# EDGAR Filing Document

**Accession Number:** 0002021594
**File Stem:** 0000929638-25-003789
**Filing Date:** 2025-10
**Character Count:** 21584
**Document Hash:** 21f045a98f90f90461a477fd678569d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-003789.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0000929638-25-003789

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**ABS ASSET CLASS**: Auto loans

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Vehicle Owner Trust 2024-A
- **CENTRAL INDEX KEY:** 0002021594
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-262471-03
- **FILM NUMBER:** 251373392

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CHESTNUT RIDGE RD
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07677
- **BUSINESS PHONE:** 2013074000

**MAIL ADDRESS:**
- **STREET 1:** 300 CHESTNUT RIDGE RD
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07677

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 10-D

#### ASSET-BACKED ISSUER<br> DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF<br> THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from **August 1, 2025 to August 31, 2025**

Commission File Number of issuing entity: **333-262471-03**

Central Index Key Number of issuing entity: **0002021594**

**BMW VEHICLE OWNER TRUST 2024-A**

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: **333-262471**

Central Index Key Number of depositor: **0001136586**

### BMW FS SECURITIES LLC
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): **0001541188**

### BMW FINANCIAL SERVICES NA, LLC
(Exact name of sponsor as specified in its charter)

#### Mark Redman, (201) 307-4000
(Name and telephone number, including area code, of the person to contact in connection with this filing)

**Delaware**<br> (State or other jurisdiction of incorporation or organization of the issuing entity)

#### 99-6509111

#### 22-2013053
(I.R.S. Employer Identification No.)

---

| | |
|:---|:---|
| **c/o BMW Financial Services NA, LLC**<br> **200 BMW Drive**<br> **Woodcliff Lake, New Jersey**<br> (Address of principal executive offices of the issuing entity) | <br>**07677**<br> (Zip Code) |

---

**201-307-4000**<br> (Telephone number including area code)

**Not Applicable**<br> (Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | Name of exchange |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title of class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) |
| Fixed Rate Class A-1 Notes | ☐ | ☐ | ☒ |  |
| Fixed Rate Class A-2a Notes | ☐ | ☐ | ☒ |  |
| Floating Rate Class A-2b Notes | ☐ | ☐ | ☒ |  |
| Fixed Rate Class A-3 Notes | ☐ | ☐ | ☒ |  |
| Fixed Rate Class A-4 Notes | ☐ | ☐ | ☒ |  |

---

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 ☐

------

#### PART I — DISTRIBUTION INFORMATION

#### Item 1. Distribution and Pool Performance Information.
Distribution and pool performance information with respect to the assets of BMW Vehicle Owner Trust 2024-A is set forth in the Statement relating to the September 25, 2025 distribution, which is attached as Exhibit 99.1.

There is no activity to report under Rule 15Ga-1(a) under the Securities Exchange Act of 1934 with respect to BMW Vehicle Owner Trust 2024-A for the distribution period commencing on August 1, 2025 and ending on August 31, 2025. BMW Financial Services NA, LLC (Central Index Key Number: 0001541188), as securitizer, most recently filed a Form ABS-15G on February 12, 2025 with respect to all asset-backed securities sponsored by it, including those securities issued by BMW Vehicle Owner Trust 2024-A.

#### Item 1A. Asset-Level Information.
The Asset Data File and Asset Related Document filed as Exhibit 102 and Exhibit 103, respectively, to the Form ABS-EE filed by BMW Vehicle Owner Trust 2024-A on October 3, 2025 with respect to the distribution period commencing on August 1, 2025 and ending on August 31, 2025 are hereby incorporated by reference into this Form 10-D.

#### PART II — OTHER INFORMATION
**Item 10. Exhibits**.

[Exhibit 99.1](bmw2024-a_exhibit991.htm) [Statement relating to the September 25, 2025 distribution.](bmw2024-a_exhibit991.htm)

---

| | |
|:---|:---|
| [Exhibit 102](https://www.sec.gov/Archives/edgar/data/2021594/000092963825003768/bmw2024-a_exhibit102.xml) | [Asset Data File for the distribution period commencing on August 1, 2025 and ending on August 31, 2025 (included in Exhibit 102 to the Form ABS-EE filed by BMW Vehicle Owner Trust 2024-A with the Commission on October 3, 2025, which is incorporated by reference herein).](https://www.sec.gov/Archives/edgar/data/2021594/000092963825003768/bmw2024-a_exhibit102.xml) |

---

---

| | |
|:---|:---|
| [Exhibit 103](https://www.sec.gov/Archives/edgar/data/2021594/000092963825003768/bmw2024-a_exhibit103.xml) | [Asset Related Document for the distribution period commencing on August 1, 2025 and ending on August 31, 2025 (included in Exhibit 103 to the Form ABS-EE filed by BMW Vehicle Owner Trust 2024-A with the Commission on October 3, 2025, which is incorporated by reference herein).](https://www.sec.gov/Archives/edgar/data/2021594/000092963825003768/bmw2024-a_exhibit103.xml) |

---

------

**SIGNATURES**

Pursuant to the requirements 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.

Dated: October 3, 2025

BMW VEHICLE OWNER TRUST 2024-A

&nbsp;&nbsp;&nbsp;&nbsp; (Issuing Entity)

By: BMW Financial Services NA, LLC,

&nbsp;&nbsp;&nbsp;&nbsp; solely as servicer

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Tobias Essig</u> <br>

Name:&nbsp;&nbsp;&nbsp;&nbsp; Tobias Essig

Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vice President - Finance & Chief Financial Officer

## Exhibit 99.1

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **BMW Vehicle Owner Trust 2024-A** | **BMW Vehicle Owner Trust 2024-A** | **BMW Vehicle Owner Trust 2024-A** | **BMW Vehicle Owner Trust 2024-A** |
| Accrued Interest Date: | 8/25/25 | Collection Period Ending: | 8/31/25 | 8/31/25 |
| Current Payment Date: | 9/25/25 | Period: |  | 15 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Balances** | **Balances** | **Balances** | **Balances** |
|  | *Initial* | *Beginning of Period* | *End of Period* |
| Pool Balance | $1909993688.45 | $1011209041.02 | $959123854.46 |
| Yield Supplement Overcollateralization Amount | $115121892.40 | $44950503.64 | $41695761.13 |
| Adjusted Pool Balance | $1794871796.05 | $966258537.38 | $917428093.33 |
| Reserve Account | $4487179.49 | $4487179.49 | $4487179.49 |
| Overcollateralization | $44871796.05 | $44871794.90 | $44871794.90 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Notes |  |  |  | Ratio |
| Class A-1 Notes | $363000000.00 | - | - | 0.0% |
| Class A-2a Notes | $320500000.00 | $87693371.24 | $63278149.21 | 7.3% |
| Class A-2b Notes | $320500000.00 | $87693371.24 | $63278149.22 | 7.3% |
| Class A-3 Notes | $641000000.00 | $641000000.00 | $641000000.00 | 73.5% |
| Class A-4 Notes | $105000000.00 | $105000000.00 | $105000000.00 | 12.0% |
|  | $1750000000.00 | $921386742.48 | $872556298.43 | 100.0% |

---

---

| | |
|:---|:---|
| **Reconciliation of Collection Account** | **Reconciliation of Collection Account** |
| Available Funds: | Available Funds: |
| Available Interest: |  |
| &nbsp;&nbsp;&nbsp; Interest Collected on Receivables | $4654658.39 |
| &nbsp;&nbsp;&nbsp; Servicer Advances | 166200.52 |
| &nbsp;&nbsp;&nbsp; Servicer Advance Reimbursement | 138635.12 |
| &nbsp;&nbsp;&nbsp; Administrative Purchase Payment | 0.00 |
| &nbsp;&nbsp;&nbsp; Warranty Purchase Payment | 2624.51 |
| &nbsp;&nbsp;&nbsp; Recoveries | 12541.85 |
| &nbsp;&nbsp;&nbsp; Investment Earnings from Reserve Account | 16164.53 |
| &nbsp;&nbsp;&nbsp; Investment Earnings from Collection Account | 0.00 |
| Total Available Interest | $4713554.68 |
| Available Principal: |  |
| &nbsp;&nbsp;&nbsp; Principal Collection on Receivables |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Receipts of Scheduled Principal | $32163044.93 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receipts of Pre-Paid Principal | 19195528.57 |
| &nbsp;&nbsp;&nbsp; Liquidation Proceeds | 236781.81 |
| &nbsp;&nbsp;&nbsp; Administrative Purchase Payment | 0.00 |
| &nbsp;&nbsp;&nbsp; Warranty Purchase Payment | 345894.83 |
| Total Available Principal | $51941250.14 |
| &nbsp;&nbsp;&nbsp; Advances from the Reserve Account | $0.00 |
| &nbsp;&nbsp;&nbsp; Release from the Reserve Fund Account | $0.00 |

---

---

| | |
|:---|:---|
| **Total Available Funds** | $**56654804.82** |
| Distributions: |  |
| &nbsp;&nbsp;&nbsp; Servicing Fees | $842674.20 |
| &nbsp;&nbsp;&nbsp; Non-recoverable Servicer Advance Reimbursement | 11800.39 |
| &nbsp;&nbsp;&nbsp; Noteholder's Accrued and Unpaid Interest | 3958102.91 |
| &nbsp;&nbsp;&nbsp; First Priority Principal Distribution Amount to Noteholders | 3958649.15 |
| &nbsp;&nbsp;&nbsp; Reserve Account Deposit to achieve the Specified Reserve Account Balance | 0.00 |
| &nbsp;&nbsp;&nbsp; Regular Principal Distributable Amount to Noteholders | 44871794.90 |
| Amounts paid to Indenture Trustee, Owner Trustee and Asset | 0.00 |
| Representations Reviewer (subject to annual cap) |  |
| Amounts paid to Indenture Trustee, Owner Trustee and Asset | 0.00 |
| Representations Reviewer (not subject to annual cap) |  |
| Certificate Distribution Account (any remaining payments) | 3011783.27 |
| **Total Distributions** | $**56654804.82** |

---

---

| | |
|:---|:---|
| **Monthly Period Receivables Principal Balance Calculation** | **Monthly Period Receivables Principal Balance Calculation** |
| Beginning Receivable Principal Balance | $1011209041.02 |
| &nbsp;&nbsp;&nbsp; Monthly Principal Received |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Regular Principal Received | $32163044.93 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepaid Principal Received | 19195528.57 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liquidation Proceeds | 236781.81 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Balance Allocable to Gross Charge-offs | 143936.42 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Portion of Repurchased Receivables | 345894.83 |
| &nbsp;&nbsp;&nbsp; Total Monthly Principal Amounts | $52085186.56 |
| Ending Receivable Principal Balance | $959123854.46 |

---

---

| | |
|:---|:---|
| **Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer** | **Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer** |
| *Indenture Trustee* |  |
| &nbsp;&nbsp;&nbsp; Amount due and payable to Indenture Trustee before giving effect to | - |
| &nbsp;&nbsp;&nbsp; payments on current Payment Date: |  |
| &nbsp;&nbsp;&nbsp; Amount due and payable to Indenture Trustee after giving effect to | 0.00 |
| &nbsp;&nbsp;&nbsp; payments on current Payment Date: |  |
| *Owner Trustee* |  |
| &nbsp;&nbsp;&nbsp; Amount due and payable to Owner Trustee before giving effect to | - |
| &nbsp;&nbsp;&nbsp; payments on current Payment Date: |  |
| &nbsp;&nbsp;&nbsp; Amount due and payable to Owner Trustee after giving effect to | 0.00 |
| &nbsp;&nbsp;&nbsp; payments on current Payment Date: |  |
| *Asset Representations Reviewer Trustee* |  |
| &nbsp;&nbsp;&nbsp; Amount due and payable to Asset Representations Reviewer before | - |
| &nbsp;&nbsp;&nbsp; giving effect to payments on current Payment Date: |  |
| &nbsp;&nbsp;&nbsp; Amount due and payable to Asset Representations Reviewer after | 0.00 |
| &nbsp;&nbsp;&nbsp; giving effect to payments on current Payment Date: |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Distributions** | **Distributions** | **Distributions** | **Distributions** |
| *Interest Distributable Amount* | *Interest Rate* | *Current Payment* | *Per $1,000* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-1 Notes | 5.51200% | $0.00 | 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-2a Notes | 5.42000% | $396081.73 | 1.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-2b Notes | 4.68839% | $354037.85 | 1.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-3 Notes | 5.18000% | $2766983.33 | 4.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-4 Notes | 5.04000% | $441000.00 | 4.20 |
|  |  | $3958102.91 |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *Monthly Principal Distributable Amount* | *Beginning Balance* | *Current Payment* | *Ending Balance* | *Per $1,000* | *Note Factor* |
| Class A-1 Notes | - | - | - | 0.00 | 0.00 |
| Class A-2a Notes | $87693371.24 | $24415222.03 | $63278149.21 | 76.18 | 0.20 |
| Class A-2b Notes | $87693371.24 | $24415222.02 | $63278149.22 | 76.18 | 0.20 |
| Class A-3 Notes | $641000000.00 | - | $641000000.00 | 0.00 | 1.00 |
| Class A-4 Notes | $105000000.00 | - | $105000000.00 | 0.00 | 1.00 |
|  | 921386742.48 | 48830444.05 | 872556298.43 |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Carryover Shortfalls** | **Carryover Shortfalls** | **Carryover Shortfalls** | **Carryover Shortfalls** |
|  | *Prior Period Carryover* | *Current Payment* | *Per $1,000* |
| Class A-1 Interest Carryover Shortfall |  |  |  |
| Class A-2a Interest Carryover Shortfall |  |  |  |
| Class A-2b Interest Carryover Shortfall |  |  |  |
| Class A-3 Interest Carryover Shortfall |  |  |  |
| Class A-4 Interest Carryover Shortfall |  |  |  |

---

---

| | |
|:---|:---|
| **Yield Supplement Overcollateralization Amount** | **Yield Supplement Overcollateralization Amount** |
| Previous Distribution Date Required Amount | 44,950,503.64 |
| Beginning Period Amount | 44,950,503.64 |
| Current Distribution Date Required Amount | 41,695,761.13 |
| Current Period Release | 3,254,742.51 |
| Ending Period Amount | 41,695,761.13 |

---

---

| | |
|:---|:---|
| **Reserve Account** | **Reserve Account** |
| Beginning Period Required Amount | $4487179.49 |
| Beginning Period Amount | 4487179.49 |
| Net Investment Earnings | 16164.53 |
| Current Period Deposit Amount Due | 0.00 |
| Reserve Fund Draw Amount | 0.00 |
| Ending Period Required Amount | 4487179.49 |
| Release to Depositor | 16164.53 |
| Ending Period Amount | $4487179.49 |

---

---

| | |
|:---|:---|
| **Overcollateralization** | **Overcollateralization** |
| Beginning Period Overcollateralization Amount | $44871794.90 |
| Target Overcollateralization Amount | $44871794.90 |
| Ending Period Over Collateralization Amount | $44871794.90 |
| Current Period Release | $0.00 |

---

---

| | | |
|:---|:---|:---|
| **Receivables Data** | **Receivables Data** | **Receivables Data** |
|  | *<u>Beginning Period</u>* | *<u>Ending Period</u>* |
| Number of Receivables | 35184 | 34103 |
| Weighted Average Remaining Term | 39.19 | 38.37 |
| Weighted Average Annual Percentage Rate | 5.52% | 5.54% |

---

---

| | | | |
|:---|:---|:---|:---|
| <u>Delinquencies as of the end of the Current Period</u> |  |  |  |
| <u>Delinquencies as of the end of the Current Period</u> | *<u>Units</u>* | *<u>Dollar Amount</u>* | *<u>% of Ending Rec Prin Bal</u>* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30-59 Days | 142 | $5391094.85 | 0.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60-89 Days | 36 | 1964403.66 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90-119 Days | 17 | 834546.30 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120+ Days | 5 | 157869.82 | 0.02% |

---

---

| | | | |
|:---|:---|:---|:---|
| Total 30+ Days Past Due as of the end of the current period | 200 | $8347914.63 | 0.87% |
| Total 60+ Days Past Due as of the end of the current period | 58 | $2956819.78 | 0.31% |
| Delinquencies as of the end of prior periods |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total 30+ Days Past Due as of the end of the prior period |  |  | 0.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total 30+ Days Past Due as of the end of the 2nd preceding period | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total 30+ Days Past Due as of the end of the 2nd preceding period |  | 0.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total 30+ Days Past Due as of the end of the 3rd preceding period | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total 30+ Days Past Due as of the end of the 3rd preceding period |  | 0.67% |

---

---

| | | |
|:---|:---|:---|
| <u>Repossessions</u> | *<u>Units</u>* | *<u>Dollar Amount</u>* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beginning Period Repossessed Receivables Balance | 23 | 1329947.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ending Period Repossessed Receivables Balance | 30 | 1510024.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Balance of 90+ Day Repossessed Vehicles | 5 | 335317.14 |
| <u>Write-offs as of the end of the Current Period</u> | *<u>Units</u>* | *<u>Dollar Amount</u>* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Principal Write-offs | 6 | 143936.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 8 | 12541.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Write-Offs |  | 131394.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Write-offs | 74 | $1487132.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Write-offs to Avg Portfolio Balance \* |  | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\* |  | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avg of Net Write-offs \*\*\* |  | $20096.38 |

---

---

| | | |
|:---|:---|:---|
| **Historical Loss Information** | **Historical Loss Information** | **Historical Loss Information** |
| <u>Write-offs as of the end of the Prior Period</u> | *<u>Units</u>* | *<u>Dollar Amount</u>* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Principal Write-offs | 8 | 138000.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 8 | 16107.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Write-Offs |  | 121893.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Write-offs | 68 | $1355737.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Write-offs to Avg Portfolio Balance \* |  | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\* |  | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avg of Net Write-offs \*\*\* |  | $19937.32 |
| <u>Write-offs as of the end of the 2nd Preceding Period</u> | *<u>Units</u>* | *<u>Dollar Amount</u>* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Principal Write-offs | 11 | 286792.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 19 | 41872.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Write-Offs |  | 244920.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Write-offs | 60 | $1233844.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Write-offs to Avg Portfolio Balance \* |  | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\* |  | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avg of Net Write-offs \*\*\* |  | $20564.08 |
| <u>Write-offs as of the end of the 3rd Preceding Period</u> | *<u>Units</u>* | *<u>Dollar Amount</u>* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Principal Write-offs | 7 | 118200.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 7 | 24564.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Write-Offs |  | 93636.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Write-offs | 49 | $988924.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Write-offs to Avg Portfolio Balance \* |  | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\* |  | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avg of Net Write-offs \*\*\* |  | $20182.13 |

---

---

| |
|:---|
| \*Ratio of Cumulative Net Write-offs to Avg Portfolio Balance is calculated by dividing the Cumulative Net Write-offs for the period |
| &nbsp;&nbsp;&nbsp;&nbsp;by the Avg Portfolio Balance for the period. |
| Avg Portfolio Balance for a period is equal to the average of the Beginning Receivable Principal Balance and the Ending Receivable |
| &nbsp;&nbsp;&nbsp;&nbsp;Principal Balance for such period. |
| \*\*Charge Off Rate is calculated by dividing Cumulative Net Write-offs by initial Pool Balance as of the Cut-off Date. |
| \*\*\* Average of Net Write-offs is calculated by dividing Cumulative Net Write-offs by the aggregate number of Receivables |
| &nbsp;&nbsp;&nbsp;&nbsp;that have experienced a net write-off. |

---

<br>