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<assetData>
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    <!--General Comments - Exhibit 103

    Mercedes-Benz Auto Receivables Trust 2023-1

    Asset Related Document

    This asset related document provides narrative to explain the asset-level data ("ALD") reported in Exhibit 102 to the Form ABS-EE to which this asset related document is attached as an exhibit. You should read this asset related document and the prospectus for the securities issued by the Trust (the "Prospectus") completely to understand the ALD.

    For purposes of this asset related document, the term "receivable" means any Automobile loan as referred to in 17 CFR 229.1125 (Item 1125 of Regulation AB) Schedule AL - Asset-level information ("Schedule AL"). References to items in this asset related document and the asset related asset data file are references to specific ALD items listed in Schedule AL.

    Explanatory Narrative

    General Narrative

    If the data item is inapplicable to the type of assets in the securitized pool or to this securitization transaction, then it will be omitted for all related asset data files. It will not be tagged nor reported in blank or null in the asset data file. Please refer to the "Item-specific Narrative" section below for the data items that are "OMITTED".

    If a receivable has been paid in full or repurchased from the securitization transaction, it will no longer be reported in reporting periods after the final payment or repurchase is reported and it will be omitted from all subsequent asset data files.

    Certain data items, such as zero balance, repurchase demand, charged off amounts, amounts recovered, modifications and repossessed, are omitted if the receivable is not in the particular status in the reporting period. Please refer to the "Item-specific Narrative" section below for the data items that are omitted because of "STATUS".

    If the receivable has been charged off, certain data items will be omitted and no longer reported in subsequent reporting periods. Please refer to the "Item-specific Narrative" section below for the data items that are omitted because the receivable has been charged off ("C/O").

    Actual amounts received and applied on a receivable are reported in items 3(f)(18) Total actual amount paid, 3(f)(19) Actual interest collected, 3(f)(20) Actual principal collected and 3(f)(21) Actual other amounts collected (the "Actual Amounts Collected Data Items"). If no collections are applied on a receivable in the reporting period, 0.00 is reported.  No negative values will be reported for the Actual Amounts Collected Data Items. For the Actual Amounts Collected Data Items, any collections applied in the current reporting period are netted against any reversal, correction or adjustment of such collections in the current reporting period. If any reversal, correction or adjustment amount exceeds the actual amounts collected, the net amount reported is 0.00, and the negative value will be reported in item 3(f)(15) Other principal adjustments to the extent such reversal, correction or adjustment increases the outstanding principal balance of the receivable.


    Item-specific Narrative-->
    <originalLoanTerm />
    <!--Item 3(c)(4) Original loan term - Original loan term is calculated as the number of months from the Origination date, item 3(c)(2), through the Original loan maturity date, inclusive of both dates.  A partial calendar month (even a single day) is counted as one month. Original loan term may not equal the term of a receivable as described in the prospectus.-->
    <loanMaturityDate />
    <!--Item 3(c)(5) Loan maturity date - C/O. Loan maturity date is the current maturity date of the receivable after giving effect to payment and promotional extensions and due date changes that change the month in which the final payment on the receivable is scheduled to be made.-->
    <originalInterestOnlyTermNumber />
    <!--Item 3(c)(9) Original interest-only term - OMITTED.-->
    <underwritingIndicator />
    <!--Item 3(c)(11) Underwriting indicator - Underwriting indicator will be reported as "True" for all automobile loans that were originated under the level of underwriting represented by the underwriting criteria as described in the prospectus.-->
    <gracePeriodNumber />
    <!--Item 3(c)(12) Grace period - Grace period is the number of months from the Origination date, item 3(c) (2), to the Original first payment date, item 3(c)(10), regardless of date within the month, including the month of the Origination date and excluding the month of the Original first payment date. A partial calendar month (even a single day) is counted as one month. If Origination date and Original first payment are in the same month, then the Grace period is zero.-->
    <vehicleManufacturerName />
    <!--Item 3(d)(1) Vehicle manufacturer - Vehicle manufacturer is the same as the vehicle's "make" as described in the prospectus.-->
    <vehicleTypeCode />
    <!--Item 3(d)(5) Vehicle type - Vehicle type "3" (SUV) represents crossover and sport utility vehicles as described in the prospectus.-->
    <vehicleValueSourceCode />
    <!--Item 3(d)(7) Source of vehicle value - If Source of vehicle value type "98" (Other) is reported it means the source is the Manheim Market Report.-->
    <obligorIncomeVerificationLevelCode />
    <!--Item 3(e)(3) Obligor income verification level - Generally, income is not verified from independent sources. In some cases certain verification procedures may have been performed for particular applicant-provided information. The Obligor income verification level is reported as "2" (Stated, not verified) for such obligors and investors should assume that no income verification procedures have been performed.-->
    <obligorEmploymentVerificationCode />
    <!--Item 3(e)(4) Obligor employment verification - Generally, employment is not verified from independent sources. In some cases certain verification procedures may have been performed for particular applicant-provided information. The Obligor employment verification is reported as "2" (Stated, not verified) for such obligors and investors should assume that no employment verification procedures have been performed.-->
    <paymentToIncomePercentage />
    <!--Item 3(e)(6) Payment-to-income ratio - Payment-to-income ratio is calculated as the scheduled monthly payment as a percentage of the total monthly income of the obligor and any other co-obligor reported at the time of origination. If the obligor is a business, this data item will be calculated using the income of the guarantor. Payment-to-income ratio is 0.00 for a limited number of obligors where the obligor stated no income or negligible income on the credit application.-->
    <remainingTermToMaturityNumber />
    <!--Item 3(f)(2) Remaining term to maturity - C/O. Remaining term to maturity is the number of months from the Loan maturity date, item 3(c )(5), and the Reporting period ending date, item 3(b)(2), regardless of date within the month, including the Loan maturity date and excluding the reporting period ending date. A partial calendar month (even a single day) is counted as one month.-->
    <reportingPeriodModificationIndicator />
    <!--Item 3(f)(3) Modification indicator - reporting period - Modification indicator - reporting period will be "True" if there was a due date change, an extension or a change in the Original interest rate, item 3(c)(6), in the current reporting period.-->
    <servicingAdvanceMethodCode />
    <!--Item 3(f)(4) Servicing advance method - C/O.-->
    <reportingPeriodBeginningLoanBalanceAmount />
    <!--Item 3(f)(5) Reporting period beginning loan balance - C/O.-->
    <nextReportingPeriodPaymentAmountDue />
    <!--Item 3(f)(6) Next reporting period payment amount due - C/O. Next reporting period payment amount due is the total amount of interest and principal due in the next reporting period needed to bring the receivable current. This amount does not include fees that may be owed on the receivable, such as late charges, non-sufficient funds fees, or extension fees. If the Next reporting period payment amount due is reported as 0.00, no interest or principal is due in the next reporting period to bring the receivable current because the receivable is either paid ahead or was granted a payment extension.-->
    <reportingPeriodInterestRatePercentage />
    <!--Item 3(f)(7) Reporting period interest rate - C/O. Reporting period interest rate is the same as the contract rate, as described in the prospectus, on the receivable at the beginning of the reporting period.-->
    <nextInterestRatePercentage />
    <!--Item 3(f)(8) Next interest rate - C/O. Next interest rate is the same as the contract rate, as described in the prospectus, in effect at the end of the current reporting period.-->
    <servicingFeePercentage />
    <!--Item 3(f)(9) Servicing fee - percentage - C/O.-->
    <servicingFlatFeeAmount />
    <!--Item 3(f)(10) Servicing fee - flat fee - OMITTED.-->
    <otherServicerFeeRetainedByServicer />
    <!--Item 3(f)(11) Other loan-level servicing fees(s) retained by servicer - OMITTED.-->
    <otherAssessedUncollectedServicerFeeAmount />
    <!--Item 3(f)(12) Other Assessed but Uncollected Servicer Fees - Other assessed but uncollected servicer fees is the cumulative outstanding fee balance since the receivable's origination. Such fees include, but are not limited to, late charges and extension fees.-->
    <scheduledInterestAmount />
    <!--Item 3(f)(13) Scheduled interest amount - C/O. Scheduled interest amount is the calculated monthly interest amount due based on the receivable's initial amortization schedule, which assumes that the obligor pays the exact amount due on the exact due date per the terms on the receivable contract. This scheduled item is calculated at origination and is not affected by actual payment activity or loan modifications.-->
    <scheduledPrincipalAmount />
    <!--Item 3(f)(14) Scheduled principal amount - C/O. Scheduled principal amount is the calculated monthly principal amount due based on the receivable's initial amortization schedule, which assumes that the obligor pays the exact amount due on the exact due date per the terms on the receivable contract. This scheduled item is calculated at origination and is not affected by actual payment activity or loan modifications. Please note, if the receivable was originated with a partial or full payment waiver, the scheduled principal amount may display as a negative amount until the normal payment stream resumes.-->
    <otherPrincipalAdjustmentAmount />
    <!--Item 3(f)(15) Other principal adjustments - C/O. Other principal adjustments represents amounts that increase or decrease the principal balance of the loan. Examples of these types of adjustments could include, but are not limited to, loan prepayments and payment reversals. For this securitization transaction, however, loan prepayments are included in the actual amounts collected data items, Items 3(f)(19) - 3(f)(21), and shortfalls in the actual payment are reported in Next reporting period payment amount due, Item 3(f)(6). If a payment reversal or correction caused the Actual Principal Collected, Item 3(f)(20), to be negative at the end of the reporting period, the negative amount has been reclassified and reported in this data item. This data item should be reviewed collectively with Actual principal collected, Item 3(f)(20), if comparing total principal collection activity as reported on the monthly investor report for this securitization transaction.-->
    <reportingPeriodActualEndBalanceAmount />
    <!--Item 3(f)(16) Reporting period ending actual balance - C/O.-->
    <reportingPeriodScheduledPaymentAmount />
    <!--Item 3(f)(17) Reporting period scheduled payment amount - C/O. Reporting period scheduled payment amount is the monthly payment amount due from the obligor per the obligor's retail installment contract. This scheduled item is calculated at origination and is not affected by actual payment activity or loan modifications. This item will equal the summation of Scheduled interest amount and Scheduled principal amount, items 3(f)(13) and 3(f)(14).-->
    <totalActualAmountPaid />
    <!--Item 3(f)(18) Total actual amount paid - Total actual amount paid is the amount paid by the obligor during the reporting period. This item is the summation of Items 3(f)(19), Actual interest collected, Item 3(f)(20), Actual principal collected, and Item 3(f)(21), Actual other amounts collected.-->
    <actualInterestCollectedAmount />
    <!--Item 3(f)(19) Actual interest collected - Actual interest collected is the amount paid by the obligor and, if applicable, the accrued interest portion of an account if there was an administrative/voluntary repurchase of an account during the reporting period. Please note that if, during the course of the reporting period, there were any payment reversals that resulted in a negative Actual interest collected for the reporting period, the negative Actual interest collected was floored at zero.-->
    <actualPrincipalCollectedAmount />
    <!--Item 3(f)(20) Actual principal  collected - Actual principal collected is the amount paid by the obligor and, if applicable, the remaining principal balance of an account if there was an administrative/voluntary repurchase of an account during the reporting period. Please note that if, during the course of the reporting period, there were any payment reversals or adjustments to principal that resulted in a negative Actual principal collected for the reporting period, the negative amount will be reported in Item 3(f)(15), Other principal adjustments. See Item 3(f)(15) for further discussion.-->
    <actualOtherCollectedAmount />
    <!--Item 3(f)(21) Actual other amounts collected - Actual other amounts collected is the amount of other amounts collected from the obligor during the reporting period, including fees, even after a receivable has been charged off. Examples of fees that have been collected include, but are not limited to, late charges, extension fees and non-sufficient fund fees. Please note that if, during the course of the reporting period, there were any payment reversals that resulted in a negative Actual other amounts collected for the reporting period, the negative Actual other amounts collected was floored at zero.-->
    <servicerAdvancedAmount />
    <!--Item 3(f)(22) Servicer advanced amount - C/O.-->
    <interestPaidThroughDate />
    <!--Item 3(f)(23) Interest paid through date - Interest paid through date is the date on which the obligor's last payment was applied, and may not be the date on which interest is paid through if that payment was insufficient to pay all interest due on the receivable.-->
    <zeroBalanceEffectiveDate />
    <!--Item 3(f)(24)(i) Zero balance effective date - STATUS.-->
    <zeroBalanceCode />
    <!--Item 3(f)(24)(ii) Zero balance code - STATUS.-->
    <currentDelinquencyStatus />
    <!--Item 3(f)(25) Current delinquency status - C/O. Current delinquency status is reported as the number of days elapsed from the date a payment is due under the related contract.  A payment is considered to be delinquent when the obligor fails to remit at least 90% of a scheduled payment within one day after the related due date.-->
    <mostRecentServicingTransferReceivedDate />
    <!--Item 3(g)(2) Most recent servicing transfer received date - OMITTED.-->
    <assetSubjectDemandIndicator />
    <!--Item 3(h) Asset subject to demand - Asset subject to demand represents third party repurchase requests due to a breach of representations and warranties.-->
    <assetSubjectDemandStatusCode />
    <!--Item 3(h)(1) Status of asset subject to demand - STATUS. Status of asset subject to demand will only be reported when Item 3(h), Asset subject to demand, has been reported "True".-->
    <repurchaseAmount />
    <!--Item 3(h)(2) Repurchase amount - STATUS. Repurchase amount will only be reported when Item 3(h), Asset subject to demand, has been reported "True" and Item 3(h)(1), Status of asset subject to demand, has been reported "1" (Asset has been repurchased or replaced).-->
    <demandResolutionDate />
    <!--Item 3(h)(3) Demand resolution date - STATUS. Demand resolution date will only be reported when Item 3(h), Asset subject to demand, has been reported "True" and Item 3(h)(1), Status of asset subject to demand, has been reported "1" (Asset has been repurchased or replaced).  Otherwise, this data item will be omitted.-->
    <repurchaserName />
    <!--Item 3(h)(4) Repurchaser - STATUS. Repurchaser will only be reported when Item 3(h), Asset subject to demand, has been reported "True" and Item 3(h)(1), Status of asset subject to demand, has been reported "1" (Asset has been repurchased or replaced). Otherwise, this data item will be omitted.-->
    <repurchaseReplacementReasonCode />
    <!--Item 3(h)(5) Repurchase or replacement reason - STATUS. Repurchase or replacement reason will only be reported when Item 3(h), Asset subject to demand, has been reported "True" and Item 3(h)(1), Status of asset subject to demand, has been reported "1" (Asset has been repurchased or replaced).  Otherwise, this data item will be omitted.-->
    <chargedoffPrincipalAmount />
    <!--Item 3(i)(1) Charged-off principal amount - STATUS.-->
    <recoveredAmount />
    <!--Item 3(i)(2) Amounts recovered - STATUS.-->
    <modificationTypeCode />
    <!--Item 3(j)(1) Modification type - STATUS. Modification type includes modifications that impact the original terms of the receivable and exclude such changes as obligor contact information and billing address. If Modification type "1" (APR) is reported it means that the receivable was refinanced and the obligor's contract was rewritten, resulting in an administrative repurchase. If Modification type "4" (Extension) is reported it means that the obligor was granted a payment or promotional extension for which the number of payments on the receivable is unchanged but the term is extended. If Modification type "98" (Other) is reported it means that the obligor's monthly due date has been changed.-->
    <paymentExtendedNumber />
    <!--Item 3(j)(2) Payment extension - STATUS. Payment extension represents the number of months the receivable was extended during the reporting period. This data item will only be reported if it is applicable in the current reporting period and Item 3(j)(1), Modification type, is "4".-->
    <repossessedIndicator />
    <!--Item 3(k) Repossessed - Repossessed is reported as "True" for the reporting period in which a vehicle is repossessed and for all subsequent reporting periods.-->
    <repossessedProceedsAmount />
    <!--Item 3(k)(1) Repossession proceeds - STATUS. Repossessed proceeds includes any collections received during the reporting period if the vehicle has been repossessed, including vehicle sale proceeds and any payments of principal and interest collected in the month of repossession.-->
  </assets>
</assetData>
