Mercedes-Benz Auto Lease 

T

rust 2021-B

Page 1 of 6

Amounts in USD

Investor Report

Collection Period Ended

30-Sep-2023

Dates

30-Sep-2023

Collection Period No.

Collection Period (from... to)

Determination Date

Record Date

Payment Date

Interest Period of the Clas

s

A-1 Notes (from... to)

Interest Period of the Clas

s

A-2, A-3 an

d

A-4 Notes (from... 10/15/202

Actual/360 Days

31

30/360 Days

30

28

1-Sep-2023

12-Oct-2023

13-Oct-2023

16-Oct-2023

15-Sep-2023

15-Sep-2023

16-Oct-2023

15-Oct-2023

Summary

Beginning

Balance

0.00

0.00

177,328,945.02

120,120,000.00

Clas

s

A-1

Notes

Clas

s

A-2

Notes

Clas

s

A-3

Notes

Clas

s

A-4 Notes

Principal per $1000

Fac

e

Amount

0.000000

0.000000

91.285042

0.000000

Initial

Balance

264,600,000.00

452,600,000.00

452,600,000.00

120,120,000.00

Note

Factor

0.000000

0.000000

0.300516

1.000000

Principal

Payment

0.00

0.00

41,315,610.12

0.00

Ending

Balance

0.00

0.00

136,013,334.90

120,120,000.00

297,448,945.02

T

otal Note Balance

1,289,920,000.00

41,315,610.12

256,133,334.90

Overcollateralization

180,074,942.44

180,074,942.44

180,079,530.12

T

otal Securitization 

V

alue

present value of lease payments

present value of Base Residual 

V

alue

1,469,999,530.12

683,921,034.56

786,078,495.56

436,208,277.34

76,791,098.26

359,417,179.08

477,523,887.46

88,511,858.62

389,012,028.84

Amount

Percentage

Initial Overcollateralizatio

n

Amount

T

arget Overcollateralizatio

n

Amount

Current Overcollateralizatio

n

Amount

180,079,530.12

180,074,942.44

180,074,942.44

12.25%

12.25%

12.25%

Clas

s

A-1

Notes

Clas

s

A-2

Notes

Clas

s

A-3

Notes

Clas

s

A-4 Notes

Interest 

Rate

0.000000%

0.220000%

0.400000%

0.510000%

Interest per

$1000 Fac

e

Amount

0.000000

0.000000

0.130600

0.425000

Interest & Principal

Payment

0.00

0.00

41,374,719.77

51,051.00

Interest & Principal Payment

per $1000 Fac

e

Amount

0.000000

0.000000

91.415642

0.425000

Interest 

Payment

0.00

0.00

59,109.65

51,051.00

$41,425,770.77

T

otal

1

10,160.65

Mercedes-Benz Auto Lease 

T

rust 2021-B

Investor Report

Collection Period Ended

Page 2 of 6

Amounts in USD

30-Sep-2023

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

T

otal 

A

vailable Collections

T

otal Exchange Note Payments

Reserv

e

Account Dra

w

Amount

T

otal 

A

vailable Funds

A

vailable Funds ABS Notes

A

vailable 2021-B Collections

49,853,032.55

Initial

Balance

Beginning

Balance

Ending

Balance

Exchange Note Balance

1,396,499,553.61

404,023,910.95

362,708,300.83

41,490,687.15

41,490,687.15

0.00

Subtotal

10,416,435.24

20,651,313.78

18,611,167.17

9,243.19

50,992.51

49,678,916.19

0.00

0.00

174,116.36

110,160.65

0.00

0.00

41,315,610.12

0.00

0.00

(8) Excess Collections to Certificateholders

T

otal Distribution

(1)

T

otal Trustee Fees and an

y

Asset Representations Reviewer fees

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

(2) Interest Distributabl

e

Amount Clas

s

A Notes

(3) Priority Principal Distributio

n

Amount

(4)

T

o Reserve Fund to reach the Reserve Fund Require

d

Amount

(5) Regular Principal Distributio

n

Amount

(6) Additional Servicing Fee and Transition Costs

(7)

T

otal Trustee Fees and an

y

Asset Representations Reviewer fees

[not previously paid under (1)]

0.00

41,490,687.15

(1)

T

otal Servicing Fee

Nonrecoverabl

e

Advances to the Servicer

(2) Exchange Note Interest Distributabl

e

Amount

(0.52%)

(3) Exchange Note Principal Distributabl

e

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 Distributabl

e

Amount and the Exchange Note Principal

Distributabl

e

Amount

(5) Remaining Funds Payable

T

otal Distribution

49,853,032.55

Distributions ABS Notes

Distribution on the Exchange Note

397,936.57

0.00

175,077.03

41,315,610.12

0.00

64,916.38

7,964,408.83

Mercedes-Benz Auto Lease 

T

rust 2021-B

Page 3 of 6

Amounts in USD

Investor Report

Collection Period Ended

30-Sep-2023

Distribution Detail

Amount Paid

Shortfall

Amount Due

T

otal Servicing Fee

T

otal Trustee Fee

397,936.57

0.00

0.00

0.00

397,936.57

0.00

Monthly Interest Distributabl

e

Amount

thereof on Clas

s

A-1 Notes

thereof on Clas

s

A-2 Notes

thereof on Clas

s

A-3 Notes

thereof on Clas

s

A-4 Notes

110,160.65

0.00

0.00

59,109.65

51,051.00

0.00

0.00

0.00

0.00

0.00

110,160.65

0.00

0.00

59,109.65

51,051.00

Interest Carryover Shortfal

l

Amount

thereof on Clas

s

A-1

Notes

thereof on Clas

s

A-2

Notes

thereof on Clas

s

A-3

Notes

thereof on Clas

s

A-4

Notes

Interest Distributabl

e

Amount Clas

s

A

Notes

0.00

0.00

0.00

0.00

0.00

110,160.65

0.00

0.00

0.00

0.00

0.00

110,160.65

0.00

0.00

0.00

0.00

0.00

0.00

Priority Principal Distributio

n

Amount

0.00

0.00

0.00

Regular Principal Distributio

n

Amount

41,315,610.12

0.00

41,315,610.12

Principal Distributio

n

Amount

41,315,610.12

41,315,610.12

0.00

Mercedes-Benz Auto Lease 

T

rust 2021-B

Page 4 of 6

Amounts in USD

Investor Report

Collection Period Ended

30-Sep-2023

Investment Earnings

Reserve Fund and Investment Earnings

Reserve Fund

Reserve Fund Deficiency

3,674,998.83

Reserve Fund Require

d

Amount

Reserve Fun

d

Amount - Beginning Balance

plus top up Reserve Fund up to the Require

d

Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Dra

w

Amount

Reserve Fun

d

Amount - Ending Balance

Net Investment Earnings on the Reserve Fund

Net Investment Earnings on the Exchange Note

Collectio

n

Account

Investment Earnings for the Collection Period

12,692.28

161,424.08

174,116.36

3,674,998.83

0.00

12,692.28

12,692.28

0.00

3,674,998.83

0.00

Notice to Investors

Mercedes-Benz Auto Lease 

T

rust 2021-B

Page 5 of 6

Amounts in USD

Investor Report

Collection Period Ended

30-Sep-2023

Pool Statistics

Pool Data

29.67%

Pool Factor

Number of Leases

32,998

Cutoff Date Securitization 

V

alue

Securitization 

V

alue beginning of Collection Period

Principal portion of lease payments

T

erminations- Early

T

erminations- Scheduled

Repurchase Payment (excluding interest)

Gross Losses

Securitization 

V

alue end of Collection Period

477,523,887.46

7,958,287.59

16,634,069.26

15,554,189.57

0.00

1,169,063.70

436,208,277.34

Amount

1,469,999,530.12

14,824

13,682

As of Cutoff Date

6.58%

29.51

11.34

917,070,196.49

W

eighte

d

A

verage Securitization Rate

W

eighte

d

A

verage Remaining 

T

erm (months)

W

eighte

d

A

verage Seasoning (months)

Aggregate Base Residual 

V

alue

Cumulative Turn-in Ratio

Proportion of base prepayment assumption realized life to date

Actual lifetime prepayment speed

Current

6.56%

8.30

34.30

374,498,372.22

19.33%

89.41%

0.83%

Delinquency Profile

*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 

V

alue of the respective leases

Amount **

431,527,518.62

3,010,480.63

1,256,717.36

413,560.73

436,208,277.34

Percentage

98.93%

0.69%

0.29%

0.09%

100.00%

Delinquency Profile *

Current

31-60 

Days 

Delinquent

61-90 

Days 

Delinquent

91-120 Days Delinquent

T

otal

Number of Leases

13,558

78

35

11

13,682

Delinquency 

T

rigger

5.147%

60+ Delinquency Leases to EO

P

Aggregate Securitization 

V

alue

0.383%

Delinquency Trigger occurred                                                                                                                                                                                                           

No

Mercedes-Benz Auto Lease 

T

rust 2021-B

Page 6 of 6

Amounts in USD

Investor Report

Collection Period Ended

30-Sep-2023

Loss Statistics

Current

Credit Loss

Amount

Number of Leases

Cumulative

Amount

Number of Leases

Securitization 

V

alue of Defaulted Leases, Beg of Collection Period

Liquidation Proceeds

Recoveries

1,018,057.68

736,336.53

432,693.46

Principal Net Credit Loss / (Gain)

(150,972.31)

(221,843.81)

28

33,171,349.52

844

28,094,141.83

5,299,051.50

Net Credit Loss / (Gain) as % of 

A

verage Securitization 

V

alue (annualized):

Current Collection Period

Prior Collection Period

Second

Prior Collection Period Third

Prior Collection Period

Four Mont

h

A

verage

0.211%

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

V

alue

A

verage Net Credit Loss / (Gain)

(262.85)

(0.015)%

(0.397)%

0.195 

%

0.347 

%

0.700 %

Current

Residual Loss

Amount

Number of Leases

Cumulative

Amount

Number of Leases

Securitization 

V

alue of Liquidated Leases, Beg of Collection Period

Sales Proceeds and Other Payments Received

Residual Loss / (Gain)

32,339,264.85

38,065,743.82

1,114

596,991,236.95

18,469

698,312,102.01

(5,726,478.97)

(101,320,865.06)

Residual Loss / (Gain) as % of 

A

verage Securitization 

V

alue (annualized):

Current Collection Period

Prior Collection Period

Second

Prior Collection Period Third

Prior Collection Period

Four Mont

h

A

verage

(13.444)%

A

verage Residual Loss / (Gain)

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

V

alue

(6.893)%

(5,486.00)

(15.041)%

(14.959%)

(10.915%)

(12.861%)

Mercedes-Benz Auto Lease Trust 2021-B 10-D