Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 1 of 7

Amounts in USD

30-Nov-2018

Dates

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

Collection Period (from... to)

17-Dec-2018

Payment Date

30-Nov-2018

1-Nov-2018

Actual/360 Days

Collection Period No.

Determination Date

Interest Period of the Class A-2a, A-3 and A-4 Notes (from... 12/15/20

13-Dec-2018

Record Date

14-Dec-2018

17-Dec-2018

15-Nov-2018

30/360 Days

15-Nov-2018

15-Dec-2018

Summary

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

0.00

Class A-1 Notes

0.000000

439,000,000.00

0.000000

0.00

88,320,269.86

Class A-2A Notes

87.486375

675,000,000.00

0.043358

59,053,303.33

29,266,966.53

29,440,089.95

Class A-2B Notes

87.486375

225,000,000.00

0.043358

19,684,434.44

9,755,655.51

453,000,000.00

Class A-3 Notes

0.000000

453,000,000.00

1.000000

0.00

453,000,000.00

175,896,000.00

Class A-4 Notes

0.000000

175,896,000.00

1.000000

0.00

175,896,000.00

746,656,359.81

Total Note Balance

1,967,896,000.00

78,737,737.77

667,918,622.04

Overcollateralization

411,202,350.91

Total Securitization Value

2,349,727,719.47

381,831,719.47

present value of lease payments

present value of Base Residual Value

1,157,858,710.72

1,079,120,972.95

911,647,141.76

1,491,495,407.52

858,232,311.95

191,082,082.26

167,473,831.19

966,776,628.46

Initial Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

381,831,719.47

16.25%

411,202,350.91

17.50%

411,202,350.91

Target Overcollateralization Amount (until Class A-2 Notes are paid in full)

Target Overcollateralization Amount (after Class A-2 Notes are paid in full)

387,705,073.71

16.50%

Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 2 of 7

Amounts in USD

30-Nov-2018

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

1.150000%

0.000000

0.00

0.000000

0.00

Class A-2A Notes

1.530000%

0.166827

59,165,911.67

87.653202

112,608.34

Class A-2B Notes

2.506500%

0.291522

19,750,026.96

87.777898

65,592.52

Class A-3 Notes

1.790000%

1.491667

675,725.00

1.491667

675,725.00

Class A-4 Notes

2.010000%

1.675000

294,625.80

1.675000

294,625.80

$79,886,289.43

Total

1,148,551.66

Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 3 of 7

Amounts in USD

30-Nov-2018

Lease Payments Received

Net Sales Proceeds-early terminations (incl Defaulted Leases)

Net Sales Proceeds-scheduled terminations

Excess wear and tear included in Net Sales Proceeds

Excess mileage included in Net Sales Proceeds

Repurchase Payments

Advances made by the Servicer

Investment Earnings

Total Available Collections

Reserve Account Draw Amount

Total Available Funds

21,519,487.21

493,024.33

0.00

144,221.50

0.00

143,603.06

37,410,058.26

27,348,335.37

Total Exchange Note Payments

Available Funds ABS Notes

Available 2017-A Collections

86,421,483.90

Exchange Note Balance

Initial

Balance

Beginning

Balance

Ending

Balance

2,232,241,333.50

1,040,372,324.75

961,634,586.98

80,489,031.18

80,489,031.18

Subtotal

86,277,880.84

(2) Interest Distributable Amount Class A Notes

(3) Priority Principal Distribution Amount

1,148,551.66

0.00

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

(5) Regular Principal Distribution Amount

(6) Additional Servicing Fee and Transition Costs

0.00

78,737,737.77

0.00

(7) Total Trustee Fees and any Asset Representations Reviewer fees

[not previously paid under (1)]

0.00

(8) Excess Collections to Certificateholders

Total Distribution

(1) Total Trustee Fees and any Asset Representations Reviewer fees

(max. $250,000 p.a.)

0.00

80,489,031.18

Nonrecoverable Advances to the Servicer

(1) Total Servicing Fee

(2) Exchange Note Interest Distributable Amount

(2.02%)

964,882.26

0.00

1,751,293.41

(3) Exchange Note Principal Distributable Amount

(4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i)

through (vii) of the Indenture (or, if applicable, pursuant to Section

5.04(b)(i)through (vii) of the Indenture) exceed the sum of the Exchange

Note Interest Distributable Amount and the Exchange Note Principal

Distributable Amount

(5) Remaining Funds Payable

78,737,737.77

Total Distribution

86,421,483.90

Distributions ABS Notes

Distribution on the Exchange Note

0.00

4,967,570.46

602,741.75

Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 4 of 7

Amounts in USD

30-Nov-2018

Distribution Detail

Amount Paid

Shortfall

Amount Due

0.00

964,882.26

Total Servicing Fee

Total Trustee Fee

0.00

1,148,551.66

0.00

Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00

thereof on Class A-2A Notes

112,608.34

0.00

112,608.34

thereof on Class A-2B Notes

65,592.52

0.00

65,592.52

thereof on Class A-3 Notes

675,725.00

0.00

675,725.00

thereof on Class A-4 Notes

294,625.80

0.00

294,625.80

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

1,148,551.66

0.00

Priority Principal Distribution Amount

0.00

Regular Principal Distribution Amount

78,737,737.77

0.00

78,737,737.77

Principal Distribution Amount

78,737,737.77

0.00

Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 5 of 7

Amounts in USD

30-Nov-2018

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

5,874,319.30

0.00

5,874,319.30

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

133,373.05

10,230.01

143,603.06

5,874,319.30

0.00

Notice to Investors

Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 6 of 7

Amounts in USD

30-Nov-2018

Pool Statistics

Securitization Value end of Collection Period

1,157,858,710.72

Securitization Value beginning of Collection Period

Number of Leases

Amount

Pool Data

45.93%

Pool Factor

Gross Losses

Terminations- Scheduled

Terminations- Early

Principal portion of lease payments

56,402

Cutoff Date Securitization Value

Repurchase Payment (excluding interest)

1,079,120,972.95

6,184,046.46

0.00

23,928,426.26

32,595,669.16

16,029,595.89

2,349,727,719.47

33,921

31,870

91.32%

1,737,055,942.00

963,105,184.38

7.91%

7.90%

8.92

28.61

Cumulative Turn-in Ratio

Aggregate Base Residual Value

13.49

23.54

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

0.47%

46.88%

Delinquency Profile

Delinquency Profile *

0.02%

212,725.74

91-120 Days Delinquent

31,759

2,974,232.70

1,075,182,543.39

751,471.12

100.00%

31,870

1,079,120,972.95

*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 **

99.64%

Current

0.07%

0.28%

31-60 Days Delinquent

61-90 Days Delinquent

Delinquency Trigger

4.281%

60+ Delinquency Leases to EOP Aggregate Securitization Value

Delinquency Trigger occurred

0.089%

Investor Report

Mercedes-Benz Auto Lease Trust 2017-A

Collection Period Ended

Page 7 of 7

Amounts in USD

30-Nov-2018

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

854,915.33

523,973.88

652,233.20

Principal Net Credit Loss / (Gain)

(321,291.75)

33,096,845.59

1,496,070.85

848

24,858,200.08

6,742,574.66

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

(0.345)%

(0.137)%

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

Average Net Credit Loss / (Gain)

1,764.23

0.064%

0.168 %

(0.008%)

(0.362%)

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)

61,853,226.55

2,026

769,460,316.54

23,675

61,631,761.65

769,443,231.32

221,464.90

17,085.22

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

0.238%

(0.744)%

Average Residual Loss / (Gain)

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

0.001%

.72

(1.946%)

(0.490%)

(0.779%)

Mercedes-Benz Auto Lease Trust 2017-A 10-D