BMW Vehicle Owner Trust 2023-A
 
           
Accrued Interest Date:
5/27/25
Collection Period Ending:
 
5/31/25
 
Current Payment Date:
6/25/25
Period:
   
23
 
             

Balances
 
                   
         
Beginning of Period
   
End of Period
 
   
Initial
 
Pool Balance
 
$
1,670,093,594.79
   
$
593,454,756.44
   
$
558,788,869.01
 
Yield Supplement Overcollateralization Amount
 
$
131,629,368.54
   
$
27,651,217.94
   
$
25,308,152.73
 
Adjusted Pool Balance
 
$
1,538,464,226.25
   
$
565,803,538.50
   
$
533,480,716.28
 
Reserve Account
 
$
3,846,160.57
   
$
3,846,160.57
   
$
3,846,160.57
 
Overcollateralization
 
$
38,464,226.25
   
$
38,461,605.66
   
$
38,461,605.66
 
                         
                         
                         
                         

Notes
                   
Ratio
 
Class A-1 Notes
 
$
350,000,000.00
     
-
     
-
     
0.0
%
                                 
Class A-2a Notes
 
$
345,000,000.00
     
-
     
-
     
0.0
%
                                 
Class A-2b Notes
 
$
180,000,000.00
     
-
     
-
     
0.0
%
                                 
Class A-3 Notes
 
$
525,000,000.00
   
$
427,341,932.84
   
$
395,019,110.62
     
79.8
%
                                 
Class A-4 Notes
 
$
100,000,000.00
   
$
100,000,000.00
   
$
100,000,000.00
     
20.2
%
   
$
1,500,000,000.00
   
$
527,341,932.84
   
$
495,019,110.62
     
100.0
%
                                 
                                 
                                 

Reconciliation of Collection Account
 
Available Funds:
 
Available Interest:
     
Interest Collected on Receivables
 
$
2,292,835.03
 
Servicer Advances
   
99,505.15
 
Servicer Advance Reimbursement
   
91,924.59
 
Administrative Purchase Payment
   
0.00
 
Warranty Purchase Payment
   
7,520.33
 
Recoveries
   
16,789.18
 
Investment Earnings from Reserve Account
   
13,870.08
 
Investment Earnings from Collection Account
   
0.00
 
Total Available Interest
 
$
2,338,595.18
 
         
Available Principal:
       
Principal Collection on Receivables
       
         
Receipts of Scheduled Principal
 
$
23,351,068.49
 
Receipts of Pre-Paid Principal
   
10,805,053.62
 
Liquidation Proceeds
   
132,954.37
 
Administrative Purchase Payment
   
0.00
 
Warranty Purchase Payment
   
278,077.22
 
         
   
Total Available Principal
 
$
34,567,153.70
 
         
Advances from the Reserve Account
 
$
0.00
 
Release from the Reserve Fund Account
 
$
0.00
 
         
Total Available Funds
 
$
36,905,748.88
 
         
Distributions:
       
Servicing Fees
 
$
494,545.63
 
Non-recoverable Servicer Advance Reimbursement
   
12,331.43
 
Noteholder's Accrued and Unpaid Interest
   
2,385,466.98
 
First Priority Principal Distribution Amount to Noteholders
   
0.00
 
Reserve Account Deposit to achieve the Specified Reserve Account Balance
   
0.00
 
Regular Principal Distributable Amount to Noteholders
   
32,322,822.22
 
         
Amounts paid to Indenture Trustee, Owner Trustee and Asset
   
0.00
 
Representations Reviewer (subject to annual cap)
       
Amounts paid to Indenture Trustee, Owner Trustee and Asset
   
0.00
 
Representations Reviewer (not subject to annual cap)
       
         
Certificate Distribution Account (any remaining payments)
   
1,690,582.62
 
         
Total Distributions
 
$
36,905,748.88
 
         
         
         

Monthly Period Receivables Principal Balance Calculation
 
       
Beginning Receivable Principal Balance
 
$
593,454,756.44
 
Monthly Principal Received
       
Regular Principal Received
 
$
23,351,068.49
 
Prepaid Principal Received
   
10,805,053.62
 
Liquidation Proceeds
   
132,954.37
 
Principal Balance Allocable to Gross Charge-offs
   
98,733.73
 
Principal Portion of Repurchased Receivables
   
278,077.22
 
Total Monthly Principal Amounts
 
$
34,665,887.43
 
         
Ending Receivable Principal Balance
 
$
558,788,869.01
 
         

Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
 
       
Indenture Trustee
     
Amount due and payable to Indenture Trustee before giving effect to
   
-
 
payments on current Payment Date:
       
Amount due and payable to Indenture Trustee after giving effect to
   
0.00
 
payments on current Payment Date:
       
         
         
Owner Trustee
       
Amount due and payable to Owner Trustee before giving effect to
   
-
 
payments on current Payment Date:
       
Amount due and payable to Owner Trustee after giving effect to
   
0.00
 
payments on current Payment Date:
       
         
         
Asset Representations Reviewer Trustee
       
Amount due and payable to Asset Representations Reviewer before
   
-
 
giving effect to payments on current Payment Date:
       
Amount due and payable to Asset Representations Reviewer after
   
0.00
 
giving effect to payments on current Payment Date:
       
         
         
         
         

Distributions
 
                   
                   
Interest Distributable Amount
 
Interest Rate
   
Current Payment
   
Per $1,000
 
Class A-1 Notes
   
5.59300
%
 
$
0.00
     
0.00
 
Class A-2a Notes
   
5.72000
%
 
$
0.00
     
0.00
 
Class A-2b Notes
   
0.00000
%
 
$
0.00
     
0.00
 
Class A-3 Notes
   
5.47000
%
 
$
1,947,966.98
     
3.71
 
Class A-4 Notes
   
5.25000
%
 
$
437,500.00
     
4.38
 
           
$
2,385,466.98
         
                         
                         

Monthly Principal Distributable Amount
 
Beginning Balance
   
Current Payment
   
Ending Balance
   
Per $1,000
   
Note Factor
 
Class A-1 Notes
   
-
     
-
     
-
     
0.00
     
0.00
 
Class A-2a Notes
   
-
     
-
     
-
     
0.00
     
0.00
 
Class A-2b Notes
   
-
     
-
     
-
     
0.00
     
0.00
 
Class A-3 Notes
 
$
427,341,932.84
   
$
32,322,822.22
   
$
395,019,110.62
     
61.57
     
0.75
 
Class A-4 Notes
 
$
100,000,000.00
     
-
   
$
100,000,000.00
     
0.00
     
1.00
 
     
527,341,932.84
     
32,322,822.22
     
495,019,110.62
                 
                                         
                                         
                                         

Carryover Shortfalls
 
                   
   
Prior Period Carryover
   
Current Payment
   
Per $1,000
 
Class A-1 Interest Carryover Shortfall
   
-
     
-
     
-
 
Class A-2a Interest Carryover Shortfall
   
-
     
-
     
-
 
Class A-2b Interest Carryover Shortfall
   
-
     
-
     
-
 
Class A-3 Interest Carryover Shortfall
   
-
     
-
     
-
 
Class A-4 Interest Carryover Shortfall
   
-
     
-
     
-
 
                         
                         
                         

Yield Supplement Overcollateralization Amount
 
       
Previous Distribution Date Required Amount
   
27,651,217.94
 
Beginning Period Amount
   
27,651,217.94
 
Current Distribution Date Required Amount
   
25,308,152.73
 
Current Period Release
   
2,343,065.21
 
Ending Period Amount
   
25,308,152.73
 
         

Reserve Account
 
       
Beginning Period Required Amount
 
$
3,846,160.57
 
Beginning Period Amount
   
3,846,160.57
 
Net Investment Earnings
   
13,870.08
 
Current Period Deposit Amount Due
   
0.00
 
Reserve Fund Draw Amount
   
0.00
 
Ending Period Required Amount
   
3,846,160.57
 
Release to Depositor
   
13,870.08
 
Ending Period Amount
 
$
3,846,160.57
 
         
         
         

Overcollateralization
 
       
Beginning Period Overcollateralization Amount
 
$
38,461,605.66
 
Target Overcollateralization Amount
 
$
38,461,605.66
 
Ending Period Over Collateralization Amount
 
$
38,461,605.66
 
Current Period Release
 
$
0.00
 
         
         

Receivables Data
 
             
 
Beginning Period
   
Ending Period
 
Number of Receivables
   
26,968
     
26,128
 
Weighted Average Remaining Term
   
32.31
     
31.51
 
Weighted Average Annual Percentage Rate
   
4.71
%
   
4.73
%
                 

                 
Delinquencies as of the end of the Current Period
 
Units
   
Dollar Amount
   
% of Ending Rec Prin Bal
 
30-59 Days
   
141
   
$
4,498,089.15
     
0.80
%
60-89 Days
   
48
     
1,905,838.84
     
0.34
%
90-119 Days
   
20
     
623,979.91
     
0.11
%
120+ Days
   
8
     
362,768.94
     
0.06
%
                         

Total 30+ Days Past Due as of the end of the current period
   
217
   
$
7,390,676.84
     
1.32
%
Total 60+ Days Past Due as of the end of the current period
   
76
   
$
2,892,587.69
     
0.52
%
                         

Delinquencies as of the end of prior periods
     
Total 30+ Days Past Due as of the end of the prior period
   
1.46
%
Total 30+ Days Past Due as of the end of the 2nd preceding  period
   
1.42
%
Total 30+ Days Past Due as of the end of the 3rd preceding  period
   
1.39
%
         

Repossessions
 
Units
   
Dollar Amount
 
Beginning Period Repossessed Receivables Balance
   
19
     
806,218.03
 
Ending Period Repossessed Receivables Balance
   
26
     
1,176,150.49
 
Principal Balance of 90+ Day Repossessed Vehicles
   
4
     
271,381.86
 
                 
Write-offs as of the end of the Current Period
 
Units
   
Dollar Amount
 
Gross Principal Write-offs
   
5
     
98,733.73
 
Recoveries
   
16
     
16,789.18
 
Net Write-Offs
           
81,944.55
 
Cumulative Net Write-offs
   
111
   
$
1,799,915.93
 
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
           
0.31
%
Charge Off Rate **
           
0.11
%
Avg of Net Write-offs ***
         
$
16,215.46
 
                 

Historical Loss Information
 
             
Write-offs as of the end of the Prior Period
 
Units
   
Dollar Amount
 
Gross Principal Write-offs
   
8
     
147,951.84
 
Recoveries
   
10
     
6,613.51
 
Net Write-Offs
           
141,338.33
 
Cumulative Net Write-offs
   
106
   
$
1,717,971.38
 
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
           
0.28
%
Charge Off Rate **
           
0.10
%
Avg of Net Write-offs ***
         
$
16,207.28
 
                 
Write-offs as of the end of the 2nd Preceding Period
 
Units
   
Dollar Amount
 
Gross Principal Write-offs
   
8
     
106,565.56
 
Recoveries
   
9
     
17,196.74
 
Net Write-Offs
           
89,368.82
 
Cumulative Net Write-offs
   
98
   
$
1,576,633.05
 
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
           
0.24
%
Charge Off Rate **
           
0.09
%
Avg of Net Write-offs ***
         
$
16,088.09
 
                 
                 
Write-offs as of the end of the 3rd Preceding Period
 
Units
   
Dollar Amount
 
Gross Principal Write-offs
   
7
     
135,876.32
 
Recoveries
   
7
     
23,340.94
 
Net Write-Offs
           
112,535.38
 
Cumulative Net Write-offs
   
90
   
$
1,487,264.23
 
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
           
0.22
%
Charge Off Rate **
           
0.09
%
Avg of Net Write-offs ***
         
$
16,525.16
 
                 

     
*Ratio of Cumulative Net Write-offs to Avg Portfolio Balance is calculated by dividing the Cumulative Net Write-offs for the period
 
     
   by the Avg Portfolio Balance for the period.
 
     
Avg Portfolio Balance for a period is equal to the average of the Beginning Receivable Principal Balance and the Ending Receivable
 
     
   Principal Balance for such period.
 
     
**Charge Off Rate is calculated by dividing Cumulative Net Write-offs by initial Pool Balance as of the Cut-off Date.
 
     
*** Average of Net Write-offs is calculated by dividing Cumulative Net Write-offs by the aggregate number of Receivables
 
     
   that have experienced a net write-off.