Investor Report

Mercedes-Benz Auto Lease Trust 2021-A

Collection Period Ended

Page 1 of 6

Amounts in USD

31-Dec-2022

Dates

Interest Period of the Class A-1 Notes (from... to)

Collection Period (from... to)

17-Jan-2023

Payment Date

31-Dec-2022

1-Dec-2022

Actual/360 Days

Collection Period No.

Determination Date

Interest Period of the Class A-2, A-3 and A-4 Notes (from... 1/15/2023

12-Jan-2023

Record Date

13-Jan-2023

17-Jan-2023

15-Dec-2022

30/360 Days

15-Dec-2022

15-Jan-2023

Summary

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

0.00

Class A-1 Notes

0.000000

245,000,000.00

0.000000

0.00

Class A-2 Notes

0.000000

490,000,000.00

0.000000

0.00

183,439,231.03

Class A-3 Notes

84.068474

428,000,000.00

0.344528

35,981,306.84

147,457,924.19

110,860,000.00

Class A-4 Notes

0.000000

110,860,000.00

1.000000

0.00

110,860,000.00

294,299,231.03

Total Note Balance

1,273,860,000.00

35,981,306.84

258,317,924.19

Overcollateralization

234,659,208.08

Total Securitization Value

1,489,899,733.86

216,039,733.86

present value of lease payments

present value of Base Residual Value

528,958,439.11

492,977,132.27

402,315,568.52

878,899,659.22

611,000,074.64

103,176,613.02

90,661,563.75

425,781,826.09

Initial Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

216,039,733.86

14.50%

234,659,208.08

15.75%

Target Overcollateralization Amount

234,659,208.08

15.75%

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

0.146940%

0.000000

0.00

0.000000

0.00

Class A-2 Notes

0.180000%

0.000000

0.00

0.000000

0.00

Class A-3 Notes

0.250000%

0.089291

36,019,523.35

84.157765

38,216.51

Class A-4 Notes

0.320000%

0.266667

29,562.67

0.266667

29,562.67

$36,049,086.02

Total

67,779.18

Investor Report

Mercedes-Benz Auto Lease Trust 2021-A

Collection Period Ended

Page 2 of 6

Amounts in USD

31-Dec-2022

Lease Payments Received

Net Sales Proceeds-early terminations (incl Defaulted Leases)

Net Sales Proceeds-scheduled terminations

Excess wear and tear included in Net Sales Proceeds

Excess mileage included in Net Sales Proceeds

Repurchase Payments

Advances made by the Servicer

Investment Earnings

Total Available Collections

Reserve Account Draw Amount

Total Available Funds

11,616,834.94

3,873.56

0.00

3,623.13

0.00

133,645.28

14,094,025.65

18,323,799.92

Total Exchange Note Payments

Available Funds ABS Notes

Available 2021-A Collections

44,168,305.79

Exchange Note Balance

Initial

Balance

Beginning

Balance

Ending

Balance

1,415,404,747.17

454,463,452.42

418,482,145.58

36,106,284.29

36,106,284.29

Subtotal

44,034,660.51

(2) Interest Distributable Amount Class A Notes

(3) Priority Principal Distribution Amount

67,779.18

0.00

(4) To Reserve Fund to reach the Reserve Fund Required Amount

(5) Regular Principal Distribution Amount

(6) Additional Servicing Fee and Transition Costs

0.00

35,981,306.84

0.00

(7) Total Trustee Fees and any Asset Representations Reviewer fees

[not previously paid under (1)]

0.00

(8) Excess Collections to Certificateholders

Total Distribution

(1) Total Trustee Fees and any Asset Representations Reviewer fees

(max. $250,000 p.a.)

0.00

36,106,284.29

Nonrecoverable Advances to the Servicer

(1) Total Servicing Fee

(2) Exchange Note Interest Distributable Amount

(0.33%)

440,798.70

0.00

124,977.45

(3) Exchange Note Principal Distributable Amount

(4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i)

through (vii) of the Indenture (or, if applicable, pursuant to Section

5.04(b)(i)through (vii) of the Indenture) exceed the sum of the Exchange

Note Interest Distributable Amount and the Exchange Note Principal

Distributable Amount

(5) Remaining Funds Payable

35,981,306.84

Total Distribution

44,168,305.79

Distributions ABS Notes

Distribution on the Exchange Note

0.00

57,198.27

7,621,222.80

Investor Report

Mercedes-Benz Auto Lease Trust 2021-A

Collection Period Ended

Page 3 of 6

Amounts in USD

31-Dec-2022

Distribution Detail

Amount Paid

Shortfall

Amount Due

0.00

440,798.70

Total Servicing Fee

Total Trustee Fee

0.00

67,779.18

0.00

Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00

thereof on Class A-2 Notes

0.00

thereof on Class A-3 Notes

38,216.51

0.00

38,216.51

thereof on Class A-4 Notes

29,562.67

0.00

29,562.67

Interest Carryover Shortfall Amount

0.00

thereof on Class A-1 Notes

0.00

thereof on Class A-2 Notes

0.00

thereof on Class A-3 Notes

0.00

thereof on Class A-4 Notes

0.00

Interest Distributable Amount Class A Notes

67,779.18

0.00

Priority Principal Distribution Amount

0.00

Regular Principal Distribution Amount

35,981,306.84

0.00

35,981,306.84

Principal Distribution Amount

35,981,306.84

0.00

Investor Report

Mercedes-Benz Auto Lease Trust 2021-A

Collection Period Ended

Page 4 of 6

Amounts in USD

31-Dec-2022

Reserve Fund and Investment Earnings

Investment Earnings

Net Investment Earnings on the Reserve Fund

Reserve Fund

Reserve Fund Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fund Amount - Ending Balance

3,724,749.33

0.00

3,724,749.33

Reserve Fund Required Amount

plus top up Reserve Fund up to the Required Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Draw Amount

0.00

Investment Earnings for the Collection Period

Net Investment Earnings on the Exchange Note

Collection Account

122,823.05

10,822.23

133,645.28

3,724,749.33

0.00

Notice to Investors

Investor Report

Mercedes-Benz Auto Lease Trust 2021-A

Collection Period Ended

Page 5 of 6

Amounts in USD

31-Dec-2022

Pool Statistics

Securitization Value end of Collection Period

528,958,439.11

Securitization Value beginning of Collection Period

Number of Leases

Amount

Pool Data

33.09%

Pool Factor

Gross Losses

Terminations- Scheduled

Terminations- Early

Principal portion of lease payments

35,662

Cutoff Date Securitization Value

Repurchase Payment (excluding interest)

492,977,132.27

877,424.68

0.00

15,046,991.88

11,309,674.98

8,747,215.30

1,489,899,733.86

15,989

15,073

27.95%

1,003,544,881.25

421,688,232.83

6.68%

6.67%

9.27

30.63

Cumulative Turn-in Ratio

Aggregate Base Residual Value

13.33

25.29

Current

As of Cutoff Date

Weighted Average Seasoning (months)

Weighted Average Remaining Term (months)

Weighted Average Securitization Rate

Proportion of base prepayment assumption realized life to date

Actual lifetime prepayment speed

0.66%

65.96%

Delinquency Profile

Delinquency Profile *

0.06%

290,956.86

91-120 Days Delinquent

14,996

1,698,949.44

489,852,236.13

1,134,989.84

100.00%

15,073

492,977,132.27

*A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease

**Based on the actual Securitization Value of the respective leases

Total

Percentage

Number of Leases

Amount **

99.37%

Current

0.23%

0.34%

31-60 Days Delinquent

61-90 Days Delinquent

Delinquency Trigger

4.747%

60+ Delinquency Leases to EOP Aggregate Securitization Value

Delinquency Trigger occurred

0.289%

Investor Report

Mercedes-Benz Auto Lease Trust 2021-A

Collection Period Ended

Page 6 of 6

Amounts in USD

31-Dec-2022

Loss Statistics

Current

Credit Loss

Amount

Number of Leases

Cumulative

Number of Leases

Amount

Recoveries

Liquidation Proceeds

Securitization Value of Defaulted Leases, Beg of Collection Period

736,167.59

36,682.60

638,323.43

Principal Net Credit Loss / (Gain)

61,161.56

21,667,928.10

(808,951.66)

592

20,194,220.38

2,282,659.38

Net Credit Loss / (Gain) as % of Average Securitization Value (annualized):

Second Prior Collection Period

Prior Collection Period

Current Collection Period

Third Prior Collection Period

Four Month Average

0.144%

0.113%

Cumulative Net Credit Loss / (Gain) as % of Cutoff Date Securitization Value

Average Net Credit Loss / (Gain)

(1,366.47)

(0.054)%

0.412 %

(0.011%)

(0.094%)

Current

Residual Loss

Amount

Number of Leases

Cumulative

Number of Leases

Amount

Sales Proceeds and Other Payments Received

Securitization Value of Liquidated Leases, Beg of Collection Period

Residual Loss / (Gain)

26,497,923.95

895

620,813,396.07

19,989

31,708,587.40

734,627,119.77

(5,210,663.45)

(113,813,723.70)

Residual Loss / (Gain) as % of Average Securitization Value (annualized):

Second Prior Collection Period

Prior Collection Period

Current Collection Period

Third Prior Collection Period

Four Month Average

(12.237)%

(10.085)%

Average Residual Loss / (Gain)

Cumulative Residual Loss / (Gain) as % of Cutoff Date Securitization Value

(7.639)%

(5,693.82)

(12.103%)

(7.088%)

(8.909%)

Mercedes-Benz Auto Lease Trust 2021-A 10-D