Exhibit 99.5

CERTIFICATE

I,
Thomas E. Magrath, an Executive Vice President and Chief Credit Officer of The
CIT Group/Equipment Financing, Inc., as servicer for CIT Equipment Collateral 2005-EF1,
certify that:

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|1. | I have
  reviewed this annual report on Form 10-K, and all reports on Form 8-K
  containing distribution or servicing reports filed in respect of periods
  included in the year covered by this annual report, of the Trust;                                                                                                                                                                                                      
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|2. | Based on my
  knowledge, the information in these reports, taken as a whole, does not
  contain any untrue statement of a material fact or omit to state a material
  fact necessary to make the statements made, in light of the circumstances
  under which such statements were made, not misleading as of the last day of
  the period covered by this annual report;                                                          
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|3. | Based on my
  knowledge, the distribution or servicing information required to be provided
  to the trustee by the servicer under the pooling and servicing agreement for
  inclusion in these reports is included in these reports;                                                                                                                                                                                               
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|4. | I am
  responsible for reviewing the activities performed by the servicer under the
  pooling and servicing agreement and based upon my knowledge and the annual
  compliance review required under the pooling and servicing agreement and
  except as disclosed in the reports, the servicer has fulfilled its
  obligations under the pooling and servicing agreement; and                                                      
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|5. | The reports
  disclose all significant deficiencies relating to the servicers compliance
  with the minimum servicing standards based upon the report provided by an
  independent public accountant, after conducting a review in compliance with
  the Uniform Single Attestation Program for Mortgage Bankers or similar
  procedure, as set forth in the pooling and servicing agreement, that is
  included in these reports.

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|----------------------- | -----------------------------------------------------------------------------------------------
|Date:                   | March 27,
  2006                                                                               
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|                        |                                                                                                
|/s/
  Thomas E. Magrath
|                       
|Name:                   | Thomas E.
  Magrath                                                                            
|Title:                  | Executive
  Vice President
  and Chief Credit Officer
  The CIT Group/Equipment Financing, Inc.

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