BMW Vehicle Lease Trust 2021-1

Accrued Interest Days (30/360): 30

Accrued Interest Days (act/360): 28

Balances

	Initial		Beginning of Period		End of Period
Aggregate Securitization Value	$	1,456,027,969.57	$	467,079,283.15	$	426,973,039.67
Aggregate Discounted ALG Residual Value	$	900,817,485.14	$	408,721,095.57	$	378,429,550.59
Reserve Fund	$	3,640,069.92	$	3,640,069.92	$	3,640,069.92

Notes
Class A-1 Notes	$	190,000,000.00		-		-
Class A-2 Notes	$	465,000,000.00		-		-
Class A-3 Notes	$	465,000,000.00	$	99,746,724.11	$	59,640,480.63
Class A-4 Notes	$	130,000,000.00	$	130,000,000.00	$	130,000,000.00
	$	1,250,000,000.00	$	229,746,724.11	$	189,640,480.63

Overcollateralization	$	206,027,969.57			$	237,332,559.04

Current Collection Period

Beginning Securitization Value	$	467,079,283.15
Principal Reduction Amount		40,106,243.48
Ending Securitization Value	$	426,973,039.67

First Priority Principal
Aggregate Outstanding Note Balance (Beginning of Period)	$	229,746,724.11
Aggregate Securitization Value (End of Period)	$	426,973,039.67
First Priority Principal Distribution Amount		-

Target Note Balance	$	189,640,480.63
Target Overcollateralization Amount	$	237,332,559.04
Target Overcollateralization Percentage		16.30	%

Determination of Available Funds
Collections
Monthly Payments (net of Daily Advance Reimbursements)*	$	9,673,564.25
Reallocation Payment		174,591.35
Sale Proceeds		5,244,041.13
Termination Proceeds		37,390,952.18
Recovery Proceeds		36,329.81
Total Collections	$	52,519,478.72

Advances
Monthly Payment Advance	$	698,988.26
Sales Proceeds Advance		-
Total Advances	$	698,988.26
Optional Purchase Price		0.00
Net Investment Earnings on SUBI Collection Account		-
Total Available Funds	$	53,218,466.98

Collection Account

Total Available Funds	$	53,218,466.98
Withdrawals from SUBI Collection Account
Payment Date Advance Reimbursement		610,011.00
Servicing Fees		389,232.74
Note Distribution Account (Interest Due)		64,188.79
Note Distribution Account (First Priority Principal Distribution Amount)		-
Reserve Fund Deposit		-
Note Distribution Account (Regular Principal Distribution Amount)		40,106,243.48
Amounts paid to Indenture Trustee, Owner Trustee and Asset Representations Reviewer (subject to annual cap)		5,000.00
Amounts paid to Indenture Trustee, Owner Trustee and Asset Representations Reviewer (not subject to annual cap)		-
Certificate Distribution Account (any remaining payments)		12,043,790.97
Total Distributions from SUBI Collection Account	$	53,218,466.98

Servicer Advance Amounts

Beginning Period Unreimbursed Servicer Advance	$	735,517.44
Current Period Monthly Payment Advance		698,988.26
Current Period Sales Proceeds Advance		-
Current Reimbursement of Previous Servicer Advance		610,011.00
Ending Period Unreimbursed Previous Servicer Advances	$	824,494.70

Note Distribution Account

Amount Deposited from the Collection Account	$	40,170,432.27
Amount Deposited from the Reserve Fund		-
Amount Paid to Noteholders	$	40,170,432.27

Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer

Indenture Trustee
Amount due and payable to Indenture Trustee before giving effect to payments on current Payment Date:			-
Amount due and payable to Indenture Trustee after giving effect to payments on current Payment Date:			-

Owner Trustee
Amount due and payable to Owner Trustee before giving effect to payments on current Payment Date:			-
Amount due and payable to Owner Trustee after giving effect to payments on current Payment Date:			-

Asset Representations Reviewer Trustee
Amount due and payable to Asset Representations Reviewer before giving effect to payments on current Payment Date:			5,000.00
Amount due and payable to Asset Representations Reviewer after giving effect to payments on current Payment Date:			-

Distributions

Priority Principal
Aggregate Outstanding Note Principal	$	229,746,724.11

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		-	$	40,106,243.48		$	40,106,243.48	$	59,640,480.63		86		0.13
Class A-4 Notes		-		-			-	$	130,000,000.00		-		1.00
		-	$	40,106,243.48		$	40,106,243.48	$	189,640,480.63


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

Class A-1 Notes				0.14525	%		-		0.00
Class A-2 Notes				0.20000	%		-		0.00
Class A-3 Notes				0.29000	%	$	24,105.46		0.05
Class A-4 Notes				0.37000	%	$	40,083.33		0.31
						$	64,188.79

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	$	3,640,069.92
Beginning Period Amount		3,640,069.92
Current Period Deposit		-
Net Investment Earnings		6,141.28
Reserve Fund Draw Amount		-
Release to Certificateholder		6,141.28
Ending Period Required Amount		3,640,069.92
Ending Period Amount	$	3,640,069.92

Pool Characteristics

	Initial		End of Period
Number of Specified Leases		37,869		13,676
Weighted Average Remaining Term		24.00		6.15
Weighted Average Original Term		36.00		35.99
Weighted Average Seasoning		12.00		29.84

	Units		Securitization Value
Early Terminations		103	$	3,254,909.33
Scheduled Terminations		1,057	$	27,900,845.28

Residual Value Losses for the Current Period	Beginning		Current Period			Cumulative
Sales and Termination Proceeds	$	786,796,434.29	$	41,122,145.83		$	827,918,580.12
ALG Residual Values		575,574,540.14		31,735,976.80			607,310,516.94
Residual Value Loss / (Gain)			$	(9,386,169.03	)	$	(220,608,063.18	)

Cumulative Residual Value Loss / (Gain) as of the end of the prior period						$	(211,221,894.15	)
Cumulative Residual Value Loss / (Gain) as of the end of the 2nd preceding period						$	(201,852,850.36	)
Cumulative Residual Value Loss / (Gain) as of the end of the 3rd preceding period						$	(192,292,400.94	)

Delinquencies as of the end of the current period	Units		Securitization Value			Percentage
31-60 Days Delinquent		39		1,098,824.56			0.26	%
61-90 Days Delinquent		20		592,328.92			0.14	%
91-120 Days Delinquent		14		425,190.78			0.10	%
121 - 150 Days Delinquent		2		95,649.22			0.02	%
151 Days or More Delinquent		0		0.00			0.00	%

Total 30+ Days Past Due as of the end of the current period		75	$	2,211,993.48			0.52	%
Total 60+ Days Past Due as of the end of the current period		36	$	1,113,168.91			0.26	%

Delinquencies as of the end of prior periods
Total 30+ Days Past Due as of the end of the prior period							0.52	%
Total 30+ Days Past Due as of the end of the 2nd preceding period							0.54	%
Total 30+ Days Past Due as of the end of the 3rd preceding period							0.38	%

Credit Losses as of the end of the current period		Units		Dollar Amount
Gross Credit Losses		2		77,719.43
Recoveries		2		26,206.95

Net Credit Losses				51,512.48
Cumulative Net Credit Losses		8	$	113,112.77
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.03	%
Charge Off Rate ***				0.01	%

Average of Net Credit Losses ****			$	14,139.10

Historical Loss Information
Credit Losses as of the end of the prior period	Units		Dollar Amount
Gross Credit Losses		0		-
Recoveries		0		-
Net Credit Losses				-
Cumulative Net Credit Losses		0	$	61,600.29
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.01	%
Charge Off Rate ***				0.00	%
Average of Net Credit Losses ****				10,266.72

Credit Losses as of the end of the 2nd preceding period		Units		Dollar Amount
Gross Credit Losses		0		-
Recoveries		1		122.16
Net Credit Losses				(122.16	)
Cumulative Net Credit Losses		6	$	61,600.29
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.01	%
Charge Off Rate ***				0.00	%
Average of Net Credit Losses ****				10,266.72

Credit Losses as of the end of the 3rd preceding period		Units		Dollar Amount
Gross Credit Losses		1		23,451.01
Recoveries		2		1,178.47
Net Credit Losses				22,272.54
Cumulative Net Credit Losses		6	$	61,722.45
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.01	%
Charge Off Rate ***				0.00	%
Average of Net Credit Losses ****

BMW Vehicle Lease Trust 2021-1 10-D