Mercedes-Benz 

Auto Receivables 

T

rust 2025-1

Investor Report

Collection Period Ended  

31-May-2025

Dates

Collection Period No.

5

Page 1 of 5

Amounts in USD

Collection Period (from... to)

Determination Date

Record Date

Distribution Date

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

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

1-May-2025

12-Jun-2025

13-Jun-2025

16-Jun-2025

15-May-2025

15-May-2025

31-May-2025

16-Jun-2025

15-Jun-2025

Actual/360 Days

32

30/360 Days

30

Summary

Class A-1 Notes

Class A-2A Notes

Class A-2B Notes

Class A-3 Notes

Class A-4 Notes

T

otal Note Balance

Initial

Balance

 228,300,000.00

 155,680,000.00

 355,000,000.00

 480,680,000.00

 90,410,000.00

 1,310,070,000.00

Beginning

Balance

 6,248,415.56

 155,680,000.00

 355,000,000.00

 480,680,000.00

 90,410,000.00

 1,088,018,415.56

Ending

Balance

 0.00

 145,144,198.16

 330,975,015.07

 480,680,000.00

 90,410,000.00

 1,047,209,213.23

Principal

Payment

 6,248,415.56

 10,535,801.84

 24,024,984.93

 0.00

 0.00

 40,809,202.33

Principal per $1000

Face Amount

 27.369319

 67.676014

 67.676014

 0.000000

 0.000000

Note

Factor

 0.000000

 0.932324

 0.932324

 1.000000

 1.000000

Overcollateralization

Adjusted Pool Balance

Y

ield Supplement Overcollateralization Amount

Pool Balance

Initial 

Overcollateralization 

Amount

T

arget 

Overcollateralization 

Amount

Current Overcollateralization Amount

Class A-1 Notes

Class A-2A Notes

Class A-2B Notes

Class A-3 Notes

Class A-4 Notes

T

otal

 33,599,469.69

 1,343,669,469.69

 56,330,004.86

 1,399,999,474.55

Amount

 33,599,469.69

 33,591,736.74

 33,591,736.74

Interest Rate

 0.000000%

 4.500000%

 4.652280%

 4.780000%

 4.920000%

 33,591,736.74

 1,121,610,152.30

 46,966,884.68

 1,168,577,036.98

Percentage

 2.50%

 2.50%

 2.50%

Interest Payment

 0.00

 583,800.00

 1,468,052.80

 1,914,708.67

 370,681.00

$4,337,242.47

 33,591,736.74

 1,080,800,949.97

 45,203,750.92

 1,126,004,700.89

Interest per

$1000 Face 

Amount

 0.000000

 3.750000

 4.135360

 3.983333

 4.100000

Interest & Principal

Payment

 6,248,415.56

 11,119,601.84

 25,493,037.73

 1,914,708.67

 370,681.00

$45,146,444.80

Interest & Principal Payment

per $1000 Face Amount

 27.369319

 71.426014

 71.811374

 3.983333

 4.100000

Mercedes-Benz 

Auto Receivables 

T

rust 2025-1

Investor Report

Collection Period Ended  

31-May-2025

A

vailable Funds

Principal Collections

Interest Collections

Net Liquidation Proceeds

Recoveries

 40,636,658.24

 7,650,790.71

 1,179,581.33

 369,389.08

Distributions

(1)

T

otal Servicing Fee

Nonrecoverable Advances to the Servicer

(2)

T

otal Trustee Fees and any Asset Representations Reviewer

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

Page 2 of 5

Amounts in USD

 973,814.20

 0.00

 0.00

Purchase Amounts

Advances made by the Servicer

Investment Earnings

A

vailable Collections

Reserve Fund Draw Amount

A

vailable Funds

 0.00

 0.00

 172,752.53

 50,009,171.89

 0.00

 50,009,171.89

(3) Interest Distributable Amount Class 

A Notes

(4) Priority Principal Distributable Amount

(5)

T

o Reserve Fund to reach the Reserve Fund Required Amount

(6) Regular Principal Distributable Amount

(7) Additional Servicing Fee and Transition Costs

(8)

T

otal Trustee Fees and any Asset Representations Reviewer

fees [not previously paid under (2)]

(9) Excess Collections to Certificateholders

T

otal Distribution

 4,337,242.47

 0.00

 0.00

 40,809,202.33

 0.00

 0.00

 3,888,912.89

 50,009,171.89

Distribution Detail

T

otal Servicing Fee

T

otal Trustee Fee

Monthly Interest Distributable Amount

thereof on Class A-1 Notes

thereof on Class A-2A Notes

thereof on Class A-2B Notes

thereof on Class A-3 Notes

thereof on Class A-4 Notes

Interest Carryover Shortfall Amount

thereof on Class A-1  Notes

thereof on Class A-2A  Notes

thereof on Class A-2B  Notes

thereof on Class A-3  Notes

thereof on Class A-4  Notes

Interest Distributable Amount Class A

 Notes

Priority Principal Distributable Amount

Regular Principal Distributable Amount

Aggregate Principal Distributable Amount

Due

 973,814.20

 0.00

 4,337,242.47

 0.00

 583,800.00

 1,468,052.80

 1,914,708.67

 370,681.00

 0.00

 0.00

 0.00

 0.00

 0.00

 0.00

 4,337,242.47

 0.00

 40,809,202.33

 40,809,202.33

Paid

 973,814.20

 0.00

 4,337,242.47

 0.00

 583,800.00

 1,468,052.80

 1,914,708.67

 370,681.00

 0.00

 0.00

 0.00

 0.00

 0.00

 0.00

 4,337,242.47

 0.00

 40,809,202.33

 40,809,202.33

Shortfall

 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

 0.00

 0.00

 0.00

Mercedes-Benz 

Auto Receivables 

T

rust 2025-1

Investor Report

Collection Period Ended  

31-May-2025

Page 3 of 5

Amounts in USD

Reserve Fund and Investment Earnings

Reserve Fund

Reserve Fund Required Amount

Reserve Fund Amount - Beginning Balance

plus/minus change to meet Reserve Fund Required Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Draw Amount

Reserve Fund Amount - Ending Balance

Reserve Fund Deficiency

Investment Earnings

Net Investment Earnings on the Reserve Fund

Net Investment Earnings on the Collection Account

Investment Earnings for the Collection Period

 3,359,173.67

 3,359,173.67

 0.00

 11,416.30

 11,416.30

 0.00

 3,359,173.67

 0.00

 11,416.30

 161,336.23

 172,752.53

Notice to Investors

Mercedes-Benz 

Auto Receivables 

T

rust 2025-1

Investor Report

Collection Period Ended  

31-May-2025

Pool Statistics

Page 4 of 5

Amounts in USD

Pool Data

Cutoff Date Pool Balance

Pool Balance beginning of Collection Period

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchase Amounts

Principal Gross Losses

Pool Balance end of Collection Period

Pool Factor

W

eighted 

A

verage APR

W

eighted 

A

verage Number of Remaining Payments

W

eighted 

A

verage Seasoning (months)

Amount

 1,399,999,474.55

 1,168,577,036.98

 23,088,661.90

 17,547,996.34

 0.00

 1,935,677.85

 1,126,004,700.89

 80.43%

As of Cutoff Date

 7.95%

 57.50

 9.98

Number of Receivables

 29,020

 26,317

 25,724

Current

 8.01%

 51.50

 16.15

Mercedes-Benz 

Auto Receivables 

T

rust 2025-1

Investor Report

Collection Period Ended  

31-May-2025

Delinquency Profile

Page 5 of 5

Amounts in USD

Delinquency Profile 

(1)

Current

31-60 

Days 

Delinquent

61-90 

Days 

Delinquent

91-120 Days Delinquent

T

otal

Amount

 1,118,285,441.86

 5,500,576.84

 1,618,678.80

 600,003.39

 1,126,004,700.89

Number of Receivables

 25,589

102

27

6

 25,724

Percentage

 99.31%

 0.49%

 0.14%

 0.05%

 100.00%

Delinquency 

T

rigger

60+ Delinquency Loans to EOP Aggregate Securitization 

V

alue

Delinquency Trigger occurred

 3.550%

 0.197%

No

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

10% of the payment due under such receivable

Loss Statistics

Current

Cumulative

Losses 

(1)

Principal Gross Losses

Principal Net Liquidation Proceeds

Principal Recoveries

Principal Net Loss / (Gain)

Amount

 1,935,677.85

 1,175,549.97

 364,130.20

 395,997.68

Number of Receivables

43

Amount

 9,401,533.41

 5,107,355.08

 1,192,045.38

 3,102,132.95

Number of Receivables

212

Principal Net Loss / (Gain) as % of 

A

verage Pool Balance (annualized):

Current Collection Period

Prior Collection Period

Second Prior Collection Period

Third Prior Collection Period

Four Month 

A

verage

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

A

verage Net Loss / (Gain)

 0.414%

0.751 

%

0.627 

%

0.568 %

 0.590%

 0.222%

 14,632.70

(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

.

Mercedes-Benz Auto Receivables Trust 2025-1 10-D