BMW Vehicle Lease Trust 2011-1

Accrued Interest Days (30/360): 30

Accrued Interest Days (act/360): 29

Balances

	Initial		Beginning of Period		End of Period
Aggregate Securitization Value	$	1,230,778,011.49	$	606,324,087.66	$	562,317,497.14
Aggregate Discounted ALG Residual Value	$	761,773,827.21	$	501,484,351.53	$	469,359,816.89
Reserve Fund	$	6,153,890.06	$	6,153,890.06	$	6,153,890.06

Notes
Class A-1 Notes	$	240,000,000.00		-		-
Class A-2 Notes	$	335,000,000.00		-		-
Class A-3 Notes	$	360,000,000.00	$	267,475,980.10	$	223,469,389.58
Class A-4 Notes	$	65,000,000.00	$	65,000,000.00	$	65,000,000.00
	$	1,000,000,000.00	$	332,475,980.10	$	288,469,389.58

Overcollateralization	$	230,778,011.49			$	273,848,107.56

Current Collection Period

Beginning Securitization Value	$	606,324,087.66
Principal Reduction Amount		44,006,590.52
Ending Securitization Value	$	562,317,497.14

First Priority Principal
Aggregate Outstanding Note Balance (Beginning of Period)	$	332,475,980.10
Aggregate Securitization Value (End of Period)	$	562,317,497.14
First Priority Principal Distribution Amount		-

Target Note Balance	$	288,469,389.58

Target Overcollateralization Amount	$	273,848,107.56
Target Overcollateralization Percentage		22.25	%


Determination of Available Funds
Collections

Monthly Payments (net of Daily Advance Reimbursements)*	$	11,775,879.28
Reallocation Payment		37,400.43
Sale Proceeds		9,648,482.60
Termination Proceeds		29,621,752.05
Recovery Proceeds		682,494.12

Total Collections	$	51,766,008.48

Advances
Monthly Payment Advance	$	885,507.31
Sales Proceeds Advance		-
Total Advances	$	885,507.31
Optional Purchase Price		0.00
Net Investment Earnings on SUBI Collection Account		-
Total Available Funds	$	52,651,515.79

Collection Account

Total Available Funds	$	52,651,515.79
Withdrawals from SUBI Collection Account
Payment Date Advance Reimbursement		1,076,502.58
Servicing Fees		505,270.07
Note Distribution Account (Interest Due)		312,103.78
Note Distribution Account (First Priority Principal Distribution Amount)		-
Reserve Fund Deposit		-
Note Distribution Account (Regular Principal Distribution Amount)		44,006,590.52
Trustee Fees and Expenses not paid by Servicer		-
Certificate Distribution Account (any remaining payments)		6,751,048.84
Total Distributions from SUBI Collection Account	$	52,651,515.79

Servicer Advance Amounts

Beginning Period Unreimbursed Servicer Advance	$	1,239,976.34
Current Period Monthly Payment Advance		885,507.31
Current Period Sales Proceeds Advance		-
Current Reimbursement of Previous Servicer Advance		1,076,502.58
Ending Period Unreimbursed Previous Servicer Advances	$	1,048,981.07

Note Distribution Account

Amount Deposited from the Collection Account	$	44,318,694.30
Amount Deposited from the Reserve Fund		-
Amount Paid to Noteholders	$	44,318,694.30

Distributions

Priority Principal
Aggregate Outstanding Note Principal	$	332,475,980.10

Monthly Principal Distributable Amount	First Priority Principal		Current Payment			Total Payment		Ending Balance		Per $1,000		Note Factor

Class A-1 Notes		-		-			-		-		-		-
Class A-2 Notes		-		-			-		-		-		-
Class A-3 Notes		-	$	44,006,590.52		$	44,006,590.52	$	223,469,389.58		122		0.62
Class A-4 Notes		-		-			-	$	65,000,000.00		-		1.00
		-	$	44,006,590.52		$	44,006,590.52	$	288,469,389.58


Interest Distributable Amount			Interest Rate			Current Payment			Per $1,000

Class A-1 Notes				0.28895	%		-		0.00
Class A-2 Notes				0.64000	%		-		0.00
Class A-3 Notes				1.06000	%	$	236,270.45		0.66
Class A-4 Notes				1.40000	%	$	75,833.33		1.17
						$	312,103.78

Carryover Shortfalls

Prior Period Carryover

Current Payment

Current Period Carryover

Class A-1 Interest Carryover Shortfall

Class A-2 Interest Carryover Shortfall

Class A-3 Interest Carryover Shortfall

Class A-4 Interest Carryover Shortfall

Reserve Fund

Beginning Period Required Amount	$	6,153,890.06
Beginning Period Amount		6,153,890.06
Current Period Deposit		-
Net Investment Earnings		555.51
Reserve Fund Draw Amount		-
Release to Certificateholder		555.51
Ending Period Required Amount		6,153,890.06
Ending Period Amount	$	6,153,890.06

Pool Characteristics

	Initial		End of Period
Number of Specified Leases		32,636		16,924
Weighted Average Remaining Term		24.01		9.63
Weighted Average Original Term		35.72		35.82
Weighted Average Seasoning		11.71		26.20

	Units		Securitization Value

Early Terminations		111	$	3,586,680.95
Scheduled Terminations		1,051	$	26,948,390.11

	Beginning		Current Period		Cumulative			Cumulative Percent
Credit Losses	$	290,341.38	$	10,456.16	$	300,797.54			0.02	%

Residual Value Losses	Beginning		Current Period		Cumulative
Sales and Termination Proceeds	$	410,260,043.29	$	39,568,157.78	$	449,828,201.07
ALG Residual Values		334,204,833.55		34,867,551.61		369,072,385.16
Residual Value Loss / (Gain)	$	(76,055,209.74)	$	(4,700,606.17)	$	(80,755,815.91)

Delinquencies	Units		Securitization Value		Percentage
31-60 Days Delinquent		64	$	1,947,704.29		0.35	%
61-90 Days Delinquent		12		333,755.84		0.06	%
91-120 Days Delinquent		4		116,852.51		0.02	%
121 - 150 Days Delinquent		0		0.00		0.00	%
151 Days or More Delinquent		0		0.00		0.00	%

Total 30+ Day Delinquent		80	$	2,398,312.65		0.43	%

* Includes Pull Ahead amounts

BMW Vehicle Lease Trust 2011-1 10-D