CIT Equipment Trust 2000-1
General Composition
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)
- --------- ------ ------- ------- -------
44,582 $274,051,288 59.1 31.3 $6,147
(13 to 196 months) (0 to 111 months) ($0 to $4,653,324)
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
- ---------------- --------- --------- ------ ------
True Leases 31,435 70.51% $159,816,445 58.32%
Finance Leases 12,966 29.08 89,226,607 32.56
Loans/Conditional Sales 181 0.41 25,008,236 9.13
---------------------------------------------------------------------
Total 44,582 100.00% $274,051,288 100.00%
=====================================================================
CIT Equipment Trust 2000-1
Geographical Diversity
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
State Contracts Contracts Amount Amount
- ----- --------- --------- ------ ------
Alabama 471 1.06% $ 2,135,906 0.78%
Alaska 96 0.22 290,674 0.11
Arizona 599 1.34 3,834,369 1.40
Arkansas 225 0.50 1,515,850 0.55
California 5,765 12.93 36,768,439 13.42
Colorado 959 2.15 4,566,804 1.67
Connecticut 693 1.55 4,131,783 1.51
Delaware 140 0.31 572,307 0.21
District of Columbia 316 0.71 1,882,455 0.69
Florida 2,785 6.25 15,283,125 5.58
Georgia 1,330 2.98 6,860,443 2.50
Hawaii 192 0.43 464,396 0.17
Idaho 146 0.33 747,534 0.27
Illinois 2,006 4.50 15,609,258 5.70
Indiana 636 1.43 3,669,345 1.34
Iowa 393 0.88 2,188,813 0.80
Kansas 254 0.57 1,422,873 0.52
Kentucky 342 0.77 1,865,991 0.68
Louisiana 351 0.79 1,172,355 0.43
Maine 120 0.27 201,936 0.07
Maryland 811 1.82 4,389,837 1.60
Massachusetts 1,748 3.92 9,933,166 3.62
Michigan 1,567 3.51 10,609,117 3.87
Minnesota 661 1.48 4,369,435 1.59
Mississippi 218 0.49 952,694 0.35
Missouri 477 1.07 2,613,789 0.95
Montana 130 0.29 392,658 0.14
Nebraska 183 0.41 1,000,274 0.36
Nevada 253 0.57 2,401,687 0.88
New Hampshire 312 0.70 2,655,723 0.97
New Jersey 2,793 6.26 21,704,826 7.92
New Mexico 221 0.50 1,130,478 0.41
New York 4,276 9.59 25,728,123 9.39
North Carolina 1,140 2.56 6,216,123 2.27
North Dakota 50 0.11 192,943 0.07
Ohio 1,365 3.06 8,420,437 3.07
Oklahoma 323 0.72 1,685,580 0.62
Oregon 512 1.15 2,171,679 0.79
Pennsylvania 2,018 4.53 11,741,474 4.28
Puerto Rico 1 0.00 1,324 0.00
Rhode Island 174 0.39 852,166 0.31
South Carolina 445 1.00 2,865,807 1.05
South Dakota 54 0.12 163,739 0.06
Tennessee 761 1.71 3,690,266 1.35
Texas 3,195 7.17 25,514,656 9.31
Utah 295 0.66 2,975,087 1.09
Vermont 126 0.28 535,290 0.20
Virginia 1,035 2.32 5,240,923 1.91
Washington 895 2.01 4,805,173 1.75
West Virginia 136 0.31 461,226 0.17
Wisconsin 515 1.16 3,193,733 1.17
Wyoming 73 0.16 257,199 0.09
------ ------- ------------ -------
Total 44,582 100.00% $274,051,288 100.00%
====== ======= ============ =======
CIT Equipment Trust 2000-1
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 40,497 90.84% $249,989,285 91.22%
31-60 days delinquent 2,172 4.87 11,978,770 4.37
61-90 days delinquent 822 1.84 4,880,452 1.78
91-120 days delinquent 485 1.09 2,630,158 0.96
Over 120 days delinquent 606 1.36 4,572,623 1.67
------ ------- ------------ -------
Total 44,582 100.00% $274,051,288 100.00%
====== ======= ============ =======
Equipment Type
at December 31, 2001
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Equipment Contracts Contracts Amount Amount
- ----------------- --------- --------- ------ ------
Telecommunications 10,495 23.54% $102,598,395 37.44%
Computer 30,208 67.76 95,402,850 34.81
Medical 162 0.36 30,507,541 11.13
Construction 556 1.25 9,960,830 3.63
Office Equipment 992 2.23 9,669,262 3.53
Other(1) 1,494 3.35 7,286,909 2.66
Manufacturing 188 0.42 5,713,300 2.08
Computer Software 107 0.24 5,274,226 1.92
Printing 175 0.39 3,232,196 1.18
Transportation 135 0.30 2,661,466 0.97
Commercial Retail Fixtures 30 0.07 915,625 0.33
Resources 7 0.02 495,901 0.18
Automotive Diagnostic Equipment 32 0.07 304,722 0.11
Industrial 1 0.00 28,065 0.01
------ ------- ------------ -------
Total 44,582 100.00% $274,051,288 100.00%
====== ======= ============ =======
(1) Includes $153,304 as the largest and $4,877 as the average Required Payoff
Amount
CIT Equipment Trust 2000-1
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 35,661 79.99% $ 60,037,509 21.91%
5,000.01 - 10,000.00 4,431 9.94 30,685,697 11.20
10,000.01 - 15,000.00 1,556 3.49 19,084,002 6.96
15,000.01 - 25,000.00 1,276 2.86 24,292,997 8.86
25,000.01 - 50,000.00 931 2.09 31,834,677 11.62
50,000.01 - 100,000.00 438 0.98 29,798,868 10.87
100,000.01 - 150,000.00 95 0.21 11,788,597 4.30
150,000.01 - 250,000.00 103 0.23 19,193,286 7.00
250,000.01 - 500,000.00 66 0.15 22,250,966 8.12
500,000.01 - 1,000,000.00 19 0.04 12,486,902 4.56
1,000,000.00- 2,000,000.00 1 0.00 4,774,613 1.74
2,000,000.00- 3,000,000.00 - - - -
3,000,000.00- 4,000,000.00 1 0.00 3,169,849 1.16
4,000,000.00- 5,000,000.00 1 0.00 4,653,324 1.70
------ ------- ------------ -------
Total 44,582 100.00% $274,051,288 100.00%
====== ======= ============ =======
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 13,553 30.40% $ 41,308,333 15.07%
13- 24 22,123 49.62 84,669,375 30.90
25- 36 5,568 12.49 69,060,048 25.20
37- 48 3,220 7.22 47,793,929 17.44
49- 60 43 0.10 3,291,796 1.20
61- 72 26 0.06 5,111,845 1.87
73- 84 2 0.00 537,603 0.20
85- 96 11 0.02 4,942,855 1.80
97-108 35 0.08 16,604,694 6.06
109-120 1 0.00 730,810 0.27
------ ------- ------------ -------
Total 44,582 100.00% $274,051,288 100.00%
====== ======= ============ =======
CIT Equipment Trust 2000-1
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
- --------------- --------- --------- ------ ------
Service Organizations(1) 14,680 32.93% $ 81,239,680 29.64%
Manufacturing 3,917 8.79 42,971,533 15.68
Professional(2) 2,890 6.48 38,904,014 14.20
Retail & Wholesale 6,355 14.25 35,542,737 12.97
Other(3) 8,867 19.89 22,289,933 8.13
Financial Services 3,008 6.75 19,484,243 7.11
Transportation 1,566 3.51 15,090,078 5.51
Medical 502 1.13 7,895,521 2.88
Construction 1,823 4.09 6,130,261 2.24
Resources 539 1.21 1,518,783 0.55
Print Center 304 0.68 1,140,953 0.42
Government 102 0.23 976,579 0.36
Machine Tools 29 0.07 866,973 0.32
------ ------- ------------ -------
Total 44,582 100.00% $274,051,288 100.00%
====== ======= ============ =======
(1) Primarily Business Services (26%); Engineering, Accounting and Research
(19%); Membership Organizations (12%); and Other Service Organizations
(20%)
(2) Primarily Healthcare Professionals (81%) and Legal Professionals (13%)
(3) Includes $350,176 as the largest Required Payoff Amount belonging to single
obligor
As shown in the table above, the servicer's records list 8.13% of the total
required payoff amount in the category of "Other" obligor. The servicer notes
that the collateral securing approximately 6.23% of the required payoff amount
represents small ticket computer equipment typically leased to small businesses.
The remaining "Other" obligor category represents approximately 1.90% of the
required payoff amount. The servicer has not analyzed this category to determine
whether or not the contracts included in it could be grouped into some other
more specific type of obligor category.
Obligor Concentration
% of
Number Required Required
Obligors (including contracts of Payoff Payoff
securing vendor loans) Contracts Amount Amount
---------------------- --------- ------ ------
Top 5 337 $15,515,900 5.66%
The industries in which the top 5 obligors conduct business are Manufacturing,
Retail and Wholesale, Medical, and Financial Services.