# EDGAR Filing Document

**Accession Number:** 0001821260
**File Stem:** 0001853620-23-000072
**Filing Date:** 2023-3
**Character Count:** 28498
**Document Hash:** 514cf19ecd4dfbe66ba5b8c137d88fe7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-23-000072.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001853620-23-000072

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230315

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**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:** 23751897

**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> February 1, 2023 to February 28, 2023

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 March 15, 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 February 01, 2023 to February 28, 2023. |

---

&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 03, 2023, 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 March 21, 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 March 21, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123001196/mbalt20bex102_0314-1626.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on March 21, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123001196/mbalt20bex103_0314-1627.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: March 22, 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 March 21, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123001196/mbalt20bex102_0314-1626.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on March 21, 2023)](http://www.sec.gov/Archives/edgar/data/1537805/000095013123001196/mbalt20bex103_0314-1627.xml)

## Exhibit 99.1

------

#### Mercedes-Benz Auto Lease

#### T

#### rust 2020-B
Page 1 of 6

Amounts in USD

Investor Report

Collection Period Ended

28-Feb-2023

Dates

28-Feb-2023

Collection Period No.

Collection Period (from... to)

Determination Date

Record Date

Payment Date

Interest Period of the Clas

s

A-1 Notes (from... to)

Interest Period of the Clas

s

A-2, A-3 an

d

A-4 Notes (from... 3/15/2023

Actual/360 Days

30/360 Days

1-Feb-2023

13-Mar-2023

14-Mar-2023

15-Mar-2023

15-Feb-2023

15-Feb-2023

15-Mar-2023

15-Mar-2023

Summary

Beginning

Balance

0.00 0.00 0.00 59,784,826.28

Clas

s

Notes

Clas

s

Notes

Clas

s

Notes

Clas

s

A-4 Notes

Principal per $1000

Fac

e

Amount

0.000000 0.000000 0.000000 443.076428 Initial

Balance

157,000,000.00

420,000,000.00

345,000,000.00

88,120,000.00

Note

Factor

0.000000 0.000000 0.000000 0.235371 Principal

Payment

0.00 0.00 0.00 39,043,894.86

Ending

Balance

0.00 0.00 0.00 20,740,931.42

59,784,826.28

#### T

#### otal Note Balance
1,010,120,000.00

39,043,894.86

20,740,931.42

Overcollateralization

186,075,195.22

186,075,195.22

171,309,810.94

#### T

#### otal Securitization

#### V

#### alue
present value of lease payments

present value of Base Residual

V

alue

1,181,429,810.94

510,088,176.38

671,341,634.56

206,816,126.64

25,783,139.62

181,032,987.02

245,860,021.50

31,375,542.95

214,484,478.55

Amount

Percentage

Initial Overcollateralizatio

n

Amount

T

arget Overcollateralizatio

n

Amount

Current Overcollateralizatio

n

Amount

171,309,810.94

186,075,195.22

186,075,195.22

14.50%

15.75%

15.75%

Clas

s

Notes

Clas

s

Notes

Clas

s

Notes

Clas

s

A-4 Notes

Interest

Rate

0.184160%

0.310000%

0.400000%

0.500000%

Interest per

$1000 Fac

e

Amount

0.000000 0.000000 0.000000 0.282687 Interest & Principal

Payment

0.00 0.00 0.00 39,068,805.20

Interest & Principal Payment

per $1000 Fac

e

Amount

0.000000 0.000000 0.000000 443.359115 Interest Payment

0.00 0.00 0.00 24,910.34

$39,068,805.20

#### T

#### otal
24,910.34

------

#### Mercedes-Benz Auto Lease

#### T

#### rust 2020-B
Investor Report

Collection Period Ended

Page 2 of 6

Amounts in USD

28-Feb-2023

Lease Payments Received

Net Sales Proceeds-early terminations (incl Defaulted Leases)

Net Sales Proceeds-scheduled terminations

Excess wear and tear included in Net Sales Proceeds

Excess mileage included in Net Sales Proceeds

Repurchase Payments

Advances made by the Servicer

Investment Earnings

#### T

#### otal

#### A

#### vailable Collections

#### T

#### otal Exchange Note Payments
Reserv

e

Account Dra

w

Amount

#### T

#### otal

#### A

#### vailable Funds

#### A

#### vailable Funds ABS Notes

#### A

#### vailable 2020-B Collections
48,218,266.47

Initial

Balance

Beginning

Balance

Ending

Balance

#### Exchange Note Balance

#### 1,122,358,320.39

#### 186,788,530.95

#### 147,744,636.09
39,123,279.99

39,123,279.99

0.00 Subtotal

5,353,128.05

12,497,715.17

30,209,946.08

13,353.71

63,294.27

48,060,789.30

0.00 0.00 157,477.17

24,910.34

0.00 0.00 39,043,894.86

0.00 0.00 (8) Excess Collections to Certificateholders

#### T

#### otal Distribution
(1) T

otal Trustee Fees and an

y

Asset Representations Reviewer fees

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

(2) Interest Distributabl

e

Amount Clas

s

A Notes

(3) Priority Principal Distributio

n

Amount

(4) T

o Reserve Fund to reach the Reserve Fund Require

d

Amount

(5) Regular Principal Distributio

n

Amount

(6) Additional Servicing Fee and Transition Costs

(7) T

otal Trustee Fees and an

y

Asset Representations Reviewer fees

[not previously paid under (1)]

0.00 39,123,279.99

(1) T

otal Servicing Fee

Nonrecoverabl

e

Advances to the Servicer

(2) Exchange Note Interest Distributabl

e

Amount

(0.51%)

(3) Exchange Note Principal Distributabl

e

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 Distributabl

e

Amount and the Exchange Note Principal

Distributabl

e

Amount

(5) Remaining Funds Payable

#### T

#### otal Distribution
48,218,266.47

Distributions ABS Notes

Distribution on the Exchange Note

204,883.35

0.00 79,385.13

39,043,894.86

0.00 54,474.79

8,890,103.13

------

#### Mercedes-Benz Auto Lease

#### T

#### rust 2020-B
Page 3 of 6

Amounts in USD

Investor Report

Collection Period Ended

28-Feb-2023

Distribution Detail

Amount Paid

Shortfall

Amount Due

T

otal Servicing Fee

T

otal Trustee Fee

204,883.35

0.00 0.00 0.00 204,883.35

0.00 Monthly Interest Distributabl

e

Amount

thereof on Clas

s

A-1 Notes

thereof on Clas

s

A-2 Notes

thereof on Clas

s

A-3 Notes

thereof on Clas

s

A-4 Notes

24,910.34

0.00 0.00 0.00 24,910.34

0.00 0.00 0.00 0.00 0.00 24,910.34

0.00 0.00 0.00 24,910.34

Interest Carryover Shortfal

l

Amount

thereof on Clas

s

Notes

thereof on Clas

s

Notes

thereof on Clas

s

Notes

thereof on Clas

s

Notes

Interest Distributabl

e

Amount Clas

s

A

Notes

0.00 0.00 0.00 0.00 0.00 24,910.34

0.00 0.00 0.00 0.00 0.00 24,910.34

0.00 0.00 0.00 0.00 0.00 0.00 Priority Principal Distributio

n

Amount

0.00 0.00 0.00 Regular Principal Distributio

n

Amount

39,043,894.86

0.00 39,043,894.86

Principal Distributio

n

Amount

39,043,894.86

39,043,894.86

0.00 ------

#### Mercedes-Benz Auto Lease

#### T

#### rust 2020-B
Page 4 of 6

Amounts in USD

Investor Report

Collection Period Ended

28-Feb-2023

Investment Earnings

Reserve Fund and Investment Earnings

Reserve Fund

Reserve Fund Deficiency

5,907,149.05

Reserve Fund Require

d

Amount

Reserve Fun

d

Amount - Beginning Balance

plus top up Reserve Fund up to the Require

d

Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Dra

w

Amount

Reserve Fun

d

Amount - Ending Balance

Net Investment Earnings on the Reserve Fund

Net Investment Earnings on the Exchange Note

Collectio

n

Account

Investment Earnings for the Collection Period

17,120.97

140,356.20

157,477.17

5,907,149.05

0.00 17,120.97

17,120.97

0.00 5,907,149.05

0.00 Notice to Investors

Mercedes-Benz Financial Services USA LLC, as Servicer has elected to exercise its option under Section 5.01 of the 2020-B Servicing Supplement to purchase the 2020-B Exchange

Note on March 15, 2023 (the "Redemption Date") and has deposited $20,740,931.42 into the 2020

-

B Exchange Note Collectio

n

Account to redeem the balance of the Clas

s

A-4 Note.

Therefore, pursuant to Section 10.01 of the Indenture, the Notes will be redeemed on the Redemption Date.

------

#### Mercedes-Benz Auto Lease

#### T

#### rust 2020-B
Page 5 of 6

Amounts in USD

Investor Report

Collection Period Ended

28-Feb-2023

Pool Statistics

Pool Data

17.51%

Pool Factor

Number of Leases

28,897

Cutoff Date Securitization

V

alue

Securitization

V

alue beginning of Collection Period

Principal portion of lease payments

T

erminations- Early

T

erminations- Scheduled

Repurchase Payment (excluding interest)

Gross Losses

Securitization

V

alue end of Collection Period

245,860,021.50

4,007,789.66

10,201,962.23

24,184,019.06

0.00 650,123.91

206,816,126.64

Amount

1,181,429,810.94

7,959

6,698

As of Cutoff Date

6.68%

27.02 11.38 775,726,981.78

W

eighte

d

A

verage Securitization Rate

W

eighte

d

A

verage Remaining

T

erm (months)

W

eighte

d

A

verage Seasoning (months)

Aggregate Base Residual

V

alue

Cumulative Turn-in Ratio

Proportion of base prepayment assumption realized life to date

Actual lifetime prepayment speed

Current

6.67%

6.45 35.51 186,847,564.68

27.92%

79.49%

0.72%

Delinquency Profile

\*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

V

alue of the respective leases

Amount \*\*

205,681,263.95

603,477.42

397,443.27

133,942.00

206,816,126.64

Percentage

99.45%

0.29%

0.19%

0.06%

100.00%

Delinquency Profile \*

Current

31-60

Days

Delinquent

61-90

Days

Delinquent

91-120 Days Delinquent

T

otal

Number of Leases

6,662

6,698

#### Delinquency

#### T

#### rigger

#### 4.747%
60+ Delinquency Leases to EO

P

Aggregate Securitization

V

alue

0.257%

Delinquency Trigger occurred

No

------

#### Mercedes-Benz Auto Lease

#### T

#### rust 2020-B
Page 6 of 6

Amounts in USD

Investor Report

Collection Period Ended

28-Feb-2023

Loss Statistics

Current

#### Credit Loss

#### Amount

#### Number of Leases
Cumulative

#### Amount

#### Number of Leases
Securitization

V

alue of Defaulted Leases, Beg of Collection Period

Liquidation Proceeds

Recoveries

299,169.95

164,264.27

130,163.80

Principal Net Credit Loss / (Gain)

4,741.88

(1,365,004.31)

19,561,934.05

536

17,422,752.57

3,504,185.79

#### Net Credit Loss / (Gain) as % of

#### A

#### verage Securitization

#### V

#### alue (annualized):
Current Collection Period

Prior Collection Period

Second

Prior Collection Period Third

Prior Collection Period

Four Mont

h

A

verage

0.102%

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

#### V

#### alue

#### A

#### verage Net Credit Loss / (Gain)
(2,546.65)

(0.116)%

0.025%

0.824 %

(0.240%)

(0.199%)

Current

#### Residual Loss

#### Amount

#### Number of Leases
Cumulative

#### Amount

#### Number of Leases
Securitization

V

alue of Liquidated Leases, Beg of Collection Period

Sales Proceeds and Other Payments Received

Residual Loss / (Gain)

34,736,935.25

42,380,725.57

1,252

620,842,320.81

21,655

758,693,924.50

(7,643,790.32)

(137,851,603.69)

#### Residual Loss / (Gain) as % of

#### A

#### verage Securitization

#### V

#### alue (annualized):
Current Collection Period

Prior Collection Period

Second

Prior Collection Period Third

Prior Collection Period

Four Mont

h

A

verage

(34.205)%

#### A

#### verage Residual Loss / (Gain)

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

#### V

#### alue
(11.668)%

(6,365.81)

(40.526)%

(38.158%)

(33.610%)

(24.525%)

### Attached PDF Documents

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

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 28-Feb-2023

Page 1 of 6

Amounts in USD

# **Dates**

| Collection Period No. | 30 |  |  |  |
| --- | --- | --- | --- | --- |
| Collection Period (from... to) | 1-Feb-2023 | 28-Feb-2023 |  |  |
| Determination Date | 13-Mar-2023 |  |  |  |
| Record Date | 14-Mar-2023 |  |  |  |
| Payment Date | 15-Mar-2023 |  |  |  |
| Interest Period of the Class A-1 Notes (from... to) | 15-Feb-2023 | 15-Mar-2023 | Actual/360 Days | 28 |
| Interest Period of the Class A-2, A-3 and A-4 Notes (from... 3/15/2023) | 15-Feb-2023 | 15-Mar-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 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-4 Notes | 88,120,000.00 | 59,784,826.28 | 20,740,931.42 | 39,043,894.86 | 443.076428 | 0.235371 |
| Total Note Balance | 1,010,120,000.00 | 59,784,826.28 | 20,740,931.42 | 39,043,894.86 |  |  |

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

| Total Securitization Value | 1,181,429,810.94 | 245,860,021.50 | 206,816,126.64 |
| --- | --- | --- | --- |

| present value of lease payments | 510,088,176.38 | 31,375,542.95 | 25,783,139.62 |
| --- | --- | --- | --- |

| present value of Base Residual Value | 671,341,634.56 | 214,484,478.55 | 181,032,987.02 |
| --- | --- | --- | --- |

|  | 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% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-4 Notes | 0.500000% | 24,910.34 | 0.282687 | 39,068,805.20 | 443.359115 |
| Total |  | 24,910.34 |  | $39,068,805.20 |  |

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 28-Feb-2023

Page 2 of 6

Amounts in USD

|  | Initial Balance | Beginning Balance | Ending Balance |
| --- | --- | --- | --- |
| Exchange Note Balance | 1,122,358,320.39 | 186,788,530.95 | 147,744,636.09 |

Available 2020-B Collections

| Lease Payments Received | 5,353,128.05 |
| --- | --- |
| Net Sales Proceeds-early terminations (incl Defaulted Leases) | 12,497,715.17 |
| Net Sales Proceeds-scheduled terminations | 30,209,946.08 |
| Excess wear and tear included in Net Sales Proceeds | 13,353.71 |
| Excess mileage included in Net Sales Proceeds | 63,294.27 |
| Subtotal | 48,060,789.30 |
| Repurchase Payments | 0.00 |
| Advances made by the Servicer | 0.00 |
| Investment Earnings | 157,477.17 |
| Total Available Collections | 48,218,266.47 |

Distribution on the Exchange Note

| (1) Total Servicing Fee | 204,883.35 |
| --- | --- |
| Nonrecoverable Advances to the Servicer | 0.00 |
| (2) Exchange Note Interest Distributable Amount (0.51%) | 79,385.13 |
| (3) Exchange Note Principal Distributable Amount | 39,043,894.86 |
| (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 | 8,890,103.13 |
| Total Distribution | 48,218,266.47 |

Available Funds ABS Notes

| Total Exchange Note Payments | 39,123,279.99 |
| --- | --- |
| Reserve Account Draw Amount | 0.00 |
| Total Available Funds | 39,123,279.99 |

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 | 24,910.34 |
| (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 | 39,043,894.86 |
| (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 | 54,474.79 |
| Total Distribution | 39,123,279.99 |

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 28-Feb-2023

Page 3 of 6

Amounts in USD

# **Distribution Detail**

|  | Amount Due | Amount Paid | Shortfall |
| --- | --- | --- | --- |
| Total Servicing Fee | 204,883.35 | 204,883.35 | 0.00 |
| Total Trustee Fee | 0.00 | 0.00 | 0.00 |
| Monthly Interest Distributable Amount | 24,910.34 | 24,910.34 | 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 | 24,910.34 | 24,910.34 | 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 | 24,910.34 | 24,910.34 | 0.00 |
| Priority Principal Distribution Amount | 0.00 | 0.00 | 0.00 |
| Regular Principal Distribution Amount | 39,043,894.86 | 39,043,894.86 | 0.00 |
| Principal Distribution Amount | 39,043,894.86 | 39,043,894.86 | 0.00 |

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 28-Feb-2023

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 | 17,120.97 |
| --- | --- |

| minus Net Investment Earnings | 17,120.97 |
| --- | --- |

| 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 | 17,120.97 |
| --- | --- |

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

| Collection Account | 140,356.20 |
| --- | --- |

| Investment Earnings for the Collection Period | 157,477.17 |
| --- | --- |

# **Notice to Investors**

Mercedes-Benz Financial Services USA LLC, as Servicer has elected to exercise its option under Section 5.01 of the 2020-B Servicing Supplement to purchase the 2020-B Exchange Note on March 15, 2023 (the 'Redemption Date') and has deposited $20,740,931.42 into the 2020-B Exchange Note Collection Account to redeem the balance of the Class A-4 Note. Therefore, pursuant to Section 10.01 of the Indenture, the Notes will be redeemed on the Redemption Date.

Mercedes-Benz Auto Lease Trust 2020-B

Investor Report

Collection Period Ended 28-Feb-2023

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 | 245,860,021.50 | 7,959 |
| Principal portion of lease payments | 4,007,789.66 |  |
| Terminations- Early | 10,201,962.23 |  |
| Terminations- Scheduled | 24,184,019.06 |  |
| Repurchase Payment (excluding interest) | 0.00 |  |
| Gross Losses | 650,123.91 |  |
| Securitization Value end of Collection Period | 206,816,126.64 | 6,698 |
| Pool Factor | 17.51% |  |
|  | As of Cutoff Date | Current |
| Weighted Average Securitization Rate | 6.68% | 6.67% |
| Weighted Average Remaining Term (months) | 27.02 | 6.45 |
| Weighted Average Seasoning (months) | 11.38 | 35.51 |
| Aggregate Base Residual Value | 775,726,981.78 | 186,847,564.68 |
| Cumulative Turn-in Ratio |  | 27.92% |
| Proportion of base prepayment assumption realized life to date |  | 79.49% |
| Actual lifetime prepayment speed |  | 0.72% |

# **Delinquency Profile**

| Delinquency Profile * | Amount ** | Number of Leases | Percentage |
| --- | --- | --- | --- |
| Current | 205,681,263.95 | 6,662 | 99.45% |
| 31-60 Days Delinquent | 603,477.42 | 18 | 0.29% |
| 61-90 Days Delinquent | 397,443.27 | 13 | 0.19% |
| 91-120 Days Delinquent | 133,942.00 | 5 | 0.06% |
| Total | 206,816,126.64 | 6,698 | 100.00% |
| Delinquency Trigger |  |  | 4.747% |
| 60+ Delinquency Leases to EOP Aggregate Securitization Value |  |  | 0.257% |
| Delinquency Trigger occurred |  |  | 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 28-Feb-2023

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 | 299,169.95 | 9 | 19,561,934.05 | 536 |
| Liquidation Proceeds | 164,264.27 |  | 17,422,752.57 |  |
| Recoveries | 130,163.80 |  | 3,504,185.79 |  |
| Principal Net Credit Loss / (Gain) | 4,741.88 |  | (1,365,004.31) |  |
| Net Credit Loss / (Gain) as % of Average Securitization Value (annualized): |  |  |  |  |
| Current Collection Period | 0.025% |  |  |  |
| Prior Collection Period | 0.824% |  |  |  |
| Second Prior Collection Period | (0.240%) |  |  |  |
| Third Prior Collection Period | (0.199%) |  |  |  |
| Four Month Average | 0.102% |  |  |  |
| Cumulative Net Credit Loss / (Gain) as % of Cutoff Date Securitization Value |  |  | (0.116)% |  |
| Average Net Credit Loss / (Gain) |  |  | (2,546.65) |  |

| Residual Loss | Current |  | Cumulative |  |
| --- | --- | --- | --- | --- |
|  | Amount | Number of Leases | Amount | Number of Leases |
| Securitization Value of Liquidated Leases, Beg of Collection Period | 34,736,935.25 | 1,252 | 620,842,320.81 | 21,655 |
| Sales Proceeds and Other Payments Received | 42,380,725.57 |  | 758,693,924.50 |  |
| Residual Loss / (Gain) | (7,643,790.32) |  | (137,851,603.69) |  |
| Residual Loss / (Gain) as % of Average Securitization Value (annualized): |  |  |  |  |
| Current Collection Period | (40.526)% |  |  |  |
| Prior Collection Period | (38.158%) |  |  |  |
| Second Prior Collection Period | (33.610%) |  |  |  |
| Third Prior Collection Period | (24.525%) |  |  |  |
| Four Month Average | (34.205)% |  |  |  |
| Cumulative Residual Loss / (Gain) as % of Cutoff Date Securitization Value |  |  | (11.668)% |  |
| Average Residual Loss / (Gain) |  |  | (6,365.81) |  |