CIT Equipment Trust 2000-2
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)
- --------- -------- --------- --------- --------
60,383 $542,328,288 51.3 months 31.1 months $8,981
(13 to 121 months) (0 to 110 months) ($0 to $5,496,849)
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 44,081 73.00% $345,240,813 63.66%
Finance Leases 15,931 26.38 154,151,595 28.42
Loans and other financing arrangements 371 .61 42,935,880 7.92
--------------------------------------------------------------
Total 60,383 100.00% $542,328,288 100.00%
==============================================================
CIT Equipment Trust 2000-2
Geographical Distribution
(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
- ----- --------- --------- ------ -------
Alabama 617 1.02% $ 3,424,539 0.63%
Alaska 104 0.17 1,055,104 0.19
Arizona 1,122 1.86 10,820,092 2.00
Arkansas 329 0.54 2,319,150 0.43
California 8,026 13.29 74,249,259 13.69
Colorado 1,236 2.05 9,262,420 1.71
Connecticut 1,138 1.88 8,919,924 1.64
Delaware 471 0.78 1,860,135 0.34
District of Columbia 408 0.68 3,552,604 0.66
Florida 3,710 6.14 30,106,810 5.55
Georgia 1,799 2.98 16,512,044 3.04
Hawaii 47 0.08 193,182 0.04
Idaho 247 0.41 1,875,501 0.35
Illinois 860 1.42 11,777,147 2.17
Indiana 820 1.36 7,716,538 1.42
Iowa 243 0.4 1,245,788 0.23
Kansas 321 0.53 11,099,965 2.05
Kentucky 510 0.84 3,398,296 0.63
Louisiana 503 0.83 3,162,813 0.58
Maine 53 0.09 470,555 0.09
Maryland 1,293 2.14 10,425,770 1.92
Massachusetts 2,562 4.24 24,503,009 4.52
Michigan 2,305 3.82 22,333,079 4.12
Minnesota 966 1.6 9,027,420 1.66
Mississippi 288 0.48 2,359,944 0.44
Missouri 1,001 1.66 10,860,303 2.00
Montana 173 0.29 1,169,321 0.22
Nebraska 197 0.33 1,432,901 0.26
Nevada 364 0.6 2,391,022 0.44
New Hampshire 407 0.67 2,668,424 0.49
New Jersey 3,449 5.71 35,883,917 6.62
New Mexico 305 0.51 1,592,957 0.29
New York 5,802 9.61 49,611,143 9.15
North Carolina 1,516 2.51 12,231,872 2.26
North Dakota 52 0.09 339,446 0.06
Ohio 1,854 3.07 11,598,995 2.14
Oklahoma 562 0.93 4,790,311 0.88
Oregon 687 1.14 8,199,115 1.51
Pennsylvania 2,852 4.72 24,647,047 4.54
Rhode Island 221 0.37 1,512,838 0.28
South Carolina 607 1.01 5,461,991 1.01
South Dakota 60 0.1 409,824 0.08
Tennessee 1,102 1.83 6,744,295 1.24
Texas 4,856 8.04 46,709,231 8.61
Utah 470 0.78 4,145,871 0.76
Vermont 178 0.29 732,153 0.14
Virginia 1,579 2.61 14,951,954 2.76
Washington 1,106 1.83 14,026,307 2.59
West Virginia 189 0.31 1,185,793 0.22
Wisconsin 720 1.19 6,931,352 1.28
Wyoming 96 0.16 428,817 0.08
------ ------ ------------ ------
Total 60,383 100.00% $542,328,288 100.00%
====== ====== ============ ======
CIT Equipment Trust 2000-2
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 55,130 91.30% $501,237,492 92.42%
31-60 days delinquent 2,834 4.69 20,572,602 3.79
61-90 days delinquent 1,099 1.82 9,141,638 1.69
91-120 days delinquent 640 1.06 5,516,960 1.02
Over 120 days delinquent 680 1.13 5,859,596 1.08
------ ------ ------------ ------
Total 60,383 100.00% $542,328,288 100.00%
====== ====== ============ ======
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
- ---------------- --------- --------- -------- --------
Computers & Point-of-Sale 39,132 64.81% $222,159,246 40.96%
Telecommunications 12,281 20.34 175,283,001 32.32
Medical/Healthcare 174 0.29 40,438,834 7.46
Automotive Diagnostic Equipment 3,389 5.61 28,082,174 5.18
General Office Equipment 2,727 4.52 25,851,041 4.77
Other(1) 1,504 2.49 16,031,006 2.96
Construction 283 0.47 12,148,315 2.24
Manufacturing 390 0.65 9,311,978 1.72
Computer Software 138 0.23 4,703,232 0.87
Printing 117 0.19 3,610,648 0.67
Transportation 79 0.13 2,695,593 0.50
Commercial / Retail Fixtures 169 0.28 2,013,220 0.37
------ ------ ------------- ------
Total 60,383 100.00% $542,328,288 100.00%
====== ====== ============ ======
(1) Includes $1,017,547 as the largest and $10,659 as the average Required
Payoff Amount
CIT Equipment Trust 2000-2
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 42,348 70.13% $ 85,702,954 15.80%
5,000.01 - 10,000.00 8,643 14.31 61,112,439 11.27
10,000.01 - 15,000.00 3,292 5.45 39,971,389 7.37
15,000.01 - 25,000.00 2,669 4.42 51,310,842 9.46
25,000.01 - 50,000.00 1,956 3.24 67,346,818 12.4
50,000.01 - 100,000.00 810 1.34 55,274,885 10.19
100,000.01 - 150,000.00 251 0.00 30,296,189 5.59
150,000.01 - 250,000.00 202 0.00 38,629,739 7.12
250,000.01 - 500,000.00 143 0.00 49,641,562 9.15
500,000.01 - 1,000,000.00 51 0.00 34,987,672 6.45
1,000,000.01 - 1,500,000.00 12 0.00 13,567,729 2.50
1,500,000.01 - 2,500,000.00 5 0.00 8,989,221 1.66
2,500,000.01 - 5,000,000.00 - 0.00 - 0.00
5,000,000.01 >= 1 0.00 5,496,849 1.01
------- ------ ------------- ------
Total 60,383 100.00% $542,328,288 100.00%
====== ====== ============ ======
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 10,948 18.13% $ 59,680,690 11.00%
13- 24 34,654 57.39 200,013,690 36.88
25- 36 8,415 13.94 120,203,120 22.16
37- 48 6,167 10.21 115,669,431 21.33
49- 60 71 0.12 6,934,993 1.28
61- 72 45 0.07 7,404,879 1.37
73- 84 2 0.00 273,495 0.05
85- 96 14 0.02 4,214,191 0.78
97-120 67 0.11 27,933,799 5.13
------ ------ ------------ ------
Total 60,383 100.00% $542,328,288 100.00%
====== ====== ============ ======
CIT Equipment Trust 2000-2
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) 24,809 41.09% $200,249,013 36.92%
Manufacturing 7,098 11.75 92,092,030 16.98
Medical/Healthcare 2,473 4.10 61,609,837 11.36
Retail & Wholesale 7,844 12.99 59,594,412 10.99
Other(2) 8,121 13.45 38,695,390 7.14
Transportation 2,161 3.58 36,788,791 6.78
Financial Services 4,179 6.92 32,890,758 6.06
Construction 2,160 3.58 8,984,647 1.66
Printing & Copy Centers 667 1.10 5,480,173 1.01
Government 236 0.39 2,897,968 0.53
Resources 600 0.99 2,612,605 0.48
Machine Tools 35 0.06 432,664 0.08
------ ------ ------------ ------
Total 60,383 100.00% $542,328,288 100.00%
====== ====== ============ ======
(1) Primarily Business Services (53.9%); Engineering, Accounting and Research
(14.4%); Other Service Organizations (10.3%); and Communications (9.7%)
(2) Includes $581,712 as the largest required payoff amount belonging to a
single obligor.
As shown in the table above, the servicer's records list 7.14% of the total
required payoff amount in the category of "Other" obligor. The servicer notes
that the collateral securing approximately 4.24% of the required payoff amount
represents small ticket computer equipment typically leased to small businesses.
The remaining "Other" obligor category represents approximately 2.90% 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 5 479 $27,336,318 5.04%
The industries in which the top 5 obligors conduct business are Service
Organizations, Manufacturing, and Retail and Wholesale.