CIT Equipment Trust 2001-A EF
Composition of Contract Pool
at December 31, 2001
Weighted Weighted Average
Current Average Average Required
Number Required Original Remaining Payoff
of Payoff Term Term Amount
Contracts Amount (Range) (Range) (Range)
- --------- ------ ------- ------- -------
10,829 $955,065,382 58.0 months 43.5 months $88,195
(13 to 122 months) (7 to 115 months) ($197 to $5,187,867)
Type of Contract
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Contract Contracts Contracts Amount Amount
- ---------------- --------- --------- ------ ------
Leases 3,859 35.64% $335,952,761 35.18%
Loans and other financing arrangements 6,970 64.36 619,112,621 64.82
------------------------------------------------------------------------
Total 10,829 100.00% $955,065,382 100.00%
========================================================================
CIT Equipment Trust 2001-A EF
Annual Percentage Rate
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Annual Percentage Rate Contracts Contracts Amount Amount
- ---------------------- --------- --------- ------ ------
less than 8.001 151 1.39% $ 21,196,780 2.22%
8.001- 8.500 439 4.05 59,983,030 6.28
8.501- 9.000 1,087 10.04 128,557,871 13.46
9.001- 9.500 1,438 13.28 159,024,846 16.65
9.501- 10.000 2,364 21.83 199,926,807 20.93
10.001- 10.500 2,337 21.58 177,410,111 18.58
10.501- 11.000 1,406 12.98 100,225,302 10.49
11.001- 11.500 497 4.59 33,830,843 3.54
11.501- 12.000 343 3.17 23,694,983 2.48
12.001- 12.500 250 2.31 17,053,290 1.79
12.501- 13.000 172 1.59 16,519,294 1.73
13.001- 13.500 106 0.98 6,677,393 0.70
13.501- 14.000 94 0.87 4,947,341 0.52
greater than 14.000 145 1.34 6,017,490 0.63
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
Range of Annual Percentage Rates: 6.15% to 18.97%
Weighted Average Annual Percentage Rate: 9.90%
CIT Equipment Trust 2001-A EF
Geographical Diversity
(Based on obligor billing
address)
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
State Contracts Contracts Amount Amount
- ----- --------- --------- ------ ------
Alaska 66 0.61% $ 7,315,082 0.77%
Alabama 218 2.01 17,371,917 1.82
Arkansas 154 1.42 17,321,554 1.81
Arizona 301 2.78 24,766,238 2.59
California 1,555 14.36 135,577,088 14.20
Colorado 207 1.91 15,833,428 1.66
Connecticut 148 1.37 13,511,792 1.41
District of Columbia 5 0.05 382,108 0.04
Delaware 38 0.35 2,796,315 0.29
Florida 652 6.02 57,984,505 6.07
Georgia 376 3.47 33,715,200 3.53
Hawaii 17 0.16 3,888,986 0.41
Iowa 45 0.42 4,405,073 0.46
Idaho 178 1.64 14,983,561 1.57
Illinois 321 2.96 24,607,794 2.58
Indiana 181 1.67 16,476,035 1.73
Kansas 121 1.12 9,363,289 0.98
Kentucky 107 0.99 14,376,409 1.51
Louisiana 149 1.38 12,384,082 1.30
Maine 176 1.63 17,480,234 1.83
Maryland 198 1.83 18,764,089 1.96
Maine 74 0.68 6,903,426 0.72
Michigan 345 3.19 26,331,764 2.76
Minnesota 101 0.93 7,995,094 0.84
Missouri 126 1.16 14,156,098 1.48
Mississippi 70 0.65 6,158,415 0.64
Montana 56 0.52 3,504,643 0.37
North Carolina 173 1.60 17,362,577 1.82
North Dakota 5 0.05 537,518 0.06
Nebraska 33 0.30 3,285,282 0.34
New Hampshire 69 0.64 6,308,367 0.66
New Jersey 314 2.90 27,135,626 2.84
New Mexico 58 0.54 3,871,880 0.41
Nevada 125 1.15 11,337,871 1.19
New York 660 6.09 55,217,075 5.78
Ohio 354 3.27 25,662,989 2.69
Oklahoma 98 0.90 8,930,071 0.94
Oregon 275 2.54 30,865,169 3.23
Pennsylvania 550 5.08 43,850,061 4.59
Rhode Island 36 0.33 3,908,822 0.41
South Carolina 94 0.87 7,898,762 0.83
South Dakota 11 0.10 974,437 0.10
Tennessee 137 1.27 9,184,226 0.96
Texas 715 6.60 67,068,736 7.02
Utah 249 2.30 18,684,809 1.96
Virginia 221 2.04 20,228,017 2.12
Vermont 46 0.42 4,013,165 0.42
Washington 435 4.02 36,521,841 3.82
Wisconsin 98 0.90 10,511,022 1.10
West Virginia 53 0.49 8,471,517 0.89
Wyoming 35 0.32 4,881,324 0.51
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
CIT Equipment Trust 2001-A EF
Payment Status
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Days Delinquent Contracts Contracts Amount Amount
- --------------- --------- --------- ------ ------
Current, including 1 to 30 day
delinquent contracts 10,316 95.26% $910,019,469 95.28%
31-60 days delinquent 299 2.76 20,629,366 2.16
61-90 days delinquent 97 0.90 11,646,195 1.22
91-120 days delinquent 64 0.59 6,713,806 0.70
Over 120 days delinquent 53 0.49 6,056,546 0.63
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
Types of Equipment
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Equipment Contracts Contracts Amount Amount
- ----------------- --------- --------- ------ ------
Construction 5,177 47.81% $450,412,826 47.16%
Manufacturing 1,978 18.27 197,396,895 20.67
Transportation 1,976 18.25 132,413,645 13.86
Printing 777 7.18 62,305,415 6.52
Other(1) 356 3.29 43,038,750 4.51
Commercial/Retails Fixtures 95 0.88 18,227,988 1.91
Logging 168 1.55 15,948,744 1.67
Medical 56 0.52 15,163,753 1.59
Computers 68 0.63 10,482,873 1.10
Fitness 178 1.64 9,674,493 1.01
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
(1) Includes $2,101,120 as the largest and $120,895 as the average Required Payoff Amount
CIT Equipment Trust 2001-A EF
Required Payoff Amount
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Required Payoff Amount Contracts Contracts Amount Amount
- ---------------------- --------- --------- ------ ------
0 - 5,000.00 83 0.77% $ 313,870 0.03%
5,000.01 - 10,000.00 390 3.60 3,155,081 0.33
10,000.01 - 15,000.00 622 5.74 7,793,736 0.82
15,000.01 - 25,000.00 1,376 12.71 27,428,815 2.87
25,000.01 - 50,000.00 2,735 25.26 100,769,395 10.55
50,000.01 - 100,000.00 3,026 27.94 214,850,223 22.50
100,000.01 - 150,000.00 1,183 10.92 144,575,347 15.14
150,000.01 - 250,000.00 798 7.37 152,055,034 15.92
250,000.01 - 500,000.00 461 4.26 154,108,291 16.14
500,000.01 - 1,000,000.00 108 1.00 73,345,442 7.68
1,000,000.01 - 1,500,000.00 30 0.28 37,393,150 3.92
1,500,000.01 - 2,500,000.00 14 0.13 26,296,509 2.75
2,500,000.01 - 5,000,000.00 2 0.02 7,792,620 0.82
5,000,000.01 >= 1 0.01 5,187,867 0.54
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
Remaining Term
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Remaining Terms of Contracts Contracts Contracts Amount Amount
- ---------------------------- --------- --------- ------ ------
(months)
0- 12 83 0.77% $ 2,565,768 0.27%
13- 24 849 7.84 34,384,794 3.60
25- 36 3,498 32.30 234,642,191 24.57
37- 48 4,354 40.21 388,315,758 40.66
49- 60 1,706 15.75 219,489,148 22.98
61- 72 237 2.19 48,037,837 5.03
73- 84 89 0.82 20,122,839 2.11
85- 96 6 0.06 3,547,770 0.37
97-108 3 0.03 744,957 0.08
109-120 4 0.04 3,214,320 0.34
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
CIT Equipment Trust 2001-A EF
Types of Obligor
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Obligor Contracts Contracts Amount Amount
- --------------- --------- --------- ------ ------
Construction 4,560 42.11% $355,574,825 37.23%
Manufacturing 2,368 21.87 261,817,626 27.41
Transportation 900 8.31 77,468,730 8.11
Services 656 6.06 57,374,878 6.01
Retail & Wholesale Trade 599 5.53 56,621,582 5.93
Printing 694 6.41 50,136,591 5.25
Other(1) 490 4.52 41,294,144 4.32
Mining, Forestry, Fishing 227 2.10 27,402,951 2.87
Healthcare 64 0.59 15,074,480 1.58
Agriculture 271 2.50 12,299,575 1.29
------ ------ ------------ ------
Total 10,829 100.00% $955,065,382 100.00%
====== ====== ============ ======
(1) Includes $1,126,933 as the largest required payoff amount belonging to a
single obligor
Obligor Concentration
% of
Number Required Required
Obligors (including contracts of Payoff Payoff
securing vendor loans) Contracts Amount Amount
--------------------- --------- ------ ------
Top 5 25 $24,689,044 2.59%
The industries in which the top 5 obligors conduct business are Construction,
Manufacturing, Retail & Wholesale Trade and Services.