# EDGAR Filing Document

**Accession Number:** 0002033494
**File Stem:** 0000929638-25-002482
**Filing Date:** 2025-7
**Character Count:** 22601
**Document Hash:** dbf61b5532dd67134d5cbc3d6b3261b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-002482.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0000929638-25-002482

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250701

**ABS ASSET CLASS**: Auto leases

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Vehicle Lease Trust 2024-2
- **CENTRAL INDEX KEY:** 0002033494
- **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:** 333-260903-06
- **FILM NUMBER:** 251097277

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CHESTNUT RIDGE RD
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
- **BUSINESS PHONE:** 2013074000

**MAIL ADDRESS:**
- **STREET 1:** 300 CHESTNUT RIDGE RD
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675

### 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 **May 1, 2025 to May 31, 2025**

Commission File Number of issuing entity: **333-260903-06**

Central Index Key Number of issuing entity: **0002033494**

**** 

<br> **BMW VEHICLE LEASE TRUST**2024-2

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

Commission File Number of depositor: **333-260903**

Central Index Key Number of depositor: **0001126530**

### BMW AUTO LEASING 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)

#### 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 | ☐ | ☐ | ☒ |  |
| Fixed 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 Lease Trust 2024-2 is set forth in the Statement relating to the June 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 Lease Trust 2024-2 for the distribution period commencing on May 1, 2025 and ending on May 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 Lease Trust 2024-2.

#### 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 Lease Trust 2024-2 on July 1, 2025, with respect to the distribution period commencing on May 1, 2025 and ending on May 31, 2025 are hereby incorporated by reference into this Form 10-D.

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

[Exhibit 99.1](bmwlt2024-2_exhibit991.htm) [Statement relating to the June 25, 2025 distribution.](bmwlt2024-2_exhibit991.htm)

---

| | |
|:---|:---|
| [Exhibit 102](https://www.sec.gov/Archives/edgar/data/2033494/000092963825002467/bmwlt2024-2_exhibit102.xml) | [Asset Data File for the distribution period commencing on May 1, 2025 and ending on May 31, 2025 (included in Exhibit 102 to the Form ABS-EE filed by BMW Vehicle Lease Trust 2024-2 with the Commission on July 1, 2025, which is incorporated by reference herein).](https://www.sec.gov/Archives/edgar/data/2033494/000092963825002467/bmwlt2024-2_exhibit102.xml) |

---

---

| | |
|:---|:---|
| [Exhibit 103](https://www.sec.gov/Archives/edgar/data/2033494/000092963825002467/bmwlt2024-2_exhibit103.xml) | [Asset Related Document for the distribution period commencing on May 1, 2025 and ending on May 31, 2025 (included in Exhibit 103 to the Form ABS-EE filed by BMW Vehicle Lease Trust 2024-2 with the Commission on July 1, 2025, which is incorporated by reference herein).](https://www.sec.gov/Archives/edgar/data/2033494/000092963825002467/bmwlt2024-2_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: July 1, 2025

BMW VEHICLE LEASE TRUST 2024-2

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

By: BMW Financial Services NA, LLC,

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

By: <u>/s/</u> <u>Ole Jensen</u> <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp; Name: Ole Jensen

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

## Exhibit 99.1

---

| | | | |
|:---|:---|:---|:---|
| **BMW Vehicle Lease Trust 2024-2** | **BMW Vehicle Lease Trust 2024-2** | **BMW Vehicle Lease Trust 2024-2** | **BMW Vehicle Lease Trust 2024-2** |
| Collection Period Ending: | 5/31/25 |  | |
| Previous Payment Date: | 5/27/25 |  | |
| Current Payment Date: | 6/25/25 | Accrued Interest Days (30/360): | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued Interest Days (act/360): | &nbsp;&nbsp;&nbsp;&nbsp; Accrued Interest Days (act/360): | &nbsp;&nbsp;&nbsp;&nbsp; Accrued Interest Days (act/360): | 29 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Balances** | **Balances** | **Balances** | **Balances** |
|  | *Initial* | *Beginning of Period* | *End of Period* |
| Aggregate Securitization Value | $1468860401.91 | $1233415005.85 | $1198491729.81 |
| Aggregate Discounted ALG Residual Value | $756051186.48 | $743918187.58 | $736255237.64 |
| Reserve Fund | $3672151.00 | $3672151.00 | $3672151.00 |
| Notes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-1 Notes | $195200000.00 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-2a Notes | $231200000.00 | $192716647.96 | $175255009.94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-2b Notes | $231200000.00 | $192716647.96 | $175255009.94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-3 Notes | $462400000.00 | $462400000.00 | $462400000.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A-4 Notes | $130000000.00 | $130000000.00 | $130000000.00 |
|  | $1250000000.00 | $977833295.92 | $942910019.88 |
| Overcollateralization | $218860401.91 |  | $255581709.93 |

---

---

| | |
|:---|:---|
| **Current Collection Period** | **Current Collection Period** |
| Beginning Securitization Value | $1233415005.85 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Reduction Amount | 34923276.04 |
| Ending Securitization Value | $1198491729.81 |
| First Priority Principal |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aggregate Outstanding Note Balance (Beginning of Period) | $977833295.92 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aggregate Securitization Value (End of Period) | $1198491729.81 |
| First Priority Principal Distribution Amount | - |
| Target Note Balance | $942910019.88 |
| &nbsp;&nbsp;&nbsp;&nbsp; Target Overcollateralization Amount | $255581709.93 |
| &nbsp;&nbsp;&nbsp;&nbsp; Target Overcollateralization Percentage | 17.40% |
| Determination of Available Funds |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collections |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monthly Payments (net of Daily Advance Reimbursements) \* | $28283039.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reallocation Payment | 231950.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale Proceeds | 2458175.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination Proceeds | 17373612.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery Proceeds | 19285.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Collections | $48366062.44 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advances |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monthly Payment Advance | $1819971.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales Proceeds Advance | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Advances | $1819971.83 |
| &nbsp;&nbsp;&nbsp;&nbsp; Optional Purchase Price | 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Earnings on SUBI Collection Account | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Available Funds | $50186034.27 |

---

---

| | |
|:---|:---|
| **Collection Account** | **Collection Account** |
| Total Available Funds | $50186034.27 |
| Withdrawals from SUBI Collection Account |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payment Date Advance Reimbursement | 1826275.51 |
| &nbsp;&nbsp;&nbsp;&nbsp; Servicing Fees | 1027845.84 |
| &nbsp;&nbsp;&nbsp;&nbsp; Note Distribution Account (Interest Due) | 3491900.91 |
| &nbsp;&nbsp;&nbsp;&nbsp; Note Distribution Account (First Priority Principal Distribution Amount) | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Reserve Fund Deposit | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Note Distribution Account (Regular Principal Distribution Amount) | 34923276.04 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amounts paid to Indenture Trustee, Owner Trustee and Asset | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Representations Reviewer (subject to annual cap) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amounts paid to Indenture Trustee, Owner Trustee and Asset | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Representations Reviewer (not subject to annual cap) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate Distribution Account (any remaining payments) | 8916735.97 |
| Total Distributions from SUBI Collection Account | $50186034.27 |

---

---

| | |
|:---|:---|
| **Servicer Advance Amounts** | **Servicer Advance Amounts** |
| Beginning Period Unreimbursed Servicer Advance | $2066219.65 |
| Current Period Monthly Payment Advance | 1819971.83 |
| Current Period Sales Proceeds Advance | - |
| Current Reimbursement of Previous Servicer Advance | 1826275.51 |
| Ending Period Unreimbursed Previous Servicer Advances | $2059915.97 |

---

---

| | |
|:---|:---|
| **Note Distribution Account** | **Note Distribution Account** |
| Amount Deposited from the Collection Account | $38415176.95 |
| Amount Deposited from the Reserve Fund | - |
| Amount Paid to Noteholders | $38415176.95 |

---

---

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

---

**Distributions**<br>

---

| | |
|:---|:---|
| *Priority Principal* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aggregate Outstanding Note Principal | $977833295.92 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Monthly Principal Distributable Amount* | *First Priority Principal* | *Current Payment* | *Total Payment* | *Ending Balance* | *Per $1,000* | *Note Factor* |
| Class A-1 Notes |  | - | - | - | - | - |
| Class A-2a Notes |  | $17461638.02 | $17461638.02 | $175255009.94 | 76 | 0.76 |
| Class A-2b Notes |  | $17461638.02 | $17461638.02 | $175255009.94 | 76 | 0.76 |
| Class A-3 Notes |  | - | - | $462400000.00 | - | 1.00 |
| Class A-4 Notes |  | - | - | $130000000.00 | - | 1.00 |
|  |  | $34923276.04 | $34923276.04 | $942910019.88 |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| *Interest Distributable Amount* | *Interest Rate* | *Current Payment* | *Per $1,000* |
| Class A-1 Notes | 4.68100% | - | 0.00 |
| Class A-2a Notes | 4.29000% | $688962.02 | 2.98 |
| Class A-2b Notes | 4.74197% | $736162.23 | 3.18 |
| Class A-3 Notes | 4.18000% | $1610693.33 | 3.48 |
| Class A-4 Notes | 4.21000% | $456083.33 | 3.51 |
|  |  | $3491900.91 |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Carryover Shortfalls** | **Carryover Shortfalls** | **Carryover Shortfalls** | **Carryover Shortfalls** |
|  | *Prior Period Carryover* | *Current Payment* | *Current Period Carryover* |
| 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 |  |  |  |

---

---

| | |
|:---|:---|
| **Reserve Fund** | **Reserve Fund** |
| Beginning Period Required Amount | $3672151.00 |
| Beginning Period Amount | 3672151.00 |
| Current Period Deposit | - |
| Net Investment Earnings | 13242.56 |
| Reserve Fund Draw Amount | - |
| Release to Certificateholder | 13242.56 |
| Ending Period Required Amount | 3672151.00 |
| Ending Period Amount | $3672151.00 |

---

---

| | | |
|:---|:---|:---|
| **Pool Characteristics** | **Pool Characteristics** | **Pool Characteristics** |
|  | *Initial* | *End of Period* |
| Number of Specified Leases | 26514 | 23860 |
| Weighted Average Remaining Term | 28.00 | 19.52 |
| Weighted Average Original Term | 36.00 | 35.91 |
| Weighted Average Seasoning | 8.00 | 16.39 |
|  | *Units* | *Securitization Value* |
| Early Terminations | 172 | $8503703.80 |
| Scheduled Terminations | 204 | $6918224.91 |

---

---

| | | | |
|:---|:---|:---|:---|
| <u>Residual Value Losses for the Current Period</u> | *Beginning* | *Current Period* | *Cumulative* |
| Sales and Termination Proceeds | $90918789.52 | $18142809.63 | $109061599.15 |
| ALG Residual Values | 67240447.15 | 14481010.15 | 81721457.30 |
| Residual Value Loss / (Gain) |  | $(3661799.48) | $(27340141.85) |

---

---

| | |
|:---|:---|
| Cumulative Residual Value Loss / (Gain) as of the end of the prior period | $(23678342.37) |
| Cumulative Residual Value Loss / (Gain) as of the end of the 2nd preceding period | $(19803054.72) |
| Cumulative Residual Value Loss / (Gain) as of the end of the 3rd preceding period | $(15993970.82) |

---

---

| | | | |
|:---|:---|:---|:---|
| <u>Delinquencies as of the end of the current period</u> | *Units* | *Securitization Value* | *Percentage* |
| 31-60 Days Delinquent | 81 | 4403570.62 | 0.37% |
| 61-90 Days Delinquent | 25 | 1382763.94 | 0.12% |
| 91-120 Days Delinquent | 9 | 537902.58 | 0.04% |
| 121 - 150 Days Delinquent | 1 | 58517.92 | 0.00% |
| 151 Days or More Delinquent | 0 | 0.00 | 0.00% |

---

---

| | | | |
|:---|:---|:---|:---|
| Total 30+ Days Past Due as of the end of the current period | 116 | $6382755.06 | 0.53% |
| Total 60+ Days Past Due as of the end of the current period | 35 | $1979184.44 | 0.17% |

---

---

| | |
|:---|:---|
| <u>Delinquencies as of the end of prior periods</u> |  |
| Total 30+ Days Past Due as of the end of the prior period | 0.52% |
| Total 30+ Days Past Due as of the end of the 2nd preceding period | 0.46% |
| Total 30+ Days Past Due as of the end of the 3rd preceding period | 0.36% |

---

---

| | | |
|:---|:---|:---|
| <u>Credit Losses as of the end of the current period</u> | *Units* | *Dollar Amount* |
| Gross Credit Losses | 3 | 49937.06 |
| Recoveries | 4 | 6410.51 |
| Net Credit Losses |  | 43526.55 |
| Cumulative Net Credit Losses | 16 | $126126.67 |
| Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | 0.01% |
| Charge Off Rate \*\*\* |  | 0.01% |
| Average of Net Credit Losses \*\*\*\* |  | $7882.92 |

---

---

| | | |
|:---|:---|:---|
| **Historical Loss Information** | **Historical Loss Information** | **Historical Loss Information** |
| <u>Credit Losses as of the end of the prior period</u> | *Units* | *Dollar Amount* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Credit Losses | 7 | 63141.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 4 | 4408.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Credit Losses |  | 58733.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Credit Losses | 13 | $82600.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\*\* | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average of Net Credit Losses \*\*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average of Net Credit Losses \*\*\*\* | 6353.86 |
| <u>Credit Losses as of the end of the 2nd preceding period</u> | *Units* | *Dollar Amount* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Credit Losses | 1 | 8413.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 1 | 1106.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Credit Losses |  | 7307.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Credit Losses | 6 | $23866.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\*\* | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average of Net Credit Losses \*\*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average of Net Credit Losses \*\*\*\* | 3977.82 |
| <u>Credit Losses as of the end of the 3rd preceding period</u> | *Units* | *Dollar Amount* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Credit Losses | 1 | 24815.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries | 2 | 16406.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Credit Losses |  | 8409.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumulative Net Credit Losses | 5 | $16559.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value \*\* | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge Off Rate \*\*\* | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average of Net Credit Losses \*\*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average of Net Credit Losses \*\*\*\* | 3311.89 |

---

---

| |
|:---|
| \* Includes Pull Ahead amounts |
| \*\* Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value is calculated by dividing the Cumulative Net Credit Losses by the Avg Aggregate Sec Value for the period. |
| Avg Aggregate Sec Value for a period is equal to the average of the Beginning Securitization Value and the Ending Securitization Value for such period. |
| \*\*\* Charge Off Rate is calculated by dividing Cumulative Net Credit Losses by Initial Aggregate Securitization Value as of the Cut-off date. |
| \*\*\*\* Average of Net Credit Losses is calculated by dividing Cumulative Net Credit Losses by the aggregate number of Leases that have experienced a net credit loss. |

---

<br>