Internal








UNITED
STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549



FORM
10-K



(Mark
One)

|☒  |  | ANNUAL
    REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934    
|-- |  | --------------------------------------------------------------------------------------------
|   |  | For
    the fiscal year ended:  December 31, 2022                                           
|OR
|☐  |  | TRANSITION
    REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|   |  | For
    the transition period from _________ to _________                                   



Commission
File Number of Issuing Entity: 333-229783-06
Commission File Number of Depositor:333-229783



Mercedes-Benz
Auto Lease Trust 2021-B






(Exact
name of Issuing Entity as specified in its charter)
Central Index Key number of the Issuing Entity: 0001864833



Mercedes-Benz
Trust Leasing LLC






(Exact
name of Depositor as specified in its charter)
Central Index Key number of the Depositor: 0001537805



Mercedes-Benz
Financial Services USA LLC






(Exact
name of Sponsor as specified in its charter)
Central Index Key number of the Sponsor: 0001540252



|State
of Delaware                                                    |  | 87-6311410                              
|-------------------------------------------------------------------- |  | ----------------------------------------
|(State
    or Other Jurisdiction of Incorporation of issuing entity) |  | (I.R.S.
    Employer Identification No.)
|35555
W. Twelve Mile Rd., Suite 100, Farmington Hills, Michigan      |  | 48331                                   
|(Address
    of Principal Executive Offices of issuing entity)       |  | (Zip
    Code)                          



|(248)
991-6632                                                
|--------------------------------------------------------------
|(Telephone
    number, including area code, of issuing entity)



Securities
registered pursuant to Section 12(b) of the Act: None



Securities
registered pursuant to Section 12(g) of the Act: None



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒
No



Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
☐ Yes ☒ No



Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No



Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period
that the registrant was required to submit such files). ☒ Yes ☐ No



Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company” and "emerging growth company” in Rule 12b-2 of the Exchange Act. (Check
one):



|Large
    accelerated filer ☐ | Accelerated
    filer ☐ | Non-accelerated
    filer ☒ | 
|----------------------------- | ----------------------- | --------------------------- | 



Smaller
reporting company ☐ Emerging growth company ☐



If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Indicate
by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report. ☐



If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of
the registrant included in the filing reflect the correction of an error to previously issued financial statements.
☐



Indicate
by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to
§240.10D-1(b). ☐



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No



State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant’s most recently completed second fiscal quarter. Not applicable


















DOCUMENTS
INCORPORATED BY REFERENCE



List
hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II,
etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information
statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes (e.g., annual report to security holders for the fiscal
year ended December 24, 1980). None











Internal



PART
I



| | Item 1B. | Unresolved
                                         Staff Comments.
| | -------- | -------------------------------------------------------------------



Nothing
to report.



The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:



| | Item 1. | Business.
| | ------- | ---------



| | Item 1A. | Risk
                                         Factors.
| | -------- | ------------------------------------------------------



| | Item 2. | Properties.
| | ------- | -----------



| | Item 3. | Legal
                                         Proceedings.
| | ------- | -----------------------------------------------------------



| | Item
                          4. | Mine
                                         Safety Disclosures.
| | --------------------------------- | -----------------------------------------------------------------



PART
II



| | Item 9B. | Other
                                         Information.
| | -------- | -----------------------------------------------------------



Nothing
to report.



The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:



| | Item 5. | Market
                                         for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
                                         of Equity Securities.
| | ------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Item 6. | [Reserved]
| | ------- | ----------



| | Item 7. | Management’s
                                         Discussion and Analysis of Financial Condition and Results of Operations.
| | ------- | -------------------------------------------------------------------------------------------------------------------------------



| | Item 7A. | Quantitative
                                         and Qualitative Disclosures About Market Risk.
| | -------- | ----------------------------------------------------------------------------------------------------



| | Item 8. | Financial
                                         Statements and Supplementary Data.
| | ------- | -------------------------------------------------------------------------------------



| | Item 9. | Changes
                                         in and Disagreements with Accountants on Accounting and Financial Disclosure.
| | ------- | ------------------------------------------------------------------------------------------------------------------------------



| | Item 9A. | Controls
                                         and Procedures.
| | -------- | -----------------------------------------------------------------



| | Item
                          9C. | Disclosure
                                         Regarding Foreign Jurisdictions that Prevent Inspections.
| | ---------------------------------- | -------------------------------------------------------------------------------------------------------------



PART
III



The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:



| | Item 10. | Directors,
                                         Executive Officers and Corporate Governance.
| | -------- | ------------------------------------------------------------------------------------------------



| | Item 11. | Executive
                                         Compensation.
| | -------- | ----------------------------------------------------------------



| | Item 12. | Security
                                         Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
| | -------- | ----------------------------------------------------------------------------------------------------------------------------------------



| | Item 13. | Certain
                                         Relationships and Related Transactions, and Director Independence.
| | -------- | -------------------------------------------------------------------------------------------------------------------



| | Item 14. | Principal
                                         Accountant Fees and Services.
| | -------- | --------------------------------------------------------------------------------





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Internal



PURSUANT
TO GENERAL INSTRUCTION J(2) THE FOLLOWING SUBSTITUTE INFORMATION IS BEING PROVIDED IN THIS REPORT ON FORM 10-K:



Item 1112(b)
of Regulation AB. Significant Obligors of Pool Assets – Financial Information.



Nothing
to report.



Item 1114(b)(2)
of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments – Financial Information.



Nothing
to report.



Item 1115(b)
of Regulation AB. Certain Derivatives Instruments – Financial Information.



Nothing
to report.



Item 1117
of Regulation AB. Legal Proceedings.



There
are no legal proceedings pending, or any proceedings known to be contemplated by governmental authorities, against the Sponsor,
the Depositor, U.S. Bank Trust Company, National Association (the “Indenture Trustee”), Wilmington Trust, National
Association (the “Owner Trustee”), Mercedes-Benz Vehicle Trust (as successor by merger to Daimler Trust) (the “Titling
Trust”), Collateral Title Co. (f/k/a as Daimler Title Co.) (the “Collateral Agent”), the Issuing Entity, or
any other party contemplated by Item 1117 of Regulation AB or any property thereof, that are material to holders of the Asset
Backed Notes issued by the Issuing Entity (the “Notes”), except to the extent set forth below with respect to the
Indenture Trustee.



The
Indenture Trustee has provided the information contained in the following five paragraphs for purposes of compliance with Regulation
AB:



U.S.
Bank National Association (“U.S. Bank”) and other large financial institutions have been sued in their capacity as
trustee or successor trustee for certain residential mortgage backed securities ("RMBS") trusts. The complaints, primarily
filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors
as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for
these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees’ purported failures to enforce repurchase
obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported
events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard
of care following alleged events of default.



U.S.
Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions
were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting
the plaintiffs’ claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the
possible impact of these litigations on the trustee or the RMBS trusts.



On
March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the “DSTs”) that issued securities
backed by student loans (the “Student Loans”) filed a lawsuit in the Delaware Court of Chancery against U.S. Bank
National Association (“U.S. Bank”) in its capacities as indenture trustee and successor special servicer, and three
other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is
captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS
(Del. Ch.) (the “NCMSLT Action”). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed
as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing
of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S.
Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.





2







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U.S.
Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court
Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and
the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution
of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action
and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.



U.S.
Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer
in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious
defenses. It has contested and intends to continue contesting the plaintiffs’ claims vigorously.



Item 1119
of Regulation AB. Affiliations and Certain Relationships and Related Transactions.



The
Depositor is an affiliate of Mercedes-Benz Financial Services USA (“MBFS USA”), which acts as Sponsor, Servicer, Administrator
and Titling Trust Administrator. MBFS USA is the sole equity member of the Depositor. Mercedes-Benz Trust Holdings LLC (f/k/a
Daimler Trust Holdings LLC) (“Holdings”), the Initial Beneficiary of the Titling Trust, is also a wholly owned subsidiary
of MBFS USA. The Indenture Trustee is an affiliate of the Collateral Agent. Other than as set forth in the following four paragraphs,
there is not currently, and there was not during the past two years, any material business relationship, agreement, arrangement,
transaction or understanding that is or was entered into outside the ordinary course of business or is or was on terms other than
would be obtained in an arm’s length transaction with an unrelated third party, between any of the Titling Trust, Holdings,
MBFS USA or the Issuing Entity.



At
the time of the issuance of the Notes, Daimler Trust, a Delaware statutory trust (“DT”), acted as Titling Trust with
respect to this securitization transaction and, in that capacity, issued the 2021-B Exchange Note that collateralizes the Notes.
On January 31, 2023, DT entered into an Agreement of Merger (the “Merger Agreement”), dated as of January 31, 2023,
among DT, as the target trust, Mercedes-Benz Vehicle Trust, a Delaware statutory trust (“MBVT” and, together with
DT, the “Trusts”), as the surviving trust, BNY Mellon Trust of Delaware (“BNYM”), as trustee with respect
to each of the Trusts, and Holdings, as Initial Beneficiary of the each of the Trusts and as beneficial owner of the Specified
Interests in the Trusts. Under the Merger Agreement, effective at 11:00 p.m. eastern time on January 31, 2023 (the “Effective
Time”), DT was merged into MBVT, with MBVT continuing as the surviving entity of such merger. Pursuant to the Merger Agreement,
the trustee filed a certificate of merger (the “Certificate of Merger”) with respect to the merger with the Secretary
of State of the State of Delaware on January 31, 2023.



MBVT
was formed on March 15, 2022 and is organized under an Amended and Restated Trust Agreement, dated as of January 31, 2023 (the
“MBVT Titling Trust Agreement”), among Holdings, as Initial Beneficiary, BNYM, as trustee, and MBFS USA, as Titling
Trust Administrator. The primary business purpose of MBVT is to acquire leases and serve as record holder of title to vehicles
in connection with asset-backed securities securitizations sponsored by MBFS USA, and in so doing, continue the activities previously
conducted by DT in substantially the same manner but under the “Mercedes-Benz” name.



The
Merger Agreement provides that, at the Effective Time and at all times thereafter, MBVT shall be liable for all of the debts,
liabilities, obligations and duties of DT, each and all of which became debts, liabilities, obligations and duties of MBVT. Without
limiting the foregoing, MBVT expressly assumed all of DT’s obligations under the 2021-B Exchange Note issued pursuant to
the 2021-B Exchange Note Supplement, which collateralizes the Notes and each other exchange note outstanding at the Effective
Time including, in each case, the due and punctual payment of the principal of and interest and the performance and observance
of each and every agreement and covenant to be performed or observed by DT.



Under
the MBVT Titling Trust Agreement, Holdings, as Initial Beneficiary, has directed the issuance at the Effective Time of a separate
series of beneficial interest within MBVT within the meaning of Section 3806(b) of the Delaware Statutory Trust Act (a “Specified
Interest”) to be known as the “Mercedes-Benz Retail Specified Interest” as to which the assets as of the Effective
Time will consist of all assets previously allocated to the Daimler Retail Specified Interest issued under the DT Trust Agreement.
A UCC financing statement has been filed in Delaware by MBVT in favor of Collateral Title Co. (formerly known as Daimler Title
Co.), as Collateral Agent, to effect perfection of the security interest granted by MBVT in the leases and other related assets
of MBVT under the Collateral Agency Agreement.





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Item 1122
of Regulation AB. Compliance with Applicable Servicing Criteria.



Each
of the Sponsor, in its capacity as Servicer, and the Indenture Trustee (together with the Sponsor in its capacity as Servicer,
each, a “Servicing Participant”) has been identified by the registrant as a party participating in the servicing function
during the reporting period with respect to the pool assets held by the Issuing Entity. Each Servicing Participant has completed
a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a “Report
on Assessment”) as of December 31, 2022, and for the reporting period, which Reports on Assessment are attached as
Exhibits 33.1 and 33.2 to this report on Form 10-K. In addition, each Servicing Participant has provided an attestation report
(each, an “Attestation Report”) by a registered independent public accounting firm on its Report on Assessment. The
Attestation Reports are attached as Exhibits 34.1 and 34.2 to this report on Form 10-K. The Report on Assessment prepared
by the Indenture Trustee and the Attestation Report provided by the Indenture Trustee did not identify any material instances
of noncompliance with the servicing criteria applicable to the Indenture Trustee. The Report on Assessment prepared by the Servicer
and the Attestation Report provided by the Servicer did not identify any material instance of noncompliance with the servicing
criteria applicable to the Servicer.



Item 1123
of Regulation AB. Servicing Compliance Statement.



The
Servicer has completed a statement of compliance with its obligations under the applicable servicing agreement (a “Compliance
Statement”) signed by an authorized officer of the Servicer. The Compliance Statement is attached as Exhibit 35.1 to this
report on Form 10-K.



PART
IV



| | Item 15. | Exhibits
                                         and Financial Statement Schedules.
| | -------- | ------------------------------------------------------------------------------------



(a)         The
following documents are filed as part of this report



(1)       Not
applicable.



(2)       Not
applicable.



(3)       See
Item 15(b) below.



(b)         Exhibits
Required by Item 601 of Regulation S-K



|Exhibit
Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|1.1            | Underwriting Agreement, dated June 22, 2021, among Daimler Trust Leasing LLC, as Depositor, Mercedes-Benz Financial Services USA LLC, and J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and SG Americas Securities, LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on June 24, 2021, which is incorporated herein by reference).           
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|2.1            | Agreement of Merger, dated as of January 31, 2023, among Daimler Trust, as the target trust, Mercedes-Benz Vehicle Trust, as the surviving trust, BNY Mellon Trust of Delaware, as trustee, and Mercedes-Benz Trust Holdings LLC, as initial beneficiary and beneficial owner of the Specified Interests (included as Exhibit 2.1 to the Form 8 K of the Issuing Entity, as filed with the SEC on February 6, 2023, which is incorporated herein by reference).
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|2.2            | Assumption Agreement of Mercedes-Benz Vehicle Trust, dated as of January 31, 2023, among Mercedes-Benz Vehicle Trust, Mercedes-Benz Trust Holdings LLC, and Mercedes-Benz Financial Services USA LLC (included as Exhibit 2.2 to the Form 8 K of the Issuing Entity, as filed with the SEC on February 6, 2023, which is incorporated herein by reference).                                                                                                    





4







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|Exhibit
Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|3.1            | Certificate of Formation of Mercedes-Benz Trust Leasing LLC (f/k/a Daimler Trust Leasing LLC) (included in Exhibit 3.1 to the Registration Statement on Form SF-3, Nos. 333-265682 and 333-265682-01, as filed with the SEC on June 17, 2022, which is incorporated herein by reference).                                                                                                                                                                                                   
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|3.2            | Limited Liability Company Agreement of Daimler Trust Leasing LLC (included in Exhibit 3.2 to  the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).                                                                                                                                                                                                                            
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|3.5            | Trust Agreement of Mercedes-Benz Vehicle Trust, dated as of January 31, 2023, among Mercedes-Benz Trust Holdings LLC, as initial beneficiary, BNY Mellon Trust of Delaware, as trustee, and Mercedes-Benz Financial Services USA LLC, as titling trust administrator (included as Exhibit 3.5 to the Form 8 K of the Issuing Entity, as filed with the SEC on February 6, 2023, which is incorporated herein by reference).                                                                 
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|4.1            | Indenture, dated as of June 1, 2021, between the Issuing Entity and U.S. Bank National Association, as Indenture Trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                 
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|4.2            | Amended and Restated Trust Agreement, dated as of June 1, 2021, among Daimler Trust Leasing LLC, as Depositor, and Wilmington Trust, National Association, as Owner Trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                              
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|4.3            | Amended and Restated Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, as borrower, U.S. Bank Trust National Association, as administrative agent, Daimler Title Co., as collateral agent, and Mercedes-Benz Financial Services USA LLC, as lender and as servicer (included in Exhibit 4.3 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|4.4            | 2021-B Exchange Note Supplement, dated as of June 1, 2021, among Daimler Trust, as borrower, U.S. Bank Trust National Association, as administrative agent, Daimler Title Co., as collateral agent, and Mercedes-Benz Financial Services USA LLC, as lender and as servicer (included in Exhibit 4.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                              
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|10.1           | First-Tier Sale Agreement, dated as of June 1, 2021, between Mercedes-Benz Financial Services USA LLC, as seller, and Daimler Trust Leasing LLC, as purchaser (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                                           
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|10.2           | Second-Tier Sale Agreement, dated as of June 1, 2021, between Daimler Trust Leasing LLC, as seller, and the Issuing Entity, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                                                                
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|10.3           | Amended and Restated Servicing Agreement, dated as of March 1, 2009, among Mercedes-Benz Financial Services USA LLC, as servicer and as lender, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent (included in Exhibit 10.3 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).                                                                 





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|Exhibit
Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|10.4           | 2021-B Servicing Supplement, dated as of June 1, 2021, among Mercedes-Benz Financial Services USA LLC, as servicer and as lender, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent (included in Exhibit 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                             
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|10.5           | Asset Representations Review Agreement, dated as of June 1, 2021, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.5 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                          
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|31.1           | Certification
    of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d)   (Section 302
    Certification).                                                                                                                                                                                                                                                                                           
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|33.1           | Report
    on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.                                                                                                                                                                                                                                                                                                                     
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|33.2           | Report
    on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as
    Indenture Trustee.                                                                                                                                                                                                                                                                                        
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|34.1           | Attestation
    Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services
    USA LLC, as Servicer.                                                                                                                                                                                                                                                                       
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|34.2           | Attestation
    Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank
    Trust Company, National Association, as Indenture Trustee.                                                                                                                                                                                                                                               
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|35.1           | Servicer
    Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.                                                                                                                                                                                                                                                                                                                                                   
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|99.1           | Intercreditor Agreement, dated as of August 1, 2007, among Mercedes-Benz Financial Services USA LLC, Daimler Trust, Daimler Trust Holdings LLC, and the other persons becoming party thereto from time to time pursuant to a Joinder Agreement (included in Exhibit 99.1 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|99.2           | 2021-B Collateral Account Control Agreement, dated as of June 1, 2021, between the Issuing Entity and U.S. Bank National Association, as assignee-secured party and as securities intermediary (included in Exhibit 99.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                            
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|99.3           | Titling Trust Account Control Agreement, dated as of June 1, 2021, between Daimler Trust and U.S. Bank National Association, as assignee-secured party and as securities intermediary (included in Exhibit 99.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                     
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|99.4           | 2021-B Administration Agreement, dated as of June 1, 2021, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as Administrator, and U.S. Bank National Association, as Indenture Trustee (included in Exhibit 99.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                 



(c)         Not
applicable.



Item
16.               Form 10-K Summary.



Not
included.



SUPPLEMENTAL
INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES
PURSUANT TO SECTION 12 OF THE ACT.





6







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No
annual report to security holders, proxy statement, form of proxy or other proxy soliciting material has been sent to any security
holders or is presently anticipated to be furnished to security holders subsequent to the filing of this annual report on Form 10-K.



7







Internal



SIGNATURES



Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.



| |                                                                                |                                                                                   |                                                            
| | ------------------------------------------------------------------------------ | --------------------------------------------------------------------------------- | -----------------------------------------------------------
| | Mercedes-Benz
                                         Auto Lease Trust 2021-B
| | (Issuing
               Entity)                                               
| |                                                                                |                                                                                   |                                                            
| | By:                                                                            | Mercedes-Benz
                                         Financial Services USA LLC
| |                                                                                | (Servicer)                                                                       
| |                                                                                |                                                                                   |                                                            
| |                                                                                | By:                                                                               | /s/
    Brian T. Stevens                                   
| |                                                                                |                                                                                   | Name: Brian T. Stevens                                     
| |                                                                                |                                                                                   | Title: Vice President and Controller (senior
    officer in
| |                                                                                |                                                                                   | charge of the servicing function for the Servicer)         



Dated:
March 16, 2023



8






EXHIBIT
INDEX



|Exhibit
Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.1            | Underwriting Agreement, June 22, 2021, among Daimler Trust Leasing LLC, as Depositor, Mercedes-Benz Financial Services USA LLC, and J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and SG Americas Securities, LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on June 24, 2021, which is incorporated herein by reference).                 
|2.1            | Agreement of Merger, dated as of January 31, 2023, among Daimler Trust, as the target trust, Mercedes-Benz Vehicle Trust, as the surviving trust, BNY Mellon Trust of Delaware, as trustee, and Mercedes-Benz Trust Holdings LLC, as initial beneficiary and beneficial owner of the Specified Interests (included as Exhibit 2.1 to the Form 8 K of the Issuing Entity, as filed with the SEC on February 6, 2023, which is incorporated herein by reference).
|2.2            | Assumption Agreement of Mercedes-Benz Vehicle Trust, dated as of January 31, 2023, among Mercedes-Benz Vehicle Trust, Mercedes-Benz Trust Holdings LLC, and Mercedes-Benz Financial Services USA LLC (included as Exhibit 2.2 to the Form 8 K of the Issuing Entity, as filed with the SEC on February 6, 2023, which is incorporated herein by reference).                                                                                                    
|3.1            | Certificate of Formation of Mercedes-Benz Trust Leasing LLC (f/k/a Daimler Trust Leasing LLC)  (included in Exhibit 3.2 to  the Registration Statement on Form SF-3, Nos. 333-265682 and 333-265682-01, as filed with the SEC on June 17, 2022, which is incorporated herein by reference).                                                                                                                                                                    
|3.2            | Limited Liability Company Agreement of Daimler Trust Leasing LLC (included in Exhibit 3.2 to  the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).                                                                                                                                                                                               
|3.3            | Second Amended and Restated Trust Agreement, dated as of April 1, 2008, of Daimler Trust, among Mercedes-Benz Financial Services USA LLC, Daimler Trust Holdings LLC, as initial beneficiary and BNY Mellon Trust of Delaware, as trustee (included in Exhibit 3.3 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).                       
|3.4            | Amendment to Second Amended and Restated Trust Agreement of Daimler Trust, dated as of March 1, 2009, among Mercedes-Benz Financial Services USA LLC, Daimler Trust Holdings LLC and BNY Mellon Trust of Delaware, as trustee (included in Exhibit 3.4 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).                                   
|3.5            | Trust Agreement of Mercedes-Benz Vehicle Trust, dated as of January 31, 2023, among Mercedes-Benz Trust Holdings LLC, as initial beneficiary, BNY Mellon Trust of Delaware, as trustee, and Mercedes-Benz Financial Services USA LLC, as titling trust administrator (included as Exhibit 3.5 to the Form 8 K of the Issuing Entity, as filed with the SEC on February 6, 2023, which is incorporated herein by reference).                                    
|4.1            | Indenture, dated as of June 1, 2021, between the Issuing Entity and U.S. Bank National Association, as Indenture Trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                                                    















|Exhibit
Number | Description
|-------------- | -----------

|4.2  | Amended and Restated Trust Agreement, dated as of June 1, 2021, among Daimler Trust Leasing LLC, as Depositor, and Wilmington Trust, National Association, as Owner Trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                              
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4.3  | Amended and Restated Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, as borrower, U.S. Bank Trust National Association, as administrative agent, Daimler Title Co., as collateral agent, and Mercedes-Benz Financial Services USA LLC, as lender and as servicer (included in Exhibit 4.3 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).
|4.4  | 2021-B Exchange Note Supplement, dated as of June 1, 2021, among Daimler Trust, as borrower, U.S. Bank Trust National Association, as administrative agent, Daimler Title Co., as collateral agent, and Mercedes-Benz Financial Services USA LLC, as lender and as servicer (included in Exhibit 4.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                              
|10.1 | First-Tier Sale Agreement, dated as of June 1, 2021, between Mercedes-Benz Financial Services USA LLC, as seller, and Daimler Trust Leasing LLC, as purchaser (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                                           
|10.2 | Second-Tier Sale Agreement, dated as of June 1, 2021, between Daimler Trust Leasing LLC, as seller, and the Issuing Entity, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                                                                                                
|10.3 | Amended and Restated Servicing Agreement, dated as of March 1, 2009, among Mercedes-Benz Financial Services USA LLC, as servicer and as lender, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent (included in Exhibit 10.3 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).                                                                 
|10.4 | 2021-B Servicing Supplement, dated as of June 1, 2021, among Mercedes-Benz Financial Services USA LLC, as servicer and as lender, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent (included in Exhibit 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                                           
|10.5 | Asset Representations Review Agreement, dated as of June 1, 2021, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.5 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                        
|31.1 | Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).                                                                                                                                                                                                                                                                                                                                                   













|Exhibit
Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|33.1           | Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.                                                                                                                                                                                                                                                                                                                         
|33.2           | Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.                                                                                                                                                                                                                                                                                                
|34.1           | Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.                                                                                                                                                                                                                                                                               
|34.2           | Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.                                                                                                                                                                                                                                                       
|35.1           | Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.                                                                                                                                                                                                                                                                                                                                                       
|99.1           | Intercreditor Agreement, dated as of August 1, 2007, among Mercedes-Benz Financial Services USA LLC, Daimler Trust, Daimler Trust Holdings LLC, and the other persons becoming party thereto from time to time pursuant to a Joinder Agreement (included in Exhibit 99.1 to the Registration Statement on Form S-3, Nos. 333-178761 and 333-178761-01, as filed with the SEC on December 27, 2011, which is incorporated herein by reference).
|99.2           | 2021-B Collateral Account Control Agreement, dated as of June 1, 2021, between the Issuing Entity and U.S. Bank National Association, as assignee-secured party and as securities intermediary (included in Exhibit 99.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                            
|99.3           | Titling Trust Account Control Agreement, dated as of June 1, 2021, between Daimler Trust and U.S. Bank National Association, as assignee-secured party and as securities intermediary (included in Exhibit 99.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).                                                                                                     
|99.4           | 2021-B Administration Agreement, dated as of June 1, 2021, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as Administrator, and U.S. Bank National Association, as Indenture Trustee (included in Exhibit 99.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on July 1, 2021, which is incorporated herein by reference).