Exhibit 99.1 - Pool Data Report
CIT Equipment Collateral 2002-VT1
Composition of Contract Pool
at December 31, 2004
Weighted Weighted Average
Current Average Average Required
Number Required Original Remaining Payoff
of Payoff Term Term Amount
Contracts Amount (Range) (Range) (Range)
--------- ------------ ------------ ------------ ------------------
26,829 $144,828,138 59.37 months 19.66 months 5,398
($0 to $4,196,789)
Type of Contract
at December 31, 2004
% of % of
Total Required Required
Number Number Payoff Payoff
of of Amount Amount
------ ------ ----------- --------
True Leases 16,471 61.39 97,158,352 67.09%
Finance Lease 10,358 38.61 47,669,786 32.91
------ ------ ----------- ------
Total 26,829 100.00% 144,828,138 100.00%
====== ====== =========== ======
CIT Equipment Collateral 2002-VT1
Geographical Distribution
(Based on obligor billing address)
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
State Contracts Contracts Amount Amount
- ----- --------- --------- ----------- --------
Alabama 257 0.96% 735,987 0.51%
Alaska 54 0.20 127,647 0.09
Arizona 349 1.30 964,438 0.67
Arkansas 127 0.47 273,252 0.19
California 3,552 13.24 15,533,635 10.73
Colorado 527 1.96 1,807,843 1.25
Connecticut 419 1.56 2,973,386 2.05
Delaware 119 0.44 382,749 0.26
District of Columbia 89 0.33 133,196 0.09
Florida 1,859 6.93 6,295,200 4.35
Georgia 708 2.64 5,145,518 3.55
Hawaii 67 0.25 160,269 0.11
Idaho 76 0.28 214,368 0.15
Illinois 824 3.07 11,054,544 7.63
Indiana 337 1.26 1,936,085 1.34
Iowa 162 0.60 974,565 0.67
Kansas 133 0.50 827,833 0.57
Kentucky 168 0.63 563,952 0.39
Louisiana 250 0.93 1,244,803 0.86
Maine 41 0.15 54,279 0.04
Maryland 555 2.07 2,095,426 1.45
Massachusetts 1,055 3.93 5,350,621 3.69
Michigan 853 3.18 6,011,365 4.15
Minnesota 474 1.77 3,042,017 2.10
Mississippi 143 0.53 587,629 0.41
Missouri 278 1.04 1,421,188 0.98
Montana 62 0.23 123,082 0.08
Nebraska 73 0.27 292,572 0.20
Nevada 158 0.59 482,242 0.33
New Hampshire 141 0.53 394,745 0.27
New Jersey 1,963 7.32 21,882,340 15.11
New Mexico 149 0.56 315,949 0.22
New York 2,695 10.05 13,847,663 9.56
North Carolina 640 2.39 3,154,944 2.18
North Dakota 21 0.08 290,987 0.20
Ohio 719 2.68 3,105,186 2.14
Oklahoma 220 0.82 688,346 0.48
Ontario 2 0.01 1,573 0.00
Oregon 405 1.51 1,345,903 0.93
Other 3 0.01 2,804 0.00
Pennsylvania 1,408 5.25 6,538,265 4.51
Rhode Island 138 0.51 474,933 0.33
South Carolina 301 1.12 1,636,562 1.13
South Dakota 57 0.21 169,333 0.12
Tennessee 424 1.58 2,875,561 1.99
Texas 1,819 6.78 7,112,080 4.91
Utah 142 0.53 844,275 0.58
Vermont 52 0.19 240,489 0.17
Virginia 603 2.25 2,337,801 1.61
Washington 698 2.60 4,303,176 2.97
West Virginia 98 0.37 439,641 0.30%
Wisconsin 315 1.17 1,928,178 1.33
Wyoming 47 0.18 87,715 0.06
------ ---- ----------- ----
26,829 100% 144,828,138 100
====== ==== =========== ====
CIT Equipment Collateral 2002-VT1
Payment Status
at December 31, 2004
% 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 25,034 93.31% 139,168,669 96.09%
31- 60 days delinquent 875 3.26 3,294,028 2.27
61- 90 days delinquent 389 1.45 1,038,697 0.72
91-120 days delinquent 231 0.86 474,724 0.33
Over 120 days delinquent 300 1.12 852,021 0.59
------ ------ ----------- ------
Total 26,829 100.00% 144,828,138 100.00%
====== ====== =========== ======
Equipment Type
at December 31, 2004
% of
Number Required
Finance Lease Number of Payoff Required
Type of Equipment Contracts Contracts Amount Amount
- ----------------- --------- --------- ----------- ----------
Telecommunciations 7739 28.85% 100,403,793 69.33%
General Office
Equipment/Copiers 3111 11.60 19,036,225 13.14
Computers 14152 52.75 14,387,043 9.93
Automotive 1429 5.33 8,770,904 6.06
Other (1) 361 1.35 2,061,896 1.42
Software 19 0.07 88,372 0.06
Resources 7 0.03 33,756 0.02
Transportation 4 0.01 23,993 0.02
Industrial 6 0.02 11,608 0.01
Machine Tools 1 0.00 10,548 0.01
------ ------ ----------- ------
26,829 100.00% 144,828,138 100.00%
====== ====== =========== ======
(1) Includes $95,421.8 as the largest and $5,711.6 as the average Required
Payoff Amount
Telecommunications
CIT Equipment Collateral 2002-VT1
Required Payoff Amount
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Required Payoff Amount Contracts Contracts Amount Amount
- ---------------------- --------- --------- ------------ --------
0.01 - 5,000.00 21,686 80.83% $ 28,313,298 19.55%
5,000.01 - 10,000.00 2,437 9.08 16,979,381 11.72
10,000.01 - 15,000.00 1,034 3.85 12,653,837 8.74
15,000.01 - 25,000.00 809 3.02 15,246,410 10.53
25,000.01 - 50,000.00 507 1.89 17,356,318 11.98
50,000.01 - 100,000.00 218 0.81 14,808,801 10.23
100,000.01 - 150,000.00 55 0.21 6,498,661 4.49
150,000.01 - 250,000.00 44 0.16 8,447,726 5.83
250,000.01 - 500,000.00 26 0.10 8,661,414 5.98
500,000.01 - 1,000,000.00 7 0.03 5,039,064 3.48
1,000,000.01 - 1,500,000.00 4 0.01 4,668,881 3.22
1,500,000.01 - 2,500,000.00 1 0.00 1,957,559 1.35
2,500,000.01 - 4,196,789.00 1 0.00 4,196,789 2.90%
------ ------ ------------ ------
Total 26,829 100.00% 144,828,138 100.00
====== ====== ============ ======
Remaining Term
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Remaining Terms of Contracts Contracts Contracts Amount Amount
- ---------------------------- --------- --------- ------------ --------
months
0- 12* 15,057 56.12% 18,188,896 12.56%
13- 24 10,481 39.07 99,718,557 68.85
25- 36 1,281 4.77 19,189,502 13.25
37- 48 10 0.04 7,731,183 5.34
------ ----- ------------ ------
Total 26,829 100.0% $144,828,138 100.00%
====== ===== ============ ======
* Include 490 contracts with <0 Remaining Term. Total RPA amount amounted to
$421,430.
CIT Equipment Collateral 2002-VT1
Types of Obligor
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Obligor Contracts Contracts Amount Amount
- --------------- --------- --------- ----------- --------
Services Organizations (1) 10,467 39.01% 66,177,133 45.69%
Manufacturing 2,181 8.13 19,286,083 13.32
Financial Services Institutions 2,041 7.61 12,880,688 8.89
Wholesale Trade 1,236 4.61 8,926,064 6.16
Retail Trade 1,898 7.07 8,395,033 5.80
Medical/Healthcare Organizations 1,215 4.53 7,216,616 4.98
Other (2) 5,356 19.96 5,061,833 3.50
Communications & Utilities 288 1.07 4,815,591 3.33
Transportation 428 1.60 4,786,835 3.31
Construction 922 3.44 2,890,693 2.00
Printing & Publishing 303 1.13 2,198,351 1.52
Public Administration 260 0.97 1,397,295 0.96
Resources & Agriculture 234 0.87 795,924 0.55
------ ------ ----------- ------
Total 26,829 100.00% 144,828,138 100.00%
====== ====== =========== ======
(1) Primarily: Miscellaneous Services Organizations (30.1%); Engineering,
Accounting and Research (15.6%); Auto Repair Services & Parts (14.1%);
Business Services (8.3%); and Membership Organizations (7.4%).
(2) Includes $169,341 as the largest required payoff amount relating to a single
obligor.
As shown in the table above, the servicer's records lists 3.50% of the
total required payoff amount in the category of "Other" types of obligor.
The servicer notes that the collateral securing approximately 2.60% of the
required payoff amount represents small ticket computer equipment typically
leased to small businesses. The remaining "Other" obligor category represents
approximately 0.90% 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 % of Total Required Required
Obligors (including contracts of Number of Payoff Payoff
securing vendor loans) Contracts Contracts Amount Amount
- ----------------------------- --------- ---------- ----------- -------
Top 5 Obligors 59 0.22% $12,305,778 8.50%
The Top 5 obligors conduct business in the Services, Manufacturing,
Transportation and Financial Institution industries.
CIT Equipment Trust 2002-VT1
Scheduled Payments from the Contracts
at December 31, 2004
Collection Scheduled
Period Cashflows
- ----------------- ------------
Positive Rent Due 2,633,343.68
January-2005 7,882,266.76
February-2005 8,718,939.26
March-2005 8,345,954.06
April-2005 8,479,935.24
May-2005 8,246,223.86
June-2005 8,194,325.61
July-2005 7,940,554.19
August-2005 7,719,857.74
September-2005 7,538,755.62
October-2005 7,270,595.32
November-2005 7,065,954.35
December-2005 6,886,765.48
January-2006 6,627,574.22
February-2006 6,234,209.17
March-2006 5,811,309.78
April-2006 5,337,041.03
May-2006 4,890,048.38
June-2006 4,384,957.63
July-2006 3,983,837.30
August-2006 3,405,834.95
September-2006 2,822,470.09
October-2006 2,181,117.76
November-2006 1,809,721.34
December-2006 1,399,812.90
January-2007 998,458.46
February-2007 566,360.66
March-2007 397,694.62
April-2007 362,654.43
May-2007 317,772.92
June-2007 248,415.91
July-2007 244,134.46
August-2007 240,891.92
September-2007 239,451.77
October-2007 237,479.35
November-2007 235,771.97
December-2007 225,413.11
January-2008 225,414.11
February-2008 89,088.23
March-2008 33,618.83
April-2008 33,618.83
May-2008 33,618.83
June-2008 33,618.83
July-2008 33,618.83
August-2008 33,618.83
September-2008 33,619.83
October-2008 11,345.63
November-2008 6,519.36
December-2008 6,276.76