Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 1 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Dec-2023

Dates

31-Dec-2023

Actual/360 Days

32

30/360 Days

30

16-Jan-2024

15-Jan-2024

Collection Period No.

43

Collection Period (from... to)

Determination Date

Record Date

Distribution Date

Interest Period of the Clas

s

A-1 Notes (from... to)

Interest Period of the Clas

s

A-2A, A-3 an

d

A-4 Notes (from... to)

1-Dec-2023

11-Jan-2024

12-Jan-2024

16-Jan-2024

15-Dec-2023

15-Dec-2023

Summary

Beginning

Balance

0.00

0.00

0.00

72,778,777.85

Principal

Payment

0.00

0.00

0.00

7,573,087.92

Ending

Balance

0.00

0.00

0.00

65,205,689.93

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

0.000000

94.639939

Initial

Balance

278,000,000.00

351,600,000.00

351,600,000.00

80,020,000.00

Note

Factor

0.000000

0.000000

0.000000

0.814867

72,778,777.85

65,205,689.93

7,573,087.92

T

otal Note Balance

1,061,220,000.00

Overcollateralization

Adjusted Pool Balance

Y

ield Supplement Overcollateralizatio

n

Amount

Pool Balance

27,211,147.07

99,989,924.92

2,548,399.32

102,538,324.24

27,211,147.07

92,416,837.00

2,291,030.39

94,707,867.39

27,225,882.84

1,088,445,882.84

36,332,043.60

1,124,777,926.44

Initial 

Overcollateralizatio

n

Amount

T

arget 

Overcollateralizatio

n

Amount

Current Overcollateralizatio

n

Amount

Amount

Percentage

2.50%

2.50%

2.50%

27,225,882.84

27,211,147.07

27,211,147.07

Clas

s

A-1

Notes

Clas

s

A-2

Notes

Clas

s

A-3

Notes

Clas

s

A-4 Notes

Interest 

Rate

0.262750%

0.460000%

0.550000%

0.770000%

Interest Payment

0.00

0.00

0.00

46,699.72

Interest per

$1000 Fac

e

Amount

0.000000

0.000000

0.000000

0.583601

Interest & Principal

Payment

0.00

0.00

0.00

7,619,787.64

Interest & Principal Payment

per $1000 Fac

e

Amount

0.000000

0.000000

0.000000

95.223540

$7,619,787.64

T

otal

$46,699.72

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 2 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Dec-2023

A

vailable Collections

Reserve Fund Dra

w

Amount

A

vailable Funds

Purchas

e

Amounts

Advances made by the Servicer

Investment Earnings

Principal Collections

Interest Collections

Net Liquidation Proceeds

Recoveries

8,148,652.1

1

0.00

8,148,652.1

1

7,719,855.63

335,384.05

38,084.09

8,832.07

0.00

0.00

46,496.27

(1)

T

otal Servicing Fee

Nonrecoverabl

e

Advances to the Servicer

(2)

T

otal Trustee Fees and an

y

Asset Representations Reviewer

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

85,448.60

0.00

0.00

46,699.72

0.00

0.00

7,573,087.92

0.00

0.00

(3) Interest Distributabl

e

Amount Clas

s

A Notes

(4) Priority Principal Distributabl

e

Amount

(5)

T

o Reserve Fund to reach the Reserve Fund Require

d

Amount

(6) Regular Principal Distributabl

e

Amount

(7) Additional Servicing Fee and Transition Costs

(8)

T

otal Trustee Fees and an

y

Asset Representations Reviewer

fees [not previously paid under (2)]

(9) Excess Collections to Certificateholders

T

otal Distribution

8,148,652.1

1

443,415.87

Distributions

A

vailable Funds

Distribution Detail

Paid

Shortfall

Due

T

otal Servicing Fee

T

otal Trustee Fee

85,448.60

0.00

0.00

0.00

85,448.60

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

46,699.72

0.00

0.00

0.00

46,699.72

0.00

0.00

0.00

0.00

0.00

46,699.72

0.00

0.00

0.00

46,699.72

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

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

46,699.72

46,699.72

0.00

Interest Distributabl

e

Amount Clas

s

A

Notes

Priority Principal Distributabl

e

Amount

Regular Principal Distributabl

e

Amount

0.00

7,573,087.92

0.00

0.00

0.00

7,573,087.92

Aggregate Principal Distributabl

e

Amount

7,573,087.92

7,573,087.92

0.00

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 3 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Dec-2023

Reserve Fund and Investment Earnings

Investment Earnings

Reserve Fund

Reserve Fun

d

Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fun

d

Amount - Ending Balance

5,442,229.41

0.00

5,442,229.41

Reserve Fund Require

d

Amount

plus/minus change to meet Reserve Fund Require

d

Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Dra

w

Amount

Investment Earnings for the Collection Period

Net Investment Earnings on the Reserve Fund

Net Investment Earnings on the Collectio

n

Account

19,280.90

27,215.37

46,496.27

5,442,229.41

0.00

19,280.90

19,280.90

0.00

Notice to Investors

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 4 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Dec-2023

Pool Statistics

Pool Data

4.05%

18.33

51.35

Cutoff Date Pool Balance

Amount

1,124,777,926.44

Pool Balance beginning of Collection Period

102,538,324.24

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchas

e

Amounts

Principal Gross Losses

Pool Balance end of Collection Period

W

eighte

d

A

verag

e

APR

94,707,867.39

9,181

9,517

W

eighte

d

A

verage Number of Remaining Payments

W

eighte

d

A

verage Seasoning (months)

As of Cutoff Date

Current

Number of Receivables

35,214

5,928,518.75

1,791,336.88

0.00

110,601.22

Pool Factor

8.42%

3.82%

52.53

11.02

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 5 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Dec-2023

Delinquency Profile

(1) A receivable is not considered delinquent if the amount past due is less than

10% of the payment due under such receivable

9,181

31-60 

Days 

Delinquent

61-90 

Days 

Delinquent

91-120 Days Delinquent

T

otal

Current

98.97%

0.75%

0.23%

0.05%

100.00%

93,731,158.97

707,910.20

219,131.70

49,666.52

94,707,867.39

9,111

51

16

3

Delinquency Profile 

(1)

Amount

Number of Receivables

Percentage

Delinquency 

T

rigger

3.550%

60+ Delinquency Loans to EO

P

Aggregate Securitization 

V

alue

0.284%

Delinquency Trigger occurred                                                                                                                                                                                                           

No

Loss Statistics

A

verage Net Loss / (Gain)

6,046.81

Cumulative Principal Net Loss / (Gain) as % of Cutoff Date Pool Balance

Four Mont

h

A

verage

0.536%

Principal Net Loss / (Gain) as % of 

A

verage Pool Balance (annualized):

2,473,145.64

64,087.81

Principal Net Loss / (Gain)

Principal Net Liquidation Proceeds

Principal Recoveries

Principal Gross Losses

9

409

Losses 

(1)

Amount

110,601.22

38,000.73

8,512.68

Number of Receivables

Number of Receivables

Amount

11,133,519.63

4,305,270.68

4,355,103.31

Current

Cumulative

0.220%

(1) Losses include accounts that have been charged off with a balance remaining of less than

$50.

These accounts are excluded in the Number of Receivables count as they are not

considered a charge-off 

on a defaulted loan

.

Current Collection Period

0.780%

Prior Collection Period                                                                                                              

0.126 % Second Prior

Collection 

Period 

0.150 

%

Third 

Prior 

Collection 

Period

1.088 %

Mercedes-Benz Auto Receivables Trust 2020-1 10-D