BMW Vehicle Owner Trust 2024-A
|
||||||
Accrued Interest Date:
|
5/27/25
|
Collection Period Ending:
|
5/31/25
|
|||
Current Payment Date:
|
6/25/25
|
Period:
|
12
|
|||
Balances
|
||||||||||||
Initial
|
Beginning of Period
|
End of Period
|
||||||||||
Pool Balance
|
$
|
1,909,993,688.45
|
$
|
1,168,431,939.81
|
$
|
1,114,192,928.52
|
||||||
Yield Supplement Overcollateralization Amount
|
$
|
115,121,892.40
|
$
|
55,515,841.46
|
$
|
51,775,864.47
|
||||||
Adjusted Pool Balance
|
$
|
1,794,871,796.05
|
$
|
1,112,916,098.36
|
$
|
1,062,417,064.05
|
||||||
Reserve Account
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
||||||
Overcollateralization
|
$
|
44,871,796.05
|
$
|
44,871,794.90
|
$
|
44,871,794.90
|
||||||
Notes
|
Ratio
|
|||||||||||||||
Class A-1 Notes
|
$
|
363,000,000.00
|
-
|
-
|
0.0
|
%
|
||||||||||
Class A-2a Notes
|
$
|
320,500,000.00
|
$
|
161,022,151.73
|
$
|
135,772,634.57
|
13.3
|
%
|
||||||||
Class A-2b Notes
|
$
|
320,500,000.00
|
$
|
161,022,151.73
|
$
|
135,772,634.58
|
13.3
|
%
|
||||||||
Class A-3 Notes
|
$
|
641,000,000.00
|
$
|
641,000,000.00
|
$
|
641,000,000.00
|
63.0
|
%
|
||||||||
Class A-4 Notes
|
$
|
105,000,000.00
|
$
|
105,000,000.00
|
$
|
105,000,000.00
|
10.3
|
%
|
||||||||
$
|
1,750,000,000.00
|
$
|
1,068,044,303.46
|
$
|
1,017,545,269.15
|
100.0
|
%
|
|||||||||
Reconciliation of Collection Account
|
||||
Available Funds:
|
||||
Available Interest:
|
||||
Interest Collected on Receivables
|
$
|
5,273,905.08
|
||
Servicer Advances
|
164,280.57
|
|||
Servicer Advance Reimbursement
|
168,269.14
|
|||
Administrative Purchase Payment
|
0.00
|
|||
Warranty Purchase Payment
|
3,942.00
|
|||
Recoveries
|
24,564.78
|
|||
Investment Earnings from Reserve Account
|
16,181.73
|
|||
Investment Earnings from Collection Account
|
0.00
|
|||
Total Available Interest
|
$
|
5,314,605.02
|
||
Available Principal:
|
||||
Principal Collection on Receivables
|
||||
Receipts of Scheduled Principal
|
$
|
34,324,963.21
|
||
Receipts of Pre-Paid Principal
|
19,217,909.38
|
|||
Liquidation Proceeds
|
277,231.90
|
|||
Administrative Purchase Payment
|
0.00
|
|||
Warranty Purchase Payment
|
300,705.81
|
|||
Total Available Principal
|
$
|
54,120,810.30
|
||
Advances from the Reserve Account
|
$
|
0.00
|
||
Release from the Reserve Fund Account
|
$
|
0.00
|
||
Total Available Funds
|
$
|
59,435,415.32
|
||
Distributions:
|
||||
Servicing Fees
|
$
|
973,693.28
|
||
Non-recoverable Servicer Advance Reimbursement
|
14,501.20
|
|||
Noteholder's Accrued and Unpaid Interest
|
4,539,981.52
|
|||
First Priority Principal Distribution Amount to Noteholders
|
5,627,239.41
|
|||
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||
Regular Principal Distributable Amount to Noteholders
|
44,871,794.90
|
|||
Amounts paid to Indenture Trustee, Owner Trustee and Asset
|
8,000.00
|
|||
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)
|
3,400,205.01
|
|||
Total Distributions
|
$
|
59,435,415.32
|
||
Monthly Period Receivables Principal Balance Calculation
|
||||
Beginning Receivable Principal Balance
|
$
|
1,168,431,939.81
|
||
Monthly Principal Received
|
||||
Regular Principal Received
|
$
|
34,324,963.21
|
||
Prepaid Principal Received
|
19,217,909.38
|
|||
Liquidation Proceeds
|
277,231.90
|
|||
Principal Balance Allocable to Gross Charge-offs
|
118,200.99
|
|||
Principal Portion of Repurchased Receivables
|
300,705.81
|
|||
Total Monthly Principal Amounts
|
$
|
54,239,011.29
|
||
Ending Receivable Principal Balance
|
$
|
1,114,192,928.52
|
||
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
|
$
|
3,000.00
|
||
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
|
$
|
5,000.00
|
||
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
|
5.51200
|
%
|
$
|
0.00
|
0.00
|
|||||||
Class A-2a Notes
|
5.42000
|
%
|
$
|
727,283.39
|
2.27
|
|||||||
Class A-2b Notes
|
4.66197
|
%
|
$
|
604,714.80
|
1.89
|
|||||||
Class A-3 Notes
|
5.18000
|
%
|
$
|
2,766,983.33
|
4.32
|
|||||||
Class A-4 Notes
|
5.04000
|
%
|
$
|
441,000.00
|
4.20
|
|||||||
$
|
4,539,981.52
|
|||||||||||
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
|
$
|
161,022,151.73
|
$
|
25,249,517.16
|
$
|
135,772,634.57
|
78.78
|
0.42
|
||||||||||||
Class A-2b Notes
|
$
|
161,022,151.73
|
$
|
25,249,517.15
|
$
|
135,772,634.58
|
78.78
|
0.42
|
||||||||||||
Class A-3 Notes
|
$
|
641,000,000.00
|
-
|
$
|
641,000,000.00
|
0.00
|
1.00
|
|||||||||||||
Class A-4 Notes
|
$
|
105,000,000.00
|
-
|
$
|
105,000,000.00
|
0.00
|
1.00
|
|||||||||||||
1,068,044,303.46
|
50,499,034.31
|
1,017,545,269.15
|
||||||||||||||||||
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
|
55,515,841.46
|
|||
Beginning Period Amount
|
55,515,841.46
|
|||
Current Distribution Date Required Amount
|
51,775,864.47
|
|||
Current Period Release
|
3,739,976.99
|
|||
Ending Period Amount
|
51,775,864.47
|
|||
Reserve Account
|
||||
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
Beginning Period Amount
|
4,487,179.49
|
|||
Net Investment Earnings
|
16,181.73
|
|||
Current Period Deposit Amount Due
|
0.00
|
|||
Reserve Fund Draw Amount
|
0.00
|
|||
Ending Period Required Amount
|
4,487,179.49
|
|||
Release to Depositor
|
16,181.73
|
|||
Ending Period Amount
|
$
|
4,487,179.49
|
||
Overcollateralization
|
||||
Beginning Period Overcollateralization Amount
|
$
|
44,871,794.90
|
||
Target Overcollateralization Amount
|
$
|
44,871,794.90
|
||
Ending Period Over Collateralization Amount
|
$
|
44,871,794.90
|
||
Current Period Release
|
$
|
0.00
|
||
Receivables Data
|
||||||||
Beginning Period
|
Ending Period
|
|||||||
Number of Receivables
|
38,176
|
37,206
|
||||||
Weighted Average Remaining Term
|
41.67
|
40.84
|
||||||
Weighted Average Annual Percentage Rate
|
5.48
|
%
|
5.50
|
%
|
||||
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
30-59 Days
|
114
|
$
|
4,739,925.95
|
0.43
|
%
|
|||||||
60-89 Days
|
40
|
1,962,949.77
|
0.18
|
%
|
||||||||
90-119 Days
|
11
|
388,451.50
|
0.03
|
%
|
||||||||
120+ Days
|
5
|
338,011.92
|
0.03
|
%
|
||||||||
Total 30+ Days Past Due as of the end of the current period
|
170
|
$
|
7,429,339.14
|
0.67
|
%
|
|||||||
Total 60+ Days Past Due as of the end of the current period
|
56
|
$
|
2,689,413.19
|
0.24
|
%
|
|||||||
Delinquencies as of the end of prior periods
|
||||
Total 30+ Days Past Due as of the end of the prior period
|
0.67
|
%
|
||
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.73
|
%
|
||
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.60
|
%
|
||
Repossessions
|
Units
|
Dollar Amount
|
||||||
Beginning Period Repossessed Receivables Balance
|
25
|
1,386,825.53
|
||||||
Ending Period Repossessed Receivables Balance
|
24
|
1,311,629.95
|
||||||
Principal Balance of 90+ Day Repossessed Vehicles
|
4
|
307,083.93
|
||||||
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
7
|
118,200.99
|
||||||
Recoveries
|
7
|
24,564.78
|
||||||
Net Write-Offs
|
93,636.21
|
|||||||
Cumulative Net Write-offs
|
49
|
$
|
988,924.25
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.09
|
%
|
||||||
Charge Off Rate **
|
0.05
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
20,182.13
|
||||||
Historical Loss Information
|
||||||||
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
7
|
224,322.05
|
||||||
Recoveries
|
13
|
14,352.11
|
||||||
Net Write-Offs
|
209,969.94
|
|||||||
Cumulative Net Write-offs
|
42
|
$
|
895,288.04
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.07
|
%
|
||||||
Charge Off Rate **
|
0.05
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
21,316.38
|
||||||
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
9
|
165,809.10
|
||||||
Recoveries
|
2
|
4,789.96
|
||||||
Net Write-Offs
|
161,019.14
|
|||||||
Cumulative Net Write-offs
|
35
|
$
|
685,318.10
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.05
|
%
|
||||||
Charge Off Rate **
|
0.04
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
19,580.52
|
||||||
Write-offs as of the end of the 3rd Preceding Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
6
|
216,104.80
|
||||||
Recoveries
|
3
|
10,297.28
|
||||||
Net Write-Offs
|
205,807.52
|
|||||||
Cumulative Net Write-offs
|
26
|
$
|
524,298.96
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.04
|
%
|
||||||
Charge Off Rate **
|
0.03
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
20,165.34
|
||||||
*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.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||