BMW Vehicle Lease Trust 2015-1

Collection Period Ending:	4/30/17
Previous Payment Date:	4/20/17
Current Payment Date:	5/22/17

Accrued Interest Days (30/360): 30

Accrued Interest Days (act/360): 32

Balances

	Initial		Beginning of Period		End of Period
Aggregate Securitization Value	$	1,203,373,850.09	$	345,187,597.35	$	289,079,053.54
Aggregate Discounted ALG Residual Value	$	732,981,152.95	$	323,825,592.92	$	273,947,465.52
Reserve Fund	$	3,008,434.63	$	3,008,434.63	$	3,008,434.63

Notes
Class A-1 Notes	$	164,000,000.00		-		-
Class A-2a Notes	$	200,000,000.00		-		-
Class A-2b Notes	$	200,000,000.00		-		-
Class A-3 Notes	$	357,000,000.00	$	46,924,260.42		-
Class A-4 Notes	$	79,000,000.00	$	79,000,000.00	$	69,463,325.90
	$	1,000,000,000.00	$	125,924,260.42	$	69,463,325.90

Overcollateralization	$	203,373,850.09			$	219,615,727.64

Current Collection Period

Beginning Securitization Value	$	345,187,597.35
Principal Reduction Amount		56,108,543.81
Ending Securitization Value	$	289,079,053.54

First Priority Principal
Aggregate Outstanding Note Balance (Beginning of Period)	$	125,924,260.42
Aggregate Securitization Value (End of Period)	$	289,079,053.54
First Priority Principal Distribution Amount		-

Target Note Balance	$	69,463,325.90
Target Overcollateralization Amount	$	219,615,727.64
Target Overcollateralization Percentage		18.25	%


Determination of Available Funds
Collections

Monthly Payments (net of Daily Advance Reimbursements)*	$	6,269,349.30
Reallocation Payment		27,979.57
Sale Proceeds		13,334,753.51
Termination Proceeds		37,223,716.66
Recovery Proceeds		22,459.54
Total Collections	$	56,878,258.58

Advances
Monthly Payment Advance	$	528,241.94
Sales Proceeds Advance		-
Total Advances	$	528,241.94
Optional Purchase Price		0.00
Net Investment Earnings on SUBI Collection Account		-
Total Available Funds	$	57,406,500.52

Collection Account

Total Available Funds	$	57,406,500.52
Withdrawals from SUBI Collection Account
Payment Date Advance Reimbursement		515,122.51
Servicing Fees		287,656.33
Note Distribution Account (Interest Due)		136,705.07
Note Distribution Account (First Priority Principal Distribution Amount)		-
Reserve Fund Deposit		-
Note Distribution Account (Regular Principal Distribution Amount)		56,460,934.52
Trustee Fees and Expenses not paid by Servicer		-
Certificate Distribution Account (any remaining payments)		6,082.09
Total Distributions from SUBI Collection Account	$	57,406,500.52

Servicer Advance Amounts

Beginning Period Unreimbursed Servicer Advance	$	786,840.39
Current Period Monthly Payment Advance		528,241.94
Current Period Sales Proceeds Advance		-
Current Reimbursement of Previous Servicer Advance		515,122.51
Ending Period Unreimbursed Previous Servicer Advances	$	799,959.82

Note Distribution Account

Amount Deposited from the Collection Account	$	56,597,639.59
Amount Deposited from the Reserve Fund		-
Amount Paid to Noteholders	$	56,597,639.59

Distributions

Priority Principal
Aggregate Outstanding Note Principal	$	125,924,260.42

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		-		-			-		-		-		-
Class A-2b Notes		-		-			-		-		-		-
Class A-3 Notes		-	$	46,924,260.42		$	46,924,260.42		-		131		-
Class A-4 Notes		-	$	9,536,674.10		$	9,536,674.10	$	69,463,325.90		121		0.88
		-	$	56,460,934.52		$	56,460,934.52	$	69,463,325.90


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

Class A-1 Notes				0.23000	%		-		0.00
Class A-2a Notes				0.86000	%		-		0.00
Class A-2b Notes				0.00000	%		-		0.00
Class A-3 Notes				1.24000	%	$	48,488.40		0.14
Class A-4 Notes				1.34000	%	$	88,216.67		1.12
						$	136,705.07

Carryover Shortfalls

Prior Period Carryover

Current Payment

Current Period Carryover

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	$	3,008,434.63
Beginning Period Amount		3,008,434.63
Current Period Deposit		-
Net Investment Earnings		944.68
Reserve Fund Draw Amount		-
Release to Certificateholder		944.68
Ending Period Required Amount		3,008,434.63
Ending Period Amount	$	3,008,434.63

Pool Characteristics

	Initial		End of Period
Number of Specified Leases		31,256		9,168
Weighted Average Remaining Term		26.00		3.50
Weighted Average Original Term		35.00		35.92
Weighted Average Seasoning		9.00		32.43

	Units		Securitization Value
Early Terminations		116	$	3,025,431.98
Scheduled Terminations		1,731	$	46,936,436.95

Residual Value Losses for the Current Period	Beginning		Current Period			Cumulative
Sales and Termination Proceeds	$	488,336,891.74	$	49,593,816.11		$	537,930,707.85
ALG Residual Values		475,507,191.32		51,625,692.99			527,132,884.31
Residual Value Loss / (Gain)			$	2,031,876.88		$	(10,797,823.54	)

Cumulative Residual Value Loss / (Gain) as of the end of the prior period						$	(12,829,700.42	)
Cumulative Residual Value Loss / (Gain) as of the end of the 2nd preceding period						$	(15,185,637.40	)
Cumulative Residual Value Loss / (Gain) as of the end of the 3rd preceding period						$	(16,780,179.23	)

Delinquencies as of the end of the current period	Units		Securitization Value			Percentage
31-60 Days Delinquent		45		1,203,175.09			0.42	%
61-90 Days Delinquent		13		365,519.66			0.13	%
91-120 Days Delinquent		1		26,321.99			0.01	%
121 - 150 Days Delinquent		0		0.00			0.00	%
151 Days or More Delinquent		1		22,550.16			0.01	%

Total 30+ Days Past Due as of the end of the current period		60	$	1,617,566.90			0.56	%

Delinquencies as of the end of prior periods
Total 30+ Days Past Due as of the end of the prior period							0.46	%
Total 30+ Days Past Due as of the end of the 2nd preceding period							0.38	%
Total 30+ Days Past Due as of the end of the 3rd preceding period							0.45	%

Credit Losses as of the end of the current period		Units		Dollar Amount
Gross Credit Losses		3		10,375.68
Recoveries		3		17,573.29
Net Credit Losses				-7,197.61
Cumulative Net Credit Losses		163	$	902,464.71
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.28	%
Charge Off Rate ***				0.07	%
Average of Net Credit Losses ****			$	5,536.59

Historical Loss Information
Credit Losses as of the end of the prior period	Units		Dollar Amount
Gross Credit Losses		4		29,075.66
Recoveries		6		11,333.26
Net Credit Losses				17,742.40
Cumulative Net Credit Losses		160	$	909,662.32
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.24	%
Charge Off Rate ***				0.08	%
Average of Net Credit Losses ****				5,685.39

Credit Losses as of the end of the 2nd preceding period		Units		Dollar Amount
Gross Credit Losses		6		28,110.14
Recoveries		5		1,916.46
Net Credit Losses				26,193.68
Cumulative Net Credit Losses		156	$	891,919.92
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.20	%
Charge Off Rate ***				0.07	%
Average of Net Credit Losses ****				5,717.44

Credit Losses as of the end of the 3rd preceding period		Units		Dollar Amount
Gross Credit Losses		9		98,709.76
Recoveries		3		7,443.58
Net Credit Losses				91,266.18
Cumulative Net Credit Losses		150	$	865,726.24
Ratio of Cumulative Net Credit Losses to Aggregate Securitization Value **				0.18	%
Charge Off Rate ***				0.07	%
Average of Net Credit Losses ****				5,771.51

* 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.

BMW Vehicle Lease Trust 2015-1 10-D