# EDGAR Filing Document

**Accession Number:** 0002119372
**File Stem:** 0000929638-26-001413
**Filing Date:** 2026-4
**Character Count:** 33284
**Document Hash:** 4acf35e47cc45197d7acb213d0c96186
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-26-001413.hdr.sgml**: 20260406

**ACCESSION NUMBER**: 0000929638-26-001413

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260406

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260406

**DATE AS OF CHANGE**: 20260406

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: Y

**ABS ASSET CLASS**: Auto leases

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW AUTO LEASING LLC
- **CENTRAL INDEX KEY:** 0001126530
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-02261
- **FILM NUMBER:** 26840441

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
- **BUSINESS PHONE:** 2013074000

**MAIL ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW AUTO LEASING LLC
- **CENTRAL INDEX KEY:** 0001126530
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 333-283340

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
- **BUSINESS PHONE:** 2013074000

**MAIL ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW AUTO LEASING LLC
- **CENTRAL INDEX KEY:** 0001126530
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-02261

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
- **BUSINESS PHONE:** 2013074000

**MAIL ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
**ISSUING ENTITY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Vehicle Lease Trust 2026-1
- **CENTRAL INDEX KEY:** 0002119372
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675
- **BUSINESS PHONE:** 2013074000

**MAIL ADDRESS:**
- **STREET 1:** 200 BMW DRIVE
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07675

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### FORM ABS-15G

#### ASSET-BACKED SECURITIZER

#### REPORT PURSUANT TO SECTION 15G OF

#### THE SECURITIES EXCHANGE ACT OF 1934
Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period __________ to __________

Date of Report (Date of earliest event reported): __________

Commission File Number of securitizer: __________

Central Index Key Number of securitizer: __________

____________________________________________________________________________________________________________________________________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

&nbsp;&nbsp;&nbsp;&nbsp;☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001126530

BMW Vehicle Lease Trust 2026-1

____________________________________________________________________________________________________________________________________________________________________________________

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

Central Index Key Number of issuing entity (if applicable): 0002119372

Central Index Key Number of underwriter (if applicable): Not applicable.

Luke Overmeyer, (201) 307-4300

____________________________________________________________________________________________________________________________________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

------

Item 2.01. **Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer.**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

------

#### EXHIBIT INDEX
<u>Exhibit No.</u> <u>Description</u>

Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated April 6, 2026.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 6, 2026

---

| | | |
|:---|:---|:---|
| BMW AUTO LEASING LLC | BMW AUTO LEASING LLC | BMW AUTO LEASING LLC |
|  | (Depositor) | (Depositor) |
| By:  | <u>/s/ Tobias Essig&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>  | <u>/s/ Tobias Essig&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>  |
|  | Name:  | Tobias Essig |
|  | Title: | Chief Executive Officer & Vice President – Finance |
| By: | <u>/s/ Moritz Lindemann&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>  | <u>/s/ Moritz Lindemann&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>  |
|  | Name: | Moritz Lindemann |
|  | Title: | Treasurer |

---

## Ex-99

**Exhibit 99.1**<br>

---

| | |
|:---|:---|
| ![](logo_kpmg.jpg)  | <br>KPMG LLP<br> Suite 700<br> 20 Pacifica<br> Irvine, CA 92618-3391<br>|

---

#### Independent Accountants' Agreed-Upon Procedures Report
BMW Financial Services NA, LLC (the "Company")<br> J.P. Morgan Securities LLC<br> (together, the "Specified Parties")

Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BMW Vehicle Lease Trust 2026-1 – Data File, XML Data File, and ALG Residual File Procedures

We have performed the procedures described below on the:

---

| | |
|:---|:---|
| (i.) | specified attributes in an electronic data file entitled "$2.6Bio 2026-1 Selected Pool Cut (Lease to KPMG) (43963) 02.09.26 Full Data-IBS accounts.xlsx" provided by the Company on February 9, 2026, containing information on 43,963 automobile retail leases (the "Leases") as of January 31, 2026 (the "Data File"); |

---

(ii.) specified attributes in an electronic data file entitled "Data Tape for KPMG Samples.xlsx" provided by the Company on February 12, 2026, containing information on the Selected Leases (defined below) as of January 31, 2026 (the "XML Data File"); and,

(iii.) specified attribute in an electronic data file entitled "2026-1 Lease ALG Recalc-SENT.xlsx" provided by the Company on February 12, 2026, containing information on the Selected Leases as of January 31, 2026 (the "ALG Residual File")

which we were informed are intended to be included as collateral in the offering by BMW Vehicle Lease Trust 2026-1. The Company is responsible for the specified attributes identified by the Company in the Data File, XML Data File, and ALG Residual File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File, XML Data File, and ALG Residual File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;• The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within
 the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in
 agreement if differences were within the reporting threshold.

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.<br>

------

![](logo_kpmg.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;• The term "reporting threshold" means that dollar amounts were within $0.01, and dates were within 1 day, unless otherwise stated.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Cutoff Date" means January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Title Document" means the Certificate of Title, Application for Title, Lien Statement, Electronic Title Document, Title Request Form or Transfer Letter.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Company's Customer Express System" means the Company's system that contains account information such as: address, lease/loan information, and payment information and history.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Company's Funding System" means the Company's system containing financing agreements and contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Company's Credit Flow System" means the Company's system containing customer information, credit decisions, and underwriting credit applications.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Updated ALG Residual Value" means the updated ALG residual amount (field "Updated ALG") for each Selected Lease in the ALG Residual File as of the Cutoff Date.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "ALG Percentage" means the percentage (field "ALG %-Calc") for each Selected Lease in the ALG Residual File as of the Cutoff Date.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Mileage Adjustment Percentage" means the percentage (field "Mileage Allowance Adjustment") for each Selected Lease in the ALG Residual File as of the Cutoff Date.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Data File Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, methodology, or value related to the Data File, as stated in Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "XML Data File Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, methodology, or value related to the XML Data File, as stated in Exhibit C.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "ALG Residual File Instruction" means the instruction provided by the Company pertaining to a procedure related to the ALG Residual File, as described in Exhibit D.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Source Documents" means the following information provided by the Company for each Selected Lease: Motor Vehicle Lease Agreement, Modification Letter, Title Document, Registration
 Application, Credit Application, information obtained from the Company's Customer Express System, Company's Funding System, and Company's Credit Flow System, Updated ALG Residual Value, ALG Percentage, and Mileage Adjustment Percentage.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Provided Information" means the Source Documents, Data File Instructions, XML Data File Instructions, and ALG Residual File Instruction.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;**I.** **Data File Procedures** 

A. We randomly selected 100 Leases from the Data File (the "Selected Leases") using a random sampling tool. A listing of the Selected Leases is attached hereto as Exhibit A. For purposes of this procedure, the Company did not inform us of the basis they used to determine the number of Leases we were instructed to randomly select from the Data File.

------

![](logo_kpmg.jpg)

B. For each Selected Lease, we compared or recomputed the specified attributes in the Data File listed below to or using the corresponding information included in the Source Documents, utilizing the Data File Instructions, as applicable. The Company indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information from the Data File to the Source Documents for each of the attributes identified, utilizing the Data File Instructions as applicable, constituted an exception. The Source Documents are listed in the order of priority.

---

| | |
|:---|:---|
| <u>Attribute (Field Name in the Data File)</u> | <u>Source Document(s)/Data File Instructions</u> |
| First Payment Date (FirstPaymentDate) | Motor Vehicle Lease Agreement |
| Monthly Base Payment Amount (MonthlyPayment) | Company's Customer Express System, Motor Vehicle Lease Agreement, Modification Letter |
| Original Term to Maturity (CurrentTerm) | Motor Vehicle Lease Agreement |
| Maturity Date (ContractEndDate) | Company's Customer Express System, Motor Vehicle Lease Agreement |
| State of Registration (GaragingState) | Title Document, Company's Customer Express System |
| Vehicle Identification Number (VIN) | Motor Vehicle Lease Agreement |
| Vehicle Model Year (ModelYear) | Motor Vehicle Lease Agreement |
| Adjusted Manufacturer's Suggested Retail Price (MSRPAmt) | Company's Funding System, Credit Application, and iMotor Vehicle Lease Agreement |
| FICO Credit Score (HighestTotalCredit) | Company's Funding System, Company's Credit Flow System, and Data File Instructions |
| Remaining Term to Maturity (RemainingTerm) | Motor Vehicle Lease Agreement and Data File Instructions |
| Days Past Due (MaxDaysOver) | Company's Customer Express System and Data File Instructions |
| ALG Residual Amount at Inception (ALGMsrp) | Data File Instructions |

---

&nbsp;&nbsp;&nbsp;&nbsp;We found such information to be in agreement without exception.

<br> C. For each Selected Lease, we observed the presence of the following in the Source Documents:

• Title Document utilizing the Data File Instructions. We did not perform any procedures to determine if the Title Document complied with the Company's guidelines for preparation and we make no representation regarding the validity or enforceability of the security interest.

<br> • Signed Original Motor Vehicle Lease Agreement. We make no representation regarding the authenticity of the signatures.

We found such information to be present.

------

![](logo_kpmg.jpg) <br>

&nbsp;&nbsp;&nbsp;&nbsp;**II.** **XML Data File Procedures** 

For each Selected Lease, we compared or recomputed the specified attributes in the XML Data File listed below to or using the corresponding information included in the Source Documents, utilizing the XML Data File Instructions, as applicable. The Specified Parties indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information from the XML Data File to the Source Documents for each of the attributes identified, utilizing the XML Data File Instructions as applicable, constituted an exception. The Source Documents are listed in the order of priority.

---

| | |
|:---|:---|
| <u>Attribute (Field Name in the XML Data File)</u> | <u>Source Document(s)/XML Data File Instructions</u> |
| Lease Number (pcd_acct_nbr) | Company's Customer Express System |
| Origination Date (OriginationDate) | Motor Vehicle Lease Agreement |
| Acquisition Cost (CapCostAmt) | Motor Vehicle Lease Agreement |
| Original Term to Maturity (originalterm) | Motor Vehicle Lease Agreement |
| Maturity Date (ContractEndDate) | Company's Customer Express System, Motor Vehicle Lease Agreement |
| First Payment Date (FirstPaymentDate) | Motor Vehicle Lease Agreement |
| Subvented - Yes/No (subvented) | Company's Funding System, Motor Vehicle Lease Agreement, and XML Data File Instructions |
| Vehicle Model (ModelName) | Motor Vehicle Lease Agreement, Company's Customer Express System |
| Vehicle Model Year (modelyear) | Motor Vehicle Lease Agreement |
| Vehicle Type (vehicle type) | Motor Vehicle Lease Agreement, Credit Application, and XML Data File Instructions |
| Original Vehicle Value (msrpamt) | Company's Funding System, Credit Application, Motor Vehicle Lease Agreement |
| Contractual Residual Value (residualamt) | Motor Vehicle Lease Agreement |
| FICO Credit Score (HighestTotalCredit) | Company's Funding System, Company's Credit Flow System, and XML Data File Instructions |
| Cosigner – True/False (cosigner) | Credit Application, Company's Funding System, and XML Data File Instructions |
| State of Registration (GaragingState) | Title Document, Company's Customer Express System |
| Remaining Term to Maturity (remainingterm) | Motor Vehicle Lease Agreement and XML Data File Instructions |
| Monthly Base Payment Amount (monthlypayment) | Company's Customer Express System, Motor Vehicle Lease Agreement, Modification Letter |
| Days Past Due (MaxDaysOver) | Company's Customer Express System and XML Data File Instructions |
| ALG Residual Amount at Inception<br> (ALGMsrp) | XML Data File Instructions |

---

We found such information to be in agreement without exception.

------

![](logo_kpmg.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;**III.** **ALG Residual File Procedures** 

For each Selected Lease, we recomputed the ALG Residual Amount utilizing the ALG Residual File Instruction.

We found such information to be in agreement without exception.

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File, XML Data File, and ALG Residual File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File, XML Data File, ALG Residual File, and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Leases, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Leases to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Lease being securitized, (iii) the compliance of the originator of the Leases with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Leases that would be material to the likelihood that the issuer of the Notes will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California<br> April 6, 2026

------

#### Exhibit A – The Selected Leases

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Selected** <br> **Lease <br> Number** | **Lease Number\*** | **Selected** <br> **Lease** <br> **Number** | **Lease Number\*** | **Selected** <br> **Lease** <br> **Number** | **Lease Number** |
| 1 | 20261001 | 35 | 20261035 | 69 | 20261069 |
| 2 | 20261002 | 36 | 20261036 | 70 | 20261070 |
| 3 | 20261003 | 37 | 20261037 | 71 | 20261071 |
| 4 | 20261004 | 38 | 20261038 | 72 | 20261072 |
| 5 | 20261005 | 39 | 20261039 | 73 | 20261073 |
| 6 | 20261006 | 40 | 20261040 | 74 | 20261074 |
| 7 | 20261007 | 41 | 20261041 | 75 | 20261075 |
| 8 | 20261008 | 42 | 20261042 | 76 | 20261076 |
| 9 | 20261009 | 43 | 20261043 | 77 | 20261077 |
| 10 | 20261010 | 44 | 20261044 | 78 | 20261078 |
| 11 | 20261011 | 45 | 20261045 | 79 | 20261079 |
| 12 | 20261012 | 46 | 20261046 | 80 | 20261080 |
| 13 | 20261013 | 47 | 20261047 | 81 | 20261081 |
| 14 | 20261014 | 48 | 20261048 | 82 | 20261082 |
| 15 | 20261015 | 49 | 20261049 | 83 | 20261083 |
| 16 | 20261016 | 50 | 20261050 | 84 | 20261084 |
| 17 | 20261017 | 51 | 20261051 | 85 | 20261085 |
| 18 | 20261018 | 52 | 20261052 | 86 | 20261086 |
| 19 | 20261019 | 53 | 20261053 | 87 | 20261087 |
| 20 | 20261020 | 54 | 20261054 | 88 | 20261088 |
| 21 | 20261021 | 55 | 20261055 | 89 | 20261089 |
| 22 | 20261022 | 56 | 20261056 | 90 | 20261090 |
| 23 | 20261023 | 57 | 20261057 | 91 | 20261091 |
| 24 | 20261024 | 58 | 20261058 | 92 | 20261092 |
| 25 | 20261025 | 59 | 20261059 | 93 | 20261093 |
| 26 | 20261026 | 60 | 20261060 | 94 | 20261094 |
| 27 | 20261027 | 61 | 20261061 | 95 | 20261095 |
| 28 | 20261028 | 62 | 20261062 | 96 | 20261096 |
| 29 | 20261029 | 63 | 20261063 | 97 | 20261097 |
| 30 | 20261030 | 64 | 20261064 | 98 | 20261098 |
| 31 | 20261031 | 65 | 20261065 | 99 | 20261099 |
| 32 | 20261032 | 66 | 20261066 | 100 | 20261100 |
| 33 | 20261033 | 67 | 20261067 |  |  |
| 34 | 20261034 | 68 | 20261068 |  |  |

---

(\*) The Company has assigned a unique 10-digit Lease Number to each Lease in the Data File. The Lease Numbers referred to in this Exhibit are not the Company's Lease Numbers.

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#### Exhibit B - Data File Instructions

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Attribute** | &nbsp;&nbsp; **Data File Instructions** |
| FICO Credit Score (HighestTotalCredit) | Recompute the FICO Credit Score as the greater of:<br> (i.) the Borrower's Bureau Score from the Company's Funding System, and<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Co-Applicant Bureau Score from the Company's Credit Flow System, if applicable. |
| Remaining Term to Maturity (RemainingTerm) | Recompute the Remaining Term to Maturity using the First Payment Date, the Original Term to Maturity contained in the Motor Vehicle Lease Agreement, and the Cutoff Date. |
| Days Past Due (MaxDaysOver) | Recompute the Days Past Due as follows:<br> (i.)&nbsp;&nbsp;&nbsp;&nbsp;if the payment received date from the Company's Customer Express System was prior to the Cutoff Date:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp; if the payment due date from the Company's Customer Express System was on or prior to the Cutoff Date, recompute the number of Days Past Due as the number of days between and including the Cutoff Date and the payment due date from the Company's Customer Express System; and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. if the payment due date from the Company's Customer Express System was after the Cutoff Date, assume the number of Days Past Due to be zero.<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp; if the payment received date from the Company's Customer Express System was after the Cutoff Date:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. if the payment due date from the Company's Customer Express System was on or prior to the Cutoff Date, recompute the number of Days Past Due as the number of days between and including the Cutoff Date and the payment due date from the Company's Customer Express System; and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. if the payment due date from the Company's Customer Express System was after the Cutoff Date, assume the number of Days Past Due to be zero.<br> (iii.)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; if the payment received date from the Company's Customer Express System was equal to the Cutoff Date and the payment due date from the Company's Customer Express System was equal to the Cutoff Date, assume the number of Days Past Due to be zero. |
| ALG Residual Amount at Inception (ALGMsrp) | Recompute the ALG Residual Amount at Inception as the product of:<br>|

---

------

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Attribute** | &nbsp;&nbsp; **Data File Instructions** |

---

---

| | |
|:---|:---|
| | (i.) the Adjusted Manufacturer's Suggested Retail Price, and<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the ALG Percentage, and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Mileage Adjustment Percentage. |
| Title Document | Observe the Title Document for each Selected Lease listed the Company's security interest in the motor vehicle as "Financial Services Vehicle Trust" and named as the owner of the vehicle on the observed Title Document.<br> In the event the Title Document does not list "Financial Services Vehicle Trust" as the security interest and owner of the motor vehicle, observe there was a Transfer Letter issued in the Company's Customer Express System that indicates a transfer of ownership to "Financial Services Vehicle Trust".<br> In the event there was no Title Document available, perform the following procedures: (i) observe that the Electronic Lien Title was issued in the Company's Customer Express System, and (ii) observe that the Company's security interest in the motor vehicle was listed as "Financial Services Vehicle Trust" and named as the owner of the vehicle on the Registration Application. |

---

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#### Exhibit C - XML Data File Instructions

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| | |
|:---|:---|
| **Attribute** | **XML Data File Instructions** |
| Subvented - Yes/No (subvented) | For the purposes of identifying if a Selected Lease was subvented (listed as 1, 2, or 98 in the (Subvented) field in the XML Data File):<br> (i.) If the Rate Type in the Company's Funding System indicates "Sales Support," the lease is considered "subvented."<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Rate Type in the Company's Funding System is "New," perform the following procedures:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. if the BMW Defined Rate in the Company's Funding System is not equal to the rate on the Motor Vehicle Lease Agreement, the lease is considered "subvented."<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;if the Motor Vehicle Lease Agreement indicates a cash rebate was used, the lease is considered "subvented." |
| Vehicle Type (vehicle type) | Consider a Vehicle Type (vehicletype) of "1" to be a car or a Vehicle Type (vehicletype) of "3" to be an SUV. |
| FICO Credit Score (HighestTotalCredit) | Recompute the FICO Credit Score as the greater of:<br> (i.) the Borrower's Bureau Score from the Company's Funding System, and<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Co-Applicant Bureau Score form the Company's Credit Flow System, if applicable. |
| Cosigner – True/False (cosigner) | Consider business leases for which an individual signed as the guarantor for the Lease to be "True" in the Cosigner (cosigner) field. |
| Remaining Term to Maturity (remainingterm) | Recompute the Remaining Term to Maturity using the First Payment Date and the Original Term to Maturity contained in the Motor Vehicle Lease Agreement, and the Cutoff Date. |
| Days Past Due (MaxDaysOver) | Recompute the Days Past Due as follows:<br> (i.)&nbsp;&nbsp;&nbsp;&nbsp;if the payment received date from the Company's Customer Express System was prior to the Cutoff Date:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. if the payment due date from the Company's Customer Express System was on or prior to the Cutoff Date, recompute the number of Days Past Due as the number of days between and including the Cutoff Date and the payment due date from the Company's Customer Express System; and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;if the payment due date from the Company's Customer Express System was after the Cutoff Date, assume the number of Days Past Due to be zero.<br>|

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| **Attribute** | **XML Data File Instructions** |

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| | (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the payment received date from the Company's Customer Express System was after the Cutoff Date:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. if the payment due date from the Company's Customer Express System was on or prior to the Cutoff Date, recompute the number of Days Past Due as the number of days between and including the Cutoff Date and the payment due date from the Company's Customer Express System; and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. if the payment due date from the Company's Customer Express System was after the Cutoff Date, assume the number of Days Past Due to be zero.<br> (iii.)&nbsp;&nbsp;&nbsp;&nbsp; if the payment received date from the Company's Customer Express System was equal to the Cutoff Date and the payment due date from the Company's Customer Express System was equal to the Cutoff Date, assume the number of Days Past Due to be zero. |
| ALG Residual Amount at Inception (ALGMsrp) | Recompute the ALG Residual Amount at Inception as the product of:<br> (i.)&nbsp;&nbsp;&nbsp;&nbsp;the Original Vehicle Value, and<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;the ALG Percentage, and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;the Mileage Adjustment Percentage. |

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#### Exhibit D - ALG Residual File Instruction

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|:---|:---|
| **Attribute** | **ALG Residual File Instruction** |
| ALG Residual Amount (Securitized ALG) | Recompute the ALG Residual Amount as the lesser of:<br> (i.) the ALG Residual Amount at Inception from the Data File, and<br> (ii.)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Updated ALG Residual Value. |

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