UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from
March 1, 2025 to March 31, 2025
Commission File Number of issuing entity: 333-249906-03
Commission Index Key Number of issuing entity: 0001990353
Volkswagen Auto Lease Trust 2023-A
(Exact name of issuing entity as specified in its charter)
Commission File Number of the depositor: 333-249906
Commission Index Key Number of the depositor: 0001182534
Volkswagen Auto Lease/Loan Underwritten Funding, LLC
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000833733
VW Credit, Inc.
(Exact name of sponsor as specified in its charter)
Delaware
(State or other jurisdiction of incorporation
or organization of the issuing entity)
88-6177185
(I.R.S. Employer Identification No.)
| 1950 Opportunity Way, Suite 1500, Reston, Virginia |
20190 |
| (Address of principal executive offices of the issuing entity) | (Zip Code) |
(703) 364-7000
(Telephone number, including area code)
N/A
(Former name, former address, if changed since last report)
Registered/reporting pursuant to (check one)
| Name of exchange | |||||
| Title of class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) | |
| Class A-1 Notes | x | ||||
| Class A-2-A Notes | x | ||||
| Class A-2-B Notes | x | ||||
| Class A-3 Notes | x | ||||
| Class A-4 Notes | x | ||||
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
PART I—DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
Distribution and pool performance information with respect to the receivables that comprise the assets of Volkswagen Auto Lease Trust 2023-A is set forth in the monthly servicer’s certificate attached as Exhibit 99.1.
Item 1A. Asset-Level Information
The Asset Data File and Asset Related Document filed as Exhibit 102 and Exhibit 103, respectively, to the Form ABS-EE filed by the issuing entity, Volkswagen Auto Lease Trust 2023-A, on April 21, 2025 are hereby incorporated by reference into this Form 10-D.
PART II—OTHER INFORMATION
Item 2. Legal Proceedings.
Not applicable
Item 3. Sales of Securities and Use of Proceeds.
Not applicable
Item 4. Defaults Upon Senior Securities.
Not applicable
Item 5. Submission of Matters to a Vote of Security Holders.
Not applicable
Item 6. Significant Obligors of Pool Assets.
Not applicable
Item 7. Change in Sponsor Interest in Securities.
Not applicable
Item 8. Significant Enhancement Provider Information.
Not applicable
Item 9. Other Information.
No assets securitized by VW Credit, Inc. (the “Securitizer”) and held by Volkswagen Auto Lease Trust 2023-A were the subject of a demand to repurchase or replace for breach of the representations and warranties during the distribution period from March 1, 2025 to March 31, 2025. Please refer to the Form ABS-15G dated February 11, 2025 filed by the Securitizer for additional information. The CIK number of the Securitizer is 0000833733.
Item 10. Exhibits.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| April 21, 2025 | Volkswagen Auto LEASE TRUST 2023-A | |
| By VW Credit, Inc., as Servicer | ||
| By: | /s/ Jodi Jay | |
| Name: | Jodi Jay | |
| Title: | Sr. Director Financial Reporting | |