Monthly Investor Report

Transcription

1 VCL 15 Monthly Investor Report March 13 Deal Name: VCL 15 Issuer: VCL MultiCompartment S.A. acting on behalf of its Compartment VCL avenue du X Septembre L2550 Luxembourg Luxembourg Tel.: +35 (2) Fax: +35 (2) Originator of the Receivables: Braunschweig, Germany Seller of the Receivables: originally purchased by VCL Master S.A. acting on behalf of its Compartment 1 Servicer of the Receivables: Reporting Entity: Braunschweig, Germany Dep. FRWABO Gifhorner Str Braunschweig Federal Republic of Germany Contact: phone + 49 (0) fax + 49 (0) ABSOperations@vwfs.com ABSOperations@vwfs.com page 1 / 24

2 Monthly Investor Report Monthly Period: March 13 Payment Date: Contents Base Interest Rate (1Month Euribor): 0,1180% Page Cover Contents Reporting Details Parties Overview Notes I Notes II Table of Contents 7 CCA Events, Trigger & Ratings Swaps & Waterfall WAL & Note Amortisation I Note Amortisation II Run Out Schedule I Run Out Schedule II Outstanding Collections 16 Pool Data 20 Arrears 22 Defaults & Losses 23 CRD Retention 24 Lease Level Data ABSOperations@vwfs.com page 2 / 24

3 VCL 15 Monthly Period: March 13 Monthly Investor Report Payment Date: Reporting Details Base Interest Rate (1Month Euribor): 0,1180% CutOff Date/ Poolcut: Issue Date: Scheduled Repayment Date as of CutOff Date: Payment Date in January 2017 Legal Maturity Date: Payment Date in January 2018 Reporting Date: Payment Date: Monthly Period: March th of each month (for previous month) st of each month (for previous month) Collection Period: from to Interest Accrual Period from Days Accrued: Note Payment Period: from Days Accrued: page 3 / 24

4 VCL 15 Monthly Period: March 13 Monthly Investor Report Payment Date: Further Transaction Parties Base Interest Rate (1Month Euribor): 0,1180% Lead Manager: Commerzbank AG Security Trustee: Wilmington Trust SP Kaiserstraße 16 Services (Frankfurt) GmbH D60311 Frankfurt Steinweg 35 Germany Frankfurt am Main Germany fax +49 (0) Mizuho International plc Bracken House, One Friday Street London EC4M 9JA United Kingdom Data Protection Volkswagen Bank GmbH Trustee: Gifhorner Straße Braunschweig InHouse Structuring: Germany Gifhorner Str Braunschweig fax: +49 (0) Germany abs.structuring@vwfs.com Clearing Systems: Clearstream Banking S.A. 42 Avenue JF Kennedy Paying Agent/ BNP Paribas Securities Services, L1885 Luxembourg Calculation Agent/ Luxembourg Branch Luxembourg Interest Determination Agen33, rue de Gasperich web@clearstream.com L5826 Hesperange Luxembourg alain.hammann@bnpparibas.com Euroclear Banking S.A./ N.V. 1 Boulevard du Roi Albert II. Account Bank: BNP Paribas Securities Services, B1210 Brussels Luxembourg Branch Belgium 33, rue de Gasperich tel.: +32 (0) L5826 Hesperange Luxembourg alain.hammann@bnpparibas.com Rating Agencies: Moody's Rating Agency Attn.: Monitoring An der Welle Frankfurt am Main Swap Counterparty: Mizuho Corporate Bank, Ltd. Germany River Plate House, 711 Finsbury Circus monitor.abs@moodys.com London, EC2M 7DH United Kingdom Standard & Poor's Ratings Group Thomas.Epple@mhcb.co.uk Attn.: Structured Finance Standard & Poor's Ratings Services Corporate Services Wilmington Trust SP Services Neue Mainer Straße 52 Provider: (Luxembourg) S.A Frankfurt am Main 5254 avenue du X Septembre Germany L2550 Luxembourg ABSeuropeansurveillance@standardandpoors.com Luxembourg VCL@WilmingtonTrust.com fax: (+352) DBRS Inc. tel.: (+352) Minster Court, 10th Floor Mincing Lane Attn: ABS Surveillance London, England EC3R 7AA Servicer: United Kingdom Gifhorner Str ABS_Surveillance@DBRS.com Braunschweig Germany ABSOperations@vwfs.com fax + 49 (0) tel.: +49 (0) ABSOperations@vwfs.com page 4 / 24

5 VCL 15 Monthly Period: March 13 Monthly Investor Report Payment Date: Information regarding the Notes (I) Base Interest Rate (1Month Euribor): 0,1180% Rating Details (Moody's / S&P / DBRS) Class A Class B Rating at Issue Date Moody's Aaa(sf) A1(sf) Standard & Poors AAA(sf) A+(sf) DBRS AAA(sf) A(sf) Current Rating Moody's Aaa(sf) A1(sf) Standard & Poors AAA(sf) A+(sf) DBRS AAA(sf) A(sf) Information on Notes Class A Class B ISIN: XS XS Common Code: Wertpapierkennnummer (WKN): A1G0XW A1G0XX Nominal Amount , ,00 Information on Interest Scheduled Repayment Legal Maturity Date Spread/ Margin Index Rate Fixed/Floating Current Coupon Class A January 2017 January bps 1MonthEuribor floating 1MEuribor + 53 bps Class B January 2017 January bps 1MonthEuribor floating 1MEuribor bps Day Count Convention actual/ 360 actual/ 360 CleanUp Call will have the right at its option to exercise a CleanUp Call and to repurchase the Lease Receivables from VCL 15 at any time when the sum of the Balances for all lease contracts is less than 9% of the sum of the Balances for all lease contracts as of the CutOff Date, provided that all payment obligations under the Notes will be thereby fulfilled. ABSOperations@vwfs.com page 5 / 24

6 VCL 15 Monthly Investor Report Information regarding the Notes (II) Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: Base Interest Rate (1Month Euribor): March ,1180% Note Balance Initial Class Balance at Poolcut Class A ,00 Class B ,00 Class Balance as of the Beginning of the Period , ,00 Unallocated Redemption Amount of the previous Period Available Redemption Amount for the Reporting Period Available Redemption Amount 49, , ,08 Redemption Amount per Note Redemption Amount per Class Unallocated Redemption Amount from current Period 3.356, ,00 (16,08) Class Balance as of the End of the Period , ,00 Payments to Investors per EUR denomination Interest (1MEuribor + 53 bps Class A/ bps Class B) Principal Repayment Remaining Principal Amount Note Factor Class A 33, , ,32 0, Class B 126,04 0, ,00 1, Unpaid Interest Unpaid Interest of Reporting Period Cumulative Unpaid Interest Class A Class B Overcollateralisation Initial OC Percentage at Poolcut Current OC Percentage Target OC Percentage Class A Class B 7,0005% 4,2005% 12,0688% 7,2838% 12,2500% 7,5000% Subordinated Loan Balance as of the Beginning of the Period Redemption Capitalization of Interest Balance as of the End of the Period , , ,13 ABSOperations@vwfs.com page 6 / 24

7 VCL 15 Monthly Investor Report Credit Enhancement Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: erest Rate (1Month Euribor): March ,1180% Cash Collateral Account (CCA) Initial Balance at Poolcut Thereof General Cash Reserve Thereof German Trade Tax Risk Reserve Targeted Balance (Floor) Thereof General Cash Reserve Thereof German Trade Tax Risk Reserve Balance as of the Beginning of the Period , ,00 0, , ,00 0, ,00 Payment from CCA/ Payment to CCA 0,00 / Balance as of the End of the Period Thereof General Cash Reserve Thereof German Trade Tax Risk Reserve 0, , ,00 0,00 General Cash Collateral Account percentage of Current Balance percentage of Original Balance Minimum Specified General Cash Collateral Amount in percent of Original Balance 1,71% 1,00% 1,00% Calculation of Credit Enhancement Initially, VCL 15's Credit Enhancement consists of the respective Note Issue in comparison to the Balance as of Poolcut, minus any Senior Debt Issuance. This 'Overcollateralisation' is specific for each Note Series and increases with its seniority. Subsequently, the 'Overcollateralisation' is calculated (as an OC Percentage) on a monthly basis, all on end of month figures. Considering the seniority of the respective Note Series, redemption is made until an Overcollateralisation of 12,25% for Class A (7,5% for Class B) has been reached. However, if an Enforcement Event causes the transaction to switch into sequential payment mode, the OC Percentages will not determine the maximum redemtion amount and may be exceeded. In addition, there is the 'General Cash Reserve' which is in principle to the benefit of all Tranches over the entire lifetime of the transaction. The transaction starts amortising Class A only until its OC Percentage is reached. The transaction switches into pro rata amortisation once an Overcollateralisation Percentage (i.e. Credit Enhancement excluding the Cash Collateral Account) of 12,25% for the Class A Notes and 7,5% for the Class B Notes has been reached. The amortisation will switch to sequential in case the Aggregate Balance falls below 10,00% of the Aggregate CutOff Date Balance, thus redeeming the most senior tranches before any redemtion goes to Junior Debt. Set Off Risk There is no Set Off Risk applicable ABSOperations@vwfs.com page 7 / 24

8 VCL 15 Monthly Investor Report Transaction Events, Trigger & Rating Overview Reporting Date: Monthly Period: Payment Date: Period No.: 13 Base Interest Rate (1Month Euribor): 0,1180% CleanUp Call Condition Current Outstanding Min. Outstanding Discounted Portfolio Discounted Portfolio 58,52% 9,00% no Repurchase of Receivables Current Period Previous Periods contracts Outstanding RePurchase Price Discounted Balance If a repurchase of receivables occurred, it would only result from noneligibility as of the respective Cut Off Date (which has been discovered at a later stage). Credit Enhancement Increase Condition Cumulative Net Loss Ratio 0,05738% Targeted Overcollateralisation Percentage Class A Class B Initial Poolcut 7,00% 4,20% Current OC Level 12,07% 7,28% Current Target OC 12,25% 7,50% Regular Target OC 12,25% 7,50% Level 1 a/b Target OC 14,00% 8,25% Level 2 Target OC 100,00% 100,00% OC = Asset Overcollateralisation Level 1a Credit Enhancement Increase Condition Level 1b Credit Enhancement Increase Condition Level 2 Credit Enhancement Increase Condition Cumulative Write Offs do not amount to 0,50% for any Payment Date before and incl. 06/2013 Cumulative Write Offs do not amount to 1,15% for any Payment Date between 07/2013 and incl. 03/2014 Cumulative Write Offs do not amount to 1,60% for any Payment Date no no no Transaction Party Replacements Capacity of Transaction Party Date of Replacement Reason for Replacement Replaced Party Replaced by Rating Information on relevant Transaction Parties Long Term Fitch Short Long Term Outlook Term Moody's Short Long Term Outlook Term DBRS Short Long Term Outlook Term S&P Short Term Account Bank: BNP Securities Services Current Rating * A+ F1 Stable A2 P1 Stable n.a. n.a. n.a A+ A1 Negative Minimum required Rating P1 A R1 A A1 (if no short term Rating available, the higher long term rating is applicable) A If the Account Bank ceases to have the Account Bank Required Rating it shall, at its own cost, Required Rating: (i) transfer the accounts to an Eligible Collateral Bank, or (ii) provide a guarantee from an Eligible Guarantor, or (iii) take any other action in order to maintain the rating of the Notes. fulfilled If none of the measures is taken within a given timespan, the Issuer may enter into newbanking arrangements at its own initiative with another Account Bank. Outlook Swap Counterparty: (Please refer to the Prospectus for a complete description of the mechanism) Level I Mizuho Corporate Bank, Ltd Current Rating * n.a. n.a. na. A1 P1 Stable A R1 Stable A+ A1 Negative Minimum required Rating A2 P1 R1 A A1 (if no short term Rating available, the higher long term rating is applicable) A1 A A+ Level II Minimum required Rating A3 P2 BBB BBB+ (if no short term Rating available, the higher long term rating is applicable) A3 a) I b) a) Level II b) 6 I Level II check If the Swap Bank falls below the above mentioned Minimum Rating (Level I) it shall provide Eligible Credit Support by means of Cash or certain types of Prime Debt Obligations Required Rating: If the Swap Bank ceases to have the even lower Rating as an Eligible Swap Counterparty (Level II) it shall, at its own cost, (i) transfer all rights and obligations under the Swap Agreement to another Eligible Swap Partner or (ii) provide a guarantee from an Eligible Guarantor. If none of the measures is taken within a given timespan, the Issuer may enter into newarrangements at its own initiative with another Swap Bank. fulfilled (Please refer to the Prospectus for a complete description of the mechanism) Servicer: Current Rating * #NV #NV #NV #NV #NV #NV #NV #NV #NV #NV #NV #NV Minimum required Rating *Ratings last updated on 04/04/ Rating of Volkswagen Financial Services AG ABSOperations@vwfs.com page 8 / 24

9 VCL 15 Monthly Investor Report Swap/ Waterfall Reporting Date: Monthly Period: March 13 Payment Date: Base Interest Rate (1Month Euribor): 0,1180% Amortising Interest Rate Swap between VCL 15 and Mizuho Corporate Bank, Ltd. Initial Principal Underlying Principal for Reporting Period Class A , ,00 Class B , ,00 Paying Leg Fix Interest Rate Fix Interest Rate Receiving Leg Floating Interest Rate Floating Interest Rate Net Swap Payments / Net Swap Receipts ( ,86) (9.274,23) Waterfall Buffer Release Amount Remaining Amount from Previous Period Payment to waterfall position ,14 49,41 Remaining Amount Net Swap Receipts Class A and Class B Available Collections Amount plus 0, ,77 Available Distribution Amount , ,04 Taxes/ Fees less , ,37 Net Swap Payments Class A less / plus , ,51 Net Swap Payments Class B less / plus 9.274, ,28 Interest Class A less , ,28 Interest Class B less , ,08 Payment to Cash Collateral Account less 0, ,08 Redemption Class A less ,00 16,08 Redemption Class B less 0,00 16,08 Remaining Amout Due to Rounding Other Payments to Swap Counterparties less less 16,08 0,00 0,00 0,00 Payment to VWL/ Subloan Lender less 0,00 0,00 ABSOperations@vwfs.com page 9 / 24

10 VCL 15 Monthly Investor Report WAL & Amortisation Profile I + Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: Base Interest Rate (1Month Euribor): März ,1180% Weighted Average Life (WAL) WAL at Closing: 1,31 yrs Class A WAL as of the current Payment Date: Class B 0,87 yrs WAL at WAL as of the current 1,92 yrs Closing: Payment Date: 0,87 yrs Monthly Period Actual Note Balance (End of Period) Forecasted Note Balance (End of Period) Forecasted Note Poolcut (End of Period) Actual OC* of the period Targeted OC* Actual Note Balance (End of Period) Forecasted Note Balance (End of Period) Forecasted Note Poolcut (End of Period) Actual OC* of the period Poolcut , ,00 7,00% 12,25% , ,00 4,20% 7,50% , ,03 7,26% 12,25% , ,00 4,36% 7,50% , ,86 7,51% 12,25% , ,00 4,52% 7,50% , ,37 7,79% 12,25% , ,00 4,69% 7,50% , ,72 8,09% 12,25% , ,00 4,87% 7,50% , ,69 8,41% 12,25% , ,00 5,07% 7,50% , ,97 8,75% 12,25% , ,00 5,28% 7,50% , ,23 9,12% 12,25% , ,00 5,51% 7,50% , ,09 9,52% 12,25% , ,00 5,75% 7,50% , ,46 9,95% 12,25% , ,00 6,01% 7,50% , ,45 10,40% 12,25% , ,00 6,28% 7,50% , ,65 10,91% 12,25% , ,00 6,59% 7,50% , ,57 11,46% 12,25% , ,00 6,91% 7,50% , ,91 12,07% 12,25% , ,27 7,28% 7,50% , ,63 #NV 12,25% , ,05 #NV 7,50% , ,61 #NV 12,25% , ,04 #NV 7,50% , ,93 #NV 12,25% , ,74 #NV 7,50% , ,90 #NV 12,25% , ,54 #NV 7,50% , ,94 #NV 12,25% , ,48 #NV 7,50% , ,01 #NV 12,25% , ,79 #NV 7,50% , ,46 #NV 12,25% , ,04 #NV 7,50% , ,59 #NV 12,25% , ,71 #NV 7,50% , ,78 #NV 12,25% , ,40 #NV 7,50% , ,88 #NV 12,25% , ,95 #NV 7,50% , ,47 #NV 12,25% , ,22 #NV 7,50% , ,64 #NV 12,25% , ,96 #NV 7,50% , ,67 #NV 12,25% , ,53 #NV 7,50% , ,38 #NV 12,25% , ,71 #NV 7,50% , ,78 #NV 12,25% , ,03 #NV 7,50% , ,50 #NV 12,25% , ,22 #NV 7,50% , ,59 #NV 12,25% , ,21 #NV 7,50% , ,07 #NV 12,25% , ,21 #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% #NV 12,25% #NV 7,50% + Based on the following assumptions: CPR of 5% and Clean Up Call at 9% of the oustanding portfolio Targeted OC* *OC = Asset Overcollateralisation ABSOperations@vwfs.com page 10 / 24

11 VCL 15 Monthly Period: March 13 Monthly Investor Report Payment Date: Amortisation Profile II Base Interest Rate (1Month Euribor): 0,1180% Amortisation Profile Class ANotes Outstanding Actual Amort. ANotes Initial Amort. Forecast Expected Amort. ANotes Overcollateralisation of the period 25,0% Assuming a CleanUp Call at 9% of the initial outstanding, annual prepayments of 5% and 0% defaults 20,0% ,0% ,00% 7,26% 7,51% 7,79% 8,09% 8,41% 8,75% 9,12% 9,52% 9,95% 10,40% 10,91% 11,46% 12,07% 10,0% 5,0% Reporting Period 0 0,0% Amortisation Profile Class BNotes Outstanding Actual Amort. BNotes Expected Amort. BNotes Initial Amort. Forecast Overcollateralisation of the period 25,0% Assuming a CleanUp Call at 9% of the initial outstanding, annual prepayments of 5% and 0% defaults 20,0% ,0% ,0% Reporting Period 0 4,20% 4,36% 4,52% 4,69% 4,87% 5,07% 5,28% 5,51% 5,75% 6,01% 6,28% 6,59% 6,91% 7,28% 5,0% 0,0% ABSOperations@vwfs.com page 11 / 24

12 VCL 15 Monthly Investor Report Run Out Schedule I Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: Base Interest Rate (1Month Euribor): März ,1180% Monthly at the End of the current Monthly Period Period Monthly Instalment Interest Amortisation arrears , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,24 795, , ,78 218, , , , ,03 ABSOperations@vwfs.com page 12 / 24

13 VCL 15 Monthly Period: March 13 Monthly Investor Report Payment Date: Run Out Schedule II Base Interest Rate (1Month Euribor): 0,1180% Outstanding Amortisation of the Outstanding Discounted AssetPortfolio Prepayment Rate in % The expected Portfolio amortisation is solely based on the scheduled payments according to rental plan, no assumptions on prepayments or defaults are made. 14% 12% % % % ,5% 2,5% 3,0% 2,1% 3,1% 2,9% 2,2% 2,4% 2,5% 2,4% 1,9% 2,0% 1,8% 4% 2% Reporting Period 0 0% Expected Amortisation as of the current month Clean Up Call Condition fulfilled Prepayment Rate as of the current month Actual Amortisation as of the current month Expected Amortisation as of the Poolcut ABSOperations@vwfs.com page 13 / 24

14 VCL 15 Monthly Period: March 13 Monthly Investor Report Payment Date: Information Regarding the Lease Pool Outstanding at the End of Monthly Period Outstanding Lease Pool Base Interest Rate (1Month Euribor): 0,1180% Type of Vehicles Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Initial Balance at Poolcut , at the Beginning of the Period , at the End of the Period , Status of the Type of Vehicles Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Current , , , ,22 Delinquent , , , ,71 Terminated , , , ,17 End of Term Paid in Full End of Term Not Paid in Full , , , ,69 Early Settlement Paid in Full Early Settlement Not Paid in Full , , , ,44 WriteOff , , , ,23 Remaining Term of Type of Vehicles Poolcut Reporting Period New Vehicles Used Vehicles Demonstration Vehicles % of Remaining Contract Term % of change in % (Early) Settlements Not paid in full ,15 0,1% 0,1% , , , ,1% < ,57 0,8% 0,7% , , , ,8% ,30 3,1% 2,3% , , , ,2% ,39 12,3% 11,1% , , , ,6% ,30 38,0% 34,4% , , , ,0% ,85 12,0% 4,1% , , , ,4% ,13 16,4% 7,0% , , , ,5% ,88 13,5% 17,0% , , , ,3% ,82 1,6% 6,7% , , , ,3% ,64 2,1% 16,2% , , , ,5% ,0% 3,5% ,3% ,0% 1,3% ,0% ,0% 1,0% 0,0% > 60 0,0% 0,0% ,88 100,0% ,03 100,0% 0,00% , , ,23 Poolcut Reporting Period Minimum Remaining Term in months 2 1 Maximum Remaining Term in months Weighted Average Remaining Term in months 33,32 22,04 Seasoning in months 6,46 19,07 Average Discounted Balance per Contract , ,20 ABSOperations@vwfs.com page 14 / 24

15 VCL 15 Monthly Investor Report Early Settlements/ Collections Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: Base Interest Rate (1Month Euribor): March ,1180% Early Settlements Early Settlements of the Monthly Period Thereof > Terminations due to insured Events > Terminations due to Insolvency > Terminations not due to Insolvency > Prepayments due to Contract Changes 213 > Cancellation of Early Settlements from Previous Periods > Repayment of Interests Due to Contract Settlement Settlements 213 Amount , , , , ,57 (11.360,54) ,03 Monthly Collections (Principal + Interest) Amount Monthly Instalments of the Monthly Period Thereof > Payments by Lessee (nominal) > Monthly Instalments not Paid by Lessee (nominal) , , ,02 Early Settlements of the Monthly Period Thereof > Payments by Lessee/ Prepayments of the Monthly Period > Early Settlements not paid by Lessee/ Dealer , , ,16 Collections of Previous Periods Thereof > Late Payments/ Return Direct Debits by Lessee , ,49 Current Prepayment Rate Collections of the Period 2,54% ,77 ABSOperations@vwfs.com page 15 / 24

16 VCL15 Monthly Period: Monthly Investor Report Payment Date: Information regarding the Lease Pool Remaining Pool Data Base Interest Rate (1Month Euribor): 0,00118 Distribution of Lease by Lessee/ Contract Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles % of Distribution of Lease by Lessee/ Contract Yet Due in EUR % of change in % ,13 50,26% ,45 51,50% 1,24% , , , ,88 36,44% ,07 35,75% 0,69% , , , ,55 7,88% ,07 7,88% 0,00% , , , ,05 5,20% ,46 4,73% 0,48% , , , ,27 0,22% > ,30 0,14% 0,07% , ,88 100,00% ,35 100,00% 0,00% , , ,23 Distribution of Lease by Discounted Amounts Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles % of Discounted Amount Yet Due in EUR % of change in % ,21 10,78% Up to Euro 7, ,69 36,61% 25,82% , , , ,98 13,30% Up to Euro 10, ,95 23,80% 10,50% , , , ,03 18,03% Up to Euro 12, ,11 15,69% 2,35% , , , ,56 16,98% Up to Euro 15, ,66 9,17% 7,81% , , , ,83 12,42% Up to Euro 17, ,75 5,76% 6,66% , , , ,49 7,77% Up to Euro 20, ,43 3,64% 4,14% , , , ,36 9,72% Up to Euro 25, ,48 3,51% 6,21% , , , ,38 5,58% Up to Euro 30, ,57 1,09% 4,50% , , , ,84 2,83% Up to Euro 35, ,33 0,39% 2,44% , , , ,13 1,29% Up to Euro 40, ,84 0,14% 1,14% , , ,48 0,86% Up to Euro 50, ,66 0,13% 0,73% , , ,59 0,42% More th. Euro 50, ,88 0,07% 0,35% , , ,88 100,00% ,35 100,00% 0,00% , , ,23 ABSOperations@vwfs.com page 16 / 24

17 VCL15 Monthly Period: Monthly Investor Report Payment Date: Information regarding the Lease Pool Remaining Pool Data Base Interest Rate (1Month Euribor): 0,00118 Top 20 Lessees Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles % of Rank Yet Due in EUR % of change in % ,67 0,04% ,71 0,07% 0,03% , ,47 0,04% ,46 0,04% 0,00% , ,43 0,04% ,27 0,04% 0,00% , , ,40 0,04% ,90 0,04% 0,00% , ,30 0,04% ,28 0,04% 0,00% , ,37 0,04% ,71 0,04% 0,00% , ,03 0,04% ,59 0,04% 0,00% , ,03 0,04% ,81 0,04% 0,00% , ,31 0,04% ,31 0,04% 0,00% , ,28 0,04% ,78 0,04% 0,00% , , ,56 0,17% ,38 0,19% 0,02% , ,03 0,17% ,06 0,18% 0,01% , ,88 0,71% ,26 0,83% 0,12% , , ,16 Distribution of Lease by Make Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Discounted Amounts Not Yet Due in % of Make Discounted Amounts Not Yet Due in % of change in % Discounted Amounts Not Yet Due Discounted Amounts Not Yet Due Discounted Amounts Not Yet Due ,04 39,95% Volkswagen Pkw ,25 39,60% 0,35% , , , ,80 14,41% Volkswagen Nutzfahrzeuge ,68 15,81% 1,41% , , , ,66 35,40% Audi ,17 34,24% 1,15% , , , ,05 2,32% Seat ,05 2,42% 0,09% , , , ,75 7,63% Skoda ,05 7,64% 0,01% , , , ,58 0,30% other makes ,15 0,29% 0,01% , , , ,88 100,00% ,35 100,00% 0,00% , , ,23 ABSOperations@vwfs.com page 17 / 24

18 VCL15 Monthly Period: Monthly Investor Report Payment Date: Information regarding the Lease Pool Remaining Pool Data Base Interest Rate (1Month Euribor): 0,00118 Geographic Distribution of Lease Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles % of Federal State Yet Due in EUR % of change in % ,76 15,32% BadenWuerttemberg ,85 15,44% 0,12% , , , ,27 17,24% Bavaria ,20 17,02% 0,22% , , , ,08 2,82% Berlin ,11 2,87% 0,05% , , , ,67 2,23% Brandenburg ,05 2,28% 0,05% , , , ,73 0,96% Bremen ,71 0,96% 0,00% , , , ,06 3,35% Hamburg ,52 3,22% 0,13% , , , ,70 8,34% Hesse ,30 8,22% 0,12% , , , ,87 1,52% Mecklenburg Vorpommern ,79 1,61% 0,09% , , , ,03 9,20% Lower Saxony ,71 9,17% 0,03% , , , ,13 21,52% North Rhine Westphalia ,51 21,33% 0,20% , , , ,00 3,56% RhinelandPalatinate ,89 3,53% 0,03% , , , ,29 0,66% Saarland ,36 0,68% 0,01% , , , ,35 5,19% Saxony ,17 5,33% 0,14% , , , ,43 2,19% SaxonyAnhalt ,93 2,31% 0,11% , , , ,94 3,32% SchleswigHolstein ,36 3,36% 0,04% , , , ,57 2,57% Thuringia ,17 2,67% 0,10% , , , ,88 100,00% ,63 100,00% 0,00% , , ,23 Type of Vehicle Poolcut End of Reporting Period Discounted Amounts Not Yet Due in % of Type of Vehicles Discounted Amounts Not Yet Due in % of change in % ,27 94,70% New Vehicles ,17 94,85% 0,15% ,52 2,14% Used Vehicles ,95 1,96% 0,18% ,09 3,13% Demo. Vehicles ,23 3,19% 0,06% ,88 100,00% ,35 100,00% 0,03% ABSOperations@vwfs.com page 18 / 24

19 VCL15 Monthly Period: Monthly Investor Report Payment Date: Information regarding the Lease Pool Remaining Pool Data Base Interest Rate (1Month Euribor): 0,00118 Distribution by Industry of Lessee Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Discounted Amounts Not Yet Due in % of Industry Discounted Amounts Not Yet Due in % of change in % Discounted Amounts Not Yet Due Discounted Amounts Not Yet Due Discounted Amounts Not Yet Due ,87 0,82% Agriculture/ Forestry ,77 0,75% 0,07% , , , ,07 1,43% Chemical Industry ,71 1,49% 0,06% , , , ,01 2,69% Communications and Information Transmission ,48 2,90% 0,21% , , , ,53 10,29% Construction ,39 10,85% 0,56% , , , ,25 2,10% Energy/ Mining ,27 1,59% 0,51% , , , ,95 5,07% ,64 1,57% Financial Services, Leasing and Housing Hotel and Restaurant Industry ,26 5,75% 0,68% , , , ,17 1,72% 0,15% , , , ,23 19,60% Other Services ,01 19,53% 0,07% , , , ,52 20,89% Manufacturing Industry ,64 21,86% 0,97% , , ,98 Public Administration, ,80 20,08% Education, Health Care, Public Serv ,02 16,92% 3,17% , , , ,46 14,93% Retail/ Wholesale ,13 15,96% 1,03% , , , ,32 0,43% Private ,96 0,46% 0,03% , , , ,23 0,11% other ,54 0,24% 0,13% , , , ,88 100,00% ,35 100,00% 0,00% , , ,23 ABSOperations@vwfs.com page 19 / 24

20 VCL 15 Monthly Period: Monthly Investor Report Payment Date: in Arrears I. Base Interest Rate (1Month Euribor): 0,00118 in Arrears Reporting Period New Vehicles Used Vehicles Demonstration Vehicles in % of Delinquent Future Outstanding Discoun Outstanding Outstanding Outstanding Discounted Discounted Discounted ted Discounted Discounted Discounted by month Balance Balance Balance Poolbala Balance Balance Balance not overdue , ,44 0,09% , ,38 1month overdue , , ,34 0,87% , , ,43 2month overdue , , ,13 0,33% , , ,41 3month overdue , , ,68 0,23% , , ,80 4month overdue , , ,06 0,11% , , ,23 5month overdue , , ,58 0,09% , , ,24 6month overdue , , ,94 0,09% , , ,09 7month overdue , , ,49 0,08% , ,01 8month overdue , , ,63 0,06% , ,19 9month overdue , , ,57 0,04% , ,56 10month overdue , , ,63 0,01% , , ,87 > 10month overdue , , ,87 0,04% , , , ,36 2,03% , , ,01 by Status Delinquent , , ,53 1,34% Terminated , , ,36 0,56% , ,81 0,00% (Early) Settlements Not Paid in Full , ,66 0,13% , , ,36 2,03% in EUR in Arrears Only Delinquent Discounted Balance Monthly Period 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month > 6 Month ABSOperations@vwfs.com page 20 / 24

21 VCL 15 Monthly Period: März 13 Monthly Investor Report Payment Date: in Arrears II. to Base Interest Rate (1Month Euribor): 0,1180% in EUR in Arrears Outstanding Balance Monthly Period 0 not delinquent 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month > 6 Month Terminations Outstanding Balance at Period of Default Outstanding Balance at Current Period Terminated as of the Beginning of Period , ,13 Revocations , ,11 Settlements , ,47 New Terminations , ,14 (still) Terminated , ,22 Terminated as of the End of Period , ,36 ABSOperations@vwfs.com page 21 / 24

22 VCL 15 Monthly Investor Report Defaults/ Trigger Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: Base Interest Rate (1Month Euribor): ,00118 Cumulative Net Losses Amount of Default Defaulted registered in current Period 14 Cumulative Defaulted incl. current Period , ,56 Cumulative Net Loss Ratio as percentage of defaults divided by the Balance at Poolcut 0,05738% Losses by Type of Vehicle Current Period Losses Cumulative Losses Net Loss Amount Net Loss Amount New Vehicles , ,10 Used Vehicles 1 710, ,06 Demonstration Vehicles , , , ,56 0,00 Trigger Level 1a Credit Enhancement Increase Condition Level 1b Credit Enhancement Increase Condition Level 2 Credit Enhancement Increase Condition Cumulative Write Offs do not amount to 0,50% for any Payment Date before and incl. 06/2013 Cumulative Write Offs do not amount to 1,15% for any Payment Date between 07/2013 and incl. 03/2014 Cumulative Write Offs do not amount to 1,60% for any Payment Date no no no in % 2,00% 1,75% Cumulative Net Losses in percent of Initial Pool Cumulative Net Loss Ratio Level 1a/b Level 2 1,50% 1,25% 1,00% 0,75% 0,50% 0,25% 0,00% Monthly Period 0,00000% 0,00000% 0,00000% 0,00000% 0,00000% 0,00097% 0,00269% 0,00618% 0,01154% 0,01730% 0,02858% 0,03834% 0,05149% 0,05738% ABSOperations@vwfs.com page 22 / 24

23 VCL 15 Monthly Investor Report Reporting Date: Monthly Period: Payment Date: Period No.: Interest Accrual Period: March OnBalance Sheet Retention of Net Economic Interest Base Interest Rate (1Month Euribor): 0,1180% Retention Amount at Poolcut Type of Asset Portfolio sold to SPV Retention of VW Leasing Loans Percentage of Loans (%) 91,78% 8,22% 100,00% Outstanding Nominal Balance , , ,63 Percentage of Balance (%) 92,50% 7,50% 100,00% Retention Amounts Minimum Retention Actual Retention , ,39 5,00% 7,50% Retention Amount End of Reporting Period Type of Asset Portfolio sold to SPV Retention of VW Leasing Loans Percentage of Loans (%) 92,17% 7,83% 100,00% Outstanding Nominal Balance , , ,61 Percentage of Balance (%) 92,98% 7,02% 100,00% Retention Amounts Minimum Retention Actual Retention , ,83 5,00% 7,02% In its capacity as originator and original lender, complies with the retention requirements of a material net economic interest in accordance with 122a CRD. By adhering to option c) of the direction, Volkwagen Leasing GmbH will keep the exposures designated for retention on its balance sheet on an ongoing basis. The latest end of month level of retention will be published on a monthly basis within the Investor Report. ABSOperations@vwfs.com page 23 / 24

24 Reporting Date: Monthly Period: Reporting Date: VCL 15 Payment Date: Monthly Period: Monthly Investor Report Payment Date: Interest Accrual Period: to Interest Accrual Period: to Base Interest Rate (1Month Euribor): Base Interest Rate (1Month Euribor): Month of Recovery No. Month / Year of Loan Origination Month / Year of Default Original Principal Balance Outstanding Balance of Loan at Default Current Balance Rebate Month / Year of Loss Recovery from sale of Asset Unsecured Recovery Recovery Loss Amount Loss Percentage on Original Balance Loss Percentage Current Balance Geographical Location of Borrower Object Type (new / used/ demonstration Veh.) Manufacturer / Make Contract Type (lease) Distribution Channel Customer Type , ,00 44, , , ,75 8,7% 0,0% Hesse New VWN Lease Dealer Non Private 1.155,01 898, , ,00 277, , , ,88 11,8% 0,0% Saxony Used VWN Lease Dealer Non Private 3.842,96 352, , , , , , ,99 10,9% 0,0% NRW New Audi Lease Dealer Non Private (801,00) ,81 801, , ,00 126, , , ,42 9,0% 0,0% Bremen New Skoda Lease Dealer Non Private (990,00) 4.661, , ,00 305, ,42 317, , ,01 9,9% 0,0% NRW New Volkswagen Lease Dealer Non Private 317, ,42 317, , ,00 468, , , ,84 18,5% 0,0% NRW New Audi Lease Dealer Non Private (595,00) 6.323,67 595, , ,00 106, ,58 200, , ,53 5,2% 0,0% SchleswigHolstein New Audi Lease Dealer Non Private 2.749,58 200, , , , ,00 788,00 3,7% 25,0% Bremen New Skoda Lease Dealer Non Private 394,00 788,00 394,00 394,00 394,00 394,00 394,00 394, , ,00 429, , , ,97 11,1% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 609,00 (1.218,00) 5.957,32 609, , ,00 135, , , ,20 10,4% 0,0% SchleswigHolstein New Skoda Lease Dealer Non Private 1.492,75 645, , ,00 305, , , , ,83 5,3% 0,0% Hesse New Audi Lease Dealer Non Private 1.254, , , , ,00 317, , , ,38 9,0% 0,0% Bavaria New Audi Lease Dealer Non Private (900,00) 6.716, , ,00 539, ,20 618, , ,98 15,1% 0,0% NRW New Volkswagen Lease Dealer Non Private 618, , , , ,00 252, , , ,42 15,6% 0,0% SchleswigHolstein New Seat Lease Dealer Non Private 2.197,14 867, , , , ,00 449,00 2,1% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 327,00 327,00 327,00 327,00 327,00 327,00 327,00 327, , ,00 296, , , , ,68 10,9% 0,0% NRW New Skoda Lease Dealer Non Private 1.068, , , , ,00 176, , , ,97 10,0% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private (690,00) 5.006,09 690, , ,00 197, , , ,27 9,5% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 4.156, , , , , , , ,29 16,4% 0,0% Bavaria New Volkswagen Lease Dealer Non Private (544,00) ,07 544, , ,00 912, ,89 434, , ,99 17,6% 0,0% NRW New Volkswagen Lease Dealer Non Private 8.196,89 434, , ,00 398, , , ,90 9,7% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 4.273,62 948, , , , ,05 440, , ,70 16,7% 0,0% NRW New VWN Lease Dealer Non Private 440, ,05 440, , ,00 207, , , ,29 8,5% 0,0% SchleswigHolstein New Seat Lease Dealer Non Private 3.375,27 588, , ,00 305, , ,12 879,92 5,0% 0,0% SchleswigHolstein New Seat Lease Dealer Non Private 5.172,12 578, , ,00 394, , , ,09 13,7% 0,0% Hesse New VWN Lease Dealer Non Private 5.839,08 904, , ,00 253, , , ,31 8,6% 0,0% NRW New Skoda Lease Dealer Non Private 5.432,99 457, , ,75 92, ,29 40, , ,88 7,2% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 3.865,29 40, , ,00 40, , , ,63 712,33 2,2% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 1.701,50 850,75 850, ,27 12, , ,00 426, , , , ,49 5,2% 0,0% Bavaria New Audi Lease Dealer Non Private 1.210,00 605,00 605, ,09 31, , , , , , ,57 19,5% 0,0% NRW New Audi Lease Dealer Non Private (860,00) ,92 860, , ,00 463, ,21 325, , ,04 14,0% 0,0% BadenWuerttemberg New VWN Lease Dealer Non Private 207, ,21 325, , , , , , ,61 19,8% 0,0% RhinelandPalatinate New VWN Lease Dealer Non Private ,47 882, , ,00 798, , , ,26 11,6% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 8.960, , , , , , , ,58 11,6% 0,0% NRW New Audi Lease Dealer Non Private ,72 489, , ,00 220, , , ,06 14,1% 0,0% Hesse New Audi Lease Dealer Non Private 2.750,09 313, , ,00 394, , ,24 987,97 4,2% 0,0% BadenWuerttemberg New Seat Lease Dealer Non Private 5.778,24 682, , ,00 612, , , ,22 8,3% 0,0% Berlin New Audi Lease Dealer Non Private 8.517,92 972, , ,00 256, , , ,33 24,9% 0,0% NRW New Skoda Lease Dealer Non Private 2.479,26 532, , ,00 471, , , , ,40 8,3% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 850,00 850,00 (1.700,00) , , ,00 687, ,95 29, , ,61 8,4% 0,0% NRW New Volkswagen Lease Dealer Non Private 7.661,95 891, , ,00 400, , , ,32 12,6% 0,0% NRW New Skoda Lease Dealer Non Private 4.985,64 830, , ,00 725, , , ,77 12,2% 0,0% NRW New Volkswagen Lease Dealer Non Private 6.346,61 915, , ,00 167, , , ,26 10,6% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 3.125,89 926, , ,00 849, , , ,07 674,00 1,6% 0,0% Lower Saxony New Audi Lease Dealer Non Private , , ,00 410, , , , ,84 6,0% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private (654,00) , , ,00 622, , , ,24 10,5% 0,0% Berlin New Volkswagen Lease Dealer Non Private 7.141, , / ,12 374, , ,03 7,9% 0,0% Hesse New VWN Lease Dealer Non Private , ,00 449, , , ,91 11,4% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 4.496,19 201, , ,00 355, , , ,38 12,7% 0,0% Bavaria New Skoda Lease Dealer Non Private 2.898,76 423, , ,00 470, ,81 267, , ,22 9,3% 0,0% SchleswigHolstein New VWN Lease Dealer Non Private 5.179,81 585, , , , , , ,12 9,4% 0,0% NRW New Audi Lease Dealer Non Private ,15 838, , , , , , ,35 24,4% 0,0% Saxony New VWN Lease Dealer Non Private 5.876,14 771, , ,00 336, , , ,57 16,1% 0,0% NRW New Skoda Lease Dealer Non Private 3.671,53 291, , ,00 684, , , ,09 6,4% 0,0% NRW New Audi Lease Dealer Non Private 8.436, , , , , , , ,11 13,2% 0,0% Hesse New Audi Lease Dealer Non Private , , , ,00 855, , , ,11 16,0% 0,0% Saxony New VWN Lease Dealer Non Private 5.768,89 204, , ,00 461, , , ,99 7,8% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 7.641, , , , ,17 337, ,17 856,53 2,6% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 337, ,17 337, , ,00 515, ,62 (64,09) 8.919,53 366,53 1,3% 0,0% RhinelandPalatinate New Audi Lease Dealer Non Private 8.606,62 377,00 (64,09) / ,90 655, , ,04 11,9% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private / ,74 560, , ,91 15,5% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private , , , , ,00 3,3% 10,3% NRW New Volkswagen Lease Dealer Non Private 493,00 493,00 493,00 493,00 493,00 493, , ,00 301, ,14 960, , ,34 5,9% 0,0% Berlin New Audi Lease Dealer Non Private 960, , , , , , ,78 833, , ,53 9,9% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private ,78 833, , ,00 662, , , ,90 15,8% 0,0% Saxony New Skoda Lease Dealer Non Private 5.197, / ,59 688, ,48 280,46 1,4% 0,0% Hamburg New Volkswagen Lease Dealer Non Private , ,00 723, , , ,83 42,0% 0,0% Hesse New other Lease Dealer Non Private 3.414,78 393, , ,00 677, , , ,34 10,1% 0,0% Hesse New Audi Lease Dealer Non Private 7.573,23 990, , ,00 605, , , ,09 17,4% 0,0% BadenWuerttemberg Demonstration Veh. Skoda Lease Dealer Non Private 3.943,88 302, , , , ,77 140, ,77 315,00 1,2% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 315, ,77 455, , ,00 30, ,79 889, ,04 16,0% 0,0% Berlin Used VWN Lease Dealer Non Private 429,79 460, , ,00 472, ,00 13, , ,14 12,2% 0,0% SaxonyAnhalt New Skoda Lease Dealer Non Private 6.236,00 13, , , , ,00 820,00 3,2% 13,3% Bremen New Skoda Lease Dealer Non Private 410,00 820,00 410,00 410,00 410,00 410,00 410,00 410, , ,64 768, , , , ,11 9,5% 0,0% RhinelandPalatinate Demonstration Veh. Audi Lease Dealer Non Private 663,61 663, , , / ,05 503, , ,13 15,0% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private , , , ,00 794,00 3,3% 11,8% Bremen New Skoda Lease Dealer Non Private 397,00 794,00 397,00 397,00 397,00 397,00 397,00 397, , ,00 706, , , ,27 6,9% 0,0% Hamburg Demonstration Veh. Audi Lease Dealer Non Private (1.830,00) , , , , , , , ,93 15,9% 0,0% Hesse New Volkswagen Lease Dealer Non Private , , , ,00 657, , , ,05 14,7% 0,0% Lower Saxony New Audi Lease Dealer Non Private (835,00) ,49 835, , ,00 671, , , ,61 11,6% 0,0% Thuringia New VWN Lease Dealer Non Private 5.617,83 406, , , , , , ,36 801,01 1,5% 0,0% NRW New Audi Lease Dealer Non Private 630,00 630,00 630,00 630, , , , ,00 830, ,67 673, , ,68 17,3% 0,0% Lower Saxony New Audi Lease Dealer Non Private (561,00) 9.146, , , ,00 534, ,27 (781,27) 8.495,00 356,61 1,4% 0,0% NRW New Audi Lease Dealer Non Private 8.193,27 301, , ,00 343, , , ,09 6,0% 0,0% NRW New Volkswagen Lease Dealer Non Private 4.146,48 464, , , , , , ,18 14,0% 0,0% Bavaria New Volkswagen Lease Dealer Non Private , , ,00 861, , , ,62 17,4% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 9.471, , ,00 397, ,14 265, , ,65 13,0% 0,0% Hesse New Volkswagen Lease Dealer Non Private 216, ,14 265, , , , , , ,25 10,2% 0,0% NRW New Audi Lease Dealer Non Private , , , , , , , ,64 15,4% 0,0% Brandenburg New VWN Lease Dealer Non Private , , , , , , , ,38 19,2% 0,0% Bavaria New VWN Lease Dealer Non Private 7.407,55 756, , ,00 949, ,85 482, , ,05 6,3% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 482, ,85 964, , , , , , ,06 20,9% 0,0% SchleswigHolstein New Volkswagen Lease Dealer Non Private , , , , , ,27 802, , ,40 14,9% 0,0% NRW New Audi Lease Dealer Non Private 802, , , / ,92 525, , ,58 12,6% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private , ,36 538, , , ,46 12,4% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 6.438, , , ,00 691, , , ,89 26,0% 0,0% NRW New Audi Lease Dealer Non Private (836,00) 3.842,71 836, , ,00 816, , , ,32 14,3% 0,0% Hesse New Skoda Lease Dealer Non Private 8.714,69 952, , , , ,00 460,00 1,7% 3,7% NRW New VWN Lease Dealer Non Private 460,00 460,00 460,00 460, ,00 460,00 460,00 460,00 460, , , , ,00 399,00 1,5% 3,4% NRW New VWN Lease Dealer Non Private 399,00 399,00 399,00 399, ,00 399,00 399,00 399,00 399, , , , , , ,36 17,8% 0,0% NRW New VWN Lease Dealer Non Private , , , , ,00 399,00 1,5% 3,3% NRW New VWN Lease Dealer Non Private 399,00 399,00 399,00 399, ,00 399,00 399,00 399,00 399, , , , ,00 499,00 1,7% 3,6% NRW New VWN Lease Dealer Non Private 499,00 499,00 499,00 499, ,00 499,00 499,00 499,00 499, , ,00 273, , , ,26 8,7% 0,0% Hamburg New Audi Lease Dealer Non Private 3.859,33 626, , ,00 710, , , ,34 12,3% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 8.718,33 445, , ,76 925, ,53 83, , ,35 15,7% 0,0% Bavaria New Audi Lease Dealer Non Private 8.817, , , ,00 741, ,95 64, ,17 127,94 0,5% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 353, ,95 417, , ,00 587, , , ,55 23,1% 0,0% Berlin Used Volkswagen Lease Dealer Non Private (555,00) 5.647, , , , , ,00 3,2% 11,8% BadenWuerttemberg New Audi Lease Dealer Non Private 976, ,00 976, , ,00 937, ,57 546, , ,29 17,3% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 546, , , ,00 274, , , ,09 14,0% 0,0% BadenWuerttemberg Used Audi Lease Dealer Non Private (1.300,00) 6.270, , ,00 108, , , ,42 15,1% 0,0% Hamburg New Skoda Lease Dealer Non Private 1.555,78 392, / ,39 758, , ,74 8,0% 0,0% Bavaria New Volkswagen Lease Dealer Non Private , , , , , , ,45 24,9% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private , , / ,99 165, , ,23 10,7% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private / ,99 165, , ,28 12,5% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private , ,00 130, , , ,65 8,9% 0,0% Hamburg New Seat Lease Dealer Non Private 2.506,89 470, , ,00 130, , ,39 938,15 7,4% 0,0% Hamburg New Seat Lease Dealer Non Private 2.691,39 470, , ,00 113, , , ,40 12,6% 0,0% Hamburg New Seat Lease Dealer Non Private 1.662,53 360, , , , ,00 484,00 1,3% 3,2% NRW New VWN Lease Dealer Non Private 484,00 484,00 484,00 484, ,00 484,00 484,00 484,00 484, , , , , , , ,84 16,4% 0,0% SaxonyAnhalt New Audi Lease Dealer Non Private 2.062,00 (1.031,00) , , , ,00 680, , , ,46 15,0% 0,0% SchleswigHolstein New Volkswagen Lease Dealer Non Private 6.405,60 324, , ,00 668, , , ,19 15,8% 0,0% SchleswigHolstein New Volkswagen Lease Dealer Non Private 6.227,49 318, , ,00 138, , , ,59 12,4% 0,0% Hesse New Volkswagen Lease Dealer Non Private 1.540,60 432, , , , , , ,84 12,2% 0,0% Hesse New Volkswagen Lease Dealer Non Private , , , , , , ,67 28,4% 0,0% BadenWuerttemberg New VWN Lease Dealer Non Private 9.684,63 852, , , , , , ,52 4,7% 0,0% NRW New Audi Lease Dealer Non Private , , , , , ,00 440,00 3,5% 12,5% BadenWuerttemberg New VWN Lease Dealer Non Private 220,00 880,00 220, , ,00 329, ,43 68, ,26 975,26 7,5% 0,0% Thuringia New Volkswagen Lease Dealer Non Private 3.459,43 179,00 68, , , , , , ,29 16,2% 0,0% NRW New Audi Lease Dealer Non Private , , , , , , ,88 21,7% 0,0% SchleswigHolstein New VWN Lease Dealer Non Private 9.667, , , ,00 580, , , ,49 12,8% 0,0% Brandenburg New Skoda Lease Dealer Non Private 5.834, , , ,00 743, , , , ,52 4,2% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private (1.004,00) 8.135, , , ,00 370, , , ,14 9,5% 0,0% SchleswigHolstein Demonstration Veh. Audi Lease Dealer Non Private 4.344,12 588, Lease Level Data 0,1180% 0,1180% April March 13 ABSOperations@vwfs.com page 24 / 24