Investor Report

Mercedes-Benz Auto Lease Trust 2014-A

Collection Period Ended

Page 1 of 5

Amounts in USD

29-Feb-2016

Dates

Interest Period of the Class A-1, A-2b Notes (from... to)

Collection Period (from... to)

15-Mar-2016

Payment Date

29-Feb-2016

1-Feb-2016

30/360 Days

Actual/360 Days

Collection Period No.

Determination Date

Interest Period of the Class A-2a, A-3 and A-4 Notes (from... to)

11-Mar-2016

Record Date

14-Mar-2016

15-Mar-2016

16-Feb-2016

15-Mar-2016

15-Feb-2016

Summary

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

Class A-1 Notes

0.000000

393,000,000.00

0.000000

0.00

Class A-2A Notes

0.000000

405,000,000.00

0.000000

0.00

Class A-2B Notes

0.000000

405,000,000.00

0.000000

0.00

Class A-3 Notes

131.765944

564,290,000.00

0.142302

74,354,204.44

154,653,712.43

80,299,507.99

Class A-4 Notes

0.000000

220,000,000.00

1.000000

0.00

220,000,000.00

Total Note Balance

1,987,290,000.00

74,354,204.44

374,653,712.43

300,299,507.99

Overcollateralization

423,638,076.52

Total Securitization Value

2,379,989,193.90

392,699,193.90

present value of lease payments

present value of Base Residual Value

798,291,788.94

723,937,584.50

626,558,573.01

1,546,737,203.77

833,251,990.13

113,425,289.37

97,379,011.49

684,866,499.57

Initial Overcollateralization Amount

Target Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

423,638,076.51

17.80%

392,699,193.90

16.50%

423,638,076.52

17.80%

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

0.200000%

0.000000

0.00

0.000000

0.00

Class A-2A Notes

0.480000%

0.000000

0.00

0.000000

0.00

Class A-2B Notes

0.605500%

0.000000

0.00

0.000000

0.00

Class A-3 Notes

0.680000%

0.155305

74,441,841.54

131.921249

87,637.10

Class A-4 Notes

0.900000%

0.750000

165,000.00

0.750000

165,000.00

$74,606,841.54

Total

252,637.10

Investor Report

Mercedes-Benz Auto Lease Trust 2014-A

Collection Period Ended

Page 2 of 5

Amounts in USD

29-Feb-2016

Lease Payments Received

Net Sales Proceeds-early terminations (including Defaulted Leases)

Net Sales Proceeds-scheduled terminations

Excess wear and tear included in Net Sales Proceeds

Excess mileage included in Net Sales Proceeds

Subtotal

Repurchase Payments

Advances made by the Servicer

Investment Earnings

Total Available Collections

Reserve Account Draw Amount

Total Available Funds

16,860,811.74

494,608.38

75,582,572.76

0.00

50,892.95

75,594,924.14

0.00

75,594,924.14

12,351.38

27,061,205.10

31,660,555.92

(1) Total Servicing Fee

(2) Total Trustee Fees (max. $100,000 p.a.)

Nonrecoverable Advances to the Servicer

665,243.16

0.00

(3) Interest Distributable Amount Class A Notes

(4) Priority Principal Distribution Amount

252,637.10

0.01

(5) To Reserve Fund to reach the Reserve Fund Required Amount

(6) Regular Principal Distribution Amount

(7) Additional Servicing Fee and Transition Costs

0.00

74,354,204.43

0.00

(8) Total Trustee Fees [not previously paid under (2)]

0.00

(9) Excess Collections to Certificateholders

322,839.44

Total Distribution

75,594,924.14

Distributions

Available Funds

Distribution Detail

Amount Paid

Shortfall

Amount Due

0.00

665,243.16

Total Servicing Fee

Total Trustee Fee

0.00

252,637.10

0.00

Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00

thereof on Class A-2A Notes

0.00

thereof on Class A-2B Notes

0.00

thereof on Class A-3 Notes

87,637.10

0.00

87,637.10

thereof on Class A-4 Notes

165,000.00

0.00

165,000.00

Interest Carryover Shortfall Amount

0.00

thereof on Class A-1 Notes

0.00

thereof on Class A-2A Notes

0.00

thereof on Class A-2B Notes

0.00

thereof on Class A-3 Notes

0.00

thereof on Class A-4 Notes

0.00

Interest Distributable Amount Class A Notes

252,637.10

0.00

Priority Principal Distribution Amount

0.00

0.01

-0.01

Regular Principal Distribution Amount

74,354,204.43

0.00

74,354,204.43

Principal Distribution Amount

74,354,204.43

74,354,204.44

0.00

Investor Report

Mercedes-Benz Auto Lease Trust 2014-A

Collection Period Ended

Page 3 of 5

Amounts in USD

29-Feb-2016

Reserve Fund and Investment Earnings

Investment Earnings

Net Investment Earnings on the Reserve Fund

Reserve Fund

Reserve Fund Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fund Amount - Ending Balance

11,899,945.97

0.00

11,899,945.97

Reserve Fund Required Amount

plus top up Reserve Fund up to the Required Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Draw Amount

0.00

Investment Earnings for the Collection Period

Net Investment Earnings on the Exchange Note

Collection Account

10,413.87

1,937.51

12,351.38

11,899,945.97

Notice to Investors

Investor Report

Mercedes-Benz Auto Lease Trust 2014-A

Collection Period Ended

Page 4 of 5

Amounts in USD

29-Feb-2016

Pool Statistics

Securitization Value end of Collection Period

798,291,788.94

Securitization Value beginning of Collection Period

Number of Leases

Amount

Pool Data

30.42%

Pool Factor

Gross Losses

Terminations- Scheduled

Terminations- Early

Principal portion of lease payments

56,365

Cutoff Date Securitization Value

Repurchase Payment (excluding interest)

723,937,584.50

7,443,270.15

0.00

29,652,611.62

25,094,090.98

12,164,231.69

2,379,989,193.90

23,307

21,351

92.86%

1,759,458,761.00

653,131,935.23

6.80%

7.95

30.89

Cumulative Turn-in Ratio

Aggregate Base Residual Value

10.25

24.30

Current

As of Cutoff Date

Weighted Average Seasoning (months)

Weighted Average Remaining Term (months)

Weighted Average Securitization Rate

Proportion of base prepayment assumption realized life to date

Actual lifetime prepayment speed

0.39%

41.57%

Delinquency Profile

Delinquency Profile *

0.03%

181,483.36

91-120 Days Delinquent

21,258

2,404,508.97

720,469,613.46

881,978.71

100.00%

21,351

723,937,584.50

*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

Total

Percentage

Number of Leases

Amount **

99.52%

Current

0.12%

0.33%

31-60 Days Delinquent

61-90 Days Delinquent

Investor Report

Mercedes-Benz Auto Lease Trust 2014-A

Collection Period Ended

Page 5 of 5

Amounts in USD

29-Feb-2016

Loss Statistics

Current

Credit Loss

Amount

Number of Leases

Cumulative

Number of Leases

Amount

Recoveries

Liquidation Proceeds

Securitization Value of Defaulted Leases, Beg of Collection Period

907,980.20

190,244.74

528,252.87

Principal Net Credit Loss / (Gain)

189,482.59

28,041,478.53

2,199,608.07

766

19,693,964.65

6,147,905.81

Net Credit Loss / (Gain) as % of Average Securitization Value (annualized):

Second Prior Collection Period

Prior Collection Period

Current Collection Period

Third Prior Collection Period

Four Month Average

0.299%

0.263%

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

Average Net Credit Loss / (Gain)

2,871.55

0.092%

0.499 %

(0.080%)

0.335 %

Current

Residual Loss

Amount

Number of Leases

Cumulative

Number of Leases

Amount

Sales Proceeds and Other Payments Received

Securitization Value of Liquidated Leases, Beg of Collection Period

Residual Loss / (Gain)

61,281,992.55

1,928

1,107,479,399.03

34,244

58,544,927.66

1,087,665,632.37

2,737,064.89

19,813,766.66

Residual Loss / (Gain) as % of Average Securitization Value (annualized):

Second Prior Collection Period

Prior Collection Period

Current Collection Period

Third Prior Collection Period

Four Month Average

4.315%

3.949%

Average Residual Loss / (Gain)

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

0.833%

578.61

3.850 %

3.267 %

4.362 %

Mercedes-Benz Auto Lease Trust 2014-A 10-D