EXHIBIT 23

                          INDEPENDENT AUDITORS' CONSENT

To the Stockholders and Board of Directors of
The CIT Group, Inc.:

      We consent to the  incorporation  by reference in Registration  Statements
No. 33-85224, No. 333-70249,  No. 333-36061,  No. 333-22283,  No. 333-43323, No.
333-64539,  No. 333-64529,  No. 333-73255,  No.  333-74847,  No. 333-34793,  No.
333-71361  and  No.  333-56172  on  Form  S-3 and  Registration  Statements  No.
333-50499,  No. 333-63497,  No. 333-91075,  No. 333-91077, No. 333-91079 and No.
333-52966  on Form S-8 of The CIT Group,  Inc. of our report  dated  January 25,
2001,  except as to Note 25,  which is as of March  13,  2001,  relating  to the
consolidated  balance  sheets of The CIT  Group,  Inc.  and  subsidiaries  as of
December 31, 2000 and 1999, and the related  consolidated  statements of income,
changes  in  stockholders' equity,  and cash  flows for each of the years in the
three-year  period ended December 31, 2000, which report appears in the December
31, 2000 Annual Report on Form 10-K of The CIT Group, Inc.

                                                          KPMG LLP

Short Hills, New Jersey
March 26, 2001