Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 1 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Oct-2023

Dates

31-Oct-2023

Actual/360 Days

30

30/360 Days

30

15-Nov-2023

15-Nov-2023

Collection Period No.

41

Collection Period (from... to)

Determination Date

Record Date

Distribution Date

Interest Period of the Clas

s

A-1 Notes (from... to)

Interest Period of the Clas

s

A-2A, A-3 an

d

A-4 Notes (from... to)

1-Oct-2023

13-Nov-2023

14-Nov-2023

15-Nov-2023

16-Oct-2023

15-Oct-2023

Summary

Beginning

Balance

0.00

0.00

9,320,302.64

80,020,000.00

Principal

Payment

0.00

0.00

8,575,446.17

0.00

Ending

Balance

0.00

0.00

744,856.47

80,020,000.00

Clas

s

A-1

Notes

Clas

s

A-2

Notes

Clas

s

A-3

Notes

Clas

s

A-4 Notes

Principal per $1000

Fac

e

Amount

0.000000

0.000000

24.389779

0.000000

Initial

Balance

278,000,000.00

351,600,000.00

351,600,000.00

80,020,000.00

Note

Factor

0.000000

0.000000

0.002118

1.000000

89,340,302.64

80,764,856.47

8,575,446.17

T

otal Note Balance

1,061,220,000.00

Overcollateralization

Adjusted Pool Balance

Y

ield Supplement Overcollateralizatio

n

Amount

Pool Balance

27,211,147.07

116,551,449.71

3,112,671.98

1

19,664,121.69

27,211,147.07

107,976,003.54

2,822,227.21

1

10,798,230.75

27,225,882.84

1,088,445,882.84

36,332,043.60

1,124,777,926.44

Initial 

Overcollateralizatio

n

Amount

T

arget 

Overcollateralizatio

n

Amount

Current Overcollateralizatio

n

Amount

Amount

Percentage

2.50%

2.50%

2.50%

27,225,882.84

27,211,147.07

27,211,147.07

Clas

s

A-1

Notes

Clas

s

A-2

Notes

Clas

s

A-3

Notes

Clas

s

A-4 Notes

Interest 

Rate

0.262750%

0.460000%

0.550000%

0.770000%

Interest 

Payment

0.00

0.00

4,271.81

51,346.17

Interest per

$1000 Fac

e

Amount

0.000000

0.000000

0.012150

0.641667

Interest & Principal

Payment

0.00

0.00

8,579,717.98

51,346.17

Interest & Principal Payment

per $1000 Fac

e

Amount

0.000000

0.000000

24.401928

0.641667

$8,631,064.15

T

otal

$55,617.98

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 2 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Oct-2023

A

vailable Collections

Reserve Fund Dra

w

Amount

A

vailable Funds

Purchas

e

Amounts

Advances made by the Servicer

Investment Earnings

Principal Collections

Interest Collections

Net Liquidation Proceeds

Recoveries

9,313,010.42

0.00

9,313,010.42

8,682,015.20

410,238.83

109,737.72

40,681.85

21,851.32

0.00

48,485.50

(1)

T

otal Servicing Fee

Nonrecoverabl

e

Advances to the Servicer

(2)

T

otal Trustee Fees and an

y

Asset Representations Reviewer

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

99,720.10

0.00

0.00

55,617.98

0.00

0.00

8,575,446.17

0.00

0.00

(3) Interest Distributabl

e

Amount Clas

s

A Notes

(4) Priority Principal Distributabl

e

Amount

(5)

T

o Reserve Fund to reach the Reserve Fund Require

d

Amount

(6) Regular Principal Distributabl

e

Amount

(7) Additional Servicing Fee and Transition Costs

(8)

T

otal Trustee Fees and an

y

Asset Representations Reviewer

fees [not previously paid under (2)]

(9) Excess Collections to Certificateholders

T

otal Distribution

9,313,010.42

582,226.17

Distributions

A

vailable Funds

Distribution Detail

Paid

Shortfall

Due

T

otal Servicing Fee

T

otal Trustee Fee

99,720.10

0.00

0.00

0.00

99,720.10

0.00

Monthly Interest Distributabl

e

Amount

thereof on Clas

s

A-1 Notes

thereof on Clas

s

A-2 Notes

thereof on Clas

s

A-3 Notes

thereof on Clas

s

A-4 Notes

55,617.98

0.00

0.00

4,271.81

51,346.17

0.00

0.00

0.00

0.00

0.00

55,617.98

0.00

0.00

4,271.81

51,346.17

Interest Carryover Shortfal

l

Amount

thereof on Clas

s

A-1

Notes

thereof on Clas

s

A-2

Notes

thereof on Clas

s

A-3

Notes

thereof on Clas

s

A-4

Notes

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

55,617.98

55,617.98

0.00

Interest Distributabl

e

Amount Clas

s

A

Notes

Priority Principal Distributabl

e

Amount

Regular Principal Distributabl

e

Amount

0.00

8,575,446.17

0.00

0.00

0.00

8,575,446.17

Aggregate Principal Distributabl

e

Amount

8,575,446.17

8,575,446.17

0.00

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 3 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Oct-2023

Reserve Fund and Investment Earnings

Investment Earnings

Reserve Fund

Reserve Fun

d

Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fun

d

Amount - Ending Balance

5,442,229.41

0.00

5,442,229.41

Reserve Fund Require

d

Amount

plus/minus change to meet Reserve Fund Require

d

Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Dra

w

Amount

Investment Earnings for the Collection Period

Net Investment Earnings on the Reserve Fund

Net Investment Earnings on the Collectio

n

Account

19,372.04

29,113.46

48,485.50

5,442,229.41

0.00

19,372.04

19,372.04

0.00

Notice to Investors

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 4 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Oct-2023

Pool Statistics

Pool Data

4.05%

19.88

49.59

Cutoff Date Pool Balance

Amount

1,124,777,926.44

Pool Balance beginning of Collection Period

119,664,121.69

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchas

e

Amounts

Principal Gross Losses

Pool Balance end of Collection Period

W

eighte

d

A

verag

e

APR

110,798,230.75

9,847

10,165

W

eighte

d

A

verage Number of Remaining Payments

W

eighte

d

A

verage Seasoning (months)

As of Cutoff Date

Current

Number of Receivables

35,214

6,796,535.78

1,885,479.42

21,673.54

162,202.20

Pool Factor

9.85%

3.82%

52.53

11.02

Mercedes-Benz Auto Receivables 

T

rust 2020-1

Page 5 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Oct-2023

Delinquency Profile

(1) A receivable is not considered delinquent if the amount past due is less than

10% of the payment due under such receivable

31-60 

Days 

Delinquent

61-90 

Days 

Delinquent

91-120 Days Delinquent

T

otal

Current

99.17%

0.62%

0.10%

0.11%

100.00%

109,881,734.34

691,802.72

108,007.88

116,685.81

110,798,230.75

9,787

45

9

6

9,847

Delinquency Profile 

(1)

Amount

Number of Receivables

Percentage

Delinquency 

T

rigger

3.550%

60+ Delinquency Loans to EO

P

Aggregate Securitization 

V

alue

0.203%

Delinquency Trigger occurred                                                                                                                                                                                                           

No

Loss Statistics

A

verage Net Loss / (Gain)

6,196.04

Cumulative Principal Net Loss / (Gain) as % of Cutoff Date Pool Balance

Four Mont

h

A

verage

0.532%

Principal Net Loss / (Gain) as % of 

A

verage Pool Balance (annualized):

2,397,866.36

14,414.04

Principal Net Loss / (Gain)

Principal Net Liquidation Proceeds

Principal Recoveries

Principal Gross Losses

14

387

Losses 

(1)

Amount

162,202.20

109,591.35

38,196.81

Number of Receivables

Number of Receivables

Amount

10,868,989.36

4,201,841.29

4,269,281.71

Current

Cumulative

0.213%

(1) Losses include accounts that have been charged off with a balance remaining of less than

$50.

These accounts are excluded in the Number of Receivables count as they are not

considered a charge-off 

on a defaulted loan

.

Current Collection Period

0.150%

Prior Collection Period                                                                                                              

1.088 % Second Prior

Collection 

Period 

0.690 

%

Third 

Prior 

Collection 

Period

0.200 %

Mercedes-Benz Auto Receivables Trust 2020-1 10-D