Document

0001959048-24-000030.txt : 20240722 0001959048-24-000030.hdr.sgml : 20240722 20240722114254 ACCESSION NUMBER: 0001959048-24-000030 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240630 0001519881 0000038009 FILED AS OF DATE: 20240722 DATE AS OF CHANGE: 20240722 ABS ASSET CLASS: Auto leases FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Lease Trust 2023-A CENTRAL INDEX KEY: 0001959048 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-265473-03 FILM NUMBER: 241130405 BUSINESS ADDRESS: STREET 1: C/O FORD MOTOR CO., WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135943495 MAIL ADDRESS: STREET 1: C/O FORD MOTOR CO., WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 10-D 1 fcalt2023-a10xdformjune202.htm 10-D Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from June 1, 2024 to June 30, 2024

Commission File Number of issuing entity: 333-265473-03

Central Index Key Number of issuing entity: 0001959048

Ford Credit Auto Lease Trust 2023-A

(Exact name of issuing entity as specified on its charter)

Commission File Number of depositor: 333-265473

Central Index Key Number of depositor: 0001519881

Ford Credit Auto Lease Two LLC

(Exact name of depositor as specified on its charter)

Central Index Key Number of sponsor: 0000038009

Ford Motor Credit Company LLC

(Exact name of sponsor as specified in its charter)

Ryan M. Hershberger, Phone: 313-594-3495

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Delaware

(State or jurisdiction of incorporation or organization of the issuing entity)

88-6231806

(I.R.S. Employer Identification No.)


c/o BNY Mellon Trust of Delaware 301 Bellevue Parkway, 3rd Floor Wilmington, Delaware (Address of principal executive offices)			19809 (zip code)

(302) 791-3610

(Telephone Number, including area code)

Registered/reporting pursuant to (check one)

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange

(If Section 12(b))

Class A-1 Notes

Class A-2a Notes

Class A-2b Notes

Class A-3 Notes

Class A-4 Notes

Class B Notes

Class C Notes

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Distribution and performance information of the asset pool of the issuing entity is set forth in the attached Monthly Investor Report.

Item 1A. Asset-Level Information

The asset-level data for the asset pool of the issuing entity included in Exhibit 102 to the Form ABS-EE filed by the issuing entity with the U.S. Securities and Exchange Commission on July 17, 2024, (the “Form ABS-EE”) is incorporated into this Form 10-D by reference.

The additional asset-level information or explanatory language for the asset pool of the issuing entity included in Exhibit 103 to the Form ABS-EE is also incorporated into this Form 10-D by reference.

PART II - OTHER INFORMATION

Item 10. Exhibits.


(a) Documents filed as part of this report:
Exhibit 99.1			Ford Credit Auto Lease Trust 2023-A Monthly Investor Report
Exhibit 99.2			Quarterly Supplemental Report


(b) Exhibits required by this Form and Item 601 of Regulation S-K:
Exhibit 102			Asset Data File (included in Exhibit 102 to Form ABS-EE, as filed by the issuing entity with the U.S. Securities and Exchange Commission on July 17, 2024, which is incorporated herein by reference)
Exhibit 103			Asset Related Document (included in Exhibit 103 to Form ABS-EE, as filed by the issuing entity with the U.S. Securities and Exchange Commission on July 17, 2024, which is incorporated herein by reference)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Servicer, on behalf of the issuing entity, has duly caused this report to be signed by the undersigned duly authorized.


			Ford Credit Auto Lease Trust 2023-A
			(Issuing entity)

			By: Ford Motor Credit Company LLC (Servicer)

			/s/ Ryan M. Hershberger
			Ryan M. Hershberger
			Assistant Treasurer

Date: July 22, 2024

EX-99.1 2 fcalt2023-a10xdinvestorrep.htm EX-99.1 Document

Exhibit 99.1

Ford Credit Auto Lease Trust 2023-A

Monthly Investor Report

Transaction Month

Payment Date

July 15, 2024

Collection Period

June, 2024


Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-265473-03 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.

I. SUMMARY

			Initial Balance		Beginning of Period Balance				End of Period Balance				End of Period Factor
2023-A Reference Pool Balance			$	1,622,323,304.59	$	927,903,112.58			$	879,064,794.07			0.5418555
Total Note Balance			$	1,508,750,000.00	$	773,782,398.64			$	724,944,080.13			0.4804932

Total Overcollateralization			$	113,573,304.59	$	154,120,713.94			$	154,120,713.94

2023-A Exchange Note Balance			$	1,555,412,371.13	$	824,442,515.03			$	775,604,196.52			0.4986486
2023-A Exchange Note Overcollateralization			$	66,910,933.46	$	103,460,597.55			$	103,460,597.55


Overcollateralization							Beginning of Period				End of Period
2023-A Reference Pool Balance as a % of Total Note Balance							119.92	%			121.26	%
2023-A Reference Pool Balance as a % of 2023-A Exchange Note Balance							112.55	%			113.34	%

	Note Interest Rate		Initial Balance		Beginning of Period Balance				End of Period Balance				End of Period Factor
Class A-1 Notes	4.95900	%	$	198,000,000.00	$	0.00			$	0.00			0.0000000
Class A-2a Notes	5.19000	%	$	300,000,000.00	$	0.00			$	0.00			0.0000000
Class A-2b Notes*	5.98303	%	$	182,500,000.00	$	0.00			$	0.00			0.0000000
Class A-3 Notes	4.94000	%	$	482,500,000.00	$	428,032,398.64			$	379,194,080.13			0.7858945
Class A-4 Notes	4.83000	%	$	87,000,000.00	$	87,000,000.00			$	87,000,000.00			1.0000000
Class B Notes	5.29000	%	$	86,790,000.00	$	86,790,000.00			$	86,790,000.00			1.0000000
Class C Notes	5.54000	%	$	107,070,000.00	$	107,070,000.00			$	107,070,000.00			1.0000000
Class D Notes	5.99000	%	$	64,890,000.00	$	64,890,000.00			$	64,890,000.00			1.0000000
Total			$	1,508,750,000.00	$	773,782,398.64			$	724,944,080.13			0.4804932


	Principal Payments				Interest Payments				Total Payments
	Actual		per $1000 Face		Actual		per $1000 Face		Actual		per $1000 Face
Class A-1 Notes	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A-2a Notes	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A-2b Notes	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A-3 Notes	$	48,838,318.51	$	101.22	$	1,762,066.71	$	3.65	$	50,600,385.22	$	104.87
Class A-4 Notes	$	0.00	$	0.00	$	350,175.00	$	4.03	$	350,175.00	$	4.03
Class B Notes	$	0.00	$	0.00	$	382,599.25	$	4.41	$	382,599.25	$	4.41
Class C Notes	$	0.00	$	0.00	$	494,306.50	$	4.62	$	494,306.50	$	4.62
Class D Notes	$	0.00	$	0.00	$	323,909.25	$	4.99	$	323,909.25	$	4.99
Total	$	48,838,318.51	$	32.37	$	3,313,056.71	$	2.20	$	52,151,375.22	$	34.57


II. POOL INFORMATION

2023-A Reference Pool Balance	Lease Balance**		Securitization Value		Residual Portion of Securitization Value
Beginning of Period	$	1,070,383,975.96	$	927,903,112.58	$	750,349,244.54
Change	$	(58,430,596.21)	$	(48,838,318.51)	$	(31,549,792.25)
End of Period	1,011,953,379.75		879,064,794.07		718,799,452.29
Residual Portion of Securitization Value as % of Securitization Value at end of period					81.77%


	At Cutoff Date	Terminations in Prior Period	Beginning of Period	Terminations in Current Period	End of Period
Number of Leases	54,237	20,472	33,765	1,583	32,182

				Beginning of Period	End of Period
Weighted Average Remaining Term to Maturity in Months***				10.4	9.8

Page 1

Ford Credit Auto Lease Trust 2023-A

Monthly Investor Report

Transaction Month

Payment Date

July 15, 2024

Collection Period

June, 2024


Delinquent Leases
			Number of Leases			Securitization Value			% of End of Period Reference Pool Balance
31 - 60 Days Delinquent			188			$	5,257,985.41		0.60		%
61 - 90 Days Delinquent			24			$	729,718.08		0.08		%
91- 120 Days Delinquent			4			$	116,383.38		0.01		%
Over 120 Days Delinquent			3			$	90,437.59		0.01		%
Total Delinquent Leases			219			$	6,194,524.46		0.70		%

Delinquency Trigger (61+ Delinquent Leases)

Transaction Month	Trigger
1-12	0.30%
13+	0.40%
61+ Delinquent Leases Balance to EOP Pool Balance									0.1065		%
Delinquency Trigger Occurred									No

Payment Extensions Granted in the Current Collection Period
			Number of Leases****			Securitization Value
1 Month Extended			65			$	1,893,931.44
2 Months Extended			51			$	1,476,836.47
3+ Months Extended			20			$	501,138.25
Total			136			$	3,871,906.16

			Current Period			Cumulative
Prepayment Speed			0.12		%	0.68		%

III. EXCHANGE NOTE COLLECTIONS AND DISTRIBUTIONS

Collections
Base monthly Payments (Rent)									$	16,034,531.21
plus: Payoffs									$	23,333,116.25
plus: Other (including extension fees, excess charges, etc.)									$	559,161.60
minus: Payaheads									$	(501,706.15)
plus: Payahead Draws									$	929,936.53
plus: Advances									$	1,585,009.42
minus: Advance Reimbursement Amounts									$	(565,064.24)
plus: Administrative Reallocation Amounts									$	0.00
plus: Net Sale Proceeds									$	19,999,306.49
plus: Recoveries									$	336,939.95
Total Collections									$	61,711,231.06
									0
Reserve Account Draw Amount									$	0.00

Total Collections Plus Reserve Account Draw Amount									$	61,711,231.06

Exchange Note Distributions
	Amount Due		Amount Paid			Remaining Available Funds			Shortfall
Ref Pool Servicing Fee and Adv Reimbursement	$	773,252.59	$	773,252.59		$	60,937,978.47		$	0.00
2023-A Exchange Note Interest Payment	$	3,847,398.40	$	3,847,398.40		$	57,090,580.07		$	0.00
Shortfall Payment (to cover Notes)	$	0.00	$	0.00		$	57,090,580.07		$	0.00
Reserve Account Deposit	$	0.00	$	0.00		$	57,090,580.07		$	0.00
2023-A Exchange Note Principal Payment	$	48,838,318.51	$	48,838,318.51		$	8,252,261.56		$	0.00
Shared Amounts	$	0.00	$	0.00		$	8,252,261.56		$	0.00
Excess Exchange Note Amounts	$	8,252,261.56	$	8,252,261.56		$	0.00		$	0.00
Total	$	61,711,231.06	$	61,711,231.06		$	0.00		$	0.00

Page 2

Ford Credit Auto Lease Trust 2023-A

Monthly Investor Report

Transaction Month

Payment Date

July 15, 2024

Collection Period

June, 2024


IV. AVAILABLE FUNDS AND DISTRIBUTIONS

Available Funds
2023-A Exchange Note Interest Payment							$	3,847,398.40
2023-A Exchange Note Principal Payment							$	48,838,318.51
Shortfall Payment (to cover Notes)							$	0.00
Excess Exchange Note Amounts							$	8,252,261.56

Total							$	60,937,978.47

ABS Note Distributions	Amount Due		Amount Paid		Remaining Available Funds		Shortfall
Trustee Fees and Expenses	$	0.00	$	0.00	$	60,937,978.47	$	0.00
Administration Fee	$	6,448.19	$	6,448.19	$	60,931,530.28	$	0.00
Class A-1 Interest	$	0.00	$	0.00	$	60,931,530.28	$	0.00
Class A-2a Interest	$	0.00	$	0.00	$	60,931,530.28	$	0.00
Class A-2b Interest	$	0.00	$	0.00	$	60,931,530.28	$	0.00
Class A-3 Interest	$	1,762,066.71	$	1,762,066.71	$	59,169,463.57	$	0.00
Class A-4 Interest	$	350,175.00	$	350,175.00	$	58,819,288.57	$	0.00
Total Class A Interest	$	2,112,241.71	$	2,112,241.71			$	0.00
First Priority Principal Payment	$	0.00	$	0.00	$	58,819,288.57
Class B Interest	$	382,599.25	$	382,599.25	$	58,436,689.32	$	0.00
Second Priority Principal Payment	$	0.00	$	0.00	$	58,436,689.32
Class C Interest	$	494,306.50	$	494,306.50	$	57,942,382.82	$	0.00
Third Priority Principal Payment	$0.00		$	0.00	$	57,942,382.82
Class D Interest	$	323,909.25	$	323,909.25	$	57,618,473.57	$	0.00
Specified Reserve Deposit	$	0.00	$	0.00	$	57,618,473.57	$	0.00
Regular Principal Payment	$	48,838,318.51	$	48,838,318.51	$	8,780,155.06	$	0.00
Additional Trustee Fees and Expenses	$	0.00	$	0.00	$	8,780,155.06	$	0.00
Remaining Funds to Holder of Residual Interest	$	8,780,155.06	$	8,780,155.06	$	0.00	$	0.00
Total	$	60,937,978.47	$	60,937,978.47	$	0.00	$	0.00

V. RECONCILIATION OF ADVANCES AND PAYAHEADS

Advances
Beginning of Period Advance Balance							$	3,541,660.80
plus: Additional Advances							$	1,585,009.42
minus: Advance Reimbursement Amounts							$	(565,064.24)
End of Period Advance Balance							$	4,561,605.98

Payaheads
Beginning of Period Payahead Balance							$	2,302,053.97
plus: Additional Payaheads							$	501,706.15
minus: Payahead Draws							$	(929,936.53)
End of Period Payahead Balance							$1,873,823.59

VI. RESERVE ACCOUNT

Beginning of Period Reserve Account Balance							$	4,055,808.26
minus: Reserve Account Draw							$	0.00
plus: Reserve Deposit from Exchange Note Distributions							$	0.00
plus: Reserve Deposit from Note Distributions							$	0.00
End of Period Reserve Account Balance							$	4,055,808.26
Memo: Required Reserve Amount							$	4,055,808.26

VII. OVERCOLLATERALIZATION INFORMATION
Targeted Overcollateralization Amount							$	154,120,713.94
Actual Overcollateralization Amount (EOP Pool Balance- EOP Note Balance)							154,120,713.94

Page 3

Ford Credit Auto Lease Trust 2023-A

Monthly Investor Report

Transaction Month

Payment Date

July 15, 2024

Collection Period

June, 2024


VIII. LEASE TERMINATIONS
	Number of Leases		Securitization Value
Retained Vehicles	Current Period	Cumulative	Current Period			Cumulative
Early Terminations	370	8,912	$	9,679,175.11		$	239,845,409.33
Standard Terminations	477	6,670	$	11,603,265.38		$	148,179,135.14
Total Retained	847	15,582	$	21,282,440.49		$	388,024,544.47

Returned Vehicles
Early Terminations	124	1,022	$	3,313,267.05		$	26,463,883.29
Standard Terminations	589	5,194	$	15,198,070.06		$	124,813,992.47
Total Returned	713	6,216	$	18,511,337.11		$	151,277,875.76

Charged Off / Repossessed Vehicles	13	171	$	354,280.65		$	4,884,164.99
Removals by Servicer and Other	10	86	$	269,748.58		$	2,483,846.40
Total Terminations	1,583	22,055	$	40,417,806.83		$	546,670,431.62

Memo: 1) Removals of Leases Terminated in Prior Periods	0	0
2) Number of Leases Scheduled to Terminate	1,794	16,973	Current Period			Cumulative
Return Rate (Returned / Total Terminations)			45.04		%	28.18		%
Early Termination Rate (Early Terminations / Total Terminations)			31.21		%	45.04		%

Note: An Early Termination is a lease that terminates more than three months prior to the month in which it is scheduled to terminate.

IX. GAIN (LOSS) CALCULATIONS	Number of Leases		Gain (Loss)
	Current Period	Cumulative	Current Period			Cumulative
Gain (Loss) on Retained Vehicles
Customer Payments			$	23,498,397.10
plus: Payahead draws			$	257,795.67
minus: Unreimbursed Advances			$	(80,772.31)
minus: Securitization Value of Retained Vehicles			$	(21,282,440.49)
Total	847	15,582	$	2,392,979.97		$	54,677,800.62
Gain (Loss) Per Retained Vehicle			$	2,825.24		$	3,509.04

Gain (Loss) on Returned Vehicles
Customer Payments			$	607,071.05
plus: Net Sale Proceeds			$	19,734,144.25
plus: Payahead Draws			$	38,522.01
minus: Unreimbursed Advances			$	(39,704.04)
minus: Securitization Value of Returned Vehicles			$	(18,511,337.11)
Total	713	6,216	$	1,828,696.16		$	21,454,644.54
Gain (Loss) Per Returned Vehicle			$	2,564.79		$	3,452.52

Credit Gain (Loss) Charged Off / Repo Vehicles	13	171	$	(116,292.68)		$	(1,571,182.12)
Credit Gain (Loss) Per Charged Off / Repo Vehicle			$	(8,945.59)		$	(9,188.20)
Recoveries			$	337,369.60		$	1,517,968.44

Total Gain (Loss)	1,573	21,969	$	4,442,753.05		$	76,079,231.48
Average Gain (Loss) on all Retained, Returned and Repo Vehicles			$	2,824.38		$	3,463.03

Removals by Servicer and Other	10	86

Note: There is no Gain or Loss on Removals

Memo: Residual Gain (Loss) on Returned Vehicles
Net Sale Proceeds			$	19,734,144.25
plus: Excess Wear and Use and Excess Mileage Assessed			$	368,540.87
minus: Residual Portion of Securitization Value			$	(18,138,663.46)
Total	713	6,216	$	1,964,021.66		$	22,703,377.91
Residual Gain (Loss) Per Returned Vehicle			$	2,754.59		$	3,652.41

Page 4

Ford Credit Auto Lease Trust 2023-A

Monthly Investor Report

Transaction Month

Payment Date

July 15, 2024

Collection Period

June, 2024


Prior and Current Collection Periods Average Gain (Loss)																					Percent
Ratio of Total Gain (Loss) to the Average Pool Balance (annualized)
Third Prior Collection Period																					6.78%
Second Prior Collection Period																					7.06%
Prior Collection Period																					7.41%
Current Collection Period																					5.90%
Four Month Average (Current and Prior Three Collection Periods)																					6.79%

Ratio of Cumulative Total Gain (Loss) for all Collection Periods to Initial Pool Balance																					4.69%


X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION

Benchmark Transition Event:						N/A

Benchmark Replacement Date:						N/A

Unadjusted Benchmark Replacement: Benchmark						N/A

Replacement Adjustment:						N/A

Benchmark Replacement Conforming Changes:						N/A

XI. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)

No activity to report

Most Recent Form ABS-15G for repurchase demand activity

Filed by: Ford Motor Credit Company LLC

CIK#: 0000038009

Date: February 5, 2024


SERVICER CERTIFICATION

THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.

Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer

* Tranche A2b note interest rate is floating based on 30-day average SOFR + 0.65%.
**Lease Balance is calculated similar to Securitization Value, but present values the base monthly payments and contract lease end value at the contract lease factor, without considering the base residual value or minimum discount rate.
***The Weighted Average is calculated based on Securitization Value.
****Excludes leases that were extended and closed accounts during the Collection Period.

Page 5

EX-99.2 3 fcalt2023-a10xdsupplemente.htm EX-99.2 Document

Exhibit 99.2


Ford Credit Auto Lease Trust 2023-A
Quarterly Supplemental Report -- Payment Schedule of Remaining Leases as of June 30, 2024

The following table shows the decline in the securitization value of the remaining leases in the reference pool as of June 30, 2024, and the remaining payments that will be received each month on the reference pool assuming (1) each base month payment is made as scheduled with no prepayments, delays or defaults and (2) each leased vehicle is returned and sold for an amount equal to the base residual value in the month after the month in which the final base monthly payment is due. In addition, as of June 30, 2024, leases with a total base residual value of $29,234,403.07 had either (1) reached their scheduled termination dates but had not been purchased or returned or (2) been returned or repossessed but had not been sold. In the following table, this amount is assumed to be received in July 2024. The percentages in the following table may not sum to 100.00% due to rounding.

		Remaining Leases as of June 30, 2024,
Month		Securitization Value		Scheduled Base Monthly Payments				Base Residual Value
2024-	June	$	879,064,794.07
	July	$	823,606,894.58	$	16,506,542.39	9.63	%	$	47,308,205.21	5.96	%
	August	$	789,125,996.47	$	16,003,015.49	9.34	%	$	26,576,862.66	3.35	%
	September	$	744,675,553.88	$	15,279,856.75	8.91	%	$	36,930,502.20	4.65	%
	October	$	702,274,835.45	$	14,605,949.37	8.52	%	$	35,117,546.96	4.42	%
	November	$	663,358,868.91	$	13,950,480.19	8.14	%	$	31,871,323.52	4.01	%
	December	$	621,922,325.96	$	13,222,952.80	7.71	%	$	34,736,751.80	4.38	%
2025-	January	$	584,175,010.88	$	12,552,679.61	7.32	%	$	31,310,335.62	3.94	%
	February	$	541,473,211.26	$	11,751,624.44	6.86	%	$	36,694,690.64	4.62	%
	March	$	502,303,424.06	$	11,019,998.13	6.43	%	$	33,474,394.89	4.22	%
	April	$	444,557,630.01	$	9,895,954.09	5.77	%	$	52,789,261.92	6.65	%
	May	$	382,965,190.94	$	8,656,163.55	5.05	%	$	57,307,840.68	7.22	%
	June	$	314,423,863.02	$	7,217,298.86	4.21	%	$	65,089,933.66	8.20	%
	July	$	245,584,466.96	$	5,746,033.31	3.35	%	$	66,185,260.69	8.34	%
	August	$	176,196,622.41	$	4,254,206.11	2.48	%	$	67,548,615.00	8.51	%
	September	$	107,116,660.42	$	2,709,605.32	1.58	%	$	68,102,963.97	8.58	%
	October	$	51,073,280.28	$	1,425,932.09	0.83	%	$	55,670,769.60	7.01	%
	November	$	42,722,967.87	$	1,218,283.08	0.71	%	$	7,634,249.65	0.96	%
	December	$	36,071,105.00	$	1,044,519.32	0.61	%	$	6,027,452.75	0.76	%
2026-	January	$	27,069,191.63	$	811,322.75	0.47	%	$	8,545,289.90	1.08	%
	February	$	24,329,088.23	$	735,134.68	0.43	%	$	2,271,149.20	0.29	%
	March	$	21,665,175.98	$	662,000.62	0.39	%	$	2,241,147.65	0.28	%
	April	$	18,682,881.30	$	576,959.04	0.34	%	$	2,618,376.40	0.33	%
	May	$	16,060,756.09	$	499,373.75	0.29	%	$	2,306,466.40	0.29	%
	June	$	13,066,484.95	$	401,716.75	0.23	%	$	2,750,485.25	0.35	%
	July	$	9,905,088.08	$	307,596.94	0.18	%	$	2,982,287.10	0.38	%
	August	$	7,112,967.09	$	224,946.22	0.13	%	$	2,664,574.65	0.34	%
	September	$	3,822,654.97	$	124,316.68	0.07	%	$	3,235,939.68	0.41	%
	October	$	73,103.15	$	2,583.11	0.00	%	$	3,784,558.15	0.48	%
	November	$	0.00	$	0.00	0.00	%	$	73,822.00	0.01	%


















Total				$	171,407,045.44	100.00	%	$	793,851,057.80	100.00	%

Total Scheduled Base Monthly Payments plus Base Residual Value								$	965,258,103.24


Ford Credit Auto Lease Trust 2023-A
Quarterly Supplemental Report -- Residual Performance

The following table shows the residual performance as calculated on the monthly investor report in sections VII and VIII for returned vehicles segregated by the vehicle types.

				Residual Gain (Loss) per Returned Vehicle
Collection Period	Vehicle Type	Returned Vehicles	Return Rate	Amount	As a % of Adjusted MSRP	As a % of ALG Residual Value
APRIL 2024	Car	6	12.00%	$6,555	16.43%	40.64%
	CUV	526	38.85%	$3,501	7.95%	14.32%
	SUV	13	21.31%	$7,317	9.95%	20.64%
	Truck	133	30.50%	$6,123	11.17%	19.21%

	Total/Average	678	35.67%	$4,116	8.82%	15.80%

MAY 2024	Car	9	26.47%	$7,753	16.89%	45.94%
	CUV	724	48.66%	$2,733	6.17%	10.97%
	SUV	13	26.53%	$3,768	5.33%	11.02%
	Truck	188	38.76%	$5,444	9.53%	16.59%

	Total/Average	934	45.43%	$3,341	7.07%	12.58%

JUNE 2024	Car	3	18.75%	$8,873	20.85%	51.66%
	CUV	531	47.16%	$2,214	5.02%	8.93%
	SUV	16	29.63%	$6,055	9.10%	17.74%
	Truck	163	42.12%	$4,080	7.32%	12.68%

	Total/Average	713	45.04%	$2,755	5.83%	10.33%