BMW Vehicle Lease Trust 2024-1


Collection Period Ending:	4/30/25
Previous Payment Date:	4/25/25
Current Payment Date:	5/27/25	Accrued Interest Days (30/360):	30
Accrued Interest Days (act/360):			32

Balances

	Initial		Beginning of Period		End of Period
Aggregate Securitization Value	$	1,496,835,259.20	$	998,951,854.46	$	952,923,162.68
Aggregate Discounted ALG Residual Value	$	774,810,633.13	$	690,536,693.98	$	670,943,188.44
Reserve Fund	$	3,742,088.15	$	3,742,088.15	$	3,742,088.15

Notes
Class A-1 Notes	$	195,000,000.00		-		-
Class A-2a Notes	$	290,000,000.00	$	87,563,424.73	$	60,182,254.24
Class A-2b Notes	$	197,500,000.00	$	59,633,711.67	$	40,986,190.38
Class A-3 Notes	$	487,500,000.00	$	487,500,000.00	$	487,500,000.00
Class A-4 Notes	$	130,000,000.00	$	130,000,000.00	$	130,000,000.00
	$	1,300,000,000.00	$	764,697,136.40	$	718,668,444.62
Overcollateralization	$	196,835,259.20			$	234,254,718.06

Current Collection Period

Beginning Securitization Value	$	998,951,854.46
Principal Reduction Amount		46,028,691.78
Ending Securitization Value	$	952,923,162.68

First Priority Principal
Aggregate Outstanding Note Balance (Beginning of Period)	$	764,697,136.40
Aggregate Securitization Value (End of Period)	$	952,923,162.68
First Priority Principal Distribution Amount		-

Target Note Balance	$	718,668,444.62
Target Overcollateralization Amount	$	234,254,718.06
Target Overcollateralization Percentage		15.65	%

Determination of Available Funds
Collections

Monthly Payments (net of Daily Advance Reimbursements) *	$	24,133,406.01
Reallocation Payment		438,534.91

Sale Proceeds		3,946,448.29
Termination Proceeds		29,642,235.02
Recovery Proceeds		131,551.05
Total Collections	$	58,292,175.28
Advances
Monthly Payment Advance	$	1,736,340.21
Sales Proceeds Advance		-
Total Advances	$	1,736,340.21
Optional Purchase Price		0.00
Net Investment Earnings on SUBI Collection Account		-
Total Available Funds	$	60,028,515.49

Collection Account

Total Available Funds	$	60,028,515.49
Withdrawals from SUBI Collection Account
Payment Date Advance Reimbursement		1,718,050.15
Servicing Fees		832,459.88
Note Distribution Account (Interest Due)		3,188,918.61
Note Distribution Account (First Priority Principal Distribution Amount)		-
Reserve Fund Deposit		-
Note Distribution Account (Regular Principal Distribution Amount)		46,028,691.78
Amounts paid to Indenture Trustee, Owner Trustee and Asset		-
Representations Reviewer (subject to annual cap)
Amounts paid to Indenture Trustee, Owner Trustee and Asset		-
Representations Reviewer (not subject to annual cap)
Certificate Distribution Account (any remaining payments)		8,260,395.07

Total Distributions from SUBI Collection Account	$	60,028,515.49

Servicer Advance Amounts

Beginning Period Unreimbursed Servicer Advance	$	1,985,733.55
Current Period Monthly Payment Advance		1,736,340.21
Current Period Sales Proceeds Advance		-
Current Reimbursement of Previous Servicer Advance		1,718,050.15
Ending Period Unreimbursed Previous Servicer Advances	$	2,004,023.61

Note Distribution Account


Amount Deposited from the Collection Account	$	49,217,610.39
Amount Deposited from the Reserve Fund		-
Amount Paid to Noteholders	$	49,217,610.39

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:
Amount due and payable to Asset Representations Reviewer after			-
giving effect to payments on current Payment Date:

Distributions

Priority Principal
Aggregate Outstanding Note Principal $764,697,136.40

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

Class A-2a Notes		-	$	27,381,170.49	$	27,381,170.49	$	60,182,254.24		94		0.21
Class A-2b Notes		-	$	18,647,521.29	$	18,647,521.29	$	40,986,190.38		94		0.21
Class A-3 Notes		-		-		-	$	487,500,000.00		-		1.00
Class A-4 Notes		-		-		-	$	130,000,000.00		-		1.00
		-	$	46,028,691.78	$	46,028,691.78	$	718,668,444.62

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

Class A-1 Notes		5.50800	%		-		0.00
Class A-2a Notes		5.10000	%	$	372,144.56		1.28
Class A-2b Notes		4.75369	%	$	251,982.38		1.28
Class A-3 Notes		4.98000	%	$	2,023,125.00		4.15
Class A-4 Notes		5.00000	%	$	541,666.67		4.17
				$	3,188,918.61

Carryover Shortfalls

Prior Period Carryover

Current Payment

Current Period Carryover

Class A-1 Interest Carryover Shortfall

Class A-2a Interest Carryover Shortfall

Class A-2b Interest Carryover Shortfall

Class A-3 Interest Carryover Shortfall

Class A-4 Interest Carryover Shortfall

Reserve Fund

Beginning Period Required Amount	$	3,742,088.15
Beginning Period Amount		3,742,088.15
Current Period Deposit		-
Net Investment Earnings		13,064.66
Reserve Fund Draw Amount		-
Release to Certificateholder		13,064.66
Ending Period Required Amount		3,742,088.15
Ending Period Amount	$	3,742,088.15

Pool Characteristics
	Initial		End of Period
Number of Specified Leases		28,505		21,274
Weighted Average Remaining Term		28.00		13.78
Weighted Average Original Term		36.00		35.96
Weighted Average Seasoning		8.00		22.18

	Units		Securitization Value
Early Terminations		321	$	14,313,801.73
Scheduled Terminations		395	$	12,264,977.64

Residual Value Losses for the Current Period	Beginning		Current Period			Cumulative
Sales and Termination Proceeds	$	246,308,439.44	$	31,356,293.98		$	277,664,733.42
ALG Residual Values		189,858,050.60		25,969,581.95			215,827,632.55
Residual Value Loss / (Gain)			$	(5,386,712.03	)	$	(61,837,100.87	)

Cumulative Residual Value Loss / (Gain) as of the end of the prior period	$	(56,450,388.84	)
Cumulative Residual Value Loss / (Gain) as of the end of the 2nd preceding period	$	(51,593,780.07	)
Cumulative Residual Value Loss / (Gain) as of the end of the 3rd preceding period	$	(47,954,709.51	)

Delinquencies as of the end of the current period	Units		Securitization Value		Percentage
31-60 Days Delinquent		106		5,281,110.14		0.55	%
61-90 Days Delinquent		25		1,119,854.51		0.12	%
91-120 Days Delinquent		12		559,622.72		0.06	%
121 - 150 Days Delinquent		4		221,623.87		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	147	$	7,182,211.24	0.75	%
Total 60+ Days Past Due as of the end of the current period	41	$	1,901,101.10	0.20	%

Delinquencies as of the end of prior periods
Total 30+ Days Past Due as of the end of the prior period	0.76	%
Total 30+ Days Past Due as of the end of the 2nd preceding period	0.63	%
Total 30+ Days Past Due as of the end of the 3rd preceding period	0.70	%

Credit Losses as of the end of the current period	Units		Dollar Amount
Gross Credit Losses		6		94,666.57
Recoveries		8		73,047.95

Net Credit Losses				21,618.62
Cumulative Net Credit Losses		44	$	585,316.18

Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.06	%
Charge Off Rate ***				0.04	%

Average of Net Credit Losses ****			$	13,302.64

Historical Loss Information

Credit Losses as of the end of the prior period	Units		Dollar Amount
Gross Credit Losses		7		94,796.88
Recoveries		2		5,377.82
Net Credit Losses				89,419.06
Cumulative Net Credit Losses		38	$	563,697.56
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.06	%
Charge Off Rate ***				0.04	%
Average of Net Credit Losses ****				14,834.15

Credit Losses as of the end of the 2nd preceding period	Units		Dollar Amount
Gross Credit Losses		4		140,243.12
Recoveries		2		852.80
Net Credit Losses				139,390.32
Cumulative Net Credit Losses		31	$	474,278.50
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.04	%
Charge Off Rate ***				0.03	%
Average of Net Credit Losses ****				15,299.31


Credit Losses as of the end of the 3rd preceding period	Units		Dollar Amount
Gross Credit Losses		2		11,284.13
Recoveries		0		-
Net Credit Losses				11,284.13
Cumulative Net Credit Losses		27	$	334,888.18
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.03	%
Charge Off Rate ***				0.02	%
Average of Net Credit Losses ****				12,403.27

* Includes Pull Ahead amounts

** Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value is calculated by dividing the Cumulative Net Credit Losses by the Avg Aggregate Sec Value for the period.

Avg Aggregate Sec Value for a period is equal to the average of the Beginning Securitization Value and the Ending Securitization Value for such period.

*** Charge Off Rate is calculated by dividing Cumulative Net Credit Losses by Initial Aggregate Securitization Value as of the Cut-off date.

**** Average of Net Credit Losses is calculated by dividing Cumulative Net Credit Losses by the aggregate number of Leases that have experienced a net credit loss.

BMW Vehicle Lease Trust 2024-1 10-D