BMW Auto Leasing llc has filed a shelf registration for a new auto lease securitization deal, BMW Vehicle Lease Trust.
The capital structured will include class A-1 Notes, class A-2 Notes, class A-3 Notes, and class A-4 Notes. The securitization is backed by lease payments generated by a portfolio of retail lease contracts and the proceeds from the sale of the BMW passenger cars and BMW light trucks currently leased under those contracts.