**EXHIBIT 99.3**                                   **Volkswagen Auto Lease Trust 2005-A**                **SERVICER CERTIFICATE**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:** **For the Annual Collection Period ended December 2005**  **February-05**  **March-05**  **April-05**  **May-05**  **June-05**   ***SUMMARY***                            ***Initial Balance***  ***Ending Balance***  ***Note Factor***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***   Class A-1 Notes  425,000,000.00   —   —   74,244,777.11   33,870,898.01   42,922,711.21   31,716,972.65   29,473,795.43   Class A-2 Notes  420,000,000.00   335,660,250.37   0.7991911   —   —   —   —   —   Class A-3 Notes  485,000,000.00   485,000,000.00   1.0000000   —   —   —   —   —   Class A-4 Notes  170,000,000.00   170,000,000.00   1.0000000   —   —   —   —   —   Certificates  185,393,258.00   185,393,258.00   1.0000000   —   —   —   —   —        **Total** **$****1,685,393,258.00**  **$****1,176,053,508.37**      **$****74,244,777.11**  **$****33,870,898.01**  **$****42,922,711.21**  **$****31,716,972.65**  **$****29,473,795.43**                                                                  **Total Sec. Value** **$****1,685,393,258.00**  **$****1,209,761,374.37**                                                                                               ***Coupon Rate***  ***Interest Payment***  ***Interest Payment***  ***Interest Payment***  ***Interest Payment***  ***Interest Payment***                                Class A-1 Notes          2.9850%  634,312.50   872,503.62   788,249.76   704,195.50   602,583.54   Class A-2 Notes          3.5200%  739,200.00   1,232,000.00   1,232,000.00   1,232,000.00   1,232,000.00   Class A-3 Notes          3.8200%  926,350.00   1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   Class A-4 Notes          3.9400%  334,900.00   558,166.67   558,166.67   558,166.67   558,166.67        **Total**              **2,634,762.50**   **4,206,586.95**   **4,122,333.09**   **4,038,278.83**   **3,936,666.88**                                           ***COLLECTIONS AND AVAILABLE FUNDS***                       Lease Payments Received  64,411,085.63   30,039,978.74   36,299,576.16   27,447,687.13   26,208,542.86   Sales Proceeds — Early Terminations  15,251,517.74   9,245,344.54   11,889,586.73   12,020,896.40   9,494,276.53   Sales Proceeds — Scheduled Terminations  —   —   —   843,062.99   3,062,125.47   Security Deposits for Terminated Accounts  30,925.00   21,800.00   36,550.00   43,250.00   27,224.00   Excess Wear and Tear Received  —   —   2,649.74   10,132.13   12,749.03   Excess Mileage Charges Received  —   412.00   10,045.25   29,528.65   56,434.88   Other Recoveries Received  —   6,485.00   41,931.00   77,673.81   69,802.00        **Subtotal: Total Collections**  79,693,528.37   39,314,020.28   48,280,338.88   40,472,231.11   38,931,154.77        Repurchase Payments  —   —   —   —   —   Postmaturity Term Extension  —   —   —   153,973.31   925,707.20   Investment Earnings on Collection Account  —   126,943.93   105,046.04   112,229.65   103,786.42        **Total Available Funds, prior to Servicer Advances**  79,693,528.37   39,440,964.21   48,385,384.92   40,738,434.07   39,960,648.39        Servicer Advance  —   —   —   —   —        **Total Available Funds**  79,693,528.37   39,440,964.21   48,385,384.92   40,738,434.07   39,960,648.39        Reserve Account Draw  —   —   —   —   —        **Available for Distribution**  79,693,528.37   39,440,964.21   48,385,384.92   40,738,434.07   39,960,648.39                                           ***DISTRIBUTIONS***                       Payment Date Advance Reimbursement  —   —   —   —   —   Servicing Fee:                      Servicing Fee Shortfall from Prior Periods  —   —   —   —   —   Servicing Fee Due in Current Period  2,808,988.76   1,358,479.25   1,335,340.62   1,305,336.15   1,280,288.14   Servicing Fee Shortfall  —   —   —   —   —   Administration Fee                      Administration Fee Shortfall from Prior Periods  —   —   —   —   —   Administration Fee Due in Current Period  5,000.00   5,000.00   5,000.00   5,000.00   5,000.00   Administration Fee Shortfall  —   —   —   —   —   Interest Paid to Noteholders                      Interest Shortfall from Prior Periods Class A-1 Notes  —   —   —   —   —   Interest Shortfall from Prior Periods Class A-2 Notes  —   —   —   —   —   Interest Shortfall from Prior Periods Class A-3 Notes  —   —   —   —   —   Interest Shortfall from Prior Periods Class A-4 Notes  —   —   —   —   —   Interest Due in Current Period Class A-1 Notes  634,312.50   872,503.62   788,249.76   704,195.50   602,583.54   Interest Due in Current Period Class A-2 Notes  739,200.00   1,232,000.00   1,232,000.00   1,232,000.00   1,232,000.00   Interest Due in Current Period Class A-3 Notes  926,350.00   1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   Interest Due in Current Period Class A-4 Notes  334,900.00   558,166.67   558,166.67   558,166.67   558,166.67   Interest Shortfall Class A-1 Notes  —   —   —   —   —   Interest Shortfall Class A-2 Notes  —   —   —   —   —   Interest Shortfall Class A-3 Notes  —   —   —   —   —   Interest Shortfall Class A-4 Notes  —   —   —   —   —   First Priority Principal Distribution Amount  —   —   —   —   —   Amount Paid to Reserve Account to Reach Specified Balance  —   —   —   —   —   Regular Principal Paid to Noteholders  74,244,777.11   33,870,898.01   42,922,711.21   31,716,972.65   29,473,795.43   Other Amounts paid to Trustees  —   —   —   —   —        **Remaining Available Funds**  **—**   —   —   3,672,846.44   5,264,897.94      
 

 
**EXHIBIT 99.3**                            **Volkswagen Auto Lease Trust 2005-A**               **SERVICER CERTIFICATE** **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:** **For the Annual Collection Period ended December 2005** **February-05**  **March-05**  **April-05**  **May-05**  **June-05**    ***CALCULATIONS***                       **Calculation of First Priority Principal Distribution Amount:**                      Outstanding Principal Amount of the Notes (Beg. Of Collection Period)  1,500,000,000.00   1,425,755,222.89   1,391,884,324.88   1,348,961,613.67   1,317,244,641.02   Less: Aggregate Securitization Value (End of Collection Period)  (1,630,175,094.69)  (1,602,408,747.68)  (1,566,403,375.13)  (1,536,345,765.02)  (1,506,871,969.59)       **First Priority Principal Distribution Amount (not less than zero)**  —   —   —   —   —                               **Calculation of Regular Principal Distribution Amount:**                      Outstanding Principal Amount of the Notes (Beg. Of Collection Period)  1,500,000,000.00   1,425,755,222.89   1,391,884,324.88   1,348,961,613.67   1,317,244,641.02   Less: First Priority Principal Distribution Amount  —   —   —   —   —   Less: Targeted Note Balance  (1,411,073,970.69)  (1,383,307,623.68)  (1,347,302,251.13)  (1,317,244,641.02)  (1,287,770,845.59)       **Regular Principal Distribution Amount**  88,926,029.31   42,447,599.21   44,582,073.75   31,716,972.65   29,473,795.43                               **Calculation of Targeted Note Balance:**                      Aggregate Securitization Value (End of Collection Period)  1,630,175,094.69   1,602,408,747.68   1,566,403,375.13   1,536,345,765.02   1,506,871,969.59   Less: Targeted Overcollateralization Amount (13% of Initial Securitization Value)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)       **Targeted Note Balance**  1,411,073,970.69   1,383,307,623.68   1,347,302,251.13   1,317,244,641.02   1,287,770,845.59                               **Calculation of Servicer Advance:**                      Available Funds, prior to Servicer Advances  79,693,528.37   39,440,964.21   48,385,384.92   40,738,434.07   39,960,648.39   Less: Payment Date Advance Reimbursement  —   —   —   —   —   Less: Servicing Fees Paid  2,808,988.76   1,358,479.25   1,335,340.62   1,305,336.15   1,280,288.14   Less: Administration Fees Paid  5,000.00   5,000.00   5,000.00   5,000.00   5,000.00   Less: Interest Paid to Noteholders  2,634,762.50   4,206,586.95   4,122,333.09   4,038,278.83   3,936,666.88   Less: 1st Priority Principal Distribution  —   —   —   —   —        Equals: Remaining Available Funds before Servicer Advance (If < 0, Available Funds Shortfall)  74,244,777.11   33,870,898.01   42,922,711.21   35,389,819.09   34,738,693.37   Monthly Lease Payments Due on Included Units but not received  N/A   N/A   N/A   N/A   N/A        **Servicer Advance**  —   —   —   —   —                               Total Available Funds after Servicer Advance  74,244,777.11   33,870,898.01   42,922,711.21   35,389,819.09   34,738,693.37        **Reserve Account Draw Amount**  —   —   —   —   —                               **Reconciliation of Servicer Advance:**                      Beginning Balance of Servicer Advance  —   —   —   —   —   Payment Date Advance Reimbursement  —   —   —   —   —   Additional Payment Advances for current period  —   —   —   —   —        Ending Balance of Payment Advance  —   —   —   —   —                               ***RESERVE ACCOUNT***                       **Reserve Account Balances:**                      Specified Reserve Account Balance  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   Initial Reserve Account Balance  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58                          Beginning Reserve Account Balance  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   Plus:  Net Investment Income for the Collection Period  —   33,969.92   37,677.68   41,446.60   41,811.46        Subtotal:  Reserve Fund Available for Distribution  16,853,932.58   16,887,902.50   16,891,610.26   16,895,379.18   16,895,744.04   Plus:  Deposit of Excess Available Funds  —   —   —   —   —   Less:  Reserve Account Draw Amount  —   —   —   —   —        Subtotal Reserve Account Balance  16,853,932.58   16,887,902.50   16,891,610.26   16,895,379.18   16,895,744.04   Less: Excess Reserve Account Funds to Transferor  —   33,969.92   37,677.68   41,446.60   41,811.46        **Equals: Ending Reserve Account Balance**  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58                               **Change in Reserve Account Balance from Immediately Preceding Payment Date**  —   —   —   —   —                          Current Period Net Residual Losses: ***Amounts***  ***Amounts***  ***Amounts***  ***Amounts***  ***Amounts***                     Aggregate Securitization Value for Scheduled Terminated Units  —   —   —   912,679.34   3,235,452.13   Less: Sales Proceeds for Current Month Scheduled Terminations  —   —   —   (849,562.99)  (3,070,900.47)  Less: Sales Proceeds/Recoveries for Prior Month Scheduled Terminations  —   —   —   —   (944.00)  Less: Excess Wear and Tear Received  —   —   —   (10,132.13)  (12,749.03)  Less: Excess Mileage Received  —   —   —   (29,528.65)  (56,434.88)       **Current Period Net Residual Losses/(Gains)**  —   —   —   23,455.57   94,423.75        Cumulative Net Residual Losses:                      Beginning Cumulative Net Residual Losses  —   —   —   —   23,455.57   Current Period Net Residual Losses  —   —   —   23,455.57   94,423.75        Ending Cumulative Net Residual Losses  —   —   —   23,455.57   117,879.32        **Cumulative Net Residual Losses/(Gains) % of Aggregate Initial Securitization Value**  0.00%  0.00%  0.00%  0.00%  0.01%     
 

 
**EXHIBIT 99.3**                                **Volkswagen Auto Lease Trust 2005-A**                **SERVICER CERTIFICATE**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:** **For the Annual Collection Period ended December 2005**  **February-05**  **March-05**  **April-05**  **May-05**  **June-05**    ***POOL STATISTICS***  **Initial**                        **Collateral Pool Balance Data**                          Aggregate Securitization Value  1,685,393,258   1,630,175,095   1,602,408,748   1,566,403,375   1,536,345,765   1,506,871,970   Number of Current Contracts  72,157   71,507   71,095   70,539   69,925   69,249   Weighted Average Lease Rate  3.59%  3.58%  3.57%  3.61%  3.55%  3.54%  Average Remaining Term  27.48   25.47   23.86   24.25   21.94   21.14   Average Original Term  42.98   42.97   42.96   43.61   42.95   42.95   Monthly Prepayment Speed      82.81%  81.14%  98.00%  96.32%  89.89%                                   ***Securitization Value***  ***Securitization Value***  ***Securitization Value***  ***Securitization Value***  ***Securitization Value***                         Pool Balance (Securitization Value) - Beginning of Period  1,685,393,259   1,630,175,095   1,602,408,748   1,566,403,375   1,536,345,765   Depreciation/Payments      (40,939,759)  (19,068,636)  (24,419,958)  (17,231,483)  (15,985,245)  Gross Credit Losses      (18,127)  (119,246)  (644,371)  (550,645)  (576,494)  Early Terminations      (14,260,279)  (8,578,464)  (10,941,043)  (11,208,829)  (8,750,897)  Scheduled Terminations      —   —   —   (912,679)  (3,235,452)  Repurchase/Reallocation      —   —   —   (153,973)  (925,707)       **Pool Balance - End of Period**      1,630,175,095   1,602,408,748   1,566,403,375   1,536,345,765   1,506,871,970                                   **Delinquencies AgingProfile — End of Period Securitization Value**                      Current      1,621,476,424   1,594,787,424   1,555,586,030   1,525,533,601   1,494,182,100   31 - 90 Days Delinquent      8,512,491   6,743,998   9,722,670   9,775,516   11,660,725   90+ Days Delinquent      186,180   877,326   1,094,676   1,036,648   1,029,145        **Total**      1,630,175,095   1,602,408,748   1,566,403,375   1,536,345,765   1,506,871,970                                   **Credit Losses:**                          Aggregate Securitization Value on charged-off units  18,127   119,246   644,371   550,645   576,494   Aggregate Liquidation Proceeds on charged-off units  (476)  (69,536)  (445,017)  (388,946)  (378,837)  Recoveries on charged-off units      —   —   —   —   —        **Current Period Aggregate Net Credit Losses/(Gains)**  17,651   49,710   199,354   161,699   197,657                                   Cumulative Net Credit Losses:                          Beginning Cumulative Net Credit Losses      —   17,651   67,361   266,716   428,415   Current Period Net Credit Losses      17,651   49,710   199,354   161,699   197,657        **Ending Cumulative Net Credit Losses**      17,651   67,361   266,716   428,415   626,072        **Cumulative Net Credit Losses/(Gains) as a % of Aggregate Initial Sec. Value**  0.00%  0.00%  0.02%  0.03%  0.04%     
 

 
     **EXHIBIT 99.3**                                           **Volkswagen Auto Lease Trust 2005-A**                      **SERVICER CERTIFICATE**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period**  **Collection Period**  **Collection Period Ended:**    **For the Annual Collection Period ended December 2005**  **July-05**  **August-05**  **September-05**  **October-05**  **November-05**  **December-05**  **TOTALS**   ***SUMMARY***                                            ***Initial Balance***  ***Ending Balance***  ***Note Factor***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***  ***Principal Pmt (Regular)***   Class A-1 Notes  425,000,000.00   —   —   48,815,866.55   44,528,560.32   63,520,251.02   46,470,387.23   9,435,780.47   —   425,000,000.00   Class A-2 Notes  420,000,000.00   335,660,250.37   0.7991911   —   —   —   —   32,852,146.70   51,487,602.93   84,339,749.63   Class A-3 Notes  485,000,000.00   485,000,000.00   1.0000000   —   —   —   —   —   —   —   Class A-4 Notes  170,000,000.00   170,000,000.00   1.0000000   —   —   —   —   —   —   —   Certificates  185,393,258.00   185,393,258.00   1.0000000   —   —   —   —   —   —   —        **Total** **$****1,685,393,258.00**  **$****1,176,053,508.37**      **$****48,815,866.55**  **$****44,528,560.32**  **$****63,520,251.02**  **$****46,470,387.23**  **$****42,287,927.17**  **$****51,487,602.93**  **$****509,339,749.63**                                                                                  **Total Sec. Value** **$****1,685,393,258.00**  **$****1,209,761,374.37**                                                                                                                      ***Coupon Rate***  ***Interest Payment*** ***Interest Payment***  ***Interest Payment***  ***Interest Payment***  ***Interest Payment***  ***Interest Payment***  ***Interest Payment***                                      Class A-1 Notes          2.9850%  582,194.23   394,243.41   297,073.22   148,337.70   22,689.12   —   5,046,382.59   Class A-2 Notes          3.5200%  1,232,000.00   1,232,000.00   1,232,000.00   1,232,000.00   1,232,000.00   1,135,633.70   12,962,833.70   Class A-3 Notes          3.8200%  1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   16,365,516.67   Class A-4 Notes          3.9400%  558,166.67   558,166.67   558,166.67   558,166.67   558,166.67   558,166.67   5,916,566.67        **Total**              **3,916,277.56**   **3,728,326.74**   **3,631,156.55**   **3,482,421.03**   **3,356,772.45**   **3,237,717.04**   **40,291,299.63**                                                   ***COLLECTIONS AND AVAILABLE FUNDS***                               Lease Payments Received  33,878,026.56   24,775,688.39   29,887,596.91   23,545,003.16   22,194,984.46   22,652,045.56   341,340,215.56   Sales Proceeds — Early Terminations  16,391,808.09   12,659,553.22   14,644,216.97   11,239,713.80   9,874,233.60   11,206,475.67   133,917,623.29   Sales Proceeds — Scheduled Terminations  7,661,252.27   13,635,606.36   23,310,381.76   14,579,953.61   14,634,311.45   21,011,135.32   98,737,829.23   Security Deposits for Terminated Accounts  73,700.00   86,750.00   112,775.00   85,949.00   78,763.30   111,724.00   709,410.30   Excess Wear and Tear Received  48,665.22   64,938.61   70,505.43   90,620.84   77,763.79   105,627.48   483,652.27   Excess Mileage Charges Received  131,909.74   155,620.15   145,541.09   209,052.53   169,074.84   198,738.61   1,106,357.74   Other Recoveries Received  95,755.70   66,411.95   175,235.74   417,443.98   844,042.34   1,840,589.52   3,635,371.04        **Subtotal: Total Collections**  58,281,117.58   51,444,568.68   68,346,252.90   50,167,736.92   47,873,173.78   57,126,336.16   579,930,459.43        Repurchase Payments  —   —   —   —   —   —   —   Postmaturity Term Extension  1,312,428.70   1,424,799.17   2,307,005.21   2,181,498.20   —   —   8,305,411.79   Investment Earnings on Collection Account  137,487.36   169,488.70   171,636.02   191,161.61   174,709.69   224,380.63   1,516,870.05        **Total Available Funds, prior to Servicer Advances**  59,731,033.64   53,038,856.55   70,824,894.13   52,540,396.73   48,047,883.47   57,350,716.79   589,752,741.27        Servicer Advance  —   —   —   —   —   —   —        **Total Available Funds**  59,731,033.64   53,038,856.55   70,824,894.13   52,540,396.73   48,047,883.47   57,350,716.79   589,752,741.27        Reserve Account Draw  —   —   —   —   —   —   —        **Available for Distribution**  59,731,033.64   53,038,856.55   70,824,894.13   52,540,396.73   48,047,883.47   57,350,716.79   589,752,741.27                                                   ***DISTRIBUTIONS***                               Payment Date Advance Reimbursement  —   —   —   —   —   —   —   Servicing Fee:                              Servicing Fee Shortfall from Prior Periods  —   —   —   —   —   —   —   Servicing Fee Due in Current Period  1,255,726.64   1,215,046.75   1,177,939.62   1,125,006.08   1,086,280.75   1,051,040.81   14,999,473.57   Servicing Fee Shortfall  —   —   —   —   —   —   —   Administration Fee                              Administration Fee Shortfall from Prior Periods  —   —   —   —   —   —   —   Administration Fee Due in Current Period  5,000.00   5,000.00   5,000.00   5,000.00   5,000.00   5,000.00   55,000.00   Administration Fee Shortfall  —   —   —   —   —   —   —   Interest Paid to Noteholders                              Interest Shortfall from Prior Periods Class A-1 Notes  —   —   —   —   —   —   —   Interest Shortfall from Prior Periods Class A-2 Notes  —   —   —   —   —   —   —   Interest Shortfall from Prior Periods Class A-3 Notes  —   —   —   —   —   —   —   Interest Shortfall from Prior Periods Class A-4 Notes  —   —   —   —   —   —   —   Interest Due in Current Period Class A-1 Notes  582,194.23   394,243.41   297,073.22   148,337.70   22,689.12   —   5,046,382.59   Interest Due in Current Period Class A-2 Notes  1,232,000.00   1,232,000.00   1,232,000.00   1,232,000.00   1,232,000.00   1,135,633.70   12,962,833.70   Interest Due in Current Period Class A-3 Notes  1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   1,543,916.67   16,365,516.67   Interest Due in Current Period Class A-4 Notes  558,166.67   558,166.67   558,166.67   558,166.67   558,166.67   558,166.67   5,916,566.67   Interest Shortfall Class A-1 Notes  —   —   —   —   —   —   —   Interest Shortfall Class A-2 Notes  —   —   —   —   —   —   —   Interest Shortfall Class A-3 Notes  —   —   —   —   —   —   —   Interest Shortfall Class A-4 Notes  —   —   —   —   —   —   —   First Priority Principal Distribution Amount  —   —   —   —   —   —   —   Amount Paid to Reserve Account to Reach Specified Balance  —   —   —   —   —   —   —   Regular Principal Paid to Noteholders  48,815,866.55   44,528,560.32   63,520,251.02   46,470,387.23   42,287,927.17   51,487,602.93   509,339,749.63   Other Amounts paid to Trustees  —   —   —   —   —   —   —        **Remaining Available Funds**  5,738,162.89   3,561,922.73   2,490,546.94   1,457,582.39   1,311,903.09   1,569,356.01   25,067,218.45      
 

 
     **EXHIBIT 99.3**                               **Volkswagen Auto Lease Trust 2005-A**                     **SERVICER CERTIFICATE** **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period**  **Collection Period**  **Collection Period Ended:**    **For the Annual Collection Period ended December 2005** **July-05**  **August-05**  **September-05**  **October-05**  **November-05**  **December-05**  **TOTALS**    ***CALCULATIONS***                               **Calculation of First Priority Principal Distribution Amount:**                              Outstanding Principal Amount of the Notes (Beg. Of Collection Period)  1,287,770,845.59   1,238,954,979.04   1,194,426,418.72   1,130,906,167.70   1,084,435,780.47   1,042,147,853.30       Less: Aggregate Securitization Value (End of Collection Period)  (1,458,056,103.04)  (1,413,527,542.72)  (1,350,007,291.70)  (1,303,536,904.47)  (1,261,248,977.30)  (1,209,761,374.37)           **First Priority Principal Distribution Amount (not less than zero)**  —   —   —   —   —   —   —                                       **Calculation of Regular Principal Distribution Amount:**                              Outstanding Principal Amount of the Notes (Beg. Of Collection Period)  1,287,770,845.59   1,238,954,979.04   1,194,426,418.72   1,130,906,167.70   1,084,435,780.47   1,042,147,853.30       Less: First Priority Principal Distribution Amount  —   —   —   —   —   —       Less: Targeted Note Balance  (1,238,954,979.04)  (1,194,426,418.72)  (1,130,906,167.70)  (1,084,435,780.47)  (1,042,147,853.30)  (990,660,250.37)           **Regular Principal Distribution Amount**  48,815,866.55   44,528,560.32   63,520,251.02   46,470,387.23   42,287,927.17   51,487,602.93   534,257,065.57                                       **Calculation of Targeted Note Balance:**                              Aggregate Securitization Value (End of Collection Period)  1,458,056,103.04   1,413,527,542.72   1,350,007,291.70   1,303,536,904.47   1,261,248,977.30   1,209,761,374.37       Less: Targeted Overcollateralization Amount (13% of Initial Securitzation Value)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)  (219,101,124.00)           **Targeted Note Balance**  1,238,954,979.04   1,194,426,418.72   1,130,906,167.70   1,084,435,780.47   1,042,147,853.30   990,660,250.37                                           **Calculation of Servicer Advance:**                              Available Funds, prior to Servicer Advances  59,731,033.64   53,038,856.55   70,824,894.13   52,540,396.73   48,047,883.47   57,350,716.79       Less: Payment Date Advance Reimbursement  —   —   —   —   —   —       Less: Servicing Fees Paid  1,255,726.64   1,215,046.75   1,177,939.62   1,125,006.08   1,086,280.75   1,051,040.81       Less: Administration Fees Paid  5,000.00   5,000.00   5,000.00   5,000.00   5,000.00   5,000.00       Less: Interest Paid to Noteholders  3,916,277.56   3,728,326.74   3,631,156.55   3,482,421.03   3,356,772.45   3,237,717.04       Less: 1st Priority Principal Distribution  —   —   —   —   —   —            Equals: Remaining Available Funds before Servicer Advance (If < 0, Available Funds Shortfall)  54,554,029.44   48,090,483.05   66,010,797.96   47,927,969.62   43,599,830.26   53,056,958.94       Monthly Lease Payments Due on Included Units but not received  N/A   N/A   N/A   N/A   N/A   N/A            **Servicer Advance**  —   —   —   —   —   —   —                                       Total Available Funds after Servicer Advance  54,554,029.44   48,090,483.05   66,010,797.96   47,927,969.62   43,599,830.26   53,056,958.94            **Reserve Account Draw Amount**  —   —   —   —   —   —   —                                       **Reconciliation of Servicer Advance:**                              Beginning Balance of Servicer Advance  —   —   —   —   —   —       Payment Date Advance Reimbursement  —   —   —   —   —   —       Additional Payment Advances for current period  —   —   —   —   —   —            Ending Balance of Payment Advance  —   —   —   —   —   —                                           ***RESERVE ACCOUNT***                               **Reserve Account Balances:**                              Specified Reserve Account Balance  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   Initial Reserve Account Balance  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58                                  Beginning Reserve Account Balance  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   Plus:  Net Investment Income for the Collection Period  45,717.44   48,366.36   49,011.03   52,998.10   54,187.16   58,751.82   463,937.57        Subtotal:  Reserve Fund Available for Distribution  16,899,650.02   16,902,298.94   16,902,943.61   16,906,930.68   16,908,119.74   16,912,684.40   17,317,870.15   Plus:  Deposit of Excess Available Funds  —   —   —   —   —   —   —   Less:  Reserve Account Draw Amount  —   —   —   —   —   —   —        Subtotal Reserve Account Balance  16,899,650.02   16,902,298.94   16,902,943.61   16,906,930.68   16,908,119.74   16,912,684.40   17,317,870.15   Less: Excess Reserve Account Funds to Transferor  45,717.44   48,366.36   49,011.03   52,998.10   54,187.16   58,751.82   463,937.57        **Equals: Ending Reserve Account Balance**  16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58   16,853,932.58                                       **Change in Reserve Account Balance from Immediately Preceding Payment Date** —   —   —   —   —   —                                      Current Period Net Residual Losses: ***Amounts***  ***Amounts***  ***Amounts***  ***Amounts***  ***Amounts***  ***Amounts***                                Aggregate Securitization Value for Scheduled Terminated Units  8,588,666.30   15,384,633.64   27,009,405.08   18,274,380.26   18,723,907.92   26,211,979.56   118,341,104.23   Less: Sales Proceeds for Current Month Scheduled Terminations  (7,697,252.27)  (13,694,431.36)  (23,389,156.76)  (14,641,077.61)  (14,688,649.75)  (21,098,359.32)  (99,129,390.53)  Less: Sales Proceeds/Recoveries for Prior Month Scheduled Terminations  (3,731.00)  (5,074.00)  (92,921.16)  (328,857.31)  (790,771.96)  (1,794,934.68)  (3,017,234.11)  Less: Excess Wear and Tear Received  (48,665.22)  (64,938.61)  (70,505.43)  (90,620.84)  (77,763.79)  (105,627.48)  (481,002.53)  Less: Excess Mileage Received  (131,909.74)  (155,620.15)  (145,541.09)  (209,052.53)  (169,074.84)  (198,738.61)  (1,095,900.49)       **Current Period Net Residual Losses/(Gains)**  707,108.07   1,464,569.52   3,311,280.64   3,004,771.97   2,997,647.58   3,014,319.47   14,617,576.57        Cumulative Net Residual Losses:                              Beginning Cumulative Net Residual Losses  117,879.32   824,987.39   2,289,556.91   5,600,837.55   8,605,609.52   11,603,257.10   —   Current Period Net Residual Losses  707,108.07   1,464,569.52   3,311,280.64   3,004,771.97   2,997,647.58   3,014,319.47   14,617,576.57        Ending Cumulative Net Residual Losses  824,987.39   2,289,556.91   5,600,837.55   8,605,609.52   11,603,257.10   14,617,576.57   14,617,576.57        **Cumulative Net Residual Losses/(Gains) % of Aggregate Initial Securitization Value**  0.05%  0.14%  0.33%  0.51%  0.69%  0.87%  0.87%     
 

 
     **EXHIBIT 99.3**                                   **Volkswagen Auto Lease Trust 2005-A**                      **SERVICER CERTIFICATE**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period Ended:**  **Collection Period**  **Collection Period**  **Collection Period Ended:**    **For the Annual Collection Period ended December 2005**  **July-05**  **August-05**  **September-05**  **October-05**  **November-05**  **December-05**  **TOTALS**    ***POOL STATISTICS***  **Initial**                                **Collateral Pool Balance Data**                                  Aggregate Securitization Value  1,685,393,258   1,458,056,103   1,413,527,543   1,350,007,292   1,303,536,904   1,261,248,977   1,209,761,374       Number of Current Contracts  72,157   67,907   66,328   63,996   62,304   60,775   58,869       Weighted Average Lease Rate  3.59%  3.52%  3.51%  3.49%  3.49%  3.50%  3.53%      Average Remaining Term  27.48   20.21   19.61   18.95   18.39   17.81   17.24       Average Original Term  42.98   42.95   42.98   43.03   43.07   43.12   43.19       Monthly Prepayment Speed      90.24%  83.68%  89.51%  79.42%  72.41%  74.11%                                               ***Securitization Value***  ***Securitization Value***  ***Securitization Value***  ***Securitization Value***  ***Securitization Value***  ***Securitization Value***                                    Pool Balance (Securitization Value) - Beginning of Period  1,506,871,970   1,458,056,103   1,413,527,543   1,350,007,292   1,303,536,904   1,261,248,977   1,685,393,259   Depreciation/Payments      (22,844,587)  (15,377,725)  (20,182,677)  (14,855,539)  (13,802,628)  (14,441,566)  (219,149,804)  Gross Credit Losses      (633,710)  (725,498)  (879,313)  (863,023)  (451,749)  (577,994)  (6,040,172)  Early Terminations      (15,436,475)  (11,615,904)  (13,141,850)  (10,295,947)  (9,309,642)  (10,256,063)  (123,795,393)  Scheduled Terminations      (8,588,666)  (15,384,634)  (27,009,405)  (18,274,380)  (18,723,908)  (26,211,980)  (118,341,104)  Repurchase/Reallocation      (1,312,429)  (1,424,799)  (2,307,005)  (2,181,498)  —   —   (8,305,412)       **Pool Balance - End of Period**      1,458,056,103   1,413,527,543   1,350,007,292   1,303,536,904   1,261,248,977   1,209,761,374   1,209,761,374                                           **Delinquencies Aging Profile - End of Period Securitization Value**                              Current      1,442,000,833   1,397,613,257   1,333,196,344   1,287,476,092   1,244,509,084   1,192,884,466       31 - 90 Days Delinquent      14,113,695   13,993,149   14,533,234   13,754,502   13,936,086   13,813,078       90+ Days Delinquent      1,941,575   1,921,137   2,277,714   2,306,311   2,803,807   3,063,831            **Total**      1,458,056,103   1,413,527,543   1,350,007,292   1,303,536,904   1,261,248,977   1,209,761,374                                               **Credit Losses:**                                  Aggregate Securitization Value on charged-off units      633,710   725,498   879,313   863,023   451,749   577,994   6,040,172   Aggregate Liquidation Proceeds on charged-off units      (371,372)  (508,715)  (563,098)  (520,478)  (206,604)  (402,848)  (3,855,927)  Recoveries on charged-off units      (346)  (17,824)  (21,697)  (47,383)  (252)  (30,740)  (118,242)       **Current Period Aggregate Net Credit Losses/(Gains)**  261,992   198,959   294,518   295,161   244,893   144,407   2,066,003                                           Cumulative Net Credit Losses:                                  Beginning Cumulative Net Credit Losses      626,072   888,064   1,087,023   1,381,542   1,676,703   1,921,596   —   Current Period Net Credit Losses      261,992   198,959   294,518   295,161   244,893   144,407   2,066,003        **Ending Cumulative Net Credit Losses**  888,064   1,087,023   1,381,542   1,676,703   1,921,596   2,066,003   2,066,003        **Cumulative Net Credit Losses/(Gains) as a % of Aggregate Initial Sec. Value**  0.05%  0.06%  0.08%  0.10%  0.11%  0.12%  0.12%