CIT Equipment Trust 2000-2
General Composition
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)
- --------- ------ ------- ------- -------
52,534 $366,102,587 55.7 months 29.7 months $6,969
(18 to 121 months) (0 to 102 months) ($0 to $3,998,059)
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
- ---------------- --------- --------- ------ ------
True Leases 39,023 74.28% $225,451,643 61.58%
Finance Leases 13,169 25.07 103,170,105 28.18
Loans and other financing arrangements 342 0.65 37,480,840 10.24
------ ------ ------------ ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============ ======
CIT Equipment Trust 2000-2
Geographical Distribution
(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 543 1.03% $ 2,466,136 0.67%
Alaska 97 0.18 847,209 0.23
Arizona 897 1.71 7,188,924 1.96
Arkansas 271 0.52 1,712,274 0.47
California 6,830 13.00 47,201,064 12.89
Colorado 1,057 2.01 5,835,633 1.59
Connecticut 1,010 1.92 6,676,279 1.82
Delaware 446 0.85 1,213,447 0.33
District of Columbia 362 0.69 2,582,198 0.71
Florida 3,228 6.14 21,240,556 5.80
Georgia 1,538 2.93 11,803,177 3.22
Hawaii 38 0.07 125,773 0.03
Idaho 216 0.41 1,389,391 0.38
Illinois 683 1.30 6,900,451 1.88
Indiana 714 1.36 5,381,541 1.47
Iowa 205 0.39 874,763 0.24
Kansas 279 0.53 7,443,684 2.03
Kentucky 426 0.81 2,456,758 0.67
Louisiana 434 0.83 2,088,611 0.57
Maine 46 0.09 184,536 0.05
Maryland 1,112 2.12 6,628,991 1.81
Massachusetts 2,209 4.20 14,980,263 4.09
Michigan 2,037 3.88 16,271,163 4.44
Minnesota 865 1.65 5,989,619 1.64
Mississippi 257 0.49 1,355,122 0.37
Missouri 902 1.72 7,290,328 1.99
Montana 153 0.29 873,612 0.24
Nebraska 173 0.33 1,065,981 0.29
Nevada 295 0.56 1,517,200 0.41
New Hampshire 366 0.70 1,987,233 0.54
New Jersey 3,150 6.00 25,820,517 7.05
New Mexico 270 0.51 1,105,038 0.30
New York 5,224 9.94 34,356,985 9.38
North Carolina 1,337 2.55 8,429,696 2.30
North Dakota 48 0.09 247,082 0.07
Ohio 1,582 3.01 7,640,338 2.09
Oklahoma 489 0.93 2,883,518 0.79
Oregon 588 1.12 6,514,675 1.78
Pennsylvania 2,585 4.92 16,304,325 4.45
Rhode Island 197 0.37 1,079,348 0.29
South Carolina 531 1.01 4,091,705 1.12
South Dakota 54 0.10 317,738 0.09
Tennessee 925 1.76 4,342,624 1.19
Texas 4,157 7.91 31,006,191 8.47
Utah 408 0.78 2,961,203 0.81
Vermont 152 0.29 466,424 0.13
Virginia 1,322 2.52 10,587,885 2.89
Washington 952 1.81 8,945,662 2.44
West Virginia 166 0.32 884,129 0.24
Wisconsin 624 1.19 4,255,432 1.16
Wyoming 84 0.16 290,156 0.08
------ ------ ------------ ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============ ======
CIT Equipment Trust 2000-2
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 48,711 92.72% $344,525,594 94.11%
31-60 days delinquent 2,060 3.92 11,669,482 3.19
61-90 days delinquent 834 1.59 5,248,075 1.43
91-120 days delinquent 428 0.81 2,310,766 0.63
Over 120 days delinquent 501 0.95 2,348,669 0.64
------ ------ ------------ ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============ ======
Types of Equipment
at June 30, 2002
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Equipment Contracts Contracts Amount Amount
- ----------------- --------- --------- ------ ------
Telecommunications 11,373 21.65% $135,317,586 36.96%
Computers & Point-of-Sale 33,811 64.36 123,658,600 33.78
Medical / Healthcare 159 0.30 36,122,869 9.87
Automotive Diagnostic Equipment 3,025 5.76 21,466,666 5.86
General Office Equipment / Copiers 2,466 4.69 19,013,187 5.19
Construction 243 0.46 7,826,457 2.14
Other(1) 689 1.31 7,691,157 2.10
Manufacturing 346 0.66 6,571,342 1.79
Printing 105 0.20 2,711,390 0.74
Transportation 72 0.14 2,186,110 0.60
Computer Software 103 0.20 2,163,724 0.59
Commercial / Retail Fixtures 142 0.27 1,373,499 0.38
------ ------ ------------ ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============ ======
(1) Includes $457,141 as the largest and $11,163 as the average Required Payoff
Amount
CIT Equipment Trust 2000-2
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 40,248 76.61% $ 66,439,986 18.15%
5,000.01 - 10,000.00 6,116 11.64 43,170,841 11.79
10,000.01 - 15,000.00 2,135 4.06 25,879,315 7.07
15,000.01 - 25,000.00 1,780 3.39 34,096,673 9.31
25,000.01 - 50,000.00 1,283 2.44 44,096,991 12.04
50,000.01 - 100,000.00 543 1.03 37,377,779 10.21
100,000.01 - 150,000.00 160 0.30 19,549,787 5.34
150,000.01 - 250,000.00 131 0.25 25,027,549 6.84
250,000.01 - 500,000.00 94 0.18 32,228,416 8.80
500,000.01 - 1,000,000.00 34 0.06 22,957,205 6.27
1,000,000.01 - 1,500,000.00 7 0.01 8,016,342 2.19
1,500,000.01 - 2,500,000.00 2 0.00 3,263,643 0.89
2,500,000.01- 5,000,000.00(1) 1 0.00 3,998,059 1.09
------ ------ ------------ ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============ ======
(1) Includes $3,998,059 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 Contracts Contracts Contracts Amount Amount
- ---------------------------- --------- --------- ------ ------
(months)
0-12 25,388 48.33% $ 74,429,881 20.33%
13-24 14,819 28.21 75,709,030 20.68
25-36 10,050 19.13 135,697,434 37.07
37-48 2,127 4.05 41,009,275 11.20
49-60 58 0.11 7,696,174 2.10
61-72 16 0.03 2,453,925 0.67
73-84 0 0.00 0 0.00
85-96 64 0.12 22,140,175 6.05
97-120 12 0.02 6,966,693 1.90
------ ------ ------------- ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============= ======
CIT Equipment Trust 2000-2
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
- --------------- --------- --------- ------ ------
Service Organizations(1) 21,581 41.08% $139,273,086 38.04%
Manufacturing 5,972 11.37 56,795,913 15.51
Medical/Healthcare 2,247 4.28 52,222,845 14.26
Retail & Wholesale 6,832 13.00 42,120,423 11.51
Transportation 1,771 3.37 17,590,345 4.80
Other(2) 7,304 13.90 23,009,702 6.29
Financial Services 3,673 6.99 21,926,982 5.99
Construction 1,900 3.62 5,966,774 1.63
Printing & Copy Centers 575 1.09 3,565,287 0.97
Resources 472 0.90 1,688,375 0.46
Government 177 0.34 1,638,885 0.45
Machine Tools 30 0.06 303,970 0.08
------ ------ ------------ ------
Total 52,534 100.00% $366,102,587 100.00%
====== ====== ============ ======
(1) Primarily Business Services (51%); Engineering, Accounting and Research
(13%); Other Service Organizations (11%); and Communications (4%).
(2) Includes $457,141 as the largest Required Payoff Amount belonging to a
single obligor.
As shown in the table above, the servicer's records list 6.29% of the total
required payoff amount in the category of "Other" obligor. The servicer notes
that the collateral securing approximately 4.26% of the required payoff amount
represents small ticket computer equipment typically leased to small businesses.
The remaining "Other" obligor category represents approximately 2.03% 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 5 435 $19,887,475 5.43%
The industries in which the top 5 obligors conduct business are Service
Organizations, Manufacturing, Retail and Wholesale Trade, and Financial
Services.
CIT Equipment Trust 2000-2
Scheduled Payment
at June 30, 2002
Collection Scheduled Collection Scheduled
Period Cashflows Period Cashflows
------ --------- ------ ---------
Positive Rent Due $ 8,134,345.59
July-2002 20,356,617.66 November-2006 $556,667.59
August-2002 21,280,987.26 December-2006 535,076.08
September-2002 19,801,457.24 January-2007 535,076.08
October-2002 19,626,139.72 February-2007 535,076.08
November-2002 18,898,799.15 March-2007 528,313.92
December-2002 18,444,679.39 April-2007 543,949.76
January-2003 18,659,890.63 May-2007 505,544.40
February-2003 17,689,333.14 June-2007 492,000.60
March-2003 17,266,490.76 July-2007 492,663.69
April-2003 16,992,570.47 August-2007 429,548.03
May-2003 15,378,254.81 September-2007 462,336.71
June-2003 13,849,346.28 October-2007 411,206.25
July-2003 12,120,612.23 November-2007 411,206.25
August-2003 9,687,546.67 December-2007 411,206.25
September-2003 8,398,050.55 January-2008 411,206.25
October-2003 7,846,546.21 February-2008 411,206.25
November-2003 7,615,384.36 March-2008 411,206.25
December-2003 7,641,593.68 April-2008 411,207.25
January-2004 7,578,253.40 May-2008 408,251.65
February-2004 7,393,827.91 June-2008 408,251.65
March-2004 7,343,827.94 July-2008 408,251.65
April-2004 7,392,585.34 August-2008 408,251.65
May-2004 7,154,828.08 September-2008 408,251.65
June-2004 7,004,573.10 October-2008 408,251.65
July-2004 6,979,336.86 November-2008 408,251.65
August-2004 6,474,870.64 December-2008 408,251.65
September-2004 5,574,697.60 January-2009 408,251.65
October-2004 4,740,578.06 February-2009 408,251.65
November-2004 4,205,598.70 March-2009 408,251.65
December-2004 3,774,772.15 April-2009 408,251.65
January-2005 3,601,011.36 May-2009 408,251.65
February-2005 3,395,390.78 June-2009 408,251.65
March-2005 3,198,256.97 July-2009 408,251.65
April-2005 2,878,562.97 August-2009 408,251.65
May-2005 2,383,223.35 September-2009 408,251.65
June-2005 1,877,437.06 October-2009 386,881.79
July-2005 1,408,647.32 November-2009 352,702.52
August-2005 922,710.29 December-2009 348,414.64
September-2005 757,192.01 January-2010 348,414.64
October-2005 714,305.82 February-2010 348,414.64
November-2005 689,612.72 March-2010 408,076.07
December-2005 680,087.98 April-2010 314,138.63
January-2006 679,720.22 May-2010 237,687.17
February-2006 648,879.59 June-2010 250,611.83
March-2006 646,364.34 July-2010 94,819.91
April-2006 644,324.77 August-2010 36,009.35
May-2006 628,448.74 September-2010 36,009.35
June-2006 632,515.11 October-2010 36,009.35
July-2006 617,786.46 November-2010 21,792.64
August-2006 608,911.36 December-2010 21,792.64
September-2006 594,088.62 January-2011 -
October-2006 584,980.07