UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) ~~of the~~

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) ~~October~~March 2225, ~~2014~~2015

Ally Auto Receivables Trust ~~2014~~2015-~~SN2~~SN1

(Issuing Entity with respect to Securities)

Ally Central Originating Lease Trust

(Registrant and Issuer with respect to Secured Notes)

Ally Auto Assets LLC

(Registrant and Depositor with respect to Securities)

Ally Bank

(Sponsor with respect to Securities)

Delaware		333-181915-0506		~~Applied for~~36-7659714
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

c/o Ally Auto Assets LLC

200 Renaissance Center

Detroit, Michigan

48265

(Address of principal executive offices)

(Zip Code)

Registrant’s Telephone Number, including area code: (313) 656-5500

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 and 8.01. Entry into a Material Definitive Agreement and Other Events

Ally Auto Assets LLC (“Ally Auto”) has registered an issuance of $10,000,000,000 in principal amount of asset backed notes on Form S-3 (Registration File Nos. 333-181915; 333-181915-01) under the Securities Act of 1933, as amended (the “Act”), filed on June 5, 2012, as amended by Pre-Effective Amendment No. 1 on August 21, 2012 (as amended, the “Registration Statement”).

~~Pursuant~~On toMarch 25, ~~the Registration Statement~~2015, Ally Auto and Ally Bank entered ~~Receivables~~into ~~Trust~~an ~~2014-SN2~~Underwriting ~~(the~~Agreement ~~“Issuing~~with ~~Entity”)~~Citigroup ~~issued~~Global ~~$240~~Markets Inc.,~~000~~ Deutsche Bank Securities Inc. and SG Americas Securities,~~000~~ ~~aggregate~~LLC, ~~principal~~as ~~balance~~representatives of ~~Class A-1~~the ~~0.25000%~~several ~~Asset~~underwriters ~~Backed~~named ~~Notes~~therein (collectively, the “~~Class~~Underwriters”), Afor the issuance and sale of certain asset backed notes of Ally Auto Receivables Trust 2015-1SN1 ~~Notes~~(the “Issuing Entity”), ~~$109,000,000~~in ~~aggregate~~the ~~principal~~following ~~balance~~classes: of (i) the Class A-2a ~~0.71%~~ Asset Backed Notes (the “Class A-2a Notes”), and ~~$391,000,000~~the ~~aggregate principal balance of~~ Class A-2b ~~Floating Rate~~ Asset Backed Notes (the “Class A-2b Notes” and, together with the Class A-2a Notes, the “Class A-2 Notes”), ~~$275,000,000~~(ii) the ~~aggregate principal balance of~~ Class A-3 ~~1.03%~~ Asset Backed Notes (the “Class A-3 Notes”), ~~and~~(iii) the ~~$91,900,000 aggregate principal balance of~~ Class A-4 ~~1.21%~~ Asset Backed Notes (the “Class A-4 Notes” and collectively with the Class A-~~1 Notes, the Class A-~~2 Notes and the Class A-3 Notes, the “Offered Notes”) ~~on October 22, 2014 (the “Closing Date”)~~. The ~~Issuing~~Offered ~~Entity~~Notes ~~also~~have ~~issued $74,460,000~~ an aggregate principal balance of ~~Class~~$804,600,000. BThe Class A-1~~.49%~~ ~~Asset Backed~~ Notes, (the “Class B Notes~~”),~~ ~~$44,000,000~~and ~~aggregate principal balance of Class C 1.83% Asset Backed Notes (~~the “Class C Notes” ~~and~~ (together with the Offered Notes, the Class A-1 Notes and the Class B Notes, the “Notes”) ~~and~~will ~~Asset~~be ~~Backed~~issued ~~Certificates~~by (the Issuing ~~“Certificates”) on the Closing Date~~Entity. Only the Offered Notes ~~were~~have been registered pursuant to the Act under the Registration Statement. ~~and~~The ~~offered~~Class A-1 ~~publicly~~Notes, ~~for~~the ~~sale. The~~ Class B Notes, the Class C Notes and the Certificates ~~were~~will initially be retained by the Depositor. It is expected that the Notes will be issued on or about March 31, 2015 (the “Closing Date”).

This Current Report on Form 8-K is being filed to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Offered Notes, the forms of which were filed as Exhibits to the Registration Statement.

The Notes ~~were~~will be issued pursuant to an AART Indenture attached hereto as Exhibit 4.2, to be dated as of the Closing Date, between the Issuing Entity and Citibank, N.A., as AART Indenture Trustee.

The Notes evidence indebtedness of the Issuing Entity, the assets of which will consist primarily of a series of non-recourse secured notes (the “Secured Notes”), which ~~were~~will be issued by Ally Central Originating Lease Trust (“ACOLT”) on the Closing Date. The Secured Notes have a security interest in a pool of new automobile and light duty truck leases and the related leased vehicles (the “Lease Assets”).

AsOn of the Closing Date, the Lease Assets and the Secured Notes ~~had~~will have the characteristics described in the Prospectus Supplement, dated as of ~~October~~ March 1625, ~~2014~~2015, and to be filed with the Commission pursuant to Rule 424(b)(5) of the Act on ~~October~~or before March 2027, ~~2014~~2015.

Legal opinions of Kirkland & Ellis LLP are attached as Exhibit 5.1 and Exhibit 8.1.

Item 9.01.

Exhibits

Exhibit 1.1		Underwriting Agreement, dated as of March 25, 2015, by and among Ally Bank, Ally Auto Assets LLC and Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SG Americas Securities, LLC, as representatives of the underwriters named therein.
Exhibit 3.2		Declaration of Trust, dated as of April 7, 2010, by Deutsche Bank Trust Company Delaware and acknowledged, accepted and agreed to by Ally Central Originating Lease LLC (incorporated by reference from Exhibit 3.2 filed on Form S-3 of Ally Auto Auto Assets LLC and Ally Central Originating Lease Trust, file numbers 333-181915 and 333-181915-01, filed on June 5, 2012).
Exhibit 3.3		ACOLT ~~2014~~2015-~~SN2~~SN1 Supplement to Declaration of Trust, to be dated as of ~~October~~March 2231, ~~2014~~2015, between Deutsche Bank Trust Company Delaware, as ACOLT owner trustee, and Ally Central Originating Lease LLC, as residual certificateholder.
Exhibit 4.1		Trust Agreement between Ally Auto Assets LLC, as depositor, and Deutsche Bank Trust Company Delaware, as AART owner trustee, to be dated as of ~~October~~March 2231, ~~2014~~2015.
Exhibit 4.2		AART Indenture between Ally Auto Receivables Trust ~~2014~~2015-~~SN2~~SN1 and Citibank, N.A., as AART indenture trustee, to be dated as of ~~October~~March 2231, ~~2014~~2015.
Exhibit 4.3		ACOLT Indenture between Ally Central Originating Lease Trust and Citibank, N.A., as ACOLT indenture trustee, to be dated as of ~~October~~March 2231, ~~2014~~2015.
Exhibit 99.1		Transfer Direction re Beneficial Interest in Applicable Trust Estate and Notice of Allocation of Lease Assets to Series 2014-SN2, dated as of October 17, 2014.
Exhibit 5.1		Opinion of Counsel of Kirkland & Ellis LLP, dated as of March 27, 2015.
Exhibit 99.2		VAULT Pledge and Security Agreement, dated as of October 22, 2014, by Vehicle Asset Universal Leasing Trust and made in favor of the Secured Noteholders.
Exhibit 8.1		Opinion of Counsel of Kirkland & Ellis LLP, dated as of March 27, 2015.
Exhibit 99.3		ACOLT 2014-SN2 Sale and Contribution Agreement, dated as of October 22, 2014, between Ally Central Originating Lease Trust and Ally Bank, as seller.
Exhibit 99.1		Transfer Direction re Beneficial Interest in Applicable Trust Estate and Notice of Allocation of Lease Assets to Series 2015-SN1, dated as of March 26, 2015.
Exhibit 99.4		ACOLT 2014-SN2 Servicing Agreement, dated as of October 22, 2014, between Ally Central Originating Lease Trust and Ally Financial Inc., as servicer and custodian.
Exhibit 99.2		VAULT Pledge and Security Agreement, to be dated as of March 31, 2015, by Vehicle Asset Universal Leasing Trust and made in favor of the Secured Noteholders.
Exhibit 99.5		Pull Ahead Funding Agreement, dated as of October 22, 2014, among Ally Financial Inc., as pull ahead agent, Ally Central Originating Lease Trust and Citibank, N.A., as ACOLT indenture trustee.
Exhibit 99.3		ACOLT 2015-SN1 Sale and Contribution Agreement, to be dated as of March 31, 2015, between Ally Central Originating Lease Trust and Ally Bank, as seller.
Exhibit 99.6		Pooling Agreement, dated as of October 22, 2014, between Ally Bank and Ally Auto Assets LLC.
Exhibit 99.4		ACOLT 2015-SN1 Servicing Agreement, to be dated as of March 31, 2015, between Ally Central Originating Lease Trust and Ally Financial Inc., as servicer and custodian.
Exhibit 99.7		Trust Sale Agreement, dated as of October 22, 2014, between Ally Auto Assets LLC and Ally Auto Receivables Trust 2014-SN2.
Exhibit 99.5		Pull Ahead Funding Agreement, to be dated as of March 31, 2015, among Ally Financial Inc., as pull ahead agent, Ally Central Originating Lease Trust and Citibank, N.A., as ACOLT indenture trustee.
Exhibit 99.8		Administration Agreement, dated as of October 22, 2014, among Ally Financial Inc., as administrator, Ally Auto Assets LLC and Ally Auto Receivables Trust 2014-SN2.



Exhibit 99.6		Pooling Agreement, to be dated as of March 31, 2015, between Ally Bank and Ally Auto Assets LLC.

Exhibit 99.7		Trust Sale Agreement, to be dated as of March 31, 2015, between Ally Auto Assets LLC and Ally Auto Receivables Trust 2015-SN1.

Exhibit 99.8		Administration Agreement, to be dated as of March 31, 2015, among Ally Financial Inc., as administrator, Ally Auto Assets LLC and Ally Auto Receivables Trust 2015-SN1.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ALLY AUTO ASSETS LLC By: /s/ M. T. St. Charles Name: M. T. St. Charles Title: Vice President


	ALLY AUTO ASSETS LLC

	By:	/s/ M. T. St. Charles
	Name:	M. T. St. Charles
	Title:	Vice President

Dated: March 27, 2015

	ALLY CENTRAL ORIGINATING LEASE TRUST

	By:	ALLY CENTRAL ORIGINATING LEASE LLC, on behalf of Ally Central Originating Lease Trust

	By:	/s/ C. L. Lowman
	Name:	C. L. Lowman
	Title:	Vice President

Dated: March 27, 2015

Dated: October 22, 2014

ALLY CENTRAL ORIGINATING LEASE TRUST By: ALLY CENTRAL ORIGINATING LEASE LLC, on behalf of Ally Central Originating Lease Trust By: /s/ C. T. Salter Name: C. T. Salter Title: Vice President

Dated: October 22, 2014

EXHIBIT INDEX

Exhibit No.		Description
Exhibit 1.1		Underwriting Agreement, dated as of March 25, 2015, by and among Ally Bank, Ally Auto Assets LLC and Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SG Americas Securities, LLC, as representatives of the underwriters named therein.
Exhibit 3.2		Declaration of Trust, dated as of April 7, 2010, by Deutsche Bank Trust Company Delaware and acknowledged, accepted and agreed to by Ally Central Originating Lease LLC (incorporated by reference from Exhibit 3.2 filed on Form S-3 of Ally Auto Auto Assets LLC and Ally Central Originating Lease Trust, file numbers 333-181915 and 333-181915-01, filed on June 5, 2012).
Exhibit 3.3		ACOLT ~~2014~~2015-~~SN2~~SN1 Supplement to Declaration of Trust, to be dated as of ~~October~~March 2231, ~~2014~~2015, between Deutsche Bank Trust Company Delaware, as ACOLT owner trustee, and Ally Central Originating Lease LLC, as residual certificateholder.
Exhibit 4.1		Trust Agreement between Ally Auto Assets LLC, as depositor, and Deutsche Bank Trust Company Delaware, as AART owner trustee, to be dated as of ~~October~~March 2231, ~~2014~~2015.
Exhibit 4.2		AART Indenture between Ally Auto Receivables Trust ~~2014~~2015-~~SN2~~SN1 and Citibank, N.A., as AART indenture trustee, to be dated as of ~~October~~March 2231, ~~2014~~2015.
Exhibit 4.3		ACOLT Indenture between Ally Central Originating Lease Trust and Citibank, N.A., as ACOLT indenture trustee, to be dated as of ~~October~~March 2231, ~~2014~~2015.
Exhibit 99.1		Transfer Direction re Beneficial Interest in Applicable Trust Estate and Notice of Allocation of Lease Assets to Series 2014-SN2, dated as of October 17, 2014.
Exhibit 5.1		Opinion of Counsel of Kirkland & Ellis LLP, dated as of March 27, 2015.
Exhibit 99.2		VAULT Pledge and Security Agreement, dated as of October 22, 2014, by Vehicle Asset Universal Leasing Trust and made in favor of the Secured Noteholders.
Exhibit 8.1		Opinion of Counsel of Kirkland & Ellis LLP, dated as of March 27, 2015.
Exhibit 99.3		ACOLT 2014-SN2 Sale and Contribution Agreement, dated as of October 22, 2014, between Ally Central Originating Lease Trust and Ally Bank, as seller.
Exhibit 99.1		Transfer Direction re Beneficial Interest in Applicable Trust Estate and Notice of Allocation of Lease Assets to Series 2015-SN1, dated as of March 26, 2015.
Exhibit 99.4		ACOLT 2014-SN2 Servicing Agreement, dated as of October 22, 2014, between Ally Central Originating Lease Trust and Ally Financial Inc., as servicer and custodian.
Exhibit 99.2		VAULT Pledge and Security Agreement, to be dated as of March 31, 2015, by Vehicle Asset Universal Leasing Trust and made in favor of the Secured Noteholders.
Exhibit 99.5		Pull Ahead Funding Agreement, dated as of October 22, 2014, among Ally Financial Inc., as pull ahead agent, Ally Central Originating Lease Trust and Citibank, N.A., as ACOLT indenture trustee.
Exhibit 99.3		ACOLT 2015-SN1 Sale and Contribution Agreement, to be dated as of March 31, 2015, between Ally Central Originating Lease Trust and Ally Bank, as seller.
Exhibit 99.6		Pooling Agreement, dated as of October 22, 2014, between Ally Bank and Ally Auto Assets LLC.
Exhibit 99.4		ACOLT 2015-SN1 Servicing Agreement, to be dated as of March 31, 2015, between Ally Central Originating Lease Trust and Ally Financial Inc., as servicer and custodian.
Exhibit 99.7		Trust Sale Agreement, dated as of October 22, 2014, between Ally Auto Assets LLC and Ally Auto Receivables Trust 2014-SN2.
Exhibit 99.8		Administration Agreement, dated as of October 22, 2014, among Ally Financial Inc., as administrator, Ally Auto Assets LLC and Ally Auto Receivables Trust 2014-SN2.



Exhibit 99.5		Pull Ahead Funding Agreement, to be dated as of March 31, 2015, among Ally Financial Inc., as pull ahead agent, Ally Central Originating Lease Trust and Citibank, N.A., as ACOLT indenture trustee.

Exhibit 99.6		Pooling Agreement, to be dated as of March 31, 2015, between Ally Bank and Ally Auto Assets LLC.

Exhibit 99.7		Trust Sale Agreement, to be dated as of March 31, 2015, between Ally Auto Assets LLC and Ally Auto Receivables Trust 2015-SN1.

Exhibit 99.8		Administration Agreement, to be dated as of March 31, 2015, among Ally Financial Inc., as administrator, Ally Auto Assets LLC and Ally Auto Receivables Trust 2015-SN1.

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