BMW Lease Trust 2024-1 Files Annual 10-K Report
| Field | Detail |
|---|---|
| Company | Bmw Vehicle Lease Trust 2024-1 |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: securitization, auto-leases, 10-K, asset-backed-securities
Related Tickers: BMWYY, BMW.DE
TL;DR
BMW Lease Trust 2024-1 filed its 10-K for 2024. All good.
AI Summary
BMW Vehicle Lease Trust 2024-1 filed its annual report for the fiscal year ending December 31, 2024. The filing details its operations as an asset-backed securities entity, with BMW Auto Leasing LLC acting as the depositor and BMW Financial Services NA, LLC as the sponsor. The trust is incorporated in Delaware.
Why It Matters
This filing provides transparency into the financial structure and operations of BMW's vehicle leasing securitization trust, impacting investors and the broader automotive finance market.
Risk Assessment
Risk Level: low — This is a standard annual filing for an asset-backed securities trust and does not indicate any immediate or unusual risks.
Key Numbers
- 333-260903-05 — Commission file number (Issuing entity's SEC file number)
- 0002006654 — Central Index Key (Issuing entity's identifier)
Key Players & Entities
- BMW Vehicle Lease Trust 2024-1 (company) — Issuing entity
- BMW Auto Leasing LLC (company) — Depositor and registrant
- BMW Financial Services NA, LLC (company) — Sponsor
- December 31, 2024 (date) — Fiscal year end
FAQ
What is the primary business of BMW Vehicle Lease Trust 2024-1?
The primary business is related to asset-backed securities, specifically auto leases, as indicated by the 'ABS ASSET CLASS: Auto leases' and SIC code.
Who is the depositor for this trust?
The depositor is BMW Auto Leasing LLC, as stated in the filing.
When did the fiscal year covered by this 10-K report end?
The fiscal year ended on December 31, 2024.
In which state was the issuing entity incorporated?
The issuing entity, BMW Vehicle Lease Trust 2024-1, was incorporated in Delaware.
What is the role of BMW Financial Services NA, LLC in this filing?
BMW Financial Services NA, LLC is identified as the sponsor of the trust.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding BMW Vehicle Lease Trust 2024-1.