Exhibit 99.1
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Volkswagen Auto
Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 7-28-2007
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PAGE 1 |
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| A. |
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DATES |
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Begin |
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End |
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# days |
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1
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Determination Date
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8/16/2007 |
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2
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Payment Date
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8/20/2007 |
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3
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Collection Period
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7/1/2007 |
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7/28/2007 |
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28 |
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4
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Monthly Interest Period -
Actual
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7/20/2007 |
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8/19/2007 |
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31 |
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5
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Monthly Interest - Scheduled
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30 |
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| B. |
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SUMMARY |
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Principal
Payment |
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Initial
Balance |
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Beginning
Balance |
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1st Priority |
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Regular |
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Ending
Balance |
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Note Factor |
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6
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Class A-1 Notes |
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425,000,000.00 |
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— |
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— |
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— |
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7
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Class A-2 Notes |
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420,000,000.00 |
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— |
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— |
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— |
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8
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Class A-3 Notes |
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485,000,000.00 |
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32,250,895.68 |
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— |
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28,996,685.64 |
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3,254,210.04 |
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0.0067097 |
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9
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Class A-4 Notes |
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170,000,000.00 |
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170,000,000.00 |
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— |
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170,000,000.00 |
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1.0000000 |
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10
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Certificates |
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185,393,258.00 |
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185,393,258.00 |
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— |
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— |
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185,393,258.00 |
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1.0000000 |
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11
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Equals: Total Securities |
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$ |
1,685,393,258.00 |
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$ |
387,644,153.68 |
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$ |
— |
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$ |
28,996,685.64 |
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$ |
358,647,468.04 |
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12
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Total Securitization
Value |
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$ |
1,685,393,258.00 |
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$ |
421,352,019.68 |
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$ |
392,355,334.04 |
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Per $1000 |
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Principal &
Interest |
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Per $1000 |
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Coupon Rate |
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Interest Pmt
Due |
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Face Amount |
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Payment Due |
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Face Amount |
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13
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Class A-1 Notes |
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2.9850 |
% |
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— |
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— |
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— |
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14
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Class A-2 Notes |
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3.5200 |
% |
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— |
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— |
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15
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Class A-3 Notes |
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3.8200 |
% |
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102,665.35 |
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3.1833333 |
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29,099,350.99 |
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902.2803980 |
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16
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Class A-4 Notes |
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3.9400 |
% |
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558,166.67 |
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3.2833333 |
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558,166.67 |
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3.2833333 |
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Equals: Total Securities |
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660,832.02 |
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29,657,517.66 |
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C.
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COLLECTIONS AND AVAILABLE
FUNDS |
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17
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Lease Payments Received |
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8,243,711.07 |
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18
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Sales Proceeds - Early
Terminations |
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7,052,284.02 |
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19
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Sales Proceeds - Scheduled
Terminations |
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15,391,766.13 |
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20
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Security Deposits for Terminated
Accounts |
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122,747.00 |
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21
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Excess Wear and Tear Received |
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156,469.68 |
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22
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Excess Mileage Charges Received |
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237,925.39 |
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23
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Other Recoveries Received |
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180,533.49 |
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24
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Subtotal: Total
Collections |
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31,385,436.78 |
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25
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Repurchase Payments |
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— |
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26
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Postmaturity Term Extension |
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— |
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27
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Investment Earnings on Collection
Account |
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212,611.83 |
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28
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Total Available Funds, prior to
Servicer Advances |
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31,598,048.61 |
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29
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Servicer Advance |
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— |
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30
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Total Available Funds |
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31,598,048.61 |
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31
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Reserve Account Draw |
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— |
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32
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Available for
Distribution |
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31,598,048.61 |
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D.
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DISTRIBUTIONS |
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33
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Payment Date Advance Reimbursement
(Item 77) |
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— |
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34
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Servicing Fee (Servicing and
Administrative Fees paid pro rata): |
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35
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Servicing Fee Shortfall from Prior
Periods |
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— |
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36
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Servicing Fee Due in Current
Period |
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351,126.68 |
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37
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Servicing Fee Shortfall |
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— |
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38
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Administration Fee (Servicing and
Administrative Fees paid pro rata): |
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39
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Administration Fee Shortfall from
Prior Periods |
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— |
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40
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Administration Fee Due in Current
Period |
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5,000.00 |
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41
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Administration Fee Shortfall |
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— |
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42
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Interest Paid to Noteholders |
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660,832.02 |
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43
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First Priority Principal Distribution
Amount |
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— |
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44
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Amount Paid to Reserve Account to
Reach Specified Balance |
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— |
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45
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Subtotal: Remaining Available
Funds |
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30,581,089.91 |
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46
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Regular Principal Distribution
Amount |
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28,996,685.64 |
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47
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Regular Principal Paid to Noteholders
(lesser of Item 45 and Item 46) |
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28,996,685.64 |
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48
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Other Amounts paid to Trustees |
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— |
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49
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Remaining Available Funds |
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1,584,404.27 |
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Volkswagen Auto
Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 7-28-2007
|
|
|
|
PAGE 2 |
|
|
| |
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E.
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CALCULATIONS |
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50
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Calculation of First Priority
Principal Distribution Amount: |
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51
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Outstanding Principal Amount of the
Notes (Beg. of Collection Period) |
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202,250,895.68 |
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52
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Less: Aggregate Securitization Value
(End of Collection Period) |
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(392,355,334.04) |
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53
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First Priority Principal
Distribution Amount (not less than zero) |
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— |
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54
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Calculation of Regular Principal
Distribution Amount: |
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55
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Outstanding Principal Amount of the
Notes (Beg. of Collection Period) |
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202,250,895.68 |
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56
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Less: First Priority Principal
Distribution Amount |
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— |
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Less: Targeted Note Balance |
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(173,254,210.04) |
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58
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Regular Principal Distribution
Amount |
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28,996,685.64 |
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59
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Calculation of Targeted Note
Balance: |
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60
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Aggregate Securitization Value (End
of Collection Per |
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