| Delaware(State or other jurisdiction of incorporation or organization of the issuing entity)                                                 | 22-2013053(I.R.S. Employer Identification No.)  |
|---------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------|
| c/o BMW Financial Services NA, LLC300 Chestnut Ridge RoadWoodcliff Lake, NJ 07677(Address of principal executive offices of issuing entity)  |  07677(Zip Code)                           |

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| (a) | Item 5.  Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer .Purchases of Equity Securities. |
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| (b) | Item 6.  Selected Financial Data. |
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| (c) | Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
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| (d) | Item 7A.  Quantitative and Qualitative Disclosures About Market Risk. |
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| (e) | Item 8.  Financial Statements and Supplementary Data. |
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| (f) | Item 9.  Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. |
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| (g) | Item 9A.  Controls and Procedures. |
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| (a) | Item 10.  Directors, Executive Officers and Corporate Governance |
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| (b) | Item 11.  Executive Compensation |
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| (c) | Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
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| (d) | Item 13.  Certain Relationships and Related Transactions, and Director Independence |
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| (e) | Item 14.  Principal Accountant Fees and Services |
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|   |   BMW VEHICLE LEASE TRUST 2012-1(Issuing Entity) By:   BMW FINANCIAL SERVICES NA, LLC,         as servicer  By:   /s/ Joachim Hensel                                                                                       Name:  Joachim Hensel         Title:    Vice President – Finance & CFO                      (Senior officer in charge of the servicing function of                        BMW Financial Services NA, LLC) |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| 3.1 | Certificate of Formation of the BMW Auto Leasing LLC (the “Depositor”), as currently in effect, incorporated by reference to Amendment No. 2 to Registration Statement on Form S-1 (333-43128), filed with the SEC by the registrant on October 31, 2000. |
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| 3.2 | Amended and Restated Limited Liability Company Agreement of the Depositor, as amended and currently in effect, incorporated by reference to Amendment No. 2 to Registration Statement on Form S-1 (333-43128), filed with the SEC by the registrant on October 31, 2000. |
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| 3.3 | Agreement of Limited Partnership of BMW Manufacturing L.P. (“BMW LP”), dated as of February 12, 1996, between BMW Facility Partners, Inc. and BMW Financial Services NA, LLC (“BMW FS”), incorporated by reference to Amendment No. 2 to Registration Statement on Form S-1 (333-43128), filed with the SEC by the registrant on October 31, 2000. |
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| 4.1 | Indenture, dated as of April 26, 2012, between BMW Vehicle Lease Trust 2012-1 (the “Issuing Entity”) and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), incorporated by reference to Exhibit 4.1 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 10.2 | 2012-1 Vehicle Trust Supplement, dated as of April 26, 2012, between BMW LP, as grantor and UTI Beneficiary, and BNY Mellon Trust of Delaware (formerly known as The Bank of New York (Delaware)), as successor in interest to the Chase Manhattan Bank Delaware, as vehicle trustee, incorporated by reference to Exhibit 10.2 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 10.4 | 2012-1 Servicing Supplement, dated as of April 26, 2012, among BMW FS, as servicer and sponsor, Financial Services Vehicle Trust, as vehicle trust (“FSVT”), and BMW LP, as UTI Beneficiary, incorporated by reference to Exhibit 10.4 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012, to the Basic Servicing Agreement, dated as of August 30, 1995, between FSVT and BMW FS, as servicer, incorporated by reference to Amendment No. 2 to Registration Statement on Form S-1 (333-43128), filed with the SEC by the registrant on October 31, 2000. |
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| 10.5 | SUBI Certificate Transfer Agreement, dated as of April 26, 2012, between BMW LP, as transferor, and the Depositor, as transferee, incorporated by reference to Exhibit 10.5 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 10.6 | Issuer SUBI Certificate Transfer Agreement, dated as of April 26, 2012, between the Depositor, as transferor, and the Issuing Entity, as transferee, incorporated by reference to Exhibit 10.6 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 10.7 | Amended and Restated Trust Agreement, dated as of April 26, 2012, among the Depositor and Wilmington Trust, National Association, as owner trustee, incorporated by reference to Exhibit 10.7 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 10.8 | Issuer Administration Agreement, dated as of April 26, 2012, among BMW FS, as administrator, the Issuing Entity, the Depositor and the Indenture Trustee, incorporated by reference to Exhibit 10.8 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 10.9 | Back-Up Security Agreement, dated as of April 26, 2012, among FSVT, BMW LP, the Depositor, the Issuing Entity and the Indenture Trustee, incorporated by reference to Exhibit 10.9 to registrant's Form 8-K (File Number 333-166296-03) filed with the SEC by the registrant on April 26, 2012. |
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| 31.1* | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
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| 33.1* | Certification Regarding Assessment of Compliance with Applicable Servicing Criteria for BMW FS. |
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| 33.2* | Report on Assessment of Compliance with Applicable Servicing for U.S. Bank National Association. |
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| 34.1* | Report of Independent Registered Public Accounting Firm of CohnReznick LLP on Assessment of Compliance with Applicable Servicing Criteria relating to BMW FS. |
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| 34.2* | Report of Independent Registered Public Accounting Firm of Ernst & Young, LLP on Assessment of Compliance with Applicable Servicing for U.S. Bank National Association. |
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| 35.1* | Servicer Compliance Statement of BMW FS. |
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| * | Filed herewith. |
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