8-K 1 a39535.txt CIT RV TRUST 1998-A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event Reported): February 18, 2005 CIT RV Trust 1998-A (Exact Name of Registrant as Specified in its Charter) Delaware 000-24495 36-4232666 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 1 CIT Drive 07039-5703 Livingston, New Jersey (Zip Code) (Address of principal executive offices and zip code) Registrants' telephone number, including area code: (973) 740-5000 c/o The CIT Group/Sales Financing, Inc. 1 CIT Drive Livingston, New Jersey 07039 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS (c.) Exhibits. The following are filed herewith. The exhibit numbers correspond with Item 601 of Regulation S-K.

~~CIT~~EXHIBIT ~~RV TRUST 1998-A Cutoff Date: December 31, 2003 The percentages and balances set forth in each of the following tables may not total due to rounding~~NO. ~~GEOGRAPHIC~~DESCRIPTION DISTRIBUTION OF CONTRACTS (1) % OF CONTRACT % OF CONTRACT NUMBER OF POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING STATE CUT-~~OFF DATE CUT~~-~~OFF DATE AS OF CUT~~-~~OFF DATE AS OF CUT~~-~~OFF DATE~~ ----- -~~-----------~~ ------------ ~~------------------ ------------------ Alabama 46 1~~99.~~41% $~~1~~,548,824~~ ~~1.69%~~Pool ~~Alaska~~Data 2 0.06% 100,020 0.11% Arizona 177 5.43% 5,934,335 6.49% Arkansas 85 2.61% 1,558,391 1.70% California 473 14.52% 12,736,240 13.92% Colorado 91 2.79% 2,459,356 2.69% Connecticut 20 0.61% 378,539 0.41% Delaware 2 0.06% 73,591 0.08% Florida 215 6.60% 6,977,107 7.63% Georgia 81 2.49% 1,985,762 2.17% Hawaii 1 0.03% 10,895 0.01% Idaho 22 0.68% 538,979 0.59% Illinois 83 2.55% 1,947,063 2.13% Indiana 37 1.14% 1,027,481 1.12% Iowa 7 0.21% 218,556 0.24% Kansas 64 1.96% 1,231,680 1.35% Kentucky 14 0.43% 343,500 0.38% Louisiana 32 0.98% 1,192,259 1.30% Maine 10 0.31% 518,911 0.57% Maryland 38 1.17% 831,264 0.91% Massachusetts 51 1.57% 1,019,732 1.11% Michigan 36 1.10% 1,359,308 1.49% Minnesota 22 0.68% 1,050,992 1.15% Mississippi 20 0.61% 574,734 0.63% Missouri 134 4.11% 2,777,710 3.04% Montana 9 0.28% 182,050 0.20% Nebraska 9 0.28% 113,210 0.12% Nevada 71 2.18% 2,102,909 2.30% New Hampshire 10 0.31% 252,220 0.28% New Jersey 30 0.92% 708,615 0.77% New Mexico 41 1.26% 1,701,085 1.86% New York 62 1.90% 1,545,916 1.69% North Carolina 61 1.87% 2,413,841 2.64% North Dakota 1 0.03% 104,356 0.11% Ohio 29 0.89% 1,485,418 1.62% Oklahoma 184 5.65% 3,971,956 4.34% Oregon 94 2.89% 3,186,875 3.48% Pennsylvania 39 1.20% 824,365 0.90% Rhode Island 17 0.52% 236,980 0.26% South Carolina 25 0.77% 847,996 0.93% South Dakota 5 0.15% 133,870 0.15% Tennessee 38 1.17% 1,117,309 1.22% Texas 528 16.21% 14,742,473 16.11% Utah 17 0.52% 746,440 0.82% Vermont 3 0.09% 41,288 0.05% Virginia 22 0.68% 570,274 0.62% Washington 161 4.94% 4,742,866 5.18% West Virginia 5 0.15% 63,950 0.07% Wisconsin 19 0.58% 773,779 0.85% Wyoming 11 0.34% 434,755 0.48% Other (2) 4 0.12% 61,881 0.07% -------- ---------- ------------- ---------- 3,258 100.00% $91,501,907 100.00% ======== ========== ============= ========== (1) In most cases, based on the mailing addresses of the Obligors as of the Cut-off Date. (2) Generally includes foreign address locationsReport

SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the Undersigned hereunto duly authorized. CIT RV TRUST 1998-A By: THE CIT GROUP / SALES FINANCING, INC., as Servicer By: /s/ Usama Ashraf ------------------------------- Name: Usama Ashraf Title: Vice President Dated: February 18, 2005

RANGE OF CONTRACT RATES % OF CONTRACT % OF CONTRACT NUMBER OF POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL RANGE OF CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING CONTRACT RATES CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE -------------- ------------ ------------ ------------------ ------------------ 0.00% - 7.49% (1) 21 0.64% $1,087,821 1.19% 7.50% - 7.99% 50 1.53% 4,093,702 4.47% 8.00% - 8.99% 532 16.33% 30,461,383 33.29% 9.00% - 9.99% 921 28.27% 28,509,897 31.16% 10.00% - 10.99% 793 24.34% 15,219,981 16.63% 11.00% - 11.99% 482 14.79% 7,146,415 7.81% 12.00% - 12.99% 262 8.04% 3,084,361 3.37% 13.00% - 13.99% 130 3.99% 1,329,316 1.45% 14.00% - 14.99% 53 1.63% 461,882 0.50% 15.00% - 15.99% 11 0.34% 76,821 0.08% 16.00% - 16.99% 1 0.03% 10,072 0.01% 18.00% - 18.99% 1 0.03% 11,878 0.01% 19.00% - 19.99% 1 0.03% 8,378 0.01% -------- --------- ------------- ----------- 3,258 100.00% $91,501,907 100.00% ======== ========= ============= =========== (1) Generally represents repossessed contracts or contracts subject to the Soldiers' and Sailors' Civil Relief Act.

RANGE OF REMAINING MATURITIES % OF CONTRACT % OF CONTRACT NUMBER OF POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL RANGE OF REMAINING CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING MATURITIES IN MONTHS CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE -------------------- ------------ ------------ ------------------ ------------------ 0 - 12 months 75 2.30% $103,504 0.11% 13 - 24 months 132 4.05% 428,281 0.47% 25 - 36 months 109 3.35% 548,609 0.60% 37 - 48 months 137 4.21% 1,201,958 1.31% 49 - 60 months 500 15.35% 4,889,824 5.34% 61 - 72 months 211 6.48% 2,990,851 3.27% 73 - 84 months 648 19.89% 9,689,139 10.59% 85 - 96 months 38 1.17% 1,108,400 1.21% 97 - 108 months 336 10.31% 13,571,913 14.83% 109 - 120 months 917 28.15% 39,986,327 43.70% 121 - 132 months 19 0.58% 1,323,024 1.45% 133 - 144 months 3 0.09% 211,578 0.23% 145 - 156 months 2 0.06% 126,801 0.14% 157 - 168 months 40 1.23% 4,650,803 5.08% 169 - 180 months 91 2.79% 10,670,895 11.66% ---------- ---------- ------------- ----------- 3,258 100.00% $91,501,907 100.00% ========== ========== ============= =========== 4

COLLATERAL TYPE DISTRIBUTION % OF CONTRACT % OF CONTRACT NUMBER OF POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING COLLATERAL TYPE CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE --------------- ------------ ------------ ------------------ ------------------ Motor Homes 1549 47.54% $67,873,359 74.18% Fifth Wheel 722 22.16% 13,650,930 14.92% Travel Trailer 776 23.82% 7,775,090 8.50% Other 211 6.48% 2,202,528 2.41% -------- ---------- -------------- ------------ Total 3,258 100.00% $91,501,907 100.00% ======== ========== ============== ============

DELINQUENCY STATUS DISTRIBUTION % OF CONTRACT % OF CONTRACT NUMBER OF POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING DELINQUENCY STATUS CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE ------------------ ------------ ------------ ------------------ ------------------ Current, including 1 to 29 2,841 87.20% $78,119,950 85.38% days delinquent 30 to 59 days 77 2.36% 1,818,885 1.99% 60 to 89 days 42 1.29% 746,874 0.82% 90 to 119 days 25 0.77% 655,958 0.72% 120 to 149 days 26 0.80% 506,459 0.55% 150 to 179 days 17 0.52% 590,575 0.65% 180+ days 87 2.67% 2,732,336 2.99% Repossession Status 143 4.39% 6,330,871 6.92% -------- --------- ------------ ---------- 3,258 100.00% $91,501,907 100.00% ======== ========= ============ ==========

RANGE OF PRINCIPAL BALANCE OUTSTANDING PRINCIPAL TOTAL MINIMUM MAXIMUM AVERAGE BALANCE AS OF BALANCE AS OF BALANCE AS OF BALANCE AS OF BALANCE TYPE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE ------------ ------------ ------------ ------------ ------------ Original $124,550,647 $5,094 $425,000 $38,229 Current $91,501,907 $33 $346,911 $28,085

NEW VS. USED COLLATERAL DISTRIBUTION % OF CONTRACT % OF CONTRACT NUMBER OF POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING NEW VS. USED CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE ------------ ------------ ------------ ------------------ ------------------ New 2,004 61.51% $61,223,888 66.91% Used 1,254 38.49% 30,278,020 33.09% ------------------- -------------------------- ------------------------- ------------------------- 3,258 100.00% $91,501,907 100.00% =================== ========================== ========================= =========================

RANGE OF CREDIT SCORES MINIMUM AS OF MAXIMUM AS OF WEIGHTED AVERAGE AS OF SCORE TYPE ORIGINATION DATE ORIGINATION DATE ORIGINATION DATE ---------- ---------------- ---------------- ---------------- FICO 504 823 677 Custom 85 303 195

MINIMUM, MAXIMUM AND WEIGHTED AVERAGE DISTRIBUTION MINIMUM AS OF MAXIMUM AS OF WEIGHTED AVERAGE AS OF DISTRIBUTION TYPE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE ----------------- ------------ ------------ ------------ Contract Rate 0.00% 19.00% 9.00% Original Term 36 months 242 months 180 months Current Term 0 months 176 months 110 months

Filing Compare · CIT RV TRUST 1998-A