00 100.00%
Class B Notes $0 $32,375,000 $0.00 100.00%
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
Class B Interest Carryover Shortfall $0 $0 $0
Receivables Data
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Beginning Period Ending Period
Number of Contracts 63,428 62,196
Weighted Average Remaining Term 50.12 49.26
Weighted Average Annual Percentage Rate 4.46% 4.44%
Delinquencies Aging Profile End of Period Dollar Amount Percentage
Current $1,249,604,598 93.00%
1-29 days $84,203,142 6.27%
30-59 days $7,865,398 0.59%
60-89 days $1,437,524 0.11%
90-119 days $438,341 0.03%
120+ days $105,803 0.01%
Total $1,343,654,806 100.00%
Delinquent Receivables +30 days past due $9,847,066 0.73%
2
Write-offs
Gross Principal Write-Offs for Current Period $56,840
Recoveries for Current Period $16,235
Net Write-Offs for Current Period $40,605
Cumulative Realized Losses $40,605
Repossessions Dollar Amount Units
Beginning Period Repossessed Receivables Balance $743,355 28
Ending Period Repossessed Receivables Balance $1,243,206 45
Principal Balance of 90+ Day Repossessed Vehicles $0 0
Yield Supplement Overcollateralization
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Beginning Period Required Amount $56,928,869
Beginning Period Amount $56,928,869
Current Distribution Date Required Amount $54,884,251
Current Period Release $2,044,618
Ending Period Amount $54,884,251
Next Distribution Date Required Amount $52,873,264
Reserve Account
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Beginning Period Required Amount $7,194,411
Beginning Period Amount $7,194,411
Net Investment Earnings $17,716
Beginning Period Required Amount $7,194,411
Current Period Deposit Amount Due $0
Current Period Deposit Amount Paid From Collection Account $0
Current Period Release to Note Distribution Account $0
Ending Period Required Amount $7,194,411
Current Period Release to Depositor $0
Ending Period Amount $7,194,411
Overcollateralization
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Beginning Period Amount $3,349,394
Ending Period Target Credit Enhancement OC Amount $15,359,074
Ending Period Amount $4,591,584
Current Period Release $0
3