|
BMW Vehicle Owner Trust 2024-A
|
||||||
|
Accrued Interest Date:
|
6/25/25
|
Collection Period Ending:
|
6/30/25
|
|||
|
Current Payment Date:
|
7/25/25
|
Period:
|
13
|
|||
|
Balances
|
||||||||||||
|
Initial
|
Beginning of Period
|
End of Period
|
||||||||||
|
Pool Balance
|
$
|
1,909,993,688.45
|
$
|
1,114,192,928.52
|
$
|
1,064,218,284.07
|
||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
115,121,892.40
|
$
|
51,775,864.47
|
$
|
48,349,883.04
|
||||||
|
Adjusted Pool Balance
|
$
|
1,794,871,796.05
|
$
|
1,062,417,064.05
|
$
|
1,015,868,401.03
|
||||||
|
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
|
$
|
135,772,634.57
|
$
|
112,498,303.06
|
11.6
|
%
|
||||||||
|
Class A-2b Notes
|
$
|
320,500,000.00
|
$
|
135,772,634.58
|
$
|
112,498,303.07
|
11.6
|
%
|
||||||||
|
Class A-3 Notes
|
$
|
641,000,000.00
|
$
|
641,000,000.00
|
$
|
641,000,000.00
|
66.0
|
%
|
||||||||
|
Class A-4 Notes
|
$
|
105,000,000.00
|
$
|
105,000,000.00
|
$
|
105,000,000.00
|
10.8
|
%
|
||||||||
|
$
|
1,750,000,000.00
|
$
|
1,017,545,269.15
|
$
|
970,996,606.13
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
|
||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
|
Interest Collected on Receivables
|
$
|
5,057,718.29
|
||
|
Servicer Advances
|
171,106.75
|
|||
|
Servicer Advance Reimbursement
|
150,659.98
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
7,572.98
|
|||
|
Recoveries
|
41,872.35
|
|||
|
Investment Earnings from Reserve Account
|
15,664.08
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
5,143,274.47
|
||
|
Available Principal:
|
||||
|
Principal Collection on Receivables
|
||||
|
Receipts of Scheduled Principal
|
$
|
32,279,598.71
|
||
|
Receipts of Pre-Paid Principal
|
16,733,604.26
|
|||
|
Liquidation Proceeds
|
300,133.57
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
374,515.29
|
|||
|
Total Available Principal
|
$
|
49,687,851.83
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
54,831,126.30
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
928,494.11
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
17,143.84
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
4,346,795.53
|
|||
|
First Priority Principal Distribution Amount to Noteholders
|
1,676,868.12
|
|||
|
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
|
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)
|
2,990,029.80
|
|||
|
Total Distributions
|
$
|
54,831,126.30
|
||
|
Monthly Period Receivables Principal Balance Calculation
|
||||
|
Beginning Receivable Principal Balance
|
$
|
1,114,192,928.52
|
||
|
Monthly Principal Received
|
||||
|
Regular Principal Received
|
$
|
32,279,598.71
|
||
|
Prepaid Principal Received
|
16,733,604.26
|
|||
|
Liquidation Proceeds
|
300,133.57
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
286,792.62
|
|||
|
Principal Portion of Repurchased Receivables
|
374,515.29
|
|||
|
Total Monthly Principal Amounts
|
$
|
49,974,644.45
|
||
|
Ending Receivable Principal Balance
|
$
|
1,064,218,284.07
|
||
|
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
|
5.51200
|
%
|
$
|
0.00
|
0.00
|
|||||||
|
Class A-2a Notes
|
5.42000
|
%
|
$
|
613,239.73
|
1.91
|
|||||||
|
Class A-2b Notes
|
4.64517
|
%
|
$
|
525,572.47
|
1.64
|
|||||||
|
Class A-3 Notes
|
5.18000
|
%
|
$
|
2,766,983.33
|
4.32
|
|||||||
|
Class A-4 Notes
|
5.04000
|
%
|
$
|
441,000.00
|
4.20
|
|||||||
|
$
|
4,346,795.53
|
|||||||||||
|
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
|
$
|
135,772,634.57
|
$
|
23,274,331.51
|
$
|
112,498,303.06
|
72.62
|
0.35
|
||||||||||||
|
Class A-2b Notes
|
$
|
135,772,634.58
|
$
|
23,274,331.51
|
$
|
112,498,303.07
|
72.62
|
0.35
|
||||||||||||
|
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
|
|||||||||||||
|
1,017,545,269.15
|
46,548,663.02
|
970,996,606.13
|
||||||||||||||||||
|
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
|
51,775,864.47
|
|||
|
Beginning Period Amount
|
51,775,864.47
|
|||
|
Current Distribution Date Required Amount
|
48,349,883.04
|
|||
|
Current Period Release
|
3,425,981.43
|
|||
|
Ending Period Amount
|
48,349,883.04
|
|||
|
Reserve Account
|
||||
|
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
|
Beginning Period Amount
|
4,487,179.49
|
|||
|
Net Investment Earnings
|
15,664.08
|
|||
|
Current Period Deposit Amount Due
|
0.00
|
|||
|
Reserve Fund Draw Amount
|
0.00
|
|||
|
Ending Period Required Amount
|
4,487,179.49
|
|||
|
Release to Depositor
|
15,664.08
|
|||
|
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
|
37,206
|
36,262
|
||||||
|
Weighted Average Remaining Term
|
40.84
|
40.02
|
||||||
|
Weighted Average Annual Percentage Rate
|
5.50
|
%
|
5.51
|
%
|
||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
117
|
$
|
5,022,918.81
|
0.47
|
%
|
|||||||
|
60-89 Days
|
35
|
1,469,825.34
|
0.14
|
%
|
||||||||
|
90-119 Days
|
18
|
862,311.08
|
0.08
|
%
|
||||||||
|
120+ Days
|
6
|
223,964.45
|
0.02
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
176
|
$
|
7,579,019.68
|
0.71
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
59
|
$
|
2,556,100.87
|
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
|
0.67
|
%
|
||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.73
|
%
|
||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||
|
Beginning Period Repossessed Receivables Balance
|
24
|
1,311,629.95
|
||||||
|
Ending Period Repossessed Receivables Balance
|
22
|
1,238,793.29
|
||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
2
|
142,448.62
|
||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
11
|
286,792.62
|
||||||
|
Recoveries
|
19
|
41,872.35
|
||||||
|
Net Write-Offs
|
244,920.27
|
|||||||
|
Cumulative Net Write-offs
|
60
|
$
|
1,233,844.52
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.11
|
%
|
||||||
|
Charge Off Rate **
|
0.06
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
20,564.08
|
||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior 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
|
||||||
|
Write-offs as of the end of the 2nd Preceding 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 3rd 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
|
||||||
|
*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.
|