Asset Backed Issuer Distribution Report Form 10 D

GM Financial Automobile Leasing Trust 2024-1

5.49% Exchange Note

Class A-1 5.51400% Asset Backed Notes

Class A-2A 5.18% Asset Backed Notes

Class A-2B Floating Asset Backed Notes

Class A-3 5.09% Asset Backed Notes

Class A-4 5.09% Asset Backed Notes

Class B 5.33% Asset Backed Notes

Class C 5.41% Asset Backed Notes

Class D 5.48% Asset Backed Notes

Servicer's Certificate

Beginning of Period:	10/01/24
End of Period:	10/31/24
Number of days in Interest Period (Actual/360):	30
Number of days in Collection Period:	31
Report Due Date:	11/18/24
Distribution Date:	11/20/24
Transaction Month:	9

									Original Agg.
2024-1 Designated Pool		Units			Start Date		Closing Date		Securitization Value
			55,552			01/03/2024		02/15/2024		$	1,755,858,739
Total			55,552							$	1,755,858,739

RECONCILIATION OF 2024-1 DESIGNATED POOL AGGREGATE SECURITIZATION VALUE

{1}

Beginning of period Aggregate Securitization Value

{1}

$

1,439,332,231

{2}

Reduction in Agg. Securitization Value due to payments

{2}

13,730,935

{3}

Reduction in Agg. Securitization Value due to Defaulted Leases

{3}

2,146,517

{4}

Reduction in Agg. Securitization Value due to early terminations, dealer buyouts, cancellations, repurchases

{4}

20,909,715

{5}

Other adjustments

{5}

0

{6}

Total change in Agg. Securitization Value

{6}

36,787,167

{7}

End of period Aggregate Securitization Value

{7}

$

1,402,545,064

{8}

Pool Factor

{8}

79.878013

%

RECONCILIATION OF 2024-1 EXCHANGE NOTE

{9}		Original Exchange Note Balance		{9}		$	1,690,000,000
{10}		Beginning of period Exchange Note Balance		{10}		$	1,373,473,492
{11}		Exchange Note Principal Payment Amount		{11}			36,787,167
{12}		End of period Exchange Note Balance		{12}		$	1,336,686,325
{13}		Note Pool Factor		{13}			79.093865	%

RECONCILIATION OF THE ASSET BACKED NOTES

						Class A-1			Class A-2A			Class A-2B			Class A-3			Class A-4
{14}		Original Note Balance		{14}		$	246,120,000			$	275,640,000			$	275,640,000			$	551,290,000			$	75,250,000
{15}		Beginning of period Note Balance		{15}		$	0			$	218,488,532			$	218,488,531			$	551,290,000			$	75,250,000
{16}		Noteholders' Principal Distributable Amount		{16}			0				18,393,584				18,393,583				0				0
{17}		Noteholders' Accelerated Principal Amount		{17}			0				0				0				0				0
{18}		Aggregate Principal Parity Amount		{18}			0				0				0				0				0
{19}		Matured Principal Shortfall		{19}			0				0				0				0				0
{20}		End of period Note Balance		{20}		$	0			$	200,094,948			$	200,094,948			$	551,290,000			$	75,250,000
{21}		Note Pool Factor		{21}			0.000000	%			72.592856	%			72.592856	%			100.0000000	%			100.000000	%

						Class B			Class C			Class D			TOTAL
{22}		Original Note Balance		{22}		$	76,400,000			$	71,150,000			$	43,900,000			$	1,615,390,000
{23}		Beginning of period Note Balance		{23}		$	76,400,000			$	71,150,000			$	43,900,000			$	1,254,967,063
{24}		Noteholders' Principal Distributable Amount		{24}			0				0				0				36,787,167
{25}		Noteholders' Accelerated Principal Amount		{25}			0				0				0				0
{26}		Aggregate Principal Parity Amount		{26}			0				0				0				0
{27}		Matured Principal Shortfall		{27}			0				0				0				0
{28}		End of period Note Balance		{28}		$	76,400,000			$	71,150,000			$	43,900,000			$	1,218,179,896
{29}		Note Pool Factor		{29}			100.000000	%			100.000000	%			100.000000	%			75.410885	%

EXCHANGE NOTE MONTHLY PRINCIPAL PAYMENT AND INTEREST CALCULATIONS

Principal payment calculation:

{30}

Beginning of period Designated Pool Balance

{30}

$

1,439,332,231

{31}

Ending Designated Pool Balance

{31}

1,402,545,064

{32}

Unpaid prior Exchange Note Principal Payment Amount

{32}

0

{33}

Sum of {31} + {32}

{33}

1,402,545,064

{34}

Exchange Note Principal Payment Amount {30} - {33}

{34}

$

36,787,167

		Interest calculation:
				Beg Note Balance			Interest Carryover			Interest Rate			Days		Days Basis		Interest
{35}				$	1,373,473,492			$	0				5.49	%		30		30/360		$	6,283,642

RECONCILIATION OF EXCHANGE NOTE COLLECTION ACCOUNT

Additions:

{36}

2024-1 Designated Pool Collections (net of Liquidation Proceeds and fees)

{36}

$

25,453,253

{37}

Net Liquidation Proceeds collected during period

{37}

24,653,665

{38}

Investment Earnings

{38}

197,084

{39}

Investment Earnings - transferred to Indenture Note Collection Account

{39}

(197,084

)

{40}

Deposit from Servicer

{40}

0

{41}

Total Additions:

{41}

50,106,918

Distributions:

{42}

To the Servicer, Designated Pool Servicing Fee

{42}

1,199,444

{43}

To the 2024-1 Exchange Noteholder, the Exchange Note Interest Payment Amount

{43}

6,283,642

{44}

To the 2024-1 Exchange Noteholder, the Exchange Note Principal Payment Amount

{44}

36,787,167

{45}

To the 2024-1 Exchange Noteholder, any funds available to pay obligations pursuant to Indenture Section 8.3 (a)(i) through (xvii)

{45}

0

{46}

To the 2024-1 Exchange Noteholder, all remaining funds to be applied as Excess Exchange Note Payments

{46}

5,836,665

{47}

Total Distributions:

{47}

$

50,106,918

NOTEHOLDERS' MONTHLY PRINCIPAL PAYMENT AND INTEREST CALCULATIONS

Noteholders' Principal Distributable calculation:

{48}

Beginning Agg. Securitization Value

{48}

$

1,439,332,231

{49}

Ending Agg. Securitization Value

{49}

1,402,545,064

{50}

Principal Distributable Amount {48} - {49}

{50}

36,787,167

{51}

Noteholders' Principal Carryover Amount

{51}

0

{52}

Principal Distributable Amount + Noteholders' Principal Carryover Amount

{52}

36,787,167

{53}

Amount required to reduce Outstanding Amount after giving effect to distributions made pursuant to Indenture Section 8.3 (a) (i) through (xiii) to the Required Pro Forma Note Balance

{53}

36,787,167

{54}

Noteholders' Principal Distributable Amount Lesser of {52} and {53}

{54}

$

36,787,167

		Noteholders' Interest Distributable calculation:
		Class		Beg Note Balance			Interest Carryover			Interest Rate			Days		Days Basis		Interest
{55}		Class A-1		$	0			$	0				5.51400	%		30		Actual/360		$	0
{56}		Class A-2A		$	218,488,532				0				5.18	%		30		30/360			943,143
{57}		Class A-2B		$	218,488,531				0				5.34028	%		30		Actual/360			972,325
{58}		Class A-3		$	551,290,000				0				5.09	%		30		30/360			2,338,389
{59}		Class A-4		$	75,250,000				0				5.09	%		30		30/360			319,186
{60}		Class B		$	76,400,000				0				5.33	%		30		30/360			339,344
{61}		Class C		$	71,150,000				0				5.41	%		30		30/360			320,768
{62}		Class D		$	43,900,000				0				5.48	%		30		30/360			200,477

RECONCILIATION OF INDENTURE COLLECTION ACCOUNT

Available Funds:

{63}

2024-1 Exchange Note Collections

{63}

$

48,907,474

{64}

Investment Earnings

{64}

0

{65}

Investment Earnings - transferred from Exchange Note Collection Account

{65}

197,084

{66}

Investment Earnings - and amounts released from Reserve Account pursuant to Section 2.14(b)(ii) of Servicing Supplement

{66}

17,727

{67}

Optional Purchase Price

{67}

0

{68}

Indenture Section 5.4 disposition of Collateral

{68}

0

{69}

Available Funds:

{69}

49,122,285

{70}

Reserve Account Withdrawal Amount

{70}

0

{71}

Total Distributable Funds:

{71}

49,122,285

Distributions:

{72}

To the Successor Servicer, unpaid transition expenses, pro rata

{72}

0

{73}

To the Indenture Trustee, any accrued and unpaid fees & expenses, pro rata

{73}

417

{74}

To the Issuer Owner Trustee, any accrued and unpaid fees & expenses, pro rata

{74}

250

{75}

To the Asset Representations Reviewer, any accrued and unpaid fees & expenses, pro rata

{75}

0

{76}

Class A-1 Noteholders' Interest Distributable Amount pari passu

{76}

0

{77}

Class A-2A Noteholders' Interest Distributable Amount pari passu

{77}

943,143

{78}

Class A-2B Noteholders' Interest Distributable Amount pari passu

{78}

972,325

{79}

Class A-3 Noteholders' Interest Distributable Amount pari passu

{79}

2,338,389

{80}

Class A-4 Noteholders' Interest Distributable Amount pari passu

{80}

319,186

{81}

Class A Noteholders' Principal Parity Amount or Matured Principal Shortfall

{81}

0

{82}

Class B Noteholders' Interest Distributable Amount

{82}

339,344

{83}

Class B Noteholders' Principal Parity Amount or Matured Principal Shortfall

{83}

0

{84}

Class C Noteholders' Interest Distributable Amount

{84}

320,768

{85}

Class C Noteholders' Principal Parity Amount or Matured Principal Shortfall

{85}

0

{86}

Class D Noteholders' Interest Distributable Amount

{86}

200,477

{87}

Class D Noteholders' Principal Parity Amount or Matured Principal Shortfall

{87}

0

{88}

Noteholders' Principal Distributable Amount

{88}

36,787,167

{89}

To the Reserve Account, the Reserve Account Required Amount

{89}

0

{90}

To the Noteholders, the Accelerated Principal Amount (as calculated below)

{90}

0

{91}

To the Successor Servicer, any amounts in excess of the caps set forth, pro rata

{91}

0

{92}

To the Indenture Trustee, any amounts in excess of the caps set forth, pro rata

{92}

0

{93}

To the Asset Representations Reviewer, any amounts in excess of the caps set forth, pro rata

{93}

0

{94}

To the Issuer Owner Trustee, any amounts in excess of the caps set forth, pro rata

{94}

0

{95}

To the Issuer Trust Certificateholders, the aggregate amount remaining

{95}

6,900,819

{96}

Total Distributions:

{96}

$

49,122,285

PRINCIPAL PARITY AMOUNT CALCULATION

		Class		(X) Cumulative Note Balance			(Y) Aggregate Securitization Value			(I) Excess of (X) - (Y)			(II) Total Available Funds in Indenture Collection Account			Lesser of (I) or (II)
{97}		Class A		$	1,063,517,063			$	1,402,545,064			$	0			$	44,548,575			$	0
{98}		Class B			1,139,917,063				1,402,545,064				0				44,209,231				0
{99}		Class C			1,211,067,063				1,402,545,064				0				43,888,463				0
{100}		Class D			1,254,967,063				1,402,545,064				0				43,687,986				0

ACCELERATED PRINCIPAL AMOUNT CALCULATION

{101}

Excess Total Available Funds

{101}

$

6,900,819

{102}

Beginning Note Balance

{102}

1,254,967,063

{103}

Principal payments through Indenture Section 8.3 (a) (i) through (xv)

{103}

36,787,167

{104}

Pro-Forma Note Balance

{104}

1,218,179,896

{105}

Ending Aggregate Securitization Value

{105}

1,402,545,064

{106}

10.5% of Aggregate Securitization Value as of Cutoff until Class A-2 is paid in full, 9.5% Thereafter ($184,365,168)

{106}

184,365,168

{107}

Required Pro Forma Note Balance {105} - {106}

{107}

1,218,179,896

{108}

Excess of Pro Forma Balance minus Required Pro Forma Balance {104} - {107}

{108}

0

{109}

Lesser of Excess Total Available Funds and Excess of Pro Forma Note Balance

{109}

$

0

OVERCOLLATERALIZATION CALCULATIONS

Exchange Note:

{110}

Ending Aggregate Securitization Value

{110}

$

1,402,545,064

{111}

End of Period Note Balance

{111}

1,336,686,325

{112}

Overcollateralization

{112}

65,858,739

{113}

Overcollateralization %

{113}

4.70

%

Asset Backed Notes:

{114}

Ending Aggregate Securitization Value

{114}

1,402,545,064

{115}

End of Period Note Balance

{115}

1,218,179,896

{116}

Overcollateralization

{116}

184,365,168

{117}

Overcollateralization %

{117}

13.15

%

RECONCILIATION OF 2024-1 CASH RESERVE ACCOUNT

{118}

Specified Reserve Balance

{118}

$

4,389,647

{119}

Beginning of Period Reserve Account balance

{119}

$

4,389,647

{120}

Investment Earnings

{120}

17,727

{121}

From the Indenture Collection Account, the Reserve Account Required Amount

{121}

0

{122}

To the Indenture Collection Account, the Reserve Account Withdrawal Amount

{122}

0

{123}

Total Reserve balance available:

{123}

4,407,374

{124}

Specified Reserve Balance

{124}

4,389,647

{125}

Release Excess Cash to Indenture Collection Available Funds

{125}

17,727

{126}

End of period Reserve Account balance

{126}

$

4,389,647

ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER

Dollars

Percentage

{127}

Receivables with Scheduled Payment delinquent 61 days or more

{127}

$

1,957,853

0.14

%

{128}

Compliance (Trigger Violation is a Delinquency Rate Greater Than 1.40%)

{128}

Yes

By:	/s/ Randal L. Willis
Name:	Randal L. Willis
Title:	Senior Vice President, Securitization & Conduit Reporting
Date:	November 15, 2024

GM Financial

GMALT 2024-1

Supplemental Monthly Data

October 31, 2024

		Aggregate Securitization Value			Residual Value
Beginning of Period		$	1,439,332,231			$	1,167,070,162
Change			(36,787,167	)			(20,392,558	)
End of Period		$	1,402,545,064			$	1,146,677,604
Residual Value as % of Agg. Securitization Value							81.76	%

Delinquency

Leases with scheduled payment delinquent		Number of Leases			Agg. Securitization Value			Percentage(1)
0 - 30 days			47,723				1,395,310,558				99.48	%
31 - 60 days			166				5,276,653				0.38	%
61 - 90 days			48				1,678,830				0.12	%
91 - 120 days			8				279,023				0.02	%
Total			47,945				1,402,545,064				100.00	%

Lease Terminations

		Current Period			Cumulative
		Number of Leases			Agg. Securitization Value			Number of Leases			Agg. Securitization Value
Retained vehicles by lessee
Early terminations			403				12,491,202				3,745				118,732,279
Standard terminations			91				2,293,963				1,597				37,100,208
Total retained by lessee			494				14,785,165				5,342				155,832,487
Returned Vehicles
Early terminations			108				2,742,109				901				22,924,775
Standard terminations			132				3,382,441				753				18,424,893
Total returned to dealer			240				6,124,550				1,654				41,349,668
Charged off leases / Repossessed vehicles			76				2,146,517				610				18,066,220
Repurchases			0				0				1				16,730
Other			0				0				0				0
Total terminations			810				23,056,232				7,607				215,265,105

Lease Extensions/Deferments

		Current Period
		Number of Leases			Agg. Securitization Value			Percentage
Term Extensions			46				1,097,050				0.08	%
Deferments			27				1,082,669				0.08	%

Net Credit (Gain) Loss

		Current Period			Cumulative
Agg. Securitized Value of early term defaults			2,146,517				18,066,220
less: Sales proceeds			1,899,917				16,617,899
less: Excess wear and excess mileage received			(219	)			(219	)
less: Other amounts received			0				0
Net Credit (Gain) Loss			246,819				1,448,540

Residual (Gain) Loss on Returned Vehicles

Agg. Securitized Value of returned vehicles sold by Servicer			6,058,531				41,250,115
add: Reimbursement of outstanding residual advance			N/A				N/A
less: Sales proceeds			6,274,027				43,959,411
less: Excess wear and excess mileage received			29,730				168,987
less: Other recovery amounts			0				0
Residual (Gain) Loss			(245,226	)			(2,878,283	)

		Current Period			Prev. Month
Prepay Speed			0.7788	%			0.7206	%
Return Rate based on Scheduled to Terminate(2)			64.8649	%			66.3291	%
Return Rate based on Terminated Leases(3)			29.6296	%			32.6276	%

(1)	Percentages may not add to 100% due to rounding.

(2)	Percentage of total number of vehicles returned to dealer over number of vehicles scheduled to terminate per month.

(3)	Percentage of total number of vehicles returned to dealer over number of vehicles terminated per month.

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