EXHIBIT 12.1

CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (dollars in millions)

	Predecessor CIT
	Years Ended December 31,
	2009			2008			2007			2006			2005
Earnings:
Net (loss) income (attributable) available to common shareholders	$	(3.8	)	$	(2,864.2	)	$	(111.0	)	$	1,015.8		$	936.4
Net (income) loss from discontinued operation		–			2,166.4			873.0			(120.3	)		(30.6	)
(Benefit) provision for income taxes – continuing operations		(132.1	)		(444.4	)		300.9			280.8			444.5
Earnings (loss) from continuing operations, before provision for income taxes		(135.9	)		(1,142.2	)		1,062.9			1,176.3			1,350.3
Fixed Charges:
Interest and debt expenses on indebtedness		2,659.4		$	3,139.1		$	3,411.9		$	2,518.4		$	1,694.4
Noncontrolling minority interest in subsidiary trust holding solely
debentures of the company, before tax		–			–			5.1			17.4			17.7
Interest factor: one-third of rentals on real and personal properties		17.6			18.9			18.5			17.1			12.6
Total Fixed Charges:		2,677.0			3,158.0			3,435.5			2,552.9			1,724.7
Total earnings before provision for income taxes and fixed charges	$	2,541.1		$	2,015.8		$	4,498.4		$	3,729.2		$	3,075.0
Ratios of earnings to fixed charges		(1	)		(1	)		1.31x			1.46x			1.78x

(1) Earnings were insufficient to cover fixed charges by $135.9 million and $1,142.2 million for the twelve months ended December 31, 2009 and December 31, 2008.