<assetdata>
 <!--Exhibit 103-->
 <!--Asset Related Document-->
 <!--This asset related document provides narrative to explain the asset-level data reported in Exhibit 102 to the Form ABS-EE to which this asset related document is attached as an exhibit (such data, the "Asset-Level Data").  Additional explanatory narrative has also been included in the prospectus (the "Prospectus") for the securities issued by BMW Vehicle Lease Trust 2018-1 (the "Issuing Entity").  You should read this asset related document and the Prospectus completely to understand the asset-level data and how it may differ from similar data appearing in the Prospectus.-->
 <!--References to "Items" in the Explanatory Narrative below are references to specific asset level data items listed in 17 CFR 229.1125 (Item 1125 of Regulation AB) Schedule AL - Asset-Level Information.  Capitalized terms used in the Explanatory Narrative below and not otherwise defined in this asset related document have the meanings assigned to such terms in the Prospectus.-->
 <!--The Asset-Level Data does not include Specified Leases and Specified Vehicles reallocated from the 2018-1 SUBI in prior reporting periods.-->
 <!--Explanatory Narrative-->
 <!--Item 4(c)(4) - Original Lease Term.  Reported value is the number of calendar months from and including the calendar month of the Item 4(c)(2) - Origination Date, through and including the calendar month of the maturity date of the related Specified Lease at origination.  A partial calendar month (even one day) is reported as one month for this purpose.-->
 <!--Item 4(c)(5) - Scheduled Termination Date.  Reported value is the calendar month and year in which the final lease payment is scheduled to be made, after giving effect to any extensions, due date changes and bankruptcy-related repayment plans.-->
 <!--Item 4(c)(7) - Underwriting Indicator.  Reported value is "true" for any Receivable in respect of which the credit application for the related Specified Lease was automatically approved, as described in the Prospectus.-->
 <!--Item 4(c)(10) - Subvented.  Reported value is "0" for Specified Leases in respect of which there is no rate or finance charge subvention, there is no residual subvention, and the related Lessee did not receive a cash rebate that was applied as a down payment on the purchase price of the related Financed Vehicle (a "Cash Rebate").  Reported value is "1" for Specified Leases in respect of which there is rate or finance charge subvention, there is no residual subvention, and the related Lessee did not receive a Cash Rebate.  Reported value is "2" for Specified Leases in respect of which there is residual subvention, there is no rate or finance charge subvention, and the related Lessee did not receive a Cash Rebate.  Reported value is "98" for Specified Leases in respect of which: (i) there is no rate or finance charge subvention, there is no residual subvention and the related Lessee received a Cash Rebate; (ii) there is rate or finance charge subvention and there is residual subvention; or (iii) the related Lessee received a Cash Rebate and there is either or both of (x) rate or finance charge subvention and (y) residual subvention.-->
 <!--Item 4(e)(6) - Payment-to-Income Ratio.  Reported ratio has been calculated consistent with the description of such ratio contained in the Prospectus.  The ratio will be omitted for Specified Leases in respect of which sufficient information is unavailable for the purpose of calculating the related payment-to-income ratio.-->
 <!--Item 4(f)(4) - Servicing Advance Method.  Reported value is "1" for Specified Leases in respect of which no servicing advance has been made in the related reporting period.  Reported value is "4" for Specified Leases in respect of which a servicing advance has been made in the related reporting period.-->
 <!--Item 4(f)(7) - Next Reporting Period Payment Amount Due.  Reported amount represents the total amount of lease payments due in respect of the Specified Lease in the next reporting period.  Reported amount excludes fees and sales tax that may be due in respect of such Specified Lease.-->
 <!--Item 4(f)(12) - Reporting Period Ending Actual Balance.  Reported amount represents the aggregate amount of outstanding Monthly Payments in respect of the Specified Lease as of the end of the reporting period.-->
 <!--Item 4(f)(14) - Total Actual Amount Paid.  Reported amount represents the actual amount received in respect of the related Specified Lease during the related reporting period, excluding any related pull-ahead amounts received.-->
 <!--Item 4(f)(15) - Actual Other Amounts Collected.  Reported amount includes late fees and other charges collected in respect of the Specified Lease during the reporting period, and includes amounts retained by the Servicer and not included in Available Funds for the related reporting period.-->
 <!--Item 4(f)(19)(ii) - Zero Balance Code.  Reported value is "99" for Specified Leases in respect of which the related lease balance has not been reduced to zero.-->
</assetdata>
