EXHIBIT 99.1
Accrued Interest Date: Collection Period Ending:
25-Jul-06 31-Jul-06
Distribution Date: BMW VEHICLE OWNER TRUST 2004-A Period #
25-Aug-06 ------------------------------ 27
- -----------------------------------------------------------------------------------------------------------------------------------
Balances
- -----------------------------------------------------------------------------------------------------------------------------------
Initial Period End
Receivables $1,500,120,934 $394,399,930
Reserve Account $9,683,915 $7,407,245
Yield Supplement Overcollateralization $10,287,158 $2,456,982
Class A-1 Notes $313,000,000 $0
Class A-2 Notes $417,000,000 $0
Class A-3 Notes $470,000,000 $102,109,172
Class A-4 Notes $256,312,000 $256,312,000
Class B Notes $33,521,000 $33,521,000
Current Collection Period
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Receivables Outstanding $420,934,082
Calculation of Total Distribution Amount
Regular Principal Distributable Amount
Receipts of Scheduled Principal $17,412,258
Receipts of Pre-Paid Principal $8,800,975
Liquidation Proceeds $170,747
Principal Balance Allocable to Gross Charge-offs $150,171
Total Receipts of Principal $26,534,152
Interest Distribution Amount
Receipts of Interest $1,306,517
Servicer Advances $0
Reimbursement of Previous Servicer Advances ($7,645)
Accrued Interest on Purchased Receivables $0
Recoveries $27,664
Net Investment Earnings $31,098
Total Receipts of Interest $1,357,634
Release from Reserve Account $41,920
Total Distribution Amount $27,783,535
Ending Receivables Outstanding $394,399,930
Servicer Advance Amounts
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Period Unreimbursed Previous Servicer Advance $398,354
Current Period Servicer Advance $0
Current Reimbursement of Previous Servicer Advance ($7,645)
Ending Period Unreimbursed Previous Servicer Advances $390,709
Collection Account
- -----------------------------------------------------------------------------------------------------------------------------------
Deposits to Collection Account $27,783,535
Withdrawals from Collection Account
Servicing Fees $350,778
Class A Noteholder Interest Distribution $994,928
First Priority Principal Distribution $0
Class B Noteholder Interest Distribution $98,328
Regular Principal Distribution $26,339,500
Reserve Account Deposit $0
Unpaid Trustee Fees $0
Excess Funds Released to Depositor $0
Total Distributions from Collection Account $27,783,535
Excess Funds Released to the Depositor
- -----------------------------------------------------------------------------------------------------------------------------------
Release from Reserve Account $0
Release from Collection Account $0
Total Excess Funds Released to the Depositor $0
Note Distribution Account
- -----------------------------------------------------------------------------------------------------------------------------------
Amount Deposited from the Collection Account $27,432,756
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $27,432,756
Distributions
- -----------------------------------------------------------------------------------------------------------------------------------
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 $26,339,500 $102,109,172 $56.04 21.73%
Class A-4 Notes $0 $256,312,000 $0.00 100.00%
Class B Notes $0 $33,521,000 $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 $285,798 $0.61
Class A-4 Notes $709,130 $2.77
Class B Notes $98,328 $2.93
Carryover Shortfalls
- -----------------------------------------------------------------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Period Ending Period
Number of Contracts 35,208 34,186
Weighted Average Remaining Term 26.12 25.18
Weighted Average Annual Percentage Rate 4.62% 4.62%
Delinquencies Aging Profile End of Period Dollar Amount Percentage
Current $351,581,974 89.14%
1-29 days $35,062,216 8.89%
30-59 days $5,827,721 1.48%
60-89 days $1,031,229 0.26%
90-119 days $225,203 0.06%
120-149 days $671,587 0.17%
Total $394,399,930 100.00%
Delinquent Receivables +30 days past due $7,755,741 1.97%
Write-offs
Gross Principal Write-Offs for Current Period $150,171
Recoveries for Current Period $27,664
Net Write-Offs for Current Period $122,507
Cumulative Realized Losses $5,936,738
Repossessions Dollar Amount Units
Beginning Period Repossessed Receivables Balance $1,049,747 62
Ending Period Repossessed Receivables Balance $1,239,009 69
Principal Balance of 90+ Day Repossessed Vehicles $133,135 10
Yield Supplement Overcollateralization
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $2,651,634
Beginning Period Amount $2,651,634
Ending Period Required Amount $2,456,982
Current Period Release $194,652
Ending Period Amount $2,456,982
Next Distribution Date Required Amount $2,269,965
Reserve Account
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $7,449,165
Beginning Period Amount $7,449,165
Net Investment Earnings $31,098
Current Period Deposit $0
Current Period Release to Collection Account $41,920
Current Period Release to Depositor $0
Ending Period Required Amount $7,449,165
Ending Period Amount $7,407,245.15
Starting balance of Reserve Account adjusted to reflect required
balance of 0.5% of original note balance. Beginning and end of
period required reserve account amounts stated erroneously in
prior July Servicer Report.