BMW Vehicle Lease Trust 2009-1

Collection Period Ending:

08/31/09

Previous Payment Date:

08/17/09

Current Payment Date:

09/15/09

Accrued Interest Days (30/360):

Accrued Interest Days (act/360):


Balances

				Initial	Beginning of Period	End of Period
	Securitization Value			$2,631,580,519.24	$2,513,023,238.97	$2,476,505,087.60
	Reserve Fund			13,157,902.60	13,157,902.60	13,157,902.60

	Notes
		Class A-1 Notes		347,000,000.00	199,567,015.13	151,747,529.26
		Class A-2 Notes		600,000,000.00	600,000,000.00	600,000,000.00
		Class A-3 Notes		933,000,000.00	933,000,000.00	933,000,000.00
		Class A-4 Notes		120,000,000.00	120,000,000.00	120,000,000.00
				$2,000,000,000.00	$1,852,567,015.13	$1,804,747,529.26

	Overcollateralization			$631,580,519.24		$671,757,558.34


Current Collection Period

	Beginning Securitization Value			$2,513,023,238.97
		Principal Reduction Amount		36,518,151.37
	Ending Securitization Value			$2,476,505,087.60

	First Priority Principal
		Aggregate Outstanding Note Balance (Beginning of Period)		$1,852,567,015.13
		Aggregate Securitization Value (End of Period)		$2,476,505,087.60
	First Priority Principal Distribution Amount			-

	Targeted Note Balance			$1,765,978,347.41
		Target Overcollateralization Amount		$710,526,740.19
		Target Overcollateralization Percentage		27.00%

	Determination of Available Funds
		Collections
			Monthly Payments (net of Daily Advance Reimbursements)	$47,159,471.22
			Reallocation Payments	0.00
			Sale Proceeds	1,011,356.81
			Termination Proceeds	5,459,766.37
			Recovery Proceeds	20,712.88
			Total Collections	$53,651,307.28
		Advances
			Monthly Payment Advance	$3,999,305.96
			Sales Proceeds Advance	0.00
			Total Advances	$3,999,305.96
		Optional Purchase Price		0.00
		Net Investment Earnings on SUBI Collection Account		8,373.92
		Total Available Funds		$57,658,987.16


Collection Account

	Total Available Funds			$57,658,987.16
	Withdrawals from SUBI Collection Account
		Payment Date Advance Reimbursement		3,969,450.43
		Servicing Fees		2,094,186.03
		Note Distribution Account (Interest Due)		3,775,864.83
		Note Distribution Account (First Priority Principal Distribution Amount)		0.00
		Reserve Fund Deposit		0.00
		Note Distribution Account (Regular Principal Distribution Amount)		47,819,485.87
		Trustee Fees and Expenses not paid by Servicer		0.00
		Certificate Distribution Account (any remaining payments)		0.00
	Total Distributions from SUBI Collection Account			$57,658,987.16

Servicer Advance Amounts

	Beginning Period Unreimbursed Servicer Advances			$4,514,755.67
	Current Period Monthly Payment Advance			3,999,305.96
	Current Period Sales Proceeds Advance			-
	Current Reimbursement of Previous Servicer Advance			3,969,450.43
	Ending Period Unreimbursed Previous Servicer Advances			$4,544,611.20

Note Distribution Account

	Amount Deposited from the Collection Account			$51,595,350.70
	Amount Deposited from the Reserve Fund			0.00
	Amount Paid to Noteholders			$51,595,350.70

Distributions

	Priority Principal
		Aggregate Outstanding Note Principal		$1,852,567,015.13


	Monthly Principal Distributable Amount			First Priority Principal	Current Payment	Total Payment	Ending Balance	Per $1,000	Factor
		Class A-1 Notes		$ -	$47,819,485.87	$47,819,485.87	$151,747,529.26	138	0.44
		Class A-2 Notes		-	-	-	600,000,000.00	-	1.00
		Class A-3 Notes		-	-	-	933,000,000.00	-	1.00
		Class A-4 Notes		-	-	-	120,000,000.00	-	1.00
				$ -	$47,819,485.87	$47,819,485.87	$1,804,747,529.26

	Interest Distributable Amount					Interest Rate	Current Payment	Per $1,000
		Class A-1 Notes				0.79210%	$127,339.83	0.37
		Class A-2 Notes				2.04000%	1,020,000.00	1.70
		Class A-3 Notes				2.91000%	2,262,525.00	2.43
		Class A-4 Notes				3.66000%	366,000.00	3.05
							$3,775,864.83

Determination of Available Funds Shortfall Amount

	Total Available Funds			$57,658,987.16
		Payment Date Advance Reimbursement		3,969,450.43
		Servicing Fees		2,094,186.03
		Note Distribution Account (Interest Due)		3,775,864.83
		Note Distribution Account (First Priority Principal Distribution Amount)		-
		Total Distributions		$9,839,501.29
	Available Funds Shortfall Amount			-

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			$13,157,902.60
	Beginning Period Amount			13,157,902.60
	Current Period Deposit			-
	Net Investment Earnings			2,549.85
	Reserve Fund Draw Amount			2,549.85
	Release to Cerfiticate Holder			-
	Ending Period Required Amount			13,157,902.60
	Ending Period Amount			$13,157,902.60

Pool Characteristics
				Initial	End of Period
		Number of Specified Leases		70,854	70,164
		Weighted Average Remaining Term		24.49	21.13
		Weighted Average Original Term		34.06	34.05
		Weighted Average Seasoning		9.57	12.92

				Units	Securitization Value
	Early Terminations			200	$7,945,712.54
	Scheduled Terminations			-	-

				Beginning	Current Period	Cumulative
	Credit Losses			161,295.30	$102,752.14	264,047.44


	Residual Value Losses			Beginning	Current Period	Cumulative
		Sales and Termination Proceeds		$9,180,655.84	$4,229,322.23	$13,409,978.07
		ALG Residual Values		7,491,055.87	3,417,617.95	10,908,673.82
		Residual Value Loss / (Gain)		$ (1,689,599.97)	$ (811,704.28)	$(2,501,304.25)

	Delinquencies			Units	Securitization Value	Percentage
		31-60 Days Delinquent		371	$14,546,362.49	0.59%
		61-90 Days Delinquent		86	3,553,632.57	0.14%
		Over 90 Days Delinquent		40	1,908,044.13	0.08%
		Total 30+ Day Delinquent		497	$20,008,039.19	0.81%

BMW Vehicle Lease Trust 2009-1 10-D