EXHIBIT 99.1
Accrued Interest Date: Collection Period Ending:
26-Feb-07 28-Feb-07
Distribution Date: BMW VEHICLE OWNER TRUST 2004-A Period #
26-Mar-07 ------------------------------ 34
- ------------------------------------------------------------------------------------------------------------------------------------
Balances
- ------------------------------------------------------------------------------------------------------------------------------------
Initial Period End
Receivables $1,500,120,934 $236,743,644
Reserve Account $9,683,915 $7,449,165
Yield Supplement Overcollateralization $10,287,158 $1,309,437
Class A-1 Notes $313,000,000 $0
Class A-2 Notes $417,000,000 $0
Class A-3 Notes $470,000,000 $0
Class A-4 Notes $256,312,000 $201,912,431
Class B Notes $33,521,000 $33,521,000
Current Collection Period
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Receivables Outstanding $255,290,783
Calculation of Total Distribution Amount
Regular Principal Distributable Amount
Receipts of Scheduled Principal $13,444,431
Receipts of Pre-Paid Principal $4,794,480
Liquidation Proceeds $150,938
Principal Balance Allocable to Gross Charge-offs $157,289
Total Receipts of Principal $18,547,138
Interest Distribution Amount
Receipts of Interest $1,003,594
Servicer Advances $61,341
Reimbursement of Previous Servicer Advances $0
Accrued Interest on Purchased Receivables $0
Recoveries $41,664
Net Investment Earnings $27,842
Total Receipts of Interest $1,134,441
Release from Reserve Account $0
Total Distribution Amount $19,524,291
Ending Receivables Outstanding $236,743,644
Servicer Advance Amounts
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Period Unreimbursed Previous Servicer Advance $423,724
Current Period Servicer Advance $61,341
Current Reimbursement of Previous Servicer Advance $0
Ending Period Unreimbursed Previous Servicer Advances $485,065
Collection Account
- ------------------------------------------------------------------------------------------------------------------------------------
Deposits to Collection Account $19,524,291
Withdrawals from Collection Account
Servicing Fees $212,742
Class A Noteholder Interest Distribution $609,549
First Priority Principal Distribution $0
Class B Noteholder Interest Distribution $98,328
Regular Principal Distribution $18,406,444
Reserve Account Deposit $28,208
Unpaid Trustee Fees $0
Excess Funds Released to Depositor $169,019
Total Distributions from Collection Account $19,524,291
Excess Funds Released to the Depositor
- ------------------------------------------------------------------------------------------------------------------------------------
Release from Reserve Account $0
Release from Collection Account $169,019
Total Excess Funds Released to the Depositor $169,019
Note Distribution Account
- ------------------------------------------------------------------------------------------------------------------------------------
Amount Deposited from the Collection Account $19,114,321
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $19,114,321
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 $0 $0 $0.00 0.00%
Class A-4 Notes $18,406,444 $201,912,431 $71.81 78.78%
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 $0 $0.00
Class A-4 Notes $609,549 $2.38
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 28,592 27,798
Weighted Average Remaining Term 19.68 18.87
Weighted Average Annual Percentage Rate 4.61% 4.61%
Delinquencies Aging Profile End of Period Dollar Amount Percentage
Current $212,127,652 89.60%
1-29 days $18,996,602 8.02%
30-59 days $3,755,858 1.59%
60-89 days $949,905 0.40%
90-119 days $262,697 0.11%
120-149 days $650,930 0.27%
Total $236,743,644 100.00%
Delinquent Receivables +30 days past due $5,619,390 2.37%
Write-offs
Gross Principal Write-Offs for Current Period $157,289
Recoveries for Current Period $41,664
Net Write-Offs for Current Period $115,625
Cumulative Realized Losses $7,174,756
Repossessions Dollar Amount Units
Beginning Period Repossessed Receivables Balance $577,185 42
Ending Period Repossessed Receivables Balance $449,307 34
Principal Balance of 90+ Day Repossessed Vehicles $97,048 7
Yield Supplement Overcollateralization
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $1,450,131
Beginning Period Amount $1,450,131
Ending Period Required Amount $1,309,437
Current Period Release $140,694
Ending Period Amount $1,309,437
Next Distribution Date Required Amount $1,176,593
Reserve Account
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $7,449,165
Beginning Period Amount $7,420,957
Net Investment Earnings $27,842
Current Period Deposit $28,208
Current Period Release to Collection Account $0
Current Period Release to Depositor $0
Ending Period Required Amount $7,449,165
Ending Period Amount $7,449,165