11/06/2025 | Press release | Distributed by Public on 11/06/2025 16:16
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BMW Vehicle Owner Trust 2024-A
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||||||
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Accrued Interest Date:
|
9/25/25
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Collection Period Ending:
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9/30/25
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|||
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Current Payment Date:
|
10/27/25
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Period:
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16
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|||
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Balances
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||||||||||||
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Initial
|
Beginning of Period
|
End of Period
|
||||||||||
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Pool Balance
|
$
|
1,909,993,688.45
|
$
|
959,123,854.46
|
$
|
909,402,564.11
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||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
115,121,892.40
|
$
|
41,695,761.13
|
$
|
38,613,846.90
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||||||
|
Adjusted Pool Balance
|
$
|
1,794,871,796.05
|
$
|
917,428,093.33
|
$
|
870,788,717.21
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||||||
|
Reserve Account
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
$
|
4,487,179.49
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||||||
|
Overcollateralization
|
$
|
44,871,796.05
|
$
|
44,871,794.90
|
$
|
44,871,794.90
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||||||
|
Notes
|
Ratio
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|||||||||||||||
|
Class A-1 Notes
|
$
|
363,000,000.00
|
-
|
-
|
0.0
|
%
|
||||||||||
|
Class A-2a Notes
|
$
|
320,500,000.00
|
$
|
63,278,149.21
|
$
|
39,958,461.15
|
4.8
|
%
|
||||||||
|
Class A-2b Notes
|
$
|
320,500,000.00
|
$
|
63,278,149.22
|
$
|
39,958,461.16
|
4.8
|
%
|
||||||||
|
Class A-3 Notes
|
$
|
641,000,000.00
|
$
|
641,000,000.00
|
$
|
641,000,000.00
|
77.6
|
%
|
||||||||
|
Class A-4 Notes
|
$
|
105,000,000.00
|
$
|
105,000,000.00
|
$
|
105,000,000.00
|
12.7
|
%
|
||||||||
|
$
|
1,750,000,000.00
|
$
|
872,556,298.43
|
$
|
825,916,922.31
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
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||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
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Interest Collected on Receivables
|
$
|
4,374,607.91
|
||
|
Servicer Advances
|
168,600.46
|
|||
|
Servicer Advance Reimbursement
|
146,433.73
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
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Warranty Purchase Payment
|
3,997.82
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|||
|
Recoveries
|
16,410.05
|
|||
|
Investment Earnings from Reserve Account
|
15,158.95
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
4,432,341.46
|
||
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Available Principal:
|
||||
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Principal Collection on Receivables
|
||||
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Receipts of Scheduled Principal
|
$
|
30,701,919.95
|
||
|
Receipts of Pre-Paid Principal
|
18,229,451.57
|
|||
|
Liquidation Proceeds
|
393,247.66
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
183,595.95
|
|||
|
Total Available Principal
|
$
|
49,508,215.13
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
53,940,556.59
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
799,269.88
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
22,956.60
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
3,757,928.38
|
|||
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First Priority Principal Distribution Amount to Noteholders
|
1,767,581.22
|
|||
|
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||
|
Regular Principal Distributable Amount to Noteholders
|
44,871,794.90
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|||
|
Amounts paid to Indenture Trustee, Owner Trustee and Asset
|
0.00
|
|||
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Representations Reviewer (subject to annual cap)
|
||||
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Amounts paid to Indenture Trustee, Owner Trustee and Asset
|
0.00
|
|||
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Representations Reviewer (not subject to annual cap)
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||||
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Certificate Distribution Account (any remaining payments)
|
2,721,025.61
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|||
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Total Distributions
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$
|
53,940,556.59
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||
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Monthly Period Receivables Principal Balance Calculation
|
||||
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Beginning Receivable Principal Balance
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$
|
959,123,854.46
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||
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Monthly Principal Received
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||||
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Regular Principal Received
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$
|
30,701,919.95
|
||
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Prepaid Principal Received
|
18,229,451.57
|
|||
|
Liquidation Proceeds
|
393,247.66
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
213,075.22
|
|||
|
Principal Portion of Repurchased Receivables
|
183,595.95
|
|||
|
Total Monthly Principal Amounts
|
$
|
49,721,290.35
|
||
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Ending Receivable Principal Balance
|
$
|
909,402,564.11
|
||
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Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
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||||
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Indenture Trustee
|
||||
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Amount due and payable to Indenture Trustee before giving effect to
|
-
|
|||
|
payments on current Payment Date:
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||||
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Amount due and payable to Indenture Trustee after giving effect to
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0.00
|
|||
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payments on current Payment Date:
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||||
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Owner Trustee
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||||
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Amount due and payable to Owner Trustee before giving effect to
|
-
|
|||
|
payments on current Payment Date:
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||||
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Amount due and payable to Owner Trustee after giving effect to
|
0.00
|
|||
|
payments on current Payment Date:
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||||
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Asset Representations Reviewer Trustee
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||||
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Amount due and payable to Asset Representations Reviewer before
|
-
|
|||
|
giving effect to payments on current Payment Date:
|
||||
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Amount due and payable to Asset Representations Reviewer after
|
0.00
|
|||
|
giving effect to payments on current Payment Date:
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||||
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Distributions
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||||||||||||
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Interest Distributable Amount
|
Interest Rate
|
Current Payment
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Per $1,000
|
|||||||||
|
Class A-1 Notes
|
5.51200
|
%
|
$
|
0.00
|
0.00
|
|||||||
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Class A-2a Notes
|
5.42000
|
%
|
$
|
285,806.31
|
0.89
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|||||||
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Class A-2b Notes
|
4.69603
|
%
|
$
|
264,138.74
|
0.82
|
|||||||
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Class A-3 Notes
|
5.18000
|
%
|
$
|
2,766,983.33
|
4.32
|
|||||||
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Class A-4 Notes
|
5.04000
|
%
|
$
|
441,000.00
|
4.20
|
|||||||
|
$
|
3,757,928.38
|
|||||||||||
|
Monthly Principal Distributable Amount
|
Beginning Balance
|
Current Payment
|
Ending Balance
|
Per $1,000
|
Note Factor
|
|||||||||||||||
|
Class A-1 Notes
|
-
|
-
|
-
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2a Notes
|
$
|
63,278,149.21
|
$
|
23,319,688.06
|
$
|
39,958,461.15
|
72.76
|
0.12
|
||||||||||||
|
Class A-2b Notes
|
$
|
63,278,149.22
|
$
|
23,319,688.06
|
$
|
39,958,461.16
|
72.76
|
0.12
|
||||||||||||
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Class A-3 Notes
|
$
|
641,000,000.00
|
-
|
$
|
641,000,000.00
|
0.00
|
1.00
|
|||||||||||||
|
Class A-4 Notes
|
$
|
105,000,000.00
|
-
|
$
|
105,000,000.00
|
0.00
|
1.00
|
|||||||||||||
|
872,556,298.43
|
46,639,376.12
|
825,916,922.31
|
||||||||||||||||||
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Carryover Shortfalls
|
||||||||||||
|
Prior Period Carryover
|
Current Payment
|
Per $1,000
|
||||||||||
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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
|
-
|
-
|
-
|
|||||||||
|
Yield Supplement Overcollateralization Amount
|
||||
|
Previous Distribution Date Required Amount
|
41,695,761.13
|
|||
|
Beginning Period Amount
|
41,695,761.13
|
|||
|
Current Distribution Date Required Amount
|
38,613,846.90
|
|||
|
Current Period Release
|
3,081,914.23
|
|||
|
Ending Period Amount
|
38,613,846.90
|
|||
|
Reserve Account
|
||||
|
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
|
Beginning Period Amount
|
4,487,179.49
|
|||
|
Net Investment Earnings
|
15,158.95
|
|||
|
Current Period Deposit Amount Due
|
0.00
|
|||
|
Reserve Fund Draw Amount
|
0.00
|
|||
|
Ending Period Required Amount
|
4,487,179.49
|
|||
|
Release to Depositor
|
15,158.95
|
|||
|
Ending Period Amount
|
$
|
4,487,179.49
|
||
|
Overcollateralization
|
||||
|
Beginning Period Overcollateralization Amount
|
$
|
44,871,794.90
|
||
|
Target Overcollateralization Amount
|
$
|
44,871,794.90
|
||
|
Ending Period Over Collateralization Amount
|
$
|
44,871,794.90
|
||
|
Current Period Release
|
$
|
0.00
|
||
|
Receivables Data
|
||||||||
|
Beginning Period
|
Ending Period
|
|||||||
|
Number of Receivables
|
34,103
|
33,047
|
||||||
|
Weighted Average Remaining Term
|
38.37
|
37.59
|
||||||
|
Weighted Average Annual Percentage Rate
|
5.54
|
%
|
5.55
|
%
|
||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
133
|
$
|
5,220,001.53
|
0.57
|
%
|
|||||||
|
60-89 Days
|
47
|
1,915,253.92
|
0.21
|
%
|
||||||||
|
90-119 Days
|
14
|
834,671.64
|
0.09
|
%
|
||||||||
|
120+ Days
|
7
|
440,047.41
|
0.05
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
201
|
$
|
8,409,974.50
|
0.92
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
68
|
$
|
3,189,972.97
|
0.35
|
%
|
|
Delinquencies as of the end of prior periods
|
||||
|
Total 30+ Days Past Due as of the end of the prior period
|
0.87
|
%
|
||
|
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.88
|
%
|
||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.71
|
%
|
||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||
|
Beginning Period Repossessed Receivables Balance
|
30
|
1,510,024.66
|
||||||
|
Ending Period Repossessed Receivables Balance
|
24
|
1,138,523.71
|
||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
4
|
261,884.61
|
||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
11
|
213,075.22
|
||||||
|
Recoveries
|
7
|
16,410.05
|
||||||
|
Net Write-Offs
|
196,665.17
|
|||||||
|
Cumulative Net Write-offs
|
85
|
$
|
1,683,797.27
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.18
|
%
|
||||||
|
Charge Off Rate **
|
0.09
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
19,809.38
|
||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
6
|
143,936.42
|
||||||
|
Recoveries
|
8
|
12,541.85
|
||||||
|
Net Write-Offs
|
131,394.57
|
|||||||
|
Cumulative Net Write-offs
|
74
|
$
|
1,487,132.10
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.15
|
%
|
||||||
|
Charge Off Rate **
|
0.08
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
20,096.38
|
||||||
|
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
8
|
138,000.75
|
||||||
|
Recoveries
|
8
|
16,107.74
|
||||||
|
Net Write-Offs
|
121,893.01
|
|||||||
|
Cumulative Net Write-offs
|
68
|
$
|
1,355,737.53
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.13
|
%
|
||||||
|
Charge Off Rate **
|
0.07
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
19,937.32
|
||||||
|
Write-offs as of the end of the 3rd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
11
|
286,792.62
|
||||||
|
Recoveries
|
19
|
41,872.35
|
||||||
|
Net Write-Offs
|
244,920.27
|
|||||||
|
Cumulative Net Write-offs
|
60
|
$
|
1,233,844.52
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.11
|
%
|
||||||
|
Charge Off Rate **
|
0.06
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
20,564.08
|
||||||
|
*Ratio of Cumulative Net Write-offs to Avg Portfolio Balance is calculated by dividing the Cumulative Net Write-offs for the period
|
|
by the Avg Portfolio Balance for the period.
|
|
Avg Portfolio Balance for a period is equal to the average of the Beginning Receivable Principal Balance and the Ending Receivable
|
|
Principal Balance for such period.
|
|
**Charge Off Rate is calculated by dividing Cumulative Net Write-offs by initial Pool Balance as of the Cut-off Date.
|
|
*** Average of Net Write-offs is calculated by dividing Cumulative Net Write-offs by the aggregate number of Receivables
|
|
that have experienced a net write-off.
|