CIT EC - EF 2001-A
Composition of Contract Pool
at June 30, 2002
Weighted Weighted Average
Current Average Average Required
Number Required Original Remaining Payoff
of Payoff Term Term Amount
Contracts Amount (Range) (Range) (Range)
- ---------- ------ ------- ------- -------
10,123 $771,910,416 58.7 months 39.2 months $76,253
(13 to 122 months) (7 to 115 months) ($0 to $4,682,697)
Type of Contract
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Contract Contracts Contracts Amount Amount
- ---------------- --------- --------- ------ ------
Leases 3,720 36.75% $279,374,282 36.19%
Loans and other financing arrangements 6,403 63.25 492,536,133 63.81
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
CIT EC - EF 2001-A
Annual Percentage Rate
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Annual Percentage Rate Contracts Contracts Amount Amount
- ---------------------- --------- --------- ------ ------
less than 8.001 146 1.44% $ 17,805,166 2.31%
8.001- 8.500 389 3.84 40,973,870 5.31
8.501- 9.000 955 9.43 110,079,322 14.26
9.001- 9.500 1,308 12.92 126,352,539 16.37
9.501- 10.000 2,173 21.47 154,892,488 20.07
10.001- 10.500 2,143 21.17 139,967,914 18.13
10.501- 11.000 1,400 13.83 87,645,423 11.35
11.001- 11.500 524 5.18 30,559,724 3.96
11.501- 12.000 339 3.35 21,205,326 2.75
12.001- 12.500 238 2.35 13,842,861 1.79
12.501- 13.000 157 1.55 9,344,504 1.21
13.001- 13.500 121 1.20 10,512,536 1.36
13.501- 14.000 88 0.87 3,939,103 0.51
greater than 14.000 142 1.40 4,789,640 0.62
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
Range of Annual Percentage Rates: 6.15% to 18.97%
Weighted Average Annual Percentage Rate: 9.89%
CIT EC - EF 2001-A
Geographical Diversity
(Based on obligor billing address)
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
State Contracts Contracts Amount Amount
- ----- --------- --------- ------ ------
Alabama 202 2.00% $ 13,826,457 1.79%
Alaska 65 0.64 6,685,908 0.87
Arizona 290 2.86 18,995,992 2.46
Arkansas 139 1.37 14,020,374 1.82
California 1,489 14.71 110,082,033 14.26
Colorado 187 1.85 12,325,667 1.60
Connecticut 141 1.39 11,104,300 1.44
Delaware 38 0.38 2,547,574 0.33
District of Columbia 5 0.05 337,569 0.04
Florida 609 6.02 45,854,429 5.94
Georgia 346 3.42 26,171,647 3.39
Hawaii 17 0.17 3,719,060 0.48
Idaho 156 1.54 11,654,097 1.51
Illinois 295 2.91 19,333,587 2.50
Indiana 169 1.67 13,636,805 1.77
Iowa 40 0.40 2,997,366 0.39
Kansas 107 1.06 6,699,138 0.87
Kentucky 101 1.00 12,365,735 1.60
Louisiana 117 1.16 8,706,859 1.13
Maine 72 0.71 6,151,514 0.80
Maryland 190 1.88 15,040,791 1.95
Massachusetts 170 1.68 15,217,220 1.97
Michigan 314 3.10 21,392,080 2.77
Minnesota 96 0.95 6,565,015 0.85
Mississippi 66 0.65 5,073,526 0.66
Missouri 116 1.15 11,844,073 1.53
Montana 50 0.49 2,865,949 0.37
Nebraska 33 0.33 2,928,780 0.38
Nevada 117 1.16 9,209,996 1.19
New Hampshire 63 0.62 5,129,684 0.66
New Jersey 296 2.92 23,026,442 2.98
New Mexico 54 0.53 2,806,335 0.36
New York 636 6.28 46,494,610 6.02
North Carolina 164 1.62 14,072,883 1.82
North Dakota 5 0.05 477,488 0.06
Ohio 332 3.28 21,466,220 2.78
Oklahoma 96 0.95 7,735,786 1.00
Oregon 262 2.59 25,110,603 3.25
Pennsylvania 504 4.98 36,196,020 4.69
Rhode Island 30 0.30 2,859,194 0.37
South Carolina 86 0.85 5,813,434 0.75
South Dakota 12 0.12 932,458 0.12
Tennessee 125 1.23 7,588,759 0.98
Texas 668 6.60 53,693,186 6.96
Utah 238 2.35 15,318,739 1.98
Vermont 44 0.43 3,600,265 0.47
Virginia 208 2.05 15,830,348 2.05
Washington 403 3.98 28,528,551 3.70
West Virginia 43 0.42 7,085,480 0.92
Wisconsin 93 0.92 8,787,614 1.14
Wyoming 24 0.24 2,002,772 0.26
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
CIT EC - EF 2001-A
Payment Status
at June 30, 2002
% 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 9,312 91.99% $711,601,614 92.19%
31-60 days delinquent 344 3.40 27,736,441 3.59
61-90 days delinquent 135 1.33 10,402,632 1.35
91-120 days delinquent 93 0.92 8,960,389 1.16
Over 120 days delinquent 239 2.36 13,209,340 1.71
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
Types of Equipment
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Types of Equipment Contracts Contracts Amount Amount
- ------------------ --------- --------- ------ ------
Construction 4,775 47.17% $355,082,862 46.00%
Manufacturing 1,896 18.73 165,939,603 21.50
Transportation 1,827 18.05 105,931,401 13.72
Printing 747 7.38 52,084,883 6.75
Other(1) 336 3.32 36,986,340 4.79
Commercial / Retail Fixtures 92 0.91 13,941,064 1.81
Medical 53 0.52 13,666,490 1.77
Logging 158 1.56 13,037,262 1.69
Fitness 174 1.72 7,641,944 0.99
Computers 65 0.64 7,598,565 0.98
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
(1) Includes $1,926,885 as the largest and $110,078 as the average Required
Payoff Amount
CIT EC - EF 2001-A
Required Payoff Amount
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Required Payoff Amount Contracts Contracts Amount Amount
- ---------------------- --------- --------- ------ ------
0 - 5,000.00 148 1.46% $ 462,101 0.06%
5,000.01 - 10,000.00 604 5.97 4,657,244 0.60
10,000.01 - 15,000.00 744 7.35 9,351,505 1.21
15,000.01 - 25,000.00 1,432 14.15 28,480,064 3.69
25,000.01 - 50,000.00 2,676 26.43 98,394,338 12.75
50,000.01 - 100,000.00 2,554 25.23 180,237,199 23.35
100,000.01 - 150,000.00 919 9.08 112,197,863 14.54
150,000.01 - 250,000.00 598 5.91 114,487,236 14.83
250,000.01 - 500,000.00 329 3.25 109,636,275 14.20
500,000.01 - 1,000,000.00 81 0.80 54,524,465 7.06
1,000,000.01 - 1,500,000.00 24 0.24 28,142,004 3.65
1,500,000.01 - 2,500,000.00 11 0.11 19,715,586 2.55
2,500,000.00- 5,000,000.00(1) 3 0.03 11,624,535 1.51
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
(1) Includes $4,682,697 as the largest Required Payoff Amount.
Remaining Term
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Remaining Terms of Contract Contracts Contracts Amount Amount
- --------------------------- --------- --------- ------ ------
(months)
0-12 454 4.48% $ 10,163,865 1.32%
13-24 1,399 13.82 64,745,912 8.39
25-36 4,364 43.11 269,189,332 34.87
37-48 3,153 31.15 294,749,734 38.18
49-60 560 5.53 90,130,599 11.68
61-72 164 1.62 32,069,230 4.15
73-84 21 0.21 6,158,796 0.80
85-96 2 0.02 1,114,426 0.14
97-108 5 0.05 3,109,403 0.40
109-120 1 0.01 479,119 0.06
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
CIT EC - EF 2001-A
Types of Obligor
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Obligor Contracts Contracts Amount Amount
- --------------- --------- --------- ------ ------
Construction 4,222 41.71% $280,697,229 36.36%
Manufacturing 2,213 21.86 211,495,101 27.40
Transportation 843 8.33 63,892,555 8.28
Services 637 6.29 48,490,660 6.28
Retail & Wholesale Trade 544 5.37 43,786,395 5.67
Printing 669 6.61 42,654,562 5.53
Other(1) 467 4.61 34,322,035 4.45
Mining, Forestry, Fishing 211 2.08 22,670,769 2.94
Healthcare 58 0.57 13,429,798 1.74
Agriculture 259 2.56 10,471,313 1.36
------ ------ ------------ ------
Total 10,123 100.00% $771,910,416 100.00%
====== ====== ============ ======
(1) Includes $1,197,295 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 $22,355,677 2.90%
The industries in which the top 5 obligors conduct business are Construction,
Manufacturing, Retail and Wholesale Trade and Healthcare.
CIT EC - EF 2001-A
Scheduled Cashflows from Contracts
at June 30, 2002
Positive Rent Due 10,618,238.51
Adj. RPA of Defaulted Contracts 10,076,095.44
Collection Scheduled Scheduled Collection Scheduled Scheduled
Period Interest Principal Period Interest Principal
------ -------- --------- ------ --------- ---------
July-2002 $6,188,099.52 $17,301,166.33 February-2007 $109,211.32 $1,204,379.32
August-2002 6,044,902.44 19,373,943.74 March-2007 99,492.33 1,171,647.51
September-2002 5,885,009.12 19,272,400.35 April-2007 89,930.37 1,061,229.12
October-2002 5,725,681.77 19,449,511.71 May-2007 81,351.34 1,455,408.03
November-2002 5,564,910.02 19,218,529.04 June-2007 69,259.28 958,246.39
December-2002 5,406,168.79 19,458,994.16 July-2007 61,622.87 711,870.18
January-2003 5,245,417.99 17,928,679.88 August-2007 55,915.98 684,347.62
February-2003 5,096,958.69 17,737,318.43 September-2007 50,409.09 633,438.64
March-2003 4,949,854.58 18,202,027.50 October-2007 45,339.43 638,204.91
April-2003 4,799,102.36 18,950,403.51 November-2007 40,214.52 575,700.74
May-2003 4,642,274.45 19,353,274.23 December-2007 35,630.24 444,591.71
June-2003 4,482,285.35 20,224,319.78 January-2008 32,114.52 357,016.86
July-2003 4,315,036.66 20,418,385.59 February-2008 29,293.15 343,458.83
August-2003 4,146,272.49 19,736,503.48 March-2008 26,583.47 374,617.41
September-2003 3,982,708.33 19,693,727.77 April-2008 23,589.45 459,115.31
October-2003 3,819,548.79 19,877,361.28 May-2008 19,967.94 221,008.33
November-2003 3,654,858.89 19,679,881.63 June-2008 18,253.27 190,786.38
December-2003 3,491,939.51 19,744,902.86 July-2008 16,764.23 141,534.83
January-2004 3,328,500.65 18,321,927.99 August-2008 15,634.11 229,187.39
February-2004 3,176,569.10 18,048,462.81 September-2008 13,871.03 98,904.06
March-2004 3,026,827.32 18,123,346.44 October-2008 13,085.31 84,591.37
April-2004 2,876,498.14 18,974,496.70 November-2008 12,404.62 80,407.55
May-2004 2,719,652.48 19,924,926.63 December-2008 11,761.96 81,050.21
June-2004 2,556,506.24 20,744,959.01 January-2009 11,114.09 60,065.40
July-2004 2,385,361.17 18,894,975.89 February-2009 10,617.99 60,561.50
August-2004 2,228,994.84 18,219,272.17 March-2009 10,117.73 61,061.76
September-2004 2,078,660.75 17,589,665.04 April-2009 9,613.28 83,198.89
October-2004 1,933,374.12 17,161,900.13 May-2009 8,948.38 66,067.41
November-2004 1,791,572.75 16,104,221.96 June-2009 8,426.23 63,103.84
December-2004 1,659,089.47 15,851,046.59 July-2009 7,927.02 41,970.37
January-2005 1,528,895.63 13,894,280.19 August-2009 7,581.27 42,316.12
February-2005 1,414,379.48 13,234,250.70 September-2009 7,232.62 42,664.77
March-2005 1,305,263.75 12,700,396.81 October-2009 6,881.05 43,016.34
April-2005 1,200,563.35 12,463,388.61 November-2009 6,526.51 43,370.88
May-2005 1,097,935.54 11,838,327.31 December-2009 6,169.00 43,728.39
June-2005 1,000,408.77 11,423,823.36 January-2010 5,808.48 43,318.10
July-2005 906,168.70 10,653,316.76 February-2010 5,451.30 43,675.28
August-2005 818,516.45 10,222,292.94 March-2010 5,090.81 44,035.77
September-2005 734,678.83 9,033,042.57 April-2010 4,727.28 44,399.30
October-2005 660,577.34 8,902,744.60 May-2010 4,360.69 44,765.89
November-2005 587,497.14 7,576,465.39 June-2010 3,991.01 45,135.57
December-2005 525,795.02 6,745,612.34 July-2010 3,618.21 45,508.37
January-2006 471,242.79 5,628,838.29 August-2010 3,242.27 45,884.31
February-2006 426,045.44 5,202,054.71 September-2010 2,863.15 46,263.43
March-2006 384,424.67 6,671,930.68 October-2010 2,480.51 45,333.07
April-2006 331,266.83 4,639,077.59 November-2010 2,114.91 45,698.67
May-2006 294,437.86 4,298,583.40 December-2010 1,746.35 41,383.65
June-2006 259,646.17 4,151,176.15 January-2011 1,412.87 41,717.13
July-2006 227,001.55 2,799,845.21 February-2011 1,076.71 42,053.29
August-2006 204,742.72 3,084,712.71 March-2011 738.80 37,596.20
September-2006 180,484.65 1,938,596.64 April-2011 438.66 15,293.64
October-2006 164,823.13 1,783,721.89 May-2011 313.18 15,419.12
November-2006 150,370.86 1,648,801.30 June-2011 186.68 15,545.62
December-2006 137,092.66 2,255,461.67 July-2011 56.99 6,631.01
January-2007 119,583.28 1,284,015.98 August-2011 - -