exhibit99-1.htm

BMW Vehicle Lease Trust 2024-2

Collection Period Ending:

6/30/25

Previous Payment Date:

6/25/25

Current Payment Date:

7/25/25

Accrued Interest Days (30/360):

Accrued Interest Days (act/360):

Balances

				Initial	Beginning of Period	End of Period
				Initial	Beginning of Period	End of Period
	Aggregate Securitization Value		$ 1,468,860,401.91		$ 1,198,491,729.81	$ 1,164,844,252.44
	Aggregate Discounted ALG Residual Value			$ 756,051,186.48	$ 736,255,237.64	$ 729,799,575.50
	Reserve Fund			$ 3,672,151.00	$ 3,672,151.00	$ 3,672,151.00

	Notes
		Class A-1 Notes		$ 195,200,000.00	-	-
		Class A-2a Notes		$ 231,200,000.00	$ 175,255,009.94	$ 158,431,271.25
		Class A-2b Notes		$ 231,200,000.00	$ 175,255,009.94	$ 158,431,271.26
		Class A-3 Notes		$ 462,400,000.00	$ 462,400,000.00	$ 462,400,000.00
		Class A-4 Notes		$ 130,000,000.00	$ 130,000,000.00	$ 130,000,000.00
				$ 1,250,000,000.00	$ 942,910,019.88	$ 909,262,542.51


	Overcollateralization			$ 218,860,401.91		$ 255,581,709.93

Current Collection Period

	Beginning Securitization Value												$ 1,198,491,729.81
			Principal Reduction Amount										33,647,477.37
	Ending Securitization Value												$ 1,164,844,252.44

	First Priority Principal
	First Priority Principal
			Aggregate Outstanding Note Balance (Beginning of Period)										$ 942,910,019.88
			Aggregate Securitization Value (End of Period)										$ 1,164,844,252.44
	First Priority Principal Distribution Amount												-

	Target Note Balance												$ 909,262,542.51
	Target Note Balance
			Target Overcollateralization Amount										$ 255,581,709.93
			Target Overcollateralization Percentage										17.40%

	Determination of Available Funds


			Collections

						Monthly Payments (net of Daily Advance Reimbursements) *							$ 27,555,277.96
						Reallocation Payment							306,797.29

						Sale Proceeds							1,241,639.07
						Termination Proceeds							17,347,187.30
						Recovery Proceeds							45,534.03
						Total Collections							$ 46,496,435.65
			Advances
						Monthly Payment Advance							$ 1,894,760.44
						Sales Proceeds Advance							-
						Total Advances							$ 1,894,760.44
			Optional Purchase Price										0.00
			Net Investment Earnings on SUBI Collection Account										-
			Total Available Funds										$ 48,391,196.09

Collection Account

	Total Available Funds												$ 48,391,196.09
	Withdrawals from SUBI Collection Account
			Payment Date Advance Reimbursement										1,828,917.07
			Servicing Fees										998,743.11
			Note Distribution Account (Interest Due)										3,383,404.75
			Note Distribution Account (First Priority Principal Distribution Amount)										-
			Reserve Fund Deposit										-
			Note Distribution Account (Regular Principal Distribution Amount)										33,647,477.37

			Amounts paid to Indenture Trustee, Owner Trustee and Asset										-
			Representations Reviewer (subject to annual cap)
			Amounts paid to Indenture Trustee, Owner Trustee and Asset										-
			Representations Reviewer (not subject to annual cap)
			Certificate Distribution Account (any remaining payments)										8,532,653.79

	Total Distributions from SUBI Collection Account												$ 48,391,196.09



Servicer Advance Amounts

		Beginning Period Unreimbursed Servicer Advance											$ 2,059,915.97
		Current Period Monthly Payment Advance											1,894,760.44
		Current Period Sales Proceeds Advance											-
		Current Reimbursement of Previous Servicer Advance											1,828,917.07
		Ending Period Unreimbursed Previous Servicer Advances											$ 2,125,759.34


Note Distribution Account


		Amount Deposited from the Collection Account										$ 37,030,882.12
		Amount Deposited from the Reserve Fund										-
		Amount Paid to Noteholders										$ 37,030,882.12

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									-
			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									-
			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									-
			giving effect to payments on current Payment Date:


Distributions

		Priority Principal
				Aggregate Outstanding Note Principal $ 942,910,019.88

		Monthly Principal Distributable Amount					First Priority Principal				Current Payment							Total Payment			Ending Balance			Per $1,000	Note Factor


				Class A-1 Notes			-				-							-			-			-	-

				Class A-2a Notes			-				$ 16,823,738.69							$ 16,823,738.69			$ 158,431,271.25			73	0.69
				Class A-2b Notes			-				$ 16,823,738.68							$ 16,823,738.68			$ 158,431,271.26			73	0.69
				Class A-3 Notes			-				-							-			$ 462,400,000.00			-	1.00
				Class A-4 Notes			-				-							-			$ 130,000,000.00			-	1.00
							-				$ 33,647,477.37							$ 33,647,477.37			$ 909,262,542.51



		Interest Distributable Amount													Interest Rate				Current Payment				Per $1,000

				Class A-1 Notes											4.68100%				-				0.00
				Class A-2a Notes											4.29000%				$ 626,536.66				2.71
				Class A-2b Notes											4.72517%				$ 690,091.43				2.98
				Class A-3 Notes											4.18000%				$ 1,610,693.33				3.48
				Class A-4 Notes											4.21000%				$ 456,083.33				3.51
																			$ 3,383,404.75

Carryover Shortfalls

								Prior Period Carryover								Current Payment				Current Period Carryover

		Class A-1 Interest Carryover Shortfall						-								-						-
		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						-								-						-



Reserve Fund

		Beginning Period Required Amount							$ 3,672,151.00
		Beginning Period Amount							3,672,151.00
		Current Period Deposit							-
		Net Investment Earnings							12,818.94
		Reserve Fund Draw Amount							-
		Release to Certificateholder							12,818.94
		Ending Period Required Amount							3,672,151.00
		Ending Period Amount							$ 3,672,151.00



Pool Characteristics
									Initial								End of Period
				Number of Specified Leases					26,514								23,442
				Weighted Average Remaining Term					28.00								18.64
				Weighted Average Original Term					36.00								35.92
				Weighted Average Seasoning					8.00								17.27

									Units								Securitization Value
		Early Terminations							169								$ 8,485,610.15
		Scheduled Terminations							223								$ 7,438,814.64

		Residual Value Losses for the Current Period							Beginning								Current Period					Cumulative
				Sales and Termination Proceeds					$ 109,061,599.15								$ 17,219,568.69					$ 126,281,167.84
				ALG Residual Values					81,721,457.30								13,477,410.80					95,198,868.10
				Residual Value Loss / (Gain)													$ (3,742,157.89)					$ (31,082,299.74)



				Cumulative Residual Value Loss / (Gain) as of the end of the prior period																		$ (27,340,141.85)
				Cumulative Residual Value Loss / (Gain) as of the end of the 2nd preceding period																		$ (23,678,342.37)
				Cumulative Residual Value Loss / (Gain) as of the end of the 3rd preceding period																		$ (19,803,054.72)

			Delinquencies as of the end of the current period						Units								Securitization Value					Percentage
					31-60 Days Delinquent				78								4,311,804.04					0.37%
					61-90 Days Delinquent				23								1,201,241.48					0.10%
					91-120 Days Delinquent				8								422,434.74					0.04%
					121 - 150 Days Delinquent				3								204,079.41					0.02%
					151 Days or More Delinquent				0								0.00					0.00%
					Total 30+ Days Past Due as of the end of the current period					112							$6,139,559.67					0.53%
					Total 60+ Days Past Due as of the end of the current period					34							$1,827,755.63					0.16%

			Delinquencies as of the end of prior periods
					Total 30+ Days Past Due as of the end of the prior period																	0.53%
					Total 30+ Days Past Due as of the end of the 2nd preceding period																	0.52%
					Total 30+ Days Past Due as of the end of the 3rd preceding period																	0.46%

			Credit Losses as of the end of the current period											Units			Dollar Amount
					Gross Credit Losses									5			62,066.10
					Gross Credit Losses
					Recoveries									9			36,953.42

					Net Credit Losses												25,112.68
					Net Credit Losses												25,112.68
					Cumulative Net Credit Losses									21			$151,239.35

					Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **												0.01%

					Charge Off Rate ***												0.01%

					Average of Net Credit Losses ****												$7,201.87



Historical Loss Information

			Credit Losses as of the end of the prior period						Units								Dollar Amount
					Gross Credit Losses				3								49,937.06
					Recoveries				4								6,410.51
					Net Credit Losses												43,526.55
					Cumulative Net Credit Losses				16								$126,126.67
					Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **												0.01%
					Charge Off Rate ***												0.01%
					Average of Net Credit Losses ****												7,882.92

			Credit Losses as of the end of the 2nd preceding period						Units								Dollar Amount
					Gross Credit Losses				7								63,141.24
					Recoveries				4								4,408.05
					Net Credit Losses												58,733.19
					Cumulative Net Credit Losses				13								$82,600.12
					Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **												0.01%
					Charge Off Rate ***												0.01%
					Average of Net Credit Losses ****												6,353.86


			Credit Losses as of the end of the 3rd preceding period						Units								Dollar Amount
					Gross Credit Losses				1								8,413.95
					Recoveries				1								1,106.48
					Net Credit Losses												7,307.47
					Cumulative Net Credit Losses				6								$23,866.93
					Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **												0.00%
					Charge Off Rate ***												0.00%
					Average of Net Credit Losses ****												3,977.82


* Includes Pull Ahead amounts
** Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value is calculated by dividing the Cumulative Net Credit Losses by the Avg Aggregate Sec Value for the period.
Avg Aggregate Sec Value for a period is equal to the average of the Beginning Securitization Value and the Ending Securitization Value for such period.
*** Charge Off Rate is calculated by dividing Cumulative Net Credit Losses by Initial Aggregate Securitization Value as of the Cut-off date.
**** Average of Net Credit Losses is calculated by dividing Cumulative Net Credit Losses by the aggregate number of Leases that have experienced a net credit loss.