Exhibit 99.1

Nissan Auto Lease Trust 2024-A

Servicer’s Report

 

Collection Period Start    1-Apr-26    Distribution Date   

15-May-26

Collection Period End    30-Apr-26    30/360 Days   

30

Beg. of Interest Period    15-Apr-26    Actual/360 Days   

30

End of Interest Period    15-May-26      

 

SUMMARY              
     Coupon Rate     Initial Balance      Beginning Balance      Ending Balance      Pool Factor  

Total Portfolio

       1,560,158,172.56        565,847,534.30        482,196,002.11        0.3090687  

Total Securities

       1,560,158,172.56        565,847,534.30        482,196,002.11        0.3090687  

Class A-1 Notes

     5.502000     150,000,000.00        0.00        0.00        0.0000000  

Class A-2a Notes

     5.110000     262,000,000.00        0.00        0.00        0.0000000  

Class A-2b Notes

     4.139800     262,000,000.00        0.00        0.00        0.0000000  

Class A-3 Notes

     4.910000     460,000,000.00        139,689,361.74        56,037,829.55        0.1218214  

Class A-4 Notes

     4.970000     75,120,000.00        75,120,000.00        75,120,000.00        1.0000000  

Certificates

     0.000000     351,038,172.56        351,038,172.56        351,038,172.56        1.0000000  
     Principal
Payment Due
    Interest Payment      Principal per $1000
Face Amount
     Interest per $1000
Face Amount
        

Class A-1 Notes

     0.00       0.00        0.0000000        0.0000000     

Class A-2a Notes

     0.00       0.00        0.0000000        0.0000000     

Class A-2b Notes

     0.00       0.00        0.0000000        0.0000000     

Class A-3 Notes

     83,651,532.19       571,562.31        181.8511569        1.2425268     

Class A-4 Notes

     0.00       311,122.00        0.0000000        4.1416667     

Certificates

     0.00       0.00        0.0000000        0.0000000     

Total Securities

     83,651,532.19       882,684.31           

 

I. COLLECTIONS

          

Lease Payments: ( Lease Series Assets)

          

Monthly Principal

             5,436,248.95  

Monthly Interest

             5,477,219.68  
          

 

 

 

Total Monthly Payments

             10,913,468.63  

Interest Rate Cap Payments

             0.00  

Advances:

          

Aggregate Monthly Payment Advances

             435,058.06  

Aggregate Sales Proceeds Advance

             36,542,312.59  
          

 

 

 

Total Advances

             36,977,370.65  

Vehicle Disposition Proceeds:

          

Repurchase Payments

             0.00  

Recoveries

             0.00  

Net Liquidation Proceeds (includes Reallocation Payments and Net Auction Proceeds)

 

          90,032,116.29  

Excess Wear and Tear and Excess Mileage

             468,565.61  

Remaining Payoffs

             0.00  

Net Insurance Proceeds

             701,340.01  

Residual Value Surplus

             7,155,684.30  
          

 

 

 

Total Collections

             146,248,545.49  
Vehicle Disposition Activity for the current month—Terminated and Sold
(included in Vehicle Disposition Proceeds)
    Reallocation
Payments
and Net Auction
Proceeds
    Net Insurance
Sales
    Lease Payoffs     Count  

Early Termination

       52,258,875.00           2,040  

Involuntary Repossession

       428,892.00           19  

Voluntary Repossession

       36,342.00           2  

Full Termination

       18,810,890.00           840  

Bankruptcty

       —            —   

Insurance Payoff

         687,875.56         32  

Customer Payoff

           1,697,797.01       63  

Grounding Dealer Payoff

           21,607,366.37       895  

Dealer Purchase

           79,243.63       3  
    

 

 

   

 

 

   

 

 

   

 

 

 

Total

       71,534,999.00       687,875.56       23,384,407.01       3,894  

II. COLLATERAL POOL BALANCE DATA

 

       
     Number     Book Amount     Discount
Rate
    Securitization
Value
       

Pool Balance - Beginning of Period

     24,039       700,416,725.53       7.00000     565,847,534.30    

Total Depreciation Received

       (6,619,372.99       (7,942,149.25  

Principal Amount of Gross Losses

     (64     (1,707,851.47       (1,383,567.93  

Repurchase / Reallocation

     0       0.00         0.00    

Early Terminations

     (1,415     (42,660,419.92       (33,172,052.86  

Scheduled Terminations

     (2,020     (51,521,085.81       (41,153,762.15  
  

 

 

   

 

 

     

 

 

   

Pool Balance - End of Period

     20,540       597,907,995.34         482,196,002.11    

Remaining Pool Balance

          

Lease Payment

           40,243,194.87    

Residual Value

           441,952,807.24    
        

 

 

   

Total

           482,196,002.11    

 

III. DISTRIBUTIONS

 

Total Collections

     146,248,545.49  

Reserve Amounts Available for Distribution

     0.00  
  

 

 

 

Total Available for Distribution

     146,248,545.49  

1. Amounts due Indenture Trustee as Compensation or Indemnity

     0.00  

2. Reimbursement of Payment Advance

     558,255.06  

3. Reimbursement of Sales Proceeds Advance

     46,586,727.07  

4. Servicing Fee:

  

Servicing Fee Due

     471,539.61  

Servicing Fee Paid

     471,539.61  

Servicing Fee Shortfall

     0.00  
  

 

 

 

Total Trustee, Advances and Servicing Fee Paid

     47,616,521.74  


Nissan Auto Lease Trust 2024-A

Servicer’s Report

 

5. Interest:

  

Class A-1 Notes Monthly Interest

  

Class A-1 Notes Interest Carryover Shortfall

     0.00  

Class A-1 Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-1 Notes Monthly Available Interest Distribution Amount

     0.00  

Class A-1 Notes Monthly Interest Paid

     0.00  

Chg in Class A-1 Notes Int. Carryover Shortfall

     0.00  

Class A-2a Notes Monthly Interest

  

Class A-2a Notes Interest Carryover Shortfall

     0.00  

Class A-2a Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-2a Notes Monthly Available Interest Distribution Amount

     0.00  

Class A-2a Notes Monthly Interest Paid

     0.00  

Chg in Class A-2a Notes Int. Carryover Shortfall

     0.00  

Class A-2b Notes Monthly Interest

  

Class A-2b Notes Interest Carryover Shortfall

     0.00  

Class A-2b Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-2b Notes Monthly Available Interest Distribution Amount

     0.00  

Class A-2b Notes Monthly Interest Paid

     0.00  

Chg in Class A-2b Notes Int. Carryover Shortfall

     0.00  

Class A-3 Notes Monthly Interest

  

Class A-3 Notes Interest Carryover Shortfall

     0.00  

Class A-3 Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-3 Notes Monthly Available Interest Distribution Amount

     571,562.31  

Class A-3 Notes Monthly Interest Paid

     571,562.31  

Chg in Class A-3 Notes Int. Carryover Shortfall

     0.00  

Class A-4 Monthly Interest

  

Class A-4 Notes Interest Carryover Shortfall

     0.00  

Class A-4 Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-4 Notes Monthly Available Interest Distribution Amount

     311,122.00  

Class A-4 Notes Monthly Interest Paid

     311,122.00  

Chg in Class A-4 Notes Int. Carryover Shortfall

     0.00  

Certificate Monthly Interest

  

Certificate Interest Carryover Shortfall

     0.00  

Certificate Interest on Interest Carryover Shortfall

     0.00  

Certificate Monthly Available Interest Distribution Amount

     0.00  

Certificate Monthly Interest Paid

     0.00  

Chg in Certificate Int. Carryover Shortfall

     0.00  

Total Note and Certificate Monthly Interest

  

Total Note and Certificate Monthly Interest Due

     882,684.31  

Total Note and Certificate Monthly Interest Paid

     882,684.31  

Total Note and Certificate Interest Carryover Shortfall

     0.00  

Chg in Total Note and Certificate Int. Carryover Shortfall

     0.00  

Total Available for Principal Distribution

     97,749,339.44  

6. Total Monthly Principal Paid on the Notes

  

Total Monthly Principal Paid on the Class A Notes

     83,651,532.19  

Total Class A Noteholders’ Principal Carryover Shortfall

     0.00  

Total Class A Noteholders’ Principal Distributable Amount

     83,651,532.19  

Chg in Total Class A Noteholders’ Principal Carryover Shortfall

     0.00  

7. Total Monthly Principal Paid on the Certificates

     0.00  

Total Certificateholders’ Principal Carryover Shortfall

     0.00  

Total Certificateholders’ Principal Distributable Amount

     0.00  

Chg in Total Certificateholders’ Principal Carryover Shortfall

     0.00  

Remaining Available Collections

     14,097,807.25  

 

IV. RESERVE ACCOUNT

  

Initial Reserve Account Amount

     6,240,632.69  

Required Reserve Account Amount

     7,800,790.86  

Beginning Reserve Account Balance

     7,800,790.86  

Additional Cash Infusion

     0.00  

Reinvestment Income for the Period

     0.00  

Reserve Fund Available for Distribution

     7,800,790.86  

Reserve Fund Draw Amount

     0.00  

Deposit of Remaining Available Collections

     14,097,807.25  

Gross Reserve Account Balance

     21,898,598.11  

Remaining Available Collections Released to Seller

     14,097,807.25  

Total Ending Reserve Account Balance

     7,800,790.86  


Nissan Auto Lease Trust 2024-A

Servicer’s Report

 

V. POOL STATISTICS       

Weighted Average Remaining Maturity

         3.74  

Monthly Prepayment Speed

         123

Lifetime Prepayment Speed

         58
           $     units  

Recoveries of Defaulted and Casualty Receivables

       1,284,201.26    

Securitization Value of Defaulted Receivables and Casualty Receivables

       1,383,567.93       64  

Aggregate Defaulted and Casualty Gain (Loss)

       (99,366.67  

Pool Balance at Beginning of Collection Period

       565,847,534.30    

Net Loss Ratio

      

Current Collection Period

       -0.0176  

Preceding Collection Period

       0.0395  

Second Preceding Collection Period

       0.0205  

Third Preceding Collection Period

       0.0006  

Cumulative Net Losses for all Periods

       0.3523     5,496,682.08  
     % of BOP Pool Balance     Amount     Number  

Delinquent Receivables:

      

31-60 Days Delinquent

     0.95     5,347,614.07       232  

61-90 Days Delinquent

     0.19     1,065,995.32       48  

91-120 Days Delinquent

     0.06     315,788.87       13  

More than 120 Days

     0.01     61,339.78       3  
    

 

 

   

 

 

 

Total Delinquent Receivables:

     1.20     6,790,738.04       296  
           Amount     Number  

61+ Days Delinquencies as Percentage of Receivables

      

Current Collection Period

       0.26     0.27

Preceding Collection Period

       0.33     0.33

Second Preceding Collection Period

       0.33     0.35

Third Preceding Collection Period

       0.38     0.41

60 Day Delinquent Receivables

       1,585,300.27    

Delinquency Percentage

       0.28  

Delinquency Trigger

       4.40  

Does the Delinquency Percentage exceed the Delinquency Trigger?

       No    
           $     units  

Aggregate Sales Performance of Auctioned Vehicles

      

Sales Proceeds

       71,069,765.00       2,880  

Securitization Value

       64,343,853.32       2,880  
    

 

 

   

Aggregate Residual Value Surplus (Loss)

       6,725,911.68    
           $     units  

Cumulative Sales Performance of Auctioned Vehicles

      

Cumulative Sales Proceeds

       381,136,934.18       16,428  

Cumulative Securitization Value

       365,579,857.23       16,428  
    

 

 

   

Cumulative Residual Value Surplus (Loss)

       15,557,076.95    
    

 

 

   
VI. RECONCILIATION OF ADVANCES       

Beginning Balance of Residual Advance

         56,395,699.06  

Reimbursement of Outstanding Advance

         46,586,727.07  

Additional Advances for current period

         36,542,312.59  
      

 

 

 

Ending Balance of Residual Advance

         46,351,284.58  
      

 

 

 

Beginning Balance of Payment Advance

         1,299,535.24  

Reimbursement of Outstanding Payment Advance

         558,255.06  

Additional Payment Advances for current period

         435,058.06  
      

 

 

 

Ending Balance of Payment Advance

         1,176,338.24  
      

 

 

 

 

VII. STATEMENTS TO NOTEHOLDERS         

1. Has there been any material change in practices with respect to charge-offs, collection and management of delinquent Leases, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience?

           NO  

2. Have there been any material modifications, extensions or waivers to Lease terms, fees, penalties or payments during the Collection Period?

           NO  

3. Have there been any material breaches of representations, warranties or covenants contained in the Leases?

           NO  

4. Has there been any new issuance of notes or other securities backed by the Series Assets Assets?

           NO  

5. Has there been any material additions, removals or substitutions of Series Assets Assets, or repurchases of Series Assets Assets?

           NO  

6. Has there been any material change in the underwriting, origination or acquisition of Leases?

           NO  

VIII. CREDIT RISK RETENTION

On the Closing Date, Nissan Auto Leasing LLC II, the depositor, an affiliate of Nissan Motor Acceptance Company LLC (“NMAC”), the sponsor, retained a sufficient portion of the Certificates to satisfy the obligations of NMAC under the requirements of (a) the SEC’s credit risk retention rules codified at 17 C.F.R. Part 246 (“Regulation RR”) and (b) the EU Risk Retention Requirements and the UK Risk Retention Requirements (each as defined in the preliminary prospectus for the Notes dated January 9, 2024 (the “Preliminary Prospectus”). The portion of Certificates being retained to satisfy the EU Risk Retention Requirements and the UK Risk Retention Requirements is referred to herein as the “Retained Interest”.

NMAC, as “originator” for the purposes of the EU Risk Retention Requirements and the UK Risk Retention Requirements, currently retains a material net economic interest that is not less than 5% in the securitization transaction described in the Preliminary Prospectus, in the form of retention of the first loss tranche in accordance with paragraph (d) of Article 6(3) of the EU Securitization Regulation and paragraph (d) of Article 6(3) of the UK Securitization Regulation (each as defined in the Preliminary Prospectus), in each case as in effect on the Closing Date, by holding all the membership interest in the depositor, which in turn holds Certificates representing at least 5% of the aggregate nominal value of the leases and related leased vehicles.

NMAC has not sold, hedged or otherwise mitigated its credit risk under or associated with the Retained Interest (and has not permitted the depositor or any of its other affiliates to sell, hedge or otherwise mitigate its credit risk under or associated with the Retained Interest) except to the extent permitted in accordance with the EU Risk Retention Requirements and the UK Risk Retention Requirements or Regulation RR.

NMAC has not changed the manner in which it retains the Retained Interest, except in accordance with the EU Risk Retention Requirements and the UK Risk Retention Requirements or Regulation RR.