# EDGAR Filing Document

**Accession Number:** 0001821260
**File Stem:** 0001853620-23-000006
**Filing Date:** 2023-1
**Character Count:** 27481
**Document Hash:** 65ed423f3118d7084d2db6acf7a71a2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-23-000006.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001853620-23-000006

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20220815

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**ABS ASSET CLASS**: Auto leases

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mercedes-Benz Auto Lease Trust 2020-B
- **CENTRAL INDEX KEY:** 0001821260
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 856480371
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-229783-04
- **FILM NUMBER:** 23543296

**BUSINESS ADDRESS:**
- **STREET 1:** 35555 W. TWELVE MILE RD.
- **STREET 2:** SUITE 100
- **CITY:** FARMINGTON HILLS
- **STATE:** MI
- **ZIP:** 48331
- **BUSINESS PHONE:** 248-991-6700

**MAIL ADDRESS:**
- **STREET 1:** 35555 W. TWELVE MILE RD.
- **STREET 2:** SUITE 100
- **CITY:** FARMINGTON HILLS
- **STATE:** MI
- **ZIP:** 48331

---

| |
|:---|
| **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

---

**FORM 10-D**

---

| |
|:---|
| **ASSET-BACKED ISSUER** |
| **DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |
| **THE SECURITIES EXCHANGE ACT OF 1934** |

---

For the monthly distribution period from <br> December 1, 2022 to December 31, 2022

Commission File Number of issuing entity: 333-229783-04

Central Index Key Number of issuing entity: 0001821260

---

| |
|:---|
| **<u>Mercedes-Benz Auto Lease Trust 2020-B</u>** |
| (Exact name of issuing entity as specified in its charter) |

---

Commission File Number of depositor: 333-229783

Central Index Key Number of depositor: 0001537805

---

| |
|:---|
| **<u>Mercedes-Benz Trust Leasing LLC</u>** |
| (Exact name of depositor as specified in its charter) |

---

Central Index Key Number of sponsor: 0001540252

---

| |
|:---|
| **<u>Mercedes-Benz Financial Services USA LLC</u>** |
| (Exact name of sponsor as specified in its charter) |

---

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

<u>85-6480371</u> <br> (IRS Employer Identification No.)

---

| |
|:---|
| 35555 W. Twelve Mile Rd. |
| Suite 100 |
| <u>Farmington Hills, Michigan</u> |
| (Address of principal executive offices of issuing entity) |

---

<u>48331</u> <br> (Zip Code)

<u>(248) 9916700</u> <br> (Telephone number, including area code)

<u>N.A.</u> <br> (Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | | Name of exchange |
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) |
| Class A-1 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-2 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-3 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-4 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |

---

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 and 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.

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January 17, 2023 a distribution was made to holders of notes of the issuing entity. The distribution report for this distribution is attached to this Form 10-D as Exhibit 99.1. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No assets held by the issuing entity were the subject of a demand to repurchase or replace for breach of the representations and warranties during the period from December 01, 2022 to December 31, 2022. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Form ABS – 15G filed by Mercedes-Benz Financial Services USA LLC with the Securities and Exchange Commission on February 02, 2022, and to the information reported for the period indicated in the report regarding any repurchase requests across all trusts for which Mercedes-Benz Financial Services USA LLC is a securitizer (as that term is defined in Section 15G(a) of the Securities Exchange Act of 1934). The CIK number of Mercedes-Benz Financial Services USA LLC is 0001540252.

Item 1A. Asset-Level Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-level data for the reporting period covered by this Form 10-D is included in Exhibit 102 to the Form ABS-EE filed by the issuing entity with the Securities and Exchange Commission on January 20, 2023 (the "Form ABS-EE") and is incorporated by reference into this Form 10-D. Additional asset-level information or explanatory language is included in Exhibit 103 to the Form ABS-EE and is also incorporated by reference into this Form 10-D.

PART II - OTHER INFORMATION

Item 10. Exhibits.

Exhibit <br> <u>No.</u> <u>Description of Exhibit</u> <br> 99.1 [Distribution report of the issuing entity](mbalt2020b.htm)

102 [Asset Data File (Exhibit 102 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123000212/mbalt20bex102_0111-1900.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123000212/mbalt20bex103_0111-1859.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.

 Mercedes-Benz Auto Lease Trust 2020-B <br> (Issuing Entity)

 By: Mercedes-Benz Financial Services USA LLC <br> (Servicer)

---

| | |
|:---|:---|
| Date: January 23, 2023 | <u>By: /s/ Christopher Trainor</u> |
|  | Christopher Trainor |
|  | Vice President |

---

<u>EXHIBIT INDEX</u>

Exhibit <br> <u>No.</u> <u>Description of Exhibit</u> <br> 99.1 [Distribution report of the issuing entity](mbalt2020b.htm)

102 [Asset Data File (Exhibit 102 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123000212/mbalt20bex102_0111-1900.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123000212/mbalt20bex103_0111-1859.xml)

## Exhibit 99.1

------

**Investor Report**

**Mercedes-Benz Auto Lease Trust 2020-B**

Collection Period Ended

**Page 1 of 6**

Amounts in USD

31-Dec-2022

**Dates**

Interest Period of the Class A-1 Notes (from... to)

Collection Period (from... to)

17-Jan-2023

Payment Date

31-Dec-2022

1-Dec-2022

Actual/360 Days

Collection Period No.

Determination Date

Interest Period of the Class A-2, A-3 and A-4 Notes (from... 1/15/2023

12-Jan-2023

Record Date

13-Jan-2023

17-Jan-2023

15-Dec-2022

30/360 Days

15-Dec-2022

15-Jan-2023

**Summary**

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

Balance

0.00 Class A-1 Notes

0.000000 157,000,000.00

0.000000 0.00 0.00 0.00 Class A-2 Notes

0.000000 420,000,000.00

0.000000 0.00 0.00 61,876,922.49

Class A-3 Notes

131.379317 345,000,000.00

0.047974 45,325,864.43

16,551,058.06

88,120,000.00

Class A-4 Notes

0.000000 88,120,000.00

1.000000 0.00 88,120,000.00

 **149,996,922.49**

**Total Note Balance**

 **1,010,120,000.00**

 **45,325,864.43**

 **104,671,058.06**

Overcollateralization

186,075,195.22

186,075,195.22

**Total Securitization Value**

 **1,181,429,810.94**

171,309,810.94

present value of lease payments

present value of Base Residual Value

 **336,072,117.71**

 **290,746,253.28**

252,414,867.73

671,341,634.56

510,088,176.38

46,497,708.42

38,331,385.55

289,574,409.29

Initial Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

171,309,810.94

14.50%

186,075,195.22

15.75%

Target Overcollateralization Amount

186,075,195.22

15.75%

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

0.184160%

0.000000 0.00 0.000000 0.00 Class A-2 Notes

0.310000%

0.000000 0.00 0.000000 0.00 Class A-3 Notes

0.400000%

0.059784 45,346,490.07

131.439102 20,625.64

Class A-4 Notes

0.500000%

0.416667 36,716.67

0.416667 36,716.67

**$45,383,206.74** 

**Total**

 **57,342.31**

------

**Investor Report**

**Mercedes-Benz Auto Lease Trust 2020-B**

Collection Period Ended

**Page 2 of 6**

Amounts in USD

31-Dec-2022

Lease Payments Received

Net Sales Proceeds-early terminations (incl Defaulted Leases)

Net Sales Proceeds-scheduled terminations

&nbsp;&nbsp;&nbsp;&nbsp;Excess wear and tear included in Net Sales Proceeds

&nbsp;&nbsp;&nbsp;&nbsp;Excess mileage included in Net Sales Proceeds

Repurchase Payments

Advances made by the Servicer

Investment Earnings

**Total Available Collections**

Reserve Account Draw Amount

**Total Available Funds**

7,346,059.89

26,645.79

0.00 0.00 7,689.31

0.00 157,230.23

18,011,735.59

30,669,244.28

**Total Exchange Note Payments**

**Available Funds ABS Notes**

**Available 2020-B Collections**

 **56,184,269.99**

**Exchange Note Balance**

**Initial** 

**Balance**

**Beginning**

**Balance**

**Ending** 

**Balance**

 **1,122,358,320.39**

 **277,000,627.16**

 **231,674,762.73**

 **45,443,589.70**

45,443,589.70

**Subtotal**

56,027,039.76

(2) Interest Distributable Amount Class A Notes

(3) Priority Principal Distribution Amount

57,342.31

0.00 (4) To Reserve Fund to reach the Reserve Fund Required Amount

(5) Regular Principal Distribution Amount

(6) Additional Servicing Fee and Transition Costs

0.00 45,325,864.43

0.00 (7) Total Trustee Fees and any Asset Representations Reviewer fees

[not previously paid under (1)]

0.00 (8) Excess Collections to Certificateholders

**Total Distribution**

(1) Total Trustee Fees and any Asset Representations Reviewer fees

(max. $250,000 p.a.)

0.00 **45,443,589.70**

Nonrecoverable Advances to the Servicer

(1) Total Servicing Fee

(2) Exchange Note Interest Distributable Amount

(0.51%)

280,060.10

0.00 117,725.27

(3) Exchange Note Principal Distributable Amount

(4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i)

through (vii) of the Indenture (or, if applicable, pursuant to Section

5.04(b)(i)through (vii) of the Indenture) exceed the sum of the Exchange

Note Interest Distributable Amount and the Exchange Note Principal

Distributable Amount

(5) Remaining Funds Payable

45,325,864.43

**Total Distribution**

 **56,184,269.99**

**Distributions ABS Notes**

**Distribution on the Exchange Note**

0.00 60,382.96

10,460,620.19

------

**Investor Report**

**Mercedes-Benz Auto Lease Trust 2020-B**

Collection Period Ended

**Page 3 of 6**

Amounts in USD

31-Dec-2022

**Distribution Detail**

Amount Paid

Shortfall

Amount Due

0.00 280,060.10

280,060.10

Total Servicing Fee

Total Trustee Fee

0.00 0.00 0.00 57,342.31

57,342.31

0.00 Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00 0.00 0.00 thereof on Class A-2 Notes

0.00 0.00 0.00 thereof on Class A-3 Notes

20,625.64

0.00 20,625.64

thereof on Class A-4 Notes

36,716.67

0.00 36,716.67

Interest Carryover Shortfall Amount

0.00 0.00 0.00 thereof on Class A-1 Notes

0.00 0.00 0.00 thereof on Class A-2 Notes

0.00 0.00 0.00 thereof on Class A-3 Notes

0.00 0.00 0.00 thereof on Class A-4 Notes

0.00 0.00 0.00 Interest Distributable Amount Class A Notes

57,342.31

57,342.31

0.00 Priority Principal Distribution Amount

0.00 0.00 0.00 Regular Principal Distribution Amount

45,325,864.43

0.00 45,325,864.43

Principal Distribution Amount

45,325,864.43

45,325,864.43

0.00 ------

**Investor Report**

**Mercedes-Benz Auto Lease Trust 2020-B**

Collection Period Ended

**Page 4 of 6**

Amounts in USD

31-Dec-2022

**Reserve Fund and Investment Earnings**

**Investment Earnings**

Net Investment Earnings on the Reserve Fund

**Reserve Fund**

Reserve Fund Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fund Amount - Ending Balance

5,907,149.05

0.00 5,907,149.05

Reserve Fund Required Amount

&nbsp;&nbsp;&nbsp;&nbsp;plus top up Reserve Fund up to the Required Amount

&nbsp;&nbsp;&nbsp;&nbsp;plus Net Investment Earnings for the Collection Period

&nbsp;&nbsp;&nbsp;&nbsp;minus Net Investment Earnings

&nbsp;&nbsp;&nbsp;&nbsp;minus Reserve Fund Draw Amount

0.00 Investment Earnings for the Collection Period

Net Investment Earnings on the Exchange Note

&nbsp;&nbsp;&nbsp;&nbsp;Collection Account

140,067.06

17,163.17

17,163.17

17,163.17

157,230.23

5,907,149.05

0.00 **Notice to Investors**

------

**Investor Report**

**Mercedes-Benz Auto Lease Trust 2020-B**

Collection Period Ended

**Page 5 of 6**

Amounts in USD

31-Dec-2022

**Pool Statistics**

Securitization Value end of Collection Period

336,072,117.71

Securitization Value beginning of Collection Period

Number of Leases

Amount

**Pool Data**

24.61%

Pool Factor

Gross Losses

Terminations- Scheduled

Terminations- Early

Principal portion of lease payments

28,897

Cutoff Date Securitization Value

Repurchase Payment (excluding interest)

290,746,253.28

620,042.31

0.00 24,882,443.54

14,293,979.22

5,529,399.36

1,181,429,810.94

10,789

9,373

28.62%

775,726,981.78

260,966,984.69

6.68%

6.67%

6.78 33.94 Cumulative Turn-in Ratio

Aggregate Base Residual Value

11.38 27.02 Current

As of Cutoff Date

Weighted Average Seasoning (months)

Weighted Average Remaining Term (months)

Weighted Average Securitization Rate

Proportion of base prepayment assumption realized life to date

Actual lifetime prepayment speed

0.71%

76.22%

**Delinquency Profile**

**Delinquency Profile \***

0.09%

268,041.31

91-120 Days Delinquent

9,327

808,931.51

289,151,195.06

518,085.40

100.00%

9,373

290,746,253.28

\*A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease

\*\*Based on the actual Securitization Value of the respective leases

Total

Percentage

Number of Leases

Amount \*\*

99.45%

Current

0.18%

0.28%

31-60 Days Delinquent

61-90 Days Delinquent

**Delinquency Trigger**

 **4.747%**

No

60+ Delinquency Leases to EOP Aggregate Securitization Value

Delinquency Trigger occurred

0.270%

------

**Investor Report**

**Mercedes-Benz Auto Lease Trust 2020-B**

Collection Period Ended

**Page 6 of 6**

Amounts in USD

31-Dec-2022

**Loss Statistics**

**Current**

**Credit Loss**

**Amount**

**Number of Leases**

**Cumulative**

**Number of Leases**

**Amount**

Recoveries

Liquidation Proceeds

Securitization Value of Defaulted Leases, Beg of Collection Period

521,064.22

117,508.97

466,226.33

Principal Net Credit Loss / (Gain)

(62,671.08)

18,779,735.86

(1,554,021.67)

512

17,013,590.04

3,320,167.49

**Net Credit Loss / (Gain) as % of Average Securitization Value (annualized):**

Second Prior Collection Period

Prior Collection Period

Current Collection Period

Third Prior Collection Period

Four Month Average

(0.240)%

(0.179)%

**Cumulative Net Credit Loss / (Gain) as % of Cutoff Date Securitization Value**

**Average Net Credit Loss / (Gain)**

(3,035.20)

(0.132)%

(0.199%)

(0.266%)

(0.010%)

**Current**

**Residual Loss**

**Amount**

**Number of Leases**

**Cumulative**

**Number of Leases**

**Amount**

Sales Proceeds and Other Payments Received

Securitization Value of Liquidated Leases, Beg of Collection Period

Residual Loss / (Gain)

39,275,400.85

1,404

546,485,607.23

19,004

48,053,508.63

668,161,918.02

(8,778,107.78)

(121,676,310.79)

**Residual Loss / (Gain) as % of Average Securitization Value (annualized):**

Second Prior Collection Period

Prior Collection Period

Current Collection Period

Third Prior Collection Period

Four Month Average

(33.610)%

(23.357)%

**Average Residual Loss / (Gain)**

**Cumulative Residual Loss / (Gain) as % of Cutoff Date Securitization Value**

(10.299)%

(6,402.67)

(24.525%)

(16.744%)

(18.548%)

### Attached PDF Documents

**Attachment 1:** `mbalt2020b.pdf`

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 31-Dec-2022

Page 1 of 6

Amounts in USD

# **Dates**

| Collection Period No. | 28 |  |  |  |
| --- | --- | --- | --- | --- |
| Collection Period (from... to) | 1-Dec-2022 | 31-Dec-2022 |  |  |
| Determination Date | 12-Jan-2023 |  |  |  |
| Record Date | 13-Jan-2023 |  |  |  |
| Payment Date | 17-Jan-2023 |  |  |  |
| Interest Period of the Class A-1 Notes (from... to) | 15-Dec-2022 | 17-Jan-2023 | Actual/360 Days | 33 |
| Interest Period of the Class A-2, A-3 and A-4 Notes (from... 1/15/2023) | 15-Dec-2022 | 15-Jan-2023 | 30/360 Days | 30 |

# **Summary**

|  | Initial Balance | Beginning Balance | Ending Balance | Principal Payment | Principal per $1000 Face Amount | Note Factor |
| --- | --- | --- | --- | --- | --- | --- |
| Class A-1 Notes | 157,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-2 Notes | 420,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-3 Notes | 345,000,000.00 | 61,876,922.49 | 16,551,058.06 | 45,325,864.43 | 131.379317 | 0.047974 |
| Class A-4 Notes | 88,120,000.00 | 88,120,000.00 | 88,120,000.00 | 0.00 | 0.000000 | 1.000000 |
| Total Note Balance | 1,010,120,000.00 | 149,996,922.49 | 104,671,058.06 | 45,325,864.43 |  |  |

| Overcollateralization | 171,309,810.94 | 186,075,195.22 | 186,075,195.22 |
| --- | --- | --- | --- |

| Total Securitization Value | 1,181,429,810.94 | 336,072,117.71 | 290,746,253.28 |
| --- | --- | --- | --- |

| present value of lease payments | 510,088,176.38 | 46,497,708.42 | 38,331,385.55 |
| --- | --- | --- | --- |

| present value of Base Residual Value | 671,341,634.56 | 289,574,409.29 | 252,414,867.73 |
| --- | --- | --- | --- |

|  | Amount | Percentage |
| --- | --- | --- |
| Initial Overcollateralization Amount | 171,309,810.94 | 14.50% |
| Target Overcollateralization Amount | 186,075,195.22 | 15.75% |
| Current Overcollateralization Amount | 186,075,195.22 | 15.75% |

|  | Interest Rate | Interest Payment | Interest per $1000 Face Amount | Interest & Principal Payment | Interest & Principal Payment per $1000 Face Amount |
| --- | --- | --- | --- | --- | --- |
| Class A-1 Notes | 0.184160% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-2 Notes | 0.310000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-3 Notes | 0.400000% | 20,625.64 | 0.059784 | 45,346,490.07 | 131.439102 |
| Class A-4 Notes | 0.500000% | 36,716.67 | 0.416667 | 36,716.67 | 0.416667 |
| Total |  | 57,342.31 |  | $45,383,206.74 |  |

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 31-Dec-2022

Page 2 of 6

Amounts in USD

|  | Initial Balance | Beginning Balance | Ending Balance |
| --- | --- | --- | --- |
| Exchange Note Balance | 1,122,358,320.39 | 277,000,627.16 | 231,674,762.73 |

Available 2020-B Collections

| Lease Payments Received | 7,346,059.89 |
| --- | --- |
| Net Sales Proceeds-early terminations (incl Defaulted Leases) | 18,011,735.59 |
| Net Sales Proceeds-scheduled terminations | 30,669,244.28 |
| Excess wear and tear included in Net Sales Proceeds | 7,689.31 |
| Excess mileage included in Net Sales Proceeds | 26,645.79 |
| Subtotal | 56,027,039.76 |
| Repurchase Payments | 0.00 |
| Advances made by the Servicer | 0.00 |
| Investment Earnings | 157,230.23 |
| Total Available Collections | 56,184,269.99 |

Distribution on the Exchange Note

| (1) Total Servicing Fee | 280,060.10 |
| --- | --- |
| Nonrecoverable Advances to the Servicer | 0.00 |
| (2) Exchange Note Interest Distributable Amount (0.51%) | 117,725.27 |
| (3) Exchange Note Principal Distributable Amount | 45,325,864.43 |
| (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section 5.04(b)(i) through (vii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount | 0.00 |
| (5) Remaining Funds Payable | 10,460,620.19 |
| Total Distribution | 56,184,269.99 |

Available Funds ABS Notes

| Total Exchange Note Payments | 45,443,589.70 |
| --- | --- |
| Reserve Account Draw Amount | 0.00 |
| Total Available Funds | 45,443,589.70 |

Distributions ABS Notes

| (1) Total Trustee Fees and any Asset Representations Reviewer fees (max. $250,000 p.a.) | 0.00 |
| --- | --- |
| (2) Interest Distributable Amount Class A Notes | 57,342.31 |
| (3) Priority Principal Distribution Amount | 0.00 |
| (4) To Reserve Fund to reach the Reserve Fund Required Amount | 0.00 |
| (5) Regular Principal Distribution Amount | 45,325,864.43 |
| (6) Additional Servicing Fee and Transition Costs | 0.00 |
| (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] | 0.00 |
| (8) Excess Collections to Certificateholders | 60,382.96 |
| Total Distribution | 45,443,589.70 |

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 31-Dec-2022

Page 3 of 6

Amounts in USD

# **Distribution Detail**

|  | Amount Due | Amount Paid | Shortfall |
| --- | --- | --- | --- |
| Total Servicing Fee | 280,060.10 | 280,060.10 | 0.00 |
| Total Trustee Fee | 0.00 | 0.00 | 0.00 |
| Monthly Interest Distributable Amount | 57,342.31 | 57,342.31 | 0.00 |
| thereof on Class A-1 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-3 Notes | 20,625.64 | 20,625.64 | 0.00 |
| thereof on Class A-4 Notes | 36,716.67 | 36,716.67 | 0.00 |
| Interest Carryover Shortfall Amount | 0.00 | 0.00 | 0.00 |
| thereof on Class A-1 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-3 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-4 Notes | 0.00 | 0.00 | 0.00 |
| Interest Distributable Amount Class A Notes | 57,342.31 | 57,342.31 | 0.00 |
| Priority Principal Distribution Amount | 0.00 | 0.00 | 0.00 |
| Regular Principal Distribution Amount | 45,325,864.43 | 45,325,864.43 | 0.00 |
| Principal Distribution Amount | 45,325,864.43 | 45,325,864.43 | 0.00 |

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 31-Dec-2022

Page 4 of 6

Amounts in USD

# **Reserve Fund and Investment Earnings**

# **Reserve Fund**

| Reserve Fund Required Amount | 5,907,149.05 |
| --- | --- |

| Reserve Fund Amount - Beginning Balance | 5,907,149.05 |
| --- | --- |

| plus top up Reserve Fund up to the Required Amount | 0.00 |
| --- | --- |

| plus Net Investment Earnings for the Collection Period | 17,163.17 |
| --- | --- |

| minus Net Investment Earnings | 17,163.17 |
| --- | --- |

| minus Reserve Fund Draw Amount | 0.00 |
| --- | --- |

| Reserve Fund Amount - Ending Balance | 5,907,149.05 |
| --- | --- |

| Reserve Fund Deficiency | 0.00 |
| --- | --- |

# **Investment Earnings**

| Net Investment Earnings on the Reserve Fund | 17,163.17 |
| --- | --- |

| Net Investment Earnings on the Exchange Note |  |
| --- | --- |

| Collection Account | 140,067.06 |
| --- | --- |

| Investment Earnings for the Collection Period | 157,230.23 |
| --- | --- |

# **Notice to Investors**

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 31-Dec-2022

Page 5 of 6

Amounts in USD

# **Pool Statistics**

# **Pool Data**

|  | Amount | Number of Leases |
| --- | --- | --- |
| Cutoff Date Securitization Value | 1,181,429,810.94 | 28,897 |
| Securitization Value beginning of Collection Period | 336,072,117.71 | 10,789 |
| Principal portion of lease payments | 5,529,399.36 |  |
| Terminations- Early | 14,293,979.22 |  |
| Terminations- Scheduled | 24,882,443.54 |  |
| Repurchase Payment (excluding interest) | 0.00 |  |
| Gross Losses | 620,042.31 |  |
| Securitization Value end of Collection Period | 290,746,253.28 | 9,373 |
| Pool Factor | 24.61% |  |
|  | As of Cutoff Date | Current |
| Weighted Average Securitization Rate | 6.68% | 6.67% |
| Weighted Average Remaining Term (months) | 27.02 | 6.78 |
| Weighted Average Seasoning (months) | 11.38 | 33.94 |
| Aggregate Base Residual Value | 775,726,981.78 | 260,966,984.69 |
| Cumulative Turn-in Ratio |  | 28.62% |
| Proportion of base prepayment assumption realized life to date |  | 76.22% |
| Actual lifetime prepayment speed |  | 0.71% |

# **Delinquency Profile**

| Delinquency Profile * | Amount ** | Number of Leases | Percentage |
| --- | --- | --- | --- |
| Current | 289,151,195.06 | 9,327 | 99.45% |
| 31-60 Days Delinquent | 808,931.51 | 26 | 0.28% |
| 61-90 Days Delinquent | 518,085.40 | 14 | 0.18% |
| 91-120 Days Delinquent | 268,041.31 | 6 | 0.09% |
| Total | 290,746,253.28 | 9,373 | 100.00% |

# **Delinquency Trigger**

| 60+ Delinquency Leases to EOP Aggregate Securitization Value | 4.747% |
| --- | --- |
| Delinquency Trigger occurred | 0.270% |
|  | No |

*A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease

**Based on the actual Securitization Value of the respective leases

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 31-Dec-2022

Page 6 of 6

Amounts in USD

| Loss Statistics |  |  |  |  |
| --- | --- | --- | --- | --- |
| Credit Loss | Current |  | Cumulative |  |
|  | Amount | Number of Leases | Amount | Number of Leases |
| Securitization Value of Defaulted Leases, Beg of Collection Period | 521,064.22 | 12 | 18,779,735.86 | 512 |
| Liquidation Proceeds | 466,226.33 |  | 17,013,590.04 |  |
| Recoveries | 117,508.97 |  | 3,320,167.49 |  |
| Principal Net Credit Loss / (Gain) | (62,671.08) |  | (1,554,021.67) |  |
| Net Credit Loss / (Gain) as % of Average Securitization Value (annualized): |  |  |  |  |
| Current Collection Period | (0.240)% |  |  |  |
| Prior Collection Period | (0.199)% |  |  |  |
| Second Prior Collection Period | (0.266)% |  |  |  |
| Third Prior Collection Period | (0.010)% |  |  |  |
| Four Month Average | (0.179)% |  |  |  |
| Cumulative Net Credit Loss / (Gain) as % of Cutoff Date Securitization Value |  |  | (0.132)% |  |
| Average Net Credit Loss / (Gain) |  |  | (3,035.20) |  |
| Residual Loss | Current |  | Cumulative |  |
|  | Amount | Number of Leases | Amount | Number of Leases |
| Securitization Value of Liquidated Leases, Beg of Collection Period | 39,275,400.85 | 1,404 | 546,485,607.23 | 19,004 |
| Sales Proceeds and Other Payments Received | 48,053,508.63 |  | 668,161,918.02 |  |
| Residual Loss / (Gain) | (8,778,107.78) |  | (121,676,310.79) |  |
| Residual Loss / (Gain) as % of Average Securitization Value (annualized): |  |  |  |  |
| Current Collection Period | (33.610)% |  |  |  |
| Prior Collection Period | (24.525)% |  |  |  |
| Second Prior Collection Period | (18.548)% |  |  |  |
| Third Prior Collection Period | (16.744)% |  |  |  |
| Four Month Average | (23.357)% |  |  |  |
| Cumulative Residual Loss / (Gain) as % of Cutoff Date Securitization Value |  |  | (10.299)% |  |
| Average Residual Loss / (Gain) |  |  | (6,402.67) |  |