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Nissan Auto Lease Trust 2024-A

10/24/2025 | Press release | Distributed by Public on 10/24/2025 12:45

Asset-Backed Issuer Distribution Report (Form 10-D)

NISSAN AUTO LEASE TRUST 2024-A

Servicer Report


Collection Period Start	1-Sep-25	Distribution Date	15-Oct-25
Collection Period End	30-Sep-25	30/360 Days	30
Beg. of Interest Period	15-Sep-25	Actual/360 Days	30
End of Interest Period	15-Oct-25


SUMMARY

	Coupon Rate			Initial Balance		Beginning Balance		Ending Balance		Pool Factor
Total Portfolio					1,560,158,172.56		970,249,075.19		921,527,615.89		0.5906629
Total Securities					1,560,158,172.56		970,249,075.19		921,527,615.89		0.5906629
Class A-1 Notes		5.502000	%		150,000,000.00		0.00		0.00		0.0000000
Class A-2a Notes		5.110000	%		262,000,000.00		42,045,451.32		17,684,721.67		0.0674989
Class A-2b Notes		4.872080	%		262,000,000.00		42,045,451.32		17,684,721.67		0.0674989
Class A-3 Notes		4.910000	%		460,000,000.00		460,000,000.00		460,000,000.00		1.0000000
Class A-4 Notes		4.970000	%		75,120,000.00		75,120,000.00		75,120,000.00		1.0000000
Certificates		0.000000	%		351,038,172.56		351,038,172.56		351,038,172.56		1.0000000

	Principal Payment Due			Interest Payment		Principal per $1000 Face Amount		Interest per $1000 Face Amount
Class A-1 Notes		0.00			0.00		0.0000000		0.0000000
Class A-2a Notes		24,360,729.65			179,043.55		92.9798842		0.6833723
Class A-2b Notes		24,360,729.65			170,707.34		92.9798842		0.6515547
Class A-3 Notes		0.00			1,882,166.67		0.0000000		4.0916667
Class A-4 Notes		0.00			311,122.00		0.0000000		4.1416667
Certificates		0.00			0.00		0.0000000		0.0000000
Total Securities		48,721,459.30			2,543,039.56


I. COLLECTIONS

Lease Payments: ( Lease Series Assets)
Monthly Principal														10,799,118.92
Monthly Interest														8,826,644.60

Total Monthly Payments														19,625,763.52
Interest Rate Cap Payments														0.00
Advances:
Aggregate Monthly Payment Advances														601,564.81
Aggregate Sales Proceeds Advance														15,924,077.09

Total Advances														16,525,641.90
Vehicle Disposition Proceeds:
Repurchase Payments														0.00
Recoveries														0.00
Net Liquidation Proceeds (includes Reallocation Payments and Net Auction Proceeds)														29,891,745.34
Excess Wear and Tear and Excess Mileage														131,806.34
Remaining Payoffs														0.00
Net Insurance Proceeds														1,562,835.93
Residual Value Surplus														1,047,683.01

Total Collections														68,785,476.04

Vehicle Disposition Activity for the current month - Terminated and Sold (included in Vehicle Disposition Proceeds)				Reallocation Payments and Net Auction Proceeds			Net Insurance Sales			Lease Payoffs			Count
Early Termination					12,696,372.00									561
Involuntary Repossession					525,232.00									22
Voluntary Repossession					347,783.00									13
Full Termination					1,669,070.52									62
Bankruptcty					-									-
Insurance Payoff								1,544,590.12						60
Customer Payoff											605,696.86			24
Grounding Dealer Payoff											13,496,685.69			508
Dealer Purchase											88,667.76			2

Total					15,238,457.52			1,544,590.12			14,191,050.31			1,252

II. COLLATERAL POOL BALANCE DATA

	Number			Book Amount			Discount Rate			Securitization Value
Pool Balance - Beginning of Period		39,205			1,168,403,082.24			7.00000	%		970,249,075.19
Total Depreciation Received					(10,954,404.81	)					(13,756,013.93	)
Principal Amount of Gross Losses		(94	)		(2,664,761.91	)					(2,234,853.04	)
Repurchase / Reallocation		0			0.00						0.00
Early Terminations		(752	)		(19,592,594.96	)					(15,759,923.59	)
Scheduled Terminations		(777	)		(20,206,959.39	)					(16,970,668.74	)

Pool Balance - End of Period		37,582			1,114,984,361.17						921,527,615.89
Remaining Pool Balance
Lease Payment											164,565,518.76
Residual Value											756,962,097.13

Total											921,527,615.89


III. DISTRIBUTIONS

Total Collections			68,785,476.04
Reserve Amounts Available for Distribution			0.00

Total Available for Distribution			68,785,476.04
1. Amounts due Indenture Trustee as Compensation or Indemnity			0.00
2. Reimbursement of Payment Advance			821,671.55
3. Reimbursement of Sales Proceeds Advance			8,696,261.19
4. Servicing Fee:
Servicing Fee Due			808,540.90
Servicing Fee Paid			808,540.90
Servicing Fee Shortfall			0.00

Total Trustee, Advances and Servicing Fee Paid			10,326,473.64

NISSAN AUTO LEASE TRUST 2024-A

Servicer Report


5. Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Interest Carryover Shortfall			0.00
Class A-1 Notes Interest on Interest Carryover Shortfall			0.00
Class A-1 Notes Monthly Available Interest Distribution Amount			0.00
Class A-1 Notes Monthly Interest Paid			0.00
Chg in Class A-1 Notes Int. Carryover Shortfall			0.00
Class A-2a Notes Monthly Interest
Class A-2a Notes Interest Carryover Shortfall			0.00
Class A-2a Notes Interest on Interest Carryover Shortfall			0.00
Class A-2a Notes Monthly Available Interest Distribution Amount			179,043.55
Class A-2a Notes Monthly Interest Paid			179,043.55
Chg in Class A-2a Notes Int. Carryover Shortfall			0.00
Class A-2b Notes Monthly Interest
Class A-2b Notes Interest Carryover Shortfall			0.00
Class A-2b Notes Interest on Interest Carryover Shortfall			0.00
Class A-2b Notes Monthly Available Interest Distribution Amount			170,707.34
Class A-2b Notes Monthly Interest Paid			170,707.34
Chg in Class A-2b Notes Int. Carryover Shortfall			0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Interest Carryover Shortfall			0.00
Class A-3 Notes Interest on Interest Carryover Shortfall			0.00
Class A-3 Notes Monthly Available Interest Distribution Amount			1,882,166.67
Class A-3 Notes Monthly Interest Paid			1,882,166.67
Chg in Class A-3 Notes Int. Carryover Shortfall			0.00
Class A-4 Monthly Interest
Class A-4 Notes Interest Carryover Shortfall			0.00
Class A-4 Notes Interest on Interest Carryover Shortfall			0.00
Class A-4 Notes Monthly Available Interest Distribution Amount			311,122.00
Class A-4 Notes Monthly Interest Paid			311,122.00
Chg in Class A-4 Notes Int. Carryover Shortfall			0.00
Certificate Monthly Interest
Certificate Interest Carryover Shortfall			0.00
Certificate Interest on Interest Carryover Shortfall			0.00
Certificate Monthly Available Interest Distribution Amount			0.00
Certificate Monthly Interest Paid			0.00
Chg in Certificate Int. Carryover Shortfall			0.00
Total Note and Certificate Monthly Interest
Total Note and Certificate Monthly Interest Due			2,543,039.56
Total Note and Certificate Monthly Interest Paid			2,543,039.56
Total Note and Certificate Interest Carryover Shortfall			0.00
Chg in Total Note and Certificate Int. Carryover Shortfall			0.00
Total Available for Principal Distribution			55,915,962.84
6. Total Monthly Principal Paid on the Notes
Total Monthly Principal Paid on the Class A Notes			48,721,459.30
Total Class A Noteholders' Principal Carryover Shortfall			0.00
Total Class A Noteholders' Principal Distributable Amount			48,721,459.30
Chg in Total Class A Noteholders' Principal Carryover Shortfall			0.00
7. Total Monthly Principal Paid on the Certificates			0.00
Total Certificateholders' Principal Carryover Shortfall			0.00
Total Certificateholders' Principal Distributable Amount			0.00
Chg in Total Certificateholders' Principal Carryover Shortfall			0.00
Remaining Available Collections			7,194,503.54


IV. RESERVE ACCOUNT

Initial Reserve Account Amount			6,240,632.69
Required Reserve Account Amount			10,141,028.12
Beginning Reserve Account Balance			10,141,028.12
Additional Cash Infusion			0.00
Reinvestment Income for the Period			0.00
Reserve Fund Available for Distribution			10,141,028.12
Reserve Fund Draw Amount			0.00
Deposit of Remaining Available Collections			7,194,503.54
Gross Reserve Account Balance			17,335,531.66
Remaining Available Collections Released to Seller			7,194,503.54
Total Ending Reserve Account Balance			10,141,028.12

NISSAN AUTO LEASE TRUST 2024-A

Servicer Report



V. POOL STATISTICS

Weighted Average Remaining Maturity								8.97
Monthly Prepayment Speed								89	%
Lifetime Prepayment Speed								52	%

				$			units
Recoveries of Defaulted and Casualty Receivables					2,483,957.10
Securitization Value of Defaulted Receivables and Casualty Receivables					2,234,853.04			94
Aggregate Defaulted and Casualty Gain (Loss)					249,104.06
Pool Balance at Beginning of Collection Period					970,249,075.19
Net Loss Ratio
Current Collection Period					0.0257	%
Preceding Collection Period					-0.0443	%
Second Preceding Collection Period					-0.0213	%
Third Preceding Collection Period					0.0201	%
Cumulative Net Losses for all Periods					0.3223	%		5,028,719.01

	% of BOP Pool Balance			Amount			Number
Delinquent Receivables:
31-60 Days Delinquent		0.94	%		9,077,393.10			356
61-90 Days Delinquent		0.22	%		2,123,465.45			84
91-120 Days Delinquent		0.11	%		1,051,218.27			39
More than 120 Days		0.02	%		158,549.79			7

Total Delinquent Receivables:		1.28	%		12,410,626.61			486

				Amount			Number
61+ Days Delinquencies as Percentage of Receivables
Current Collection Period					0.34	%		0.33	%
Preceding Collection Period					0.40	%		0.39	%
Second Preceding Collection Period					0.30	%		0.30	%
Third Preceding Collection Period					0.27	%		0.26	%
60 Day Delinquent Receivables					3,831,635.41
Delinquency Percentage					0.39	%
Delinquency Trigger					4.40	%
Does the Delinquency Percentage exceed the Delinquency Trigger?					No

				$			units
Aggregate Sales Performance of Auctioned Vehicles
Sales Proceeds					14,365,442.52			623
Securitization Value					13,617,025.96			623

Aggregate Residual Value Surplus (Loss)					748,416.56

				$			units
Cumulative Sales Performance of Auctioned Vehicles
Cumulative Sales Proceeds					111,250,414.82			4,447
Cumulative Securitization Value					110,019,560.68			4,447

Cumulative Residual Value Surplus (Loss)					1,230,854.14


VI. RECONCILIATION OF ADVANCES

Beginning Balance of Residual Advance								11,747,409.07
Reimbursement of Outstanding Advance								8,696,261.19
Additional Advances for current period								15,924,077.09

Ending Balance of Residual Advance								18,975,224.97

Beginning Balance of Payment Advance								2,176,150.98
Reimbursement of Outstanding Payment Advance								821,671.55
Additional Payment Advances for current period								601,564.81

Ending Balance of Payment Advance								1,956,044.24



VII. STATEMENTS TO NOTEHOLDERS

1. Has there been any material change in practices with respect to charge-offs, collection and management of delinquent Leases, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience?							NO

2. Have there been any material modifications, extensions or waivers to Lease terms, fees, penalties or payments during the Collection Period?							NO

3. Have there been any material breaches of representations, warranties or covenants contained in the Leases?							NO

4. Has there been any new issuance of notes or other securities backed by the Series Assets Assets?							NO

5. Has there been any material additions, removals or substitutions of Series Assets Assets, or repurchases of Series Assets Assets?							NO

6. Has there been any material change in the underwriting, origination or acquisition of Leases?							NO

VIII. CREDIT RISK RETENTION

On the Closing Date, Nissan Auto Leasing LLC II, the depositor, an affiliate of Nissan Motor Acceptance Company LLC ("NMAC"), the sponsor, retained a sufficient portion of the Certificates to satisfy the obligations of NMAC under the requirements of (a) the SEC's credit risk retention rules codified at 17 C.F.R. Part 246 ("Regulation RR") and (b) the EU Risk Retention Requirements and the UK Risk Retention Requirements (each as defined in the preliminary prospectus for the Notes dated January 9, 2024 (the "Preliminary Prospectus"). The portion of Certificates being retained to satisfy the EU Risk Retention Requirements and the UK Risk Retention Requirements is referred to herein as the "Retained Interest".

NMAC, as "originator" for the purposes of the EU Risk Retention Requirements and the UK Risk Retention Requirements, currently retains a material net economic interest that is not less than 5% in the securitization transaction described in the Preliminary Prospectus, in the form of retention of the first loss tranche in accordance with paragraph (d) of Article 6(3) of the EU Securitization Regulation and paragraph (d) of Article 6(3) of the UK Securitization Regulation (each as defined in the Preliminary Prospectus), in each case as in effect on the Closing Date, by holding all the membership interest in the depositor, which in turn holds Certificates representing at least 5% of the aggregate nominal value of the leases and related leased vehicles.

NMAC has not sold, hedged or otherwise mitigated its credit risk under or associated with the Retained Interest (and has not permitted the depositor or any of its other affiliates to sell, hedge or otherwise mitigate its credit risk under or associated with the Retained Interest) except to the extent permitted in accordance with the EU Risk Retention Requirements and the UK Risk Retention Requirements or Regulation RR.

NMAC has not changed the manner in which it retains the Retained Interest, except in accordance with the EU Risk Retention Requirements and the UK Risk Retention Requirements or Regulation RR.

Nissan Auto Lease Trust 2024-A published this content on October 24, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 24, 2025 at 18:45 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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