BMW Vehicle Lease Trust 2010-1

Collection Period Ending: 4/30/12

Previous Payment Date: 4/16/12

Current Payment Date: 5/15/12

Accrued Interest Days (30/360): 30

Accrued Interest Days (act/360): 29

Balances

	Initial		Beginning of Period		End of Period
Aggregate Securitization Value	$	1,238,428,250.97	$	558,564,478.74	$	510,025,802.11
Aggregate Discounted ALG Residual Value	$	767,767,714.72	$	479,626,500.03	$	443,213,506.11
Reserve Fund	$	6,192,141.25	$	6,192,141.25	$	6,192,141.25

Notes
Class A-1 Notes	$	220,000,000.00		-		-
Class A-2 Notes	$	350,000,000.00		-		-
Class A-3 Notes	$	363,000,000.00	$	216,014,192.90	$	167,475,516.27
Class A-4 Notes	$	67,000,000.00	$	67,000,000.00	$	67,000,000.00
	$	1,000,000,000.00	$	283,014,192.90	$	234,475,516.27

Overcollateralization	$	238,428,250.97			$	275,550,285.84

Current Collection Period

Beginning Securitization Value	$	558,564,478.74
Principal Reduction Amount		48,538,676.63
Ending Securitization Value	$	510,025,802.11

First Priority Principal
Aggregate Outstanding Note Balance (Beginning of Period)	$	283,014,192.90
Aggregate Securitization Value (End of Period)	$	510,025,802.11
First Priority Principal Distribution Amount		-

Target Note Balance	$	234,475,516.27

Target Overcollateralization Amount	$	275,550,285.84
Target Overcollateralization Percentage		22.25	%


Determination of Available Funds
Collections

Monthly Payments (net of Daily Advance Reimbursements)*	$	11,487,471.54
Reallocation Payment		24,220.76
Sale Proceeds		7,899,465.74
Termination Proceeds		38,645,997.69
Recovery Proceeds		878,919.11

Total Collections	$	58,936,074.84

Advances
Monthly Payment Advance	$	1,170,841.78
Sales Proceeds Advance		-
Total Advances	$	1,170,841.78
Optional Purchase Price		0.00
Net Investment Earnings on SUBI Collection Account		-
Total Available Funds	$	60,106,916.62

Collection Account

Total Available Funds	$	60,106,916.62
Withdrawals from SUBI Collection Account
Payment Date Advance Reimbursement		1,065,041.72
Servicing Fees		465,470.40
Note Distribution Account (Interest Due)		201,209.70
Note Distribution Account (First Priority Principal Distribution Amount)		-
Reserve Fund Deposit		-
Note Distribution Account (Regular Principal Distribution Amount)		48,538,676.63
Trustee Fees and Expenses not paid by Servicer		-
Certificate Distribution Account (any remaining payments)		9,836,518.17
Total Distributions from SUBI Collection Account	$	60,106,916.62

Servicer Advance Amounts

Beginning Period Unreimbursed Servicer Advance	$	1,265,223.25
Current Period Monthly Payment Advance		1,170,841.78
Current Period Sales Proceeds Advance		-
Current Reimbursement of Previous Servicer Advance		1,065,041.72
Ending Period Unreimbursed Previous Servicer Advances	$	1,371,023.31

Note Distribution Account

Amount Deposited from the Collection Account	$	48,739,886.33
Amount Deposited from the Reserve Fund		-
Amount Paid to Noteholders	$	48,739,886.33

Distributions

Priority Principal
Aggregate Outstanding Note Principal	$	283,014,192.90

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

Class A-1 Notes		-			-		-		-		-		-

Class A-2 Notes		-			-		-		-		-		-
Class A-3 Notes		-		$	48,538,676.63	$	48,538,676.63	$	167,475,516.27		134		0.46
Class A-4 Notes		-			-		-	$	67,000,000.00		-		1.00
		-		$	48,538,676.63	$	48,538,676.63	$	234,475,516.27


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

Class A-1 Notes		0.29813	%		-		0.00
Class A-2 Notes		0.58000	%		-		0.00
Class A-3 Notes		0.82000	%	$	147,609.70		0.41
Class A-4 Notes		0.96000	%	$	53,600.00		0.80
				$	201,209.70

Carryover Shortfalls

Prior Period Carryover

Current Payment

Current Period Carryover

Class A-1 Interest Carryover Shortfall

Class A-2 Interest Carryover Shortfall

Class A-3 Interest Carryover Shortfall

Class A-4 Interest Carryover Shortfall

Reserve Fund

Beginning Period Required Amount	$	6,192,141.25
Beginning Period Amount		6,192,141.25
Current Period Deposit		-
Net Investment Earnings		923.99
Reserve Fund Draw Amount		-
Release to Certificateholder		923.99
Ending Period Required Amount		6,192,141.25
Ending Period Amount	$	6,192,141.25

Pool Characteristics

	Initial			End of Period
Number of Specified Leases		34,742			17,411
Weighted Average Remaining Term		23.80			7.30
Weighted Average Original Term		35.52			35.95
Weighted Average Seasoning		11.72			28.65

	Units			Securitization Value

Early Terminations		113		$	3,403,868.42
Scheduled Terminations		1,356		$	33,723,179.19

	Beginning			Current Period			Cumulative			Cumulative Percent
Credit Losses	$	534,253.09			31,139.24		$	565,392.33			0.05	%

Residual Value Losses	Beginning			Current Period			Cumulative
Sales and Termination Proceeds	$	435,951,190.55		$	46,931,511.50		$	482,882,702.05
ALG Residual Values		363,008,189.51			39,717,133.27			402,725,322.78
Residual Value Loss / (Gain)	$	(72,943,001.04	)	$	(7,214,378.23	)	$	(80,157,379.27	)

Delinquencies	Units			Securitization Value			Percentage
31-60 Days Delinquent		62		$	1,753,476.23			0.34	%
61-90 Days Delinquent		23			628,002.27			0.12	%
91-120 Days Delinquent		4			109,883.75			0.02	%
121 - 150 Days Delinquent		2			50,135.23			0.01	%
151 Days or More Delinquent		1			23,167.62			0.00	%

Total 30+ Day Delinquent		92		$	2,564,665.11			0.50	%

* Includes Pull Ahead amounts

BMW Vehicle Lease Trust 2010-1 10-D