VCL 12. Monthly Investor Report. June 12

Transcription

1 Deal Name: VCL 12 Issuer: Originator of the Receivables: Seller of the Receivables: Sevicer of the Receivables: Reporting Entity: VCL MultiCompartment S.A. acting on behalf of its Compartment VCL avenue du X Septembre L2550 Luxembourg Luxembourg Tel.: +35 (2) Fax: +35 (2) Braunschweig, Germany originally purchased by VCL Master S.A. acting on behalf of ist Compartment 1 Dep. FRWABO Gifhorner Str Braunschweig Federal Republic of Germany Contact: phone + 49 (0) fax + 49 (0) ABSOperations@vwfs.com ABSOperations@vwfs.com page 1 / 19 VCL _06.xlsx

2 Contents Date: to (= 32 days) Base Interest Rate (1Month Euribor): 0,3790% Page Cover Contents Reporting Details Parties Overview Notes I. Notes II. CCA Events, Trigger & Ratings Swap Waterfall Amortisation Schedule Run Out Schedule I Run Out Schedule II neu Collections Pool Data neu Arrears neu Defaults & Losses Table of Contents ABSOperations@vwfs.com page 2 / 19 VCL _06.xlsx

3 Reporting Details Date: to (= 32 days) Base Interest Rate (1Month Euribor): 0,3790% CutOff Date/ Poolcut: Issue Date: Scheduled Repayment Date as of CutOff Date: Payment Date in June 2015 Legal Maturity Date: Payment Date in June 2016 Reporting Date: 16 th of each month (for previous month) 21 st of each month (for previous month) Collection Period: from to Interest Accrual Period from to Days Accrued: ( = 32 days) Note Payment Period: from to Days Accrued: ( = 32 days) ABSOperations@vwfs.com page 3 / 19 VCL _06.xlsx

4 Reporting Date: VCL 12 (= 32 days) Further Transaction Parties Base Interest Rate (1Month Euribor): 0,3790% Lead Manager: HSBC Bank plc Security Trustee/ Wilmington Trust SP 8 Canada Square Process Agent: Services (Frankfurt) GmbH London E14 5HQ Steinweg 35 United Kingdom Frankfurt am Main Germany Commerzbank AG fax +49 (0) Kaiserstr fradirectors@wilmingtontrust.com Frankfurt am Main Germany Data Protection Volkswagen Bank GmbH Trustee: Gifhorner Straße 57 InHouse Structuring: Volkswagen Financial Services AG Braunschweig Gifhorner Str. 57 Germany Braunschweig ABSOperations@vwfs.com Germany fax: +49 (0) abs.structuring@vwfs.com Clearing Systems: Clearstream Banking S.A. Paying Agent/ Deutsche Bank AG 42 Avenue JF Kennedy Calculation Agent/ Winchester House L1885 Luxembourg Interest Determination 1 Great Winchester St. Luxembourg Agent: London EC2N 2DB web@clearstream.com United Kingdom oliver.moran@db.com Euroclear Banking S.A./ N.V. 1 Boulevard du Roi Albert II. Account Bank: Deutsche Bank AG B1210 Brussels Winchester House Belgium 1 Great Winchester St. tel.: +32 (0) London EC2N 2DB United Kingdom dominyk.lavill@db.com Rating Agencies: Fitch Ratings Limited Attn.: Structured Finance Surveillance 4th Floor, 101 Finsbury Pavement London EC2A 1RS Swap Counterparty: Commerzbank AG United Kingdom Kaiserstr abssurveillance@fitchratings.com Frankfurt am Main Germany Standard & Poor's Ratings Group manuel.alvarez@commerzbank.com Attn.: Structured Finance Standard & Poor's Ratings Services Corporate Services: Wilmington Trust SP Services 20 Canada Square (Luxembourg) S.A. Canary Wharf 5254 avenue du X Septembre London E14 5LH L2550 Luxembourg United Kingdom Luxembourg ABSeuropeansurveillance@standardandpoors.com VCL@WilmingtonTrust.com fax: (+352) tel.: (+352) Servicer: Gifhorner Str Braunschweig Germany ABSOperations@vwfs.com fax + 49 (0) tel.: +49 (0) ABSOperations@vwfs.com page 4 / 19

5 Information regarding the Notes (I) Date: Base Interest Rate (1Month Euribor): to (= 32 days ) 0,3790% Rating Details (Fitch / S&P) Class A Rating at Issue Date Fitch AAA A+ Standard & Poors AAA A+ Current Rating Fitch AAA A+ Standard & Poors AAA A+ Class B Information on Notes Class A Class B ISIN XS XS Common Code Nominal Amount , ,000 Information on Interest Scheduled Repayment Date as of CutOff Date: Legal Maturity Date: Class A June 2015 June 2016 Class B June 2015 June 2016 Spread/ Margin 68 bps 150 bps Index Rate Fixed/Floating Current Coupon Day Count Convention 1MonthEuribor floating 1MEuribor + 68 bps actual/ 360 1MonthEuribor floating 1MEuribor bps actual/ 360 CleanUp Call will have the right at its option to exercise a CleanUp Call and to repurchase the Lease Receivables from VCL 12 at any time when the sum of the Discounted Lease Balances for all lease contracts is less than 9% of the sum of the Discounted Lease 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 / 19 VCL _06.xlsx

6 Information regarding the Notes (II) Date: Base Interest Rate (1Month Euribor): to (= 32 days ) 0,3790% Note Balance Initial Class Balance at Poolcut Class A ,00 Class B ,00 Class Balance as of the Beginning of the Period Unallocated Redemption Amount of the previous Period Available Redemption Amount for the Reporting Period Available Redemption Amount Redemption Amount per Note Redemption Amount per Class Unallocated Redemption Amount from current Period Class Balance as of the End of the Period 2, , , , , ,00 47, , , , ,23 0, ,02 Payments to Investors per EUR denomination Interest (1MEuribor + 68 bps Class A/ bps Class B) Principal Repayment Remaining Principal Amount Note Factor Class A 27, , ,96 0, Class B 69, , ,49 0, Unpaid Interest Unpaid Interest of Reporting Period Cumulative Unpaid Interest Class A 0,00 0,00 Class B 0,00 0,00 Overcollateralisation Initial OC Percentage at Poolcut Current OC Percentage Target OC Percentage Class A Class B 8,5007% 5,0054% 12,2500% 7,5000% 12,2500% 7,5000% ABSOperations@vwfs.com page 6 / 19 VCL _06.xlsx

7 Credit Enhancement Date: Base Interest Rate (1Month Euribor): to (= 32 days ) 0,3790% 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 of Original Balance 3,611% 1,000% 1,000% Calculation of Credit Enhancement VCL 12's Credit Enhancement consists of the listed items calculated on the Initial Discounted Lease Balance as of Poolcut. The result provides an absolute value which will be applied to the (amortizing) Discounted Lease Balance as of the end of the upcoming period. This process is continuing until an Overcollateralisation, as part of the Credit Enhancement, of 12,25% for Class A (7,5% for Class B) has been reached. The Class B Notes benefit from the Subordinated Loan, the Overcollateralisation and the Cash Collateral Account. The transaction starts with sequential amortisation and therefore initially only the Class A Notes will receive principal payments 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 revert to sequential in case the Aggregate Discounted Lease Balance falls below 10,00% of the Aggregate CutOff Date Discounted Lease Balance SetOff Risk No setoff risk is applicable in this transaction. ABSOperations@vwfs.com page 7 / 19 VCL _06.xlsx

8 Transaction Events, Trigger & Rating Overview Reporting Date: = days Base Interest Rate (1Month Euribor): 32 0,3790% CleanUp Call Condition Current Discounted Portfolio Min. Discounted Portfolio 27,70% 9,00% no Repurchase of Receivables Current Period Previous Periods Number of contracts Discounted Balance RePurchase Price 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 0,18315% Targeted Overcollateralisation Percentage Class A Class B Initial Poolcut 8,50% 5,01% Current OC Level 12,25% 7,50% 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. 01/2013 Cumulative Write Offs do not amount to 1,15% for any Payment Date between 02/2013 and incl. 10/2013 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 VCL 12 Account Bank: Deutsche Bank AG Long Term Short Term Outlook Long Long Term Short Term Outlook Term Current Rating * A+ F1+ Stable A2 P1 Stable n.a. n.a. n.a. A+ A1 Negative Minimum required Rating A F1 n.a. n.a. n.a. n.a. n.a. n.a. A1 (if no short term Rating available, the higher long term rating is applicable) Swap Counterparty: Commerzbank AG Short Term Outlook Long Term n.a. n.a. n.a. n.a. n.a. n.a. n.a. A+ n.a Short Term Required Rating: fulfilled Current Rating * A+ F1+ Stable A3 P2 Negative n.a. n.a. n.a. A A1 Negative Minimum required Rating A F1 n.a. n.a. n.a. n.a. n.a. n.a. A1 (if no short term Rating available, the higher long term rating is applicable) n.a. n.a. n.a. n.a. n.a. n.a. n.a. A+ n.a Required Rating: Servicer: fulfilled Current Rating * A3 P2 Positive n.a. n.a. n.a. A A2 Stable Minimum required Rating Fitch Moody's DBRS S&P If the Account Bank ceases to have the Account Bank Required Rating it shall, at its own cost, (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. If none of the measures is taken within a given timespan, the Issuer may enter into new banking arrangements at its own initiative with another Account Bank. (Please refer to the Prospectus for a complete description of the mechanism) 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 If the Swap Bank ceases to have the even lower Rating as an Eligible Swap Counterparty (Level II) it shall, at its own cost, additionlly (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 new arrangements at its own initiative with another Swap Bank. (Please refer to the Prospectus for a complete description of the mechanism) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. *Ratings last updated on 02/07/ Rating of Volkswagen Financial Services AG Outlook ABSOperations@vwfs.com page 8 / 19

9 Swap/ Waterfall Date: Base Interest Rate (1Month Euribor): to (= 32 days ) 0,3790% Amortising Interest Rate Swap between VCL 12 and Commerzbank Aktiengesellschaft, Frankfurt Initial Principal Underlying Principal for Reporting Period Class A , ,00 Class B , ,25 Paying Leg Receiving Leg Fix Interest Rate Floating Interest Rate Fix Interest Rate Floating Interest Rate Net Swap Payments / Net Swap Receipts , ,91 Waterfall Remaining Amount Remaining Amount from Previous Period 2,75 2,75 Net Swap Receipts Class A and Class B Available Distribution Amount plus 0,00 2, ,49 Taxes/ Fees less , ,48 Net Swap Payments Class A less / plus , ,42 Net Swap Payments Class B less / plus 2.874, ,51 Interest Class A less , ,51 Interest Class B less , ,18 Payment to Cash Collateral Account less 0, ,18 Redemption Class A less , ,18 Redemption Class B less 774.4, ,95 Remaining Amout Due to Rounding Other Payments to Swap Counterparties less less 48, ,82 0, ,82 Payment to VWL or Subordinated Lender less ,82 0,00 ABSOperations@vwfs.com page 9 / 19 VCL _06.xlsx

10 (Expected) Amortisation Profile Date: Base Interest Rate (1Month Euribor): to (= 32 days ) 0,3790% Balance in EUR Amortisation Profile Class ANotes ANotes Exp. Amo. ANotes Assuming a CleanUp Call at 9% of the initial outstanding, annual prepayments of 5% and 0% defaults Reporting Period 0 Balance in EUR Amortisation Profile Class BNotes BNotes Exp. Amo BNotes Assuming a CleanUp Call at 9% of the initial outstanding, annual prepayments of 5% and 0% defaults Reporting VCL 12 Period ABSOperations@vwfs.com page 10 / 19 VCL _06.xlsx

11 Run Out Schedule Date: Base Interest Rate (1Month Euribor): Juni 12 to (= 32 days) 0,3790% Monthly at the End of the current Monthly Period Period Monthly Instalment Interest Amortisation arrears , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,46 629, , ,06 209, , ,41 21, , , , ,12 page 11 / 19 VCL _06.xlsx

12 Reporting Date: VCL 12 Information Regarding the Lease Pool at the End of Monthly Period = days 32 Base Interest Rate (1Month Euribor): 0,3790% Lease Pool Type of Vehicles Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Number of Discounted Lease Number of Discounted Lease Number of Discounted Lease Number of Discounted Lease Balance in EUR Balance in EUR Balance in EUR Balance in EUR Initial Balance at Poolcut , , , ,13 at the Beginning of the Period , , , ,29 at the End of the Period , , , ,67 Status of the Type of Vehicles Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Number of Discounted Lease Number of Discounted Lease Number of Discounted Lease Number of Discounted Lease Balance in EUR Balance in EUR Balance in EUR Balance in EUR Current , , , ,08 Delinquent , , , ,71 Terminated , , , ,74 End of Term Paid in Full End of Term Not Paid in Full , , ,04 Early Settlement Paid in Full Early Settlement Not Paid in Full , , , ,14 WriteOff , , , ,67 Remaining Term of Type of Vehicles Poolcut Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Number of Discounted Lease Balance in EUR % of Remaining Contract Term Number of Discounted Lease Balance in EUR % of change in % Number of Discounted Lease Balance in EUR Number of Discounted Lease Balance in EUR Number of Discounted Lease Balance in EUR (Early) Settlements Not paid in full ,23 0,4% 0,4% , , , ,62 0,0% < ,04 15,5% 15,5% , , , ,81 2,9% ,40 30,3% 27,4% , , , ,18 3,4% ,14 10,9% 7,5% , , , ,45 13,3% ,37 18,1% 4,8% , , , ,85 26,5% ,79 18,0% 8,5% , , , ,87 23,1% ,42 4,3% 18,8% , , , ,15 14,3% ,73 2,4% 11,9% , , , ,78 12,9% ,0% 12,9% ,61 1,8% ,0% 1,8% ,34 1,2% ,0% 1,2% ,26 0,4% ,0% 0,4% ,0% ,0% 0,0% ,0% > 60 0,0% 0,0% ,92 100,0% ,12 100,0% 0,00% , , ,67 Poolcut Reporting Period Minimum Remaining Term in months 10 1 Maximum Remaining Term in months Weighted Average Remaining Term in months 31,66 13,97 Seasoning in months 7,67 29,05 Average Discounted Balance per Contract , ,41 ABSOperations@vwfs.com page 12 / 19

13 Early Settlements/ Collections Date: Base Interest Rate (1Month Euribor): to (= 32 days ) 0,3790% 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 203 > Cancellation of Early Settlements from Previous Periods > Repayment of Interests Due to Contract Settlement Settlements 203 Amount , , , , , , ,89 Monthly Collections (Principal + Interest) Monthly Instalments of the Monthly Period Thereof > Payments by Lessee (nominal) > Monthly Instalments not Paid by Lessee (nominal) Amount , , ,93 Early Settlements of the Monthly Period Thereof > Payments by Lessee/ Prepayments of the Monthly Period > Early Settlements not paid by Lessee/ Dealer Collections of Previous Periods Thereof > Late Payments/ Return Direct Debits by Lessee Current Prepayment Rate Collections of the Period , , , , ,19 4,51% ,09 ABSOperations@vwfs.com page 13 / 19 VCL _06.xlsx

14 Reporting Date: VCL 12 Information regarding the Lease Pool Remaining Pool Data = days 32 Base Interest Rate (1Month Euribor): 0,3790% Distribution of Lease by Lessee/ Contract Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Distribution of Lease by Lessee/ change in Discounted Balance Yet Due in EUR % of Contract Yet Due in EUR % of % Not Yet Due in EUR Yet Due in EUR Yet Due in EUR ,89 57,23% ,01 58,56% 1,33% , , , ,18 33,67% ,59 33,40% 0,27% , , , ,06 5,36% ,18 5,01% 0,34% , , , ,08 3,47% ,24 2,88% 0,59% , , , ,71 0,27% > ,10 0,15% 0,12% , ,92 100,00% ,12 100,00% 0,00% , , ,67 #NV Distribution of Lease by Discounted Amounts Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Yet Due in EUR % of Discounted Amount Yet Due in EUR % of change in % Discounted Balance Not Yet Due in EUR Yet Due in EUR Yet Due in EUR ,34 12,02% Up to Euro 7, ,92 73,73% 61,70% , , , ,24 14,46% Up to Euro 10, ,92 13,83% 0,63% , , , ,83 18,83% Up to Euro 12, ,54 6,26% 12,58% , , , ,37 16,90% Up to Euro 15, ,51 3,38% 13,52% , , , ,98 11,80% Up to Euro 17, ,58 1,67% 10,13% , , , ,09 7,96% Up to Euro 20, ,84 0,52% 7,44% , , ,46 9,32% Up to Euro 25, ,84 0,39% 8,93% , , ,92 4,80% Up to Euro 30, ,23 0,16% 4,64% , , ,53 1,99% Up to Euro 35, ,74 0,06% 1,93% , ,65 0,74% Up to Euro 40,000 0,00% 0,74% ,86 0,75% Up to Euro 50,000 0,00% 0,75% ,65 0,41% More th. Euro 50,000 0,00% 0,41% ,92 100,00% ,12 100,00% 0,00% , , ,67 Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Yet Due in EUR % of Rank Yet Due in EUR % of change in % Discounted Balance Not Yet Due in EUR Yet Due in EUR ,90 0,05% ,20 0,12% 0,07% , ,68 0,05% ,10 0,11% 0,06% , ,29 0,05% ,80 0,09% 0,04% , ,14 0,05% ,18 0,09% 0,04% , ,80 0,05% ,29 0,08% 0,03% , ,21 0,05% ,90 0,07% 0,02% , , ,64 0,05% ,12 0,07% 0,02% , ,49 0,05% ,76 0,07% 0,02% , ,86 0,05% ,51 0,07% 0,02% , ,13 0,05% ,74 0,07% 0,02% , ,98 0,25% ,04 0,32% 0,07% , ,32 0,25% ,94 0,30% 0,05% , ,44 1,00% ,58 1,46% 0,46% , ,33 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 ,59 35,26% Volkswagen Pkw ,28 33,84% 1,42% , , , ,90 15,78% Volkswagen Nutzfahrzeuge ,73 21,57% 5,79% , , , ,36 39,53% Audi ,06 34,17% 5,35% , , , ,79 1,88% Seat ,23 2,13% 0,25% , , , ,83 7,04% Skoda ,48 7,83% 0,79% , , , ,45 0,52% other makes ,34 0,46% 0,06% , , , ,92 100,00% ,12 100,00% 0,00% , , ,67 ABSOperations@vwfs.com page 14 / 19

15 Reporting Date: VCL 12 Information regarding the Lease Pool Remaining Pool Data = days 32 Base Interest Rate (1Month Euribor): 0,3790% Geographic Distribution of Lease Type of Vehicles Poolcut End of Reporting Period New Vehicles Used Vehicles Demonstration Vehicles Yet Due in EUR % of Federal State Yet Due in EUR % of change in % Discounted Balance Not Yet Due in EUR Yet Due in EUR Yet Due in EUR ,68 14,72% BadenWuerttemberg ,51 14,73% 0,01% , , , ,13 17,42% Bavaria ,19 16,66% 0,76% , , , ,21 2,70% Berlin ,98 2,70% 0,01% , , , ,24 2,08% Brandenburg ,08 2,35% 0,27% , , , ,80 0,95% Bremen ,78 0,98% 0,03% , , , ,66 3,04% Hamburg ,04 2,91% 0,14% , , , ,89 8,69% Hesse ,81 8,27% 0,42% , , , ,83 1,43% Mecklenburg Vorpommern ,26 1,65% 0,% , , , ,00 9,39% Lower Saxony ,06 9,68% 0,30% , , , ,86 21,90% North RhineWestphalia ,85 21,10% 0,80% , , , ,18 3,78% RhinelandPalatinate ,42 4,05% 0,27% , , , ,84 0,64% Saarland ,94 0,65% 0,01% , , , ,33 5,08% Saxony ,30 5,40% 0,32% , , , ,07 2,10% SaxonyAnhalt ,98 2,43% 0,34% , , , ,68 3,25% SchleswigHolstein ,46 3,35% 0,10% , , , ,52 2,82% Thuringia ,46 3,08% 0,26% , , , ,92 100,00% ,12 100,00% 0,00% , , ,67 Type of Vehicle Poolcut End of Reporting Period Discounted Amounts Not in % of Discounted Amounts in % of change in Yet Due Type of Vehicles Not Yet Due % ,45 92,83% New Vehicles ,84 93,92% 1,09% ,34 4,04% Used Vehicles ,61 3,12% 0,92% ,13 3,13% Demonstr. Vehicles ,67 2,96% 0,16% ,92 100,00% ,12 100,00% 0,00% 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 ,17 0,70% Agriculture/ Forestry ,25 0,84% 0,14% , , , ,51 1,56% Chemical Industry ,16 1,54% 0,03% , , , ,97 2,75% Communications and Information Transmission ,43 2,86% 0,10% , , , ,07 10,35% Construction ,83 12,12% 1,77% , , , ,60 2,42% Energy/ Mining ,96 2,74% 0,32% , , , ,23 4,61% Financial Services, Leasing and Housing ,33 4,56% 0,05% , , , ,40 1,66% Hotel and Restaurant Industry ,29 1,83% 0,17% , , , ,97 20,31% Manufacturing Industry ,05 20,00% 0,31% , , , ,32 18,87% Other Services ,08 18,02% 0,85% , , ,50 Public Administration, ,51 20,94% Education, Health Care, Public Serv ,35 20,46% 0,48% , , , ,48 15,19% Retail/ Wholesale ,14 14,09% 1,10% , , , ,68 0,51% Private ,47 0,56% 0,05% , , , ,01 0,12% other ,78 0,40% 0,28% , , , ,92 100,00% ,12 100,00% 0,00% , , ,67 ABSOperations@vwfs.com page 15 / 19

16 Reporting Date: VCL 12 in Arrears I. 32 Base Interest Rate (1Month Euribor): 0,3790% in Arrears Reporting Period New Vehicles Used Vehicles Demonstration Vehicles in % of Delinquent Future Discount Discounted Discounted Discounted ed Discounted Discounted Discounted by month Balance Balance Balance Poolbala Balance Balance Balance not overdue , ,02 0,13% , month overdue , , ,75 1,32% , , ,64 2month overdue , , ,08 0,49% , , ,37 3month overdue , , ,99 0,24% , , ,31 4month overdue , , ,63 0,27% , , ,15 5month overdue , , ,68 0,% , ,06 0 6month overdue , , ,50 0,12% , , ,14 7month overdue , , ,23 0,10% , , ,78 8month overdue , , ,98 0,07% , , ,77 9month overdue , , ,77 0,06% , , month overdue , , ,86 0,03% , , ,28 > 10month overdue , , ,74 0,% , , , , , ,23 3,27% , , ,59 by Status Delinquent , , ,01 2,09% Terminated , , ,99 0,77% (Early) Settlements Not Paid in Full , ,00 0,40% in EUR in Arrears Only Delinquent Discounted Balance Monthly Period 0 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month > 6 Month Reporting Date: VCL 12 Juni 12 in Arrears II. = days 32 Base Interest Rate (1Month Euribor): 0,3790% in EUR in Arrears Balance Monthly Period 0 not delinquent 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month > 6 Month Terminations Terminated as of the Beginning of Period Balance at Period of Default Balance at Current Period , ,00 Revocations , ,50 Settlements , , New Terminations , ,75 (still) Terminated , ,24 Terminated as of the End of Period , ,99 ABSOperations@vwfs.com page 16 / 19

17 0,00000% 0,00000% 0,00000% 0,00000% 0,00000% 0,00000% 0,00043% 0,00043% 0,00118% 0,003% 0,01281% 0,003% 0,03307% 0,04275% 0,04534% 0,07996% 0,09643% 0,11451% 0,12714% 0,14755% 0,17046% 0,17237% 0,18315% VCL 12 Defaults/ Trigger Reporting Date: to (= 32 days) Base Interest Rate (1Month Euribor): 0,3790% Cumulative Net Losses Amount of Default Defaulted registered in current Period 26 Cumulative Defaulted incl. current Period , ,10 Cumulative Net Loss Ratio as percentage of defaults divided by the Discounted Lease Balance at Poolcut 0,18315% Losses by Type of Vehicle Current Period Losses Cumulative Losses Number of Number of Net Loss Amount Net Loss Amount New Vehicles , ,29 Used Vehicles ,17 Demonstration Vehicles , , ,10 0,00 0,00 0,00 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. 12/2011 Cumulative Write Offs do not amount to 1,15% for any Payment Date between 01/2012 and incl. 09/2012 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 1 a/b Level 2 1,50% 1,25% 1,00% 0,75% VCL 12 0,50% 0,25% 0,00% Monthly Period ABSOperations@vwfs.com page 17 / 19

18 Reporting Date: VCL 12 to (= 32 days Base Interest Rate (1Month Euribor): Month of Recovery No. Month / Year of Loan Origination Month / Year of Default Original Principal Balance 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 ######## ######## 400, ,71 ######### , ,90 2,4% 0,0% Lower Saxony New Audi Lease Dealer Non Private (4.938,00) , , ######## 862, , ,00 862,00 3,5% 100,0% NRW New Volkswagen Lease Dealer Non Private 862,00 431,00 431,00 431,00 431,00 431,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 431,00 431, ######## 862, ######### ,00 862,00 3,5% 100,0% NRW New Volkswagen Lease Dealer Non Private 862,00 431,00 431,00 431,00 431,00 431,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 431,00 431, ######## 862, ######### ,00 862,00 3,5% 100,0% NRW New Volkswagen Lease Dealer Non Private 862,00 431,00 431,00 431,00 431,00 431,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 862,00 431,00 431, ######## 4.942,00 127, , , , 898,42 4,2% 0,0% Thuringia New Volkswagen Lease Dealer Non Private 6.991,70 133, , ,00 29, , , ,36 438,81 4,7% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 1.313,36 900,00 450, , ,00 29, , , ,76 467,61 5,0% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 805, ,00 450, , ,00 47, ,92 920, ,84 0,0% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 491, , , ,00 37, , , ,44 328,40 3,5% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 1.517, ,00 450, , ,00 29, , , ,36 438,81 4,7% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private (900,00) 2.213,36 900,00 450, , ,00 29, , , ,78 34,60 0,4% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 1.671, ,00 450, ######## 7.400,00 97, , , ,51 432,68 1,1% 0,0% BadenWuerttemberg New VWN Lease Dealer Non Private 9.554, , ######## 3.016,00 3, ,99 671, , ,44 7,0% 0,0% Bavaria New Volkswagen Lease Dealer Non Private (164,02) 1.508, ######## 5.544,00 198, , , , ,99 11,5% 0,0% Lower Saxony New VWN Lease Dealer Non Private 5.347, , ######## ######## 729, ,68 ######### , ,54 7,8% 0,0% Bavaria New Audi Lease Dealer Non Private , , ######## 5.082,00 152, ,69 484, , ,30 14,0% 0,0% Berlin New Volkswagen Lease Dealer Non Private 2.086,69 968, ######## 7.854,00 485, ,84 462, , ,68 11,2% 0,0% Berlin New Volkswagen Lease Dealer Non Private 4.980,84 924, ######## 9.405,00 274, , ,68 2,8% 0,0% Berlin New Volkswagen Lease Dealer Non Private , ,00 799, ######## 5.589,00 234, , , ,72 9,9% 0,0% Hesse New Volkswagen Lease Dealer Non Private 3.250,04 486, /. ######## 396, ,84./../ ,29 9,2% 0,0% Hamburg New VWN Lease Dealer Non Private ######## 4.293,00 62, , , , ,19 4,2% 0,0% NRW New VWN Lease Dealer Non Private 4.816,48 477, ######## 8.204,00 180, , , , ,21 10,1% 0,0% NRW New Volkswagen Lease Dealer Non Private 4.413, , ######## 6.923,00 290, , , , ,14 19,1% 0,0% Thuringia New VWN Lease Dealer Non Private 4.497,44 602, ######## 6.462,00 199, , , ,91 8,1% 0,0% Bremen New Volkswagen Lease Dealer Non Private 3.735,80 718, ######## ######## 783, ,19 ######### , ,06 6,5% 0,0% Hamburg New VWN Lease Dealer Non Private , , ######## 4.324,00 181, , , , ,17 12,3% 0,0% MV New Volkswagen Lease Dealer Non Private 1.694, , ######## ######## 854, , , ,43 12,2% 0,0% NRW New Seat Lease Dealer Non Private 6.658, , /. ######## 561, ,26./../ ,07 16,9% 0,0% Bavaria New VWN Lease Dealer Non Private ######## ######## 585, , , ,42 3,7% 0,0% NRW New Audi Lease Dealer Non Private (856,00) 9.063,84 856, ######## 7.600,00 314, , , , ,79 9,0% 0,0% Hamburg New Skoda Lease Dealer Non Private 4.8, , ######## 5.081,04 245, , , , ,47 13,2% 0,0% NRW New Skoda Lease Dealer Non Private (423,42) 5.537,50 846, ######## ######## 6, , , , ,94 9,7% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 7.823, , ######## ######## 304, , , , ,83 14,5% 0,0% NRW New Audi Lease Dealer Non Private 7.027, , ######## ######## 763, , , , ,87 20,8% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private , , ######## ######## 282, , , , ,12 7,4% 0,0% NRW New Audi Lease Dealer Non Private 7.272, , ######## 9.602,87 531, , , , ,07 11,1% 0,0% NRW New Volkswagen Lease Dealer Non Private , /. ######## 3.500, /../ ,00 3,3% 50,0% Saxony New Audi Lease Dealer Non Private ######## ######## 529, ,54 16, , ,06 5,0% 0,0% Hesse New Volkswagen Lease Dealer Non Private (1.000,00) 9.379, ,00 16, ######## ######## 2.124, ,39.899, ,46 16,5% 0,0% Saarland New Audi Lease Dealer Non Private (2.847,00).899, , ######## 7.714,00 141, , , ,14 865,64 3,0% 0,0% NRW New Audi Lease Dealer Non Private 9.032, , ######## 7.504,00 137, , , , ,89 9,2% 0,0% NRW New Audi Lease Dealer Non Private 7.281, , ######## ######## 666, ,97 23, , ,69 15,7% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 6.328, , ######## ######## 617, ,51, , ,18 14,3% 0,0% Bavaria New Volkswagen Lease Dealer Non Private (1.353,00) 7.337, , ######## ######## 1.170, ,02 20, , ,92 16,5% 0,0% Bavaria New Volkswagen Lease Dealer Non Private 9.998, , ######## 7.700,00 141, , , , ,33 13,3% 0,0% NRW New Volkswagen Lease Dealer Non Private 5.863, , ######## 2.775,00 78, , , ,50 823,12 6,7% 0,0% SchleswigHolstein New Volkswagen Lease Dealer Non Private 3.747, ######## ######## 680, ,94 588, , ,32 10,6% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 8.896, , ######## ######## 1.067, ,19 ######### , , 14,8% 0,0% SaxonyAnhalt Demonstration Veh. Audi Lease Dealer Non Private , , ######## ######## 234, , , , ,69 7,7% 0,0% NRW New Audi Lease Dealer Non Private , ######## ######## 716, ,11 640, , ,63 9,1% 0,0% Lower Saxony New VWN Lease Dealer Non Private 7.321, , ######## 3.588,00 91, , , ,40 432,94 2,2% 0,0% SchleswigHolstein New Seat Lease Dealer Non Private 6.126, ######## 9.472,00 6, ,05 592, , ,85 7,0% 0,0% Bremen New Audi Lease Dealer Non Private 6.816, , ######## 7.485, ######### ,64 250,18 0,9% 3,3% NRW New Audi Lease Dealer Non Private 499, ,00 998,00 998, ,64 998,00 998,00 998,00 998,00 998,00 998,00 499,00 499, /. ######## 96, ,25./../ ,48 13,0% 0,0% BadenWuerttemberg New Seat Lease Dealer Non Private , ,00, ,78 561, ,56 783,76 8,4% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private (244,44) 1.368, ######## ######## 515, , , , ,43 18,8% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private , ######## 8.535,00 206, , , , ,12 20,8% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private 3.170, , ######## ######## 607, , , , ,74 18,3% 0,0% Hamburg New VWN Lease Dealer Non Private , , ######## 5.493,44 124, , , , ,93 10,5% 0,0% NRW New VWN Lease Dealer Non Private (2.746,72) 7.518, , ######## 7.992,00 278, , , ,12 8,0% 0,0% NRW Used Volkswagen Lease Dealer Non Private 4.539, ######## 95, ######### ,72 371,00 2,7% 0,0% NRW New Skoda Lease Dealer Non Private 371,00 371,00 371,00 742,00 742,00 742,00 742,00 7.9, ######## 1.320, , ,00 660,00 3,0% 50,0% RhinelandPalatinate New Audi Lease Dealer Non Private 660,00 330,00 330,00 330,00 330,00 330,00 660,00 660,00 660,00 660,00 660,00 660,00 660,00 660,00 660,00 330,00 330, ######## ######## 251, , , , ,92 8,6% 0,0% NRW New Audi Lease Dealer Non Private , ######## 4.994,00 218, , , , ,55 24,1% 0,0% BadenWuerttemberg New VWN Lease Dealer Non Private 2.773, ######## 9.481,00 277, , , , ,18 4,6% 0,0% NRW New Volkswagen Lease Dealer Non Private , , ######## ######## 504, , , , ,10 21,1% 0,0% SchleswigHolstein New VWN Lease Dealer Non Private 6.620, , ######## 7.920,00 382, , , , ,42 12,4% 0,0% Bremen New VWN Lease Dealer Non Private 8.737, , ######## 4.876,32 110, , , , ,23 18,5% 0,0% NRW New VWN Lease Dealer Non Private 2.594,60 914, ######## 6.187,00 259, , , , ,26 16,2% 0,0% NRW New Volkswagen Lease Dealer Non Private 5.176,88 538, ######## 3.468,00 104, , , ,76 441,35 3,6% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 4.077, ,00 32, , ,00 82, , , ,20 371,74 4,0% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 3.623,72 912,00 483, ######## 3.141,00 58, , , ,92 832,77 5,6% 0,0% SaxonyAnhalt New VWN Lease Dealer Non Private 1.008, , ######## 5.235,00 147, ,03 698, , ,58 20,7% 0,0% BadenWuerttemberg New VWN Lease Dealer Non Private 1.681, , ######## 917, , , , ,79 13,0% 0,0% NRW New Audi Lease Dealer Non Private , , ######## ######## 564, , , , ,37 10,4% 0,0% Bavaria New Audi Lease Dealer Non Private 7.267, , ######## 5.130,00 158, , , , ,57 6,4% 0,0% Thuringia New VWN Lease Dealer Non Private (570,00) 8.236,34 138, ######## ######## 247, , , , ,33 14,3% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private 8.626, , ######## 4.886,00 107, , , , ,57 17,0% 0,0% Lower Saxony New VWN Lease Dealer Non Private 1.575, , , ,00 160, ,16 466, , ,91 15,9% 0,0% Saxony New Volkswagen Lease Dealer Non Private (456,00) 3.158,16 912,00 10, ######## 8.078,00 177, , , , ,52 18,5% 0,0% Saxony New VWN Lease Dealer Non Private 2.4, ,00 15, ######## 8.078,00 177, , , ,56 4.8,13 19,7% 0,0% Saxony New VWN Lease Dealer Non Private 2.493, ,00 15, ######## 6.816,00 154, , , , ,18 13,1% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private 9.548, ######## ######## 329, ,59 ######### , ,84 10,7% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private (4.752,00) , , ######## ######## 762, , , ,81 3,8% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private , ######## 9.008,00 273, , , , ,06 13,2% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 5.125, , ######## 8.602,00 413, , , ,52 9,3% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private (782,00) 6.099,53 782, ######## 5.012,00 75, ,55 119, , ,88 7,4% 0,0% Bavaria Used Volkswagen Lease Dealer Non Private 2.630,55 119, ######## 8.379,00 281, , , , ,27 12,6% 0,0% SaxonyAnhalt Used VWN Lease Dealer Non Private 5.672, , ######## 9.072,00 437, , , ,77 10,4% 0,0% MV New Volkswagen Lease Dealer Non Private 5.776,62 756, ######## 6.292,00 5, ,44 (0,00) 3.828, ,37 12,5% 0,0% Berlin New Volkswagen Lease Dealer Non Private (286,00) 4.114, ######## ######## 372, , , ,36 599,83 1,7% 0,0% Saarland New Audi Lease Dealer Non Private , , ######## 1.025, , , , ,79 11,5% 0,0% NRW New Audi Lease Dealer Non Private , , ######## ######## 864, , , , ,79 10,4% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private , , ######## 5.760,00 100, , , ,99 8,3% 0,0% MV New Volkswagen Lease Dealer Non Private 3.396,14 480, ######## ######## 182, , , , ,43 25,4% 0,0% NRW New VWN Lease Dealer Non Private 7.417, ,00 186, ######## ######## 692, , , , ,80 20,3% 0,0% NRW New VWN Lease Dealer Non Private , , ######## 8.811,00 597, , , ,45 12,8% 0,0% NRW New Volkswagen Lease Dealer Non Private 5.726, ######## ######## 1.034, , , , ,15 18,8% 0,0% NRW New Audi Lease Dealer Non Private (1.512,00) , ######## 7.308,00 303, ,95 696, , ,07 14,5% 0,0% NRW New Volkswagen Lease Dealer Non Private 3.565, , ######## 7.413,00 308, ,95 706, , ,71 13,2% 0,0% NRW New Volkswagen Lease Dealer Non Private 3.865, , ######## 3.582,00 125, , , , ,87 14,7% 0,0% NRW New Skoda Lease Dealer Non Private (597,00) 3.270, , ######## 8.480,00 135, , , ,62 560,75 2,1% 0,0% NRW New Volkswagen Lease Dealer Non Private 10.2,56, ######## 9.804,00 324, , , , ,52 14,0% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 8.918, , ######## 1.116, ######### , ,49 5,7% 127,7% Lower Saxony New Volkswagen Lease Dealer Non Private 3.348, , , , ,02 558,00 558, , ,00 4, ,69 2.0, , ,84 13,4% 0,0% BadenWuerttemberg New Skoda Lease Dealer Non Private 3.757,38 684, ######## ######## 405, , , , 5.452,64 14,3% 0,0% Saxony New Volkswagen Lease Dealer Non Private , 1.460, ######## ######## 533, , , , ,99 9,4% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private , , ######## 6.720,00 237, ,53 594, , ,80 4,2% 0,0% BadenWuerttemberg New Seat Lease Dealer Non Private 4.841, , ######## 6.660,00 234, , , ,08 999,00 4,3% 0,0% BadenWuerttemberg New Seat Lease Dealer Non Private (666,00) , , ######## 7.240,00 255, ,48 724, , ,09 8,0% 0,0% BadenWuerttemberg New Seat Lease Dealer Non Private 4.381, , ######## ######## 436, , , ,43 18,2% 0,0% Bavaria Used Volkswagen Lease Dealer Non Private 5.397, , ######## 6.370,00 192, , 4.772, 9.544, ,63 4,1% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private 6.814, , ######## ######## 702, , , ,73 5,0% 0,0% NRW New Audi Lease Dealer Non Private 8.372, , ######## ######## 1.678, ,66 ######### , ,73 19,8% 0,0% Bremen New Audi Lease Dealer Non Private , , ######## ######## 899, , , , ,71 11,2% 0,0% NRW New VWN Lease Dealer Non Private , , ######## 7.740,00 243, , , , ,00 6,6% 0,0% BadenWuerttemberg New Seat Lease Dealer Non Private ,38 685, ######## 6.320,00 175, , , , ,41 11,1% 0,0% Hesse New Volkswagen Lease Dealer Non Private (632,00) 7.794,34 632, /. ######## /../. 507,00 1,1% 0,0% Lower Saxony Used Volkswagen Lease Dealer Non Private ######## ######## 595, , , , ,16 12,4% 0,0% Bremen New Volkswagen Lease Dealer Non Private , , ######## ######## 673, , , , ,25 19,0% 0,0% Lower Saxony New VWN Lease Dealer Non Private , , ######## 6.931,58 428, , , ,59 18,1% 0,0% NRW New VWN Lease Dealer Non Private 4.201, ######## ######## 825, , , , ,24 24,4% 0,0% Brandenburg New VWN Lease Dealer Non Private 8.863, , ######## 4.921,00 203, ,24 777, , ,83 12,8% 0,0% Thuringia New VWN Lease Dealer Non Private 2.144, , ######## 3.576,00 76, , , ,48 714,83 4,9% 0,0% Bavaria Demonstration Veh. VWN Lease Dealer Non Private 4.377, , ######## 5.505,00 94, , , , ,61 7,8% 0,0% SchleswigHolstein New VWN Lease Dealer Non Private 5.014,56 734, ######## 4.895,24 126, , ,26 621,23 4,4% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private 3.447,94 699, ######## 8.138,52 433, , , ,09 19,0% 0,0% RhinelandPalatinate Used Volkswagen Lease Dealer Non Private 4.691, ######## 5.929,00 90, , , , ,41 6,1% 0,0% Thuringia New VWN Lease Dealer Non Private (2.156,00) 7.993, ######## 8.400,00 323, , , , ,86 18,3% 0,0% BadenWuerttemberg New VWN Lease Dealer Non Private 7.318,50 672,00 336, ######## 6.258, ######### ,28 785,86 3,1% 12,6% NRW New Volkswagen Lease Dealer Non Private 894,00 894,00 894, ,28 894,00 894,00 894,00 894,00 447,00 447, ######## ######## 807, , , ,35 16,7% 0,0% Lower Saxony Used Audi Lease Dealer Non Private 7.107, ######## ######## 1.142, , , ,66 18,0% 0,0% Hesse New Audi Lease Dealer Non Private 9.953, , , ,00 38, , , ,36 959,94 10,2% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 739,36 912,00 456, ######## ######## 1.562, , , ,56 34,0% 0,0% RhinelandPalatinate New VWN Lease Dealer Non Private 7.386, , ######## 6.105,78 239, , , , ,18 15,9% 0,0% Berlin New Seat Lease Dealer Non Private 4.559,26 904, ######## 7.087,00 234, , , ,26 957,57 4,8% 0,0% Saxony New Volkswagen Lease Dealer Non Private , , ######## 4.059,00 133, ,42 369, ,42 917,81 6,1% 0,0% Lower Saxony New VWN Lease Dealer Non Private 2.269, , ######## 6.720,00 177, , , , ,75 12,8% 0,0% NRW New Volkswagen Lease Dealer Non Private 7.135,46 32, ######## 5.880,00 190, , , , ,25 6,6% 0,0% Lower Saxony New Skoda Lease Dealer Non Private 8.500, ######## 6.110,00 144, , , , ,68 5,2% 0,0% NRW New Audi Lease Dealer Non Private 5.999, , ######## 3.208,00 39, , , ,97 445,02 2,4% 0,0% SchleswigHolstein New Volkswagen Lease Dealer Non Private 1.188, ,00 524, ######## ######## 1.107, , , , ,05 17,8% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private , , ######## 9.913,00 239, , , , ,21 14,5% 0,0% SaxonyAnhalt New Volkswagen Lease Dealer Non Private 4.744, , ######## 2.325, , ,00 465,00 2,0% 20,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 930,00 930,00 930, ,00 930,00 465,00 465, ######## 2.325, , ,00 465,00 2,0% 20,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 930,00 930,00 930, ,00 930,00 465,00 465, ######## 9.300,00 292, , , , ,53 11,4% 0,0% BadenWuerttemberg New Volkswagen Lease Dealer Non Private , ######## ######## 1.191, , , ,88 18,4% 0,0% NRW Demonstration Veh. Audi Lease Dealer Non Private , ######## 5.292,00 159, , , , ,53 6,5% 0,0% NRW New Skoda Lease Dealer Non Private 7.753, ######## 5.320,00 160, , , , ,86 7,8% 0,0% NRW New Skoda Lease Dealer Non Private 7.191, ######## ######## 525, ,61 #########.609, 2.324,73 5,1% 0,0% NRW Demonstration Veh. Audi Lease Dealer Non Private (1.490,00) , 2.980, ######## 4.278,00 179, , , , ,91 10,2% 0,0% NRW New Volkswagen Lease Dealer Non Private 3.695,60 372, ######## ######## 2.119, , ,00.918, ,15 17,9% 0,0% BadenWuerttemberg New Audi Lease Dealer Non Private , , ######## ######## 418, , , , ,69 12,1% 0,0% Hesse New VWN Lease Dealer Non Private , , ######## 8.560,00 301, , , , ,59 13,2% 0,0% NRW New Volkswagen Lease Dealer Non Private 9.804,78 86, /. ######## 482, ,44./../ ,79 8,3% 0,0% NRW Used Volkswagen Lease Dealer Non Private /. ######## 494, ,20./../ ,00 17,3% 0,0% NRW New Seat Lease Dealer Non Private ######## ######## 708, , , , ,19 11,1% 0,0% NRW Demonstration Veh. Skoda Lease Dealer Non Private , , ######## 4.473, , ,00 213,00 1,3% 4,8% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 426,00 426,00 426,00 426,00 213,00 213, ######## 4.473, , ,00 213,00 1,3% 4,8% BadenWuerttemberg New Volkswagen Lease Dealer Non Private 426,00 426,00 426,00 426,00 213,00 213, ######## 4.101,50 173, , , , ,89 12,0% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private 4.375,74 328, ######## 6.860,00 494, , , , ,15 18,3% 0,0% Hamburg New VWN Lease Dealer Non Private 7.532,64 505, ######## 6.860,00 494, , , , ,61 20,4% 0,0% Hamburg New VWN Lease Dealer Non Private 6.957,72 505, ######## ######## 241, , , , ,64 9,8% 0,0% NRW Used Volkswagen Lease Dealer Non Private , ######## 6.4,00 189, , , ,71 14,7% 0,0% Lower Saxony New Volkswagen Lease Dealer Non Private 3.480, ######## 5.0,00 319, ,76 162, , ,24 13,8% 0,0% Lower Saxony New Skoda Lease Dealer Non Private 3.026,76 324, ######## ######## 799, , , ,60 14,1% 0,0% Lower Saxony New Skoda Lease Dealer Non Private 6.872, ######## 6.578,00 155, , , ,79 6,0% 0,0% NRW New VWN Lease Dealer Non Private (1.518,00) 4.927, , ######## 7.875,00 295, , , , ,41 13,5% 0,0% NRW Used VWN Lease Dealer Non Private (750,00) ,62 44, ######## ######## 1.491, , , , ,05,7% 0,0% Bavaria New VWN Lease Dealer Non Private , , /. ######## 665, ,97./../ ,53 18,6% 0,0% NRW Demonstration Veh. VWN Lease Dealer Non Private ######## ######## 737, , , , ,70 14,5% 0,0% NRW New VWN Lease Dealer Non Private , ######## 2.840,00 10, , , , 1.733,85 12,3% 0,0% Lower Saxony Used Volkswagen Lease Dealer Non Private (142,60) 2.334, ######## 5.955,00 83, , , , 1.038,97 5,7% 0,0% SchleswigHolstein New Volkswagen Lease Dealer Non Private 4.192, , ######## , , ,00 8,7% 0,0% Hamburg New Volkswagen Lease Dealer Non Private 794,00 794,00 794, ,00 794,00 794,00 794, ######## 8.670,00 606, ,37 510, , ,97,8% 0,0% NRW New VWN Lease Dealer Non Private 3.943, , ######## 5.976,00 140, , , ,90 933,35 5,2% 0,0% Saxony New Volkswagen Lease Dealer Non Private 5.156,90 664, ######## ######## 1.236, ,45 ######### , ,87 13,5% 0,0% NRW New Audi Lease Dealer Non Private , , ######## 3.335,00 80, , , , ,05 15,8% 0,0% Hamburg New Volkswagen Lease Dealer Non Private 2.748,92 580, ######## 3.335,00 80, , , , ,42 14,0% 0,0% Hamburg New Volkswagen Lease Dealer Non Private 3.108,18 580, ######## 3.335,00 80, ,90 843, , ,61 23,9% 0,0% Hamburg New Volkswagen Lease Dealer Non Private 1.107,80 580,00 July 12 Lease Level Data 0,3790% ABSOperations@vwfs.com page 18 / 19