EXHIBIT 99.1
- ------------
Accrued Interest Date: Collection Period Ending:
26-Mar-07 31-Mar-07
Distribution Date: BMW VEHICLE OWNER TRUST 2004-A Period #
25-Apr-07 ------------------------------ 35
- ------------------------------------------------------------------------------------------------------------------------------------
Balances
- ------------------------------------------------------------------------------------------------------------------------------------
Initial Period End
Receivables $1,500,120,934 $215,906,905
Reserve Account $9,683,915 $7,449,165
Yield Supplement Overcollateralization $10,287,158 $1,176,593
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 $181,208,536
Class B Notes $33,521,000 $33,521,000
Current Collection Period
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Receivables Outstanding $236,743,644
Calculation of Total Distribution Amount
Regular Principal Distributable Amount
Receipts of Scheduled Principal $14,727,327
Receipts of Pre-Paid Principal $5,895,312
Liquidation Proceeds $145,702
Principal Balance Allocable to Gross Charge-offs $68,397
Total Receipts of Principal $20,836,739
Interest Distribution Amount
Receipts of Interest $944,861
Servicer Advances $33,940
Reimbursement of Previous Servicer Advances $0
Accrued Interest on Purchased Receivables $0
Recoveries $43,227
Net Investment Earnings $30,731
Total Receipts of Interest $1,052,760
Release from Reserve Account $0
Total Distribution Amount $21,821,102
Ending Receivables Outstanding $215,906,905
Servicer Advance Amounts
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Period Unreimbursed Previous Servicer Advance $485,065
Current Period Servicer Advance $33,940
Current Reimbursement of Previous Servicer Advance $0
Ending Period Unreimbursed Previous Servicer Advances $519,005
Collection Account
- ------------------------------------------------------------------------------------------------------------------------------------
Deposits to Collection Account $21,821,102
Withdrawals from Collection Account
Servicing Fees $197,286
Class A Noteholder Interest Distribution $558,624
First Priority Principal Distribution $0
Class B Noteholder Interest Distribution $98,328
Regular Principal Distribution $20,703,895
Reserve Account Deposit $0
Unpaid Trustee Fees $0
Excess Funds Released to Depositor $262,967
Total Distributions from Collection Account $21,821,102
Excess Funds Released to the Depositor
- ------------------------------------------------------------------------------------------------------------------------------------
Release from Reserve Account $0
Release from Collection Account $262,967
Total Excess Funds Released to the Depositor $262,967
Note Distribution Account
- ------------------------------------------------------------------------------------------------------------------------------------
Amount Deposited from the Collection Account $21,360,848
Amount Deposited from the Reserve Account $0
Amount Paid to Noteholders $21,360,848
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 $20,703,895 $181,208,536 $80.78 70.70%
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 $558,624 $2.18
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 27,798 26,770
Weighted Average Remaining Term 18.87 17.98
Weighted Average Annual Percentage Rate 4.61% 4.61%
Delinquencies Aging Profile End of Period Dollar Amount Percentage
Current $192,240,750 89.04%
1-29 days $17,898,016 8.29%
30-59 days $4,063,618 1.88%
60-89 days $784,428 0.36%
90-119 days $278,276 0.13%
120-149 days $641,818 0.30%
Total $215,906,905 100.00%
Delinquent Receivables +30 days past due $5,768,140 2.67%
Write-offs
Gross Principal Write-Offs for Current Period $68,397
Recoveries for Current Period $43,227
Net Write-Offs for Current Period $25,170
Cumulative Realized Losses $7,199,926
Repossessions Dollar Amount Units
Beginning Period Repossessed Receivables Balance $449,307 34
Ending Period Repossessed Receivables Balance $343,543 28
Principal Balance of 90+ Day Repossessed Vehicles $78,792 5
Yield Supplement Overcollateralization
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $1,309,437
Beginning Period Amount $1,309,437
Ending Period Required Amount $1,176,593
Current Period Release $132,844
Ending Period Amount $1,176,593
Next Distribution Date Required Amount $1,051,626
Reserve Account
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Period Required Amount $7,449,165
Beginning Period Amount $7,449,165
Net Investment Earnings $30,731
Current Period Deposit $0
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