# EDGAR Filing Document

**Accession Number:** 0001957889
**File Stem:** 0000929638-23-000250
**Filing Date:** 2023-2
**Character Count:** 4600
**Document Hash:** 1c3360c4dd6b075804acadbe2633a02c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-23-000250.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0000929638-23-000250

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Vehicle Lease Trust 2023-1
- **CENTRAL INDEX KEY:** 0001957889
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-260903-03
- **FILM NUMBER:** 23577302

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW AUTO LEASING LLC
- **CENTRAL INDEX KEY:** 0001126530
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**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

#### Free Writing Prospectus

#### Filed Pursuant to Rule 433

#### Registration Statement Nos. 333-260903 and 333-260903-03

**BMW AUTO LEASING LLC HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND THE OTHER DOCUMENTS BMW AUTO LEASING LLC HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT BMW AUTO LEASING LLC, BMW VEHICLE LEASE TRUST 2023-1 AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, BMW AUTO LEASING LLC, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING 1-800-294-1322.**

Free Writing Prospectus dated February 1, 2023

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| | |
|:---|:---|
| **$1,000,000,000<br> Asset-Backed Notes** | **$1,000,000,000<br> Asset-Backed Notes** |
| **BMW Vehicle Lease Trust 2023-1<br> Issuing Entity**<br> **(CIK Number: 0001957889)** | **BMW Vehicle Lease Trust 2023-1<br> Issuing Entity**<br> **(CIK Number: 0001957889)** |
| **BMW Auto Leasing LLC<br> Depositor**<br> **(CIK Number: 0001126530)** | **BMW Financial Services NA, LLC<br> Sponsor, Servicer and Administrator**<br> **(CIK Number: 0001541188)** |

---

The depositor has prepared a preliminary prospectus dated February 1, 2023 which describes the notes to be issued by the issuing entity. You should review such preliminary prospectus in its entirety before deciding to purchase any of the notes.

#### Ratings
It is a condition to the issuance of the notes that, on the closing date, they receive at least the indicated ratings from S&P Global Ratings ("S&P") and Moody's Investors Service, Inc. ("Moody's" and, together with S&P, the "rating agencies"), listed below.

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| | | |
|:---|:---|:---|
|  | S&P | Moody's |
| Class A-1 Notes | A-1+ (sf) | P-1 (sf) |
| Class A-2 Notes | AAA (sf) | Aaa (sf) |
| Class A-3 Notes | AAA (sf) | Aaa (sf) |
| Class A-4 Notes | AAA (sf) | Aaa (sf) |

---

A security rating is not a recommendation to buy, sell or hold notes. The ratings of the notes address the likelihood of the payment of principal and interest on the notes according to their terms. Each rating agency rating the notes will monitor the ratings using its normal surveillance procedures. Any rating agency may change or withdraw its assigned rating at any time. If this happens, no person or entity will be obligated to provide any additional credit enhancement for the notes. Any rating action taken by one rating agency may not necessarily be taken by the other rating agency.

None of the sponsor, the depositor, the servicer, the administrator, the indenture trustee, the owner trustee, the asset representations reviewer or any of their affiliates will be required to monitor any changes to the ratings on these notes.

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| | | |
|:---|:---|:---|
|  | ***Joint Bookrunners*** |  |
| **BofA Securities** | **Barclays** | **Mizuho** |

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***Co-Managers***

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| | |
|:---|:---|
| **TD Securities** | **US Bancorp** |

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