SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

[X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

For the quarterly period ended                       September 30, 2005
                               ------------------------------------------------

                                       OR

[ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For the transition period from                    to
                               -------------------
Commission file number                            33-80849
                               ---------------------------


                      Capital Preferred Yield Fund-IV, L.P.
             (Exact name of registrant as specified in its charter)

           Delaware                                    84-1331690
  -----------------------                -----------------------------------
  (State of organization)                (I.R.S. Employer Identification No.)


     7901 Southpark Plaza, Ste. 107
        Littleton, Colorado                                       80120
-----------------------------------------                       ----------
 (Address of principal executive offices)                       (Zip Code)

        Registrant's telephone number, including area code (303) 268-6550
                                                           --------------


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes  X     No   .
                                       ---      ---

                        Exhibit Index Appears on Page 14

                               Page 1 of 19 Pages
<PAGE>

                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                          Quarterly Report on Form 10-Q
                              For the Quarter Ended
                               September 30, 2005


                                Table of Contents
                                -----------------



PART I.  FINANCIAL INFORMATION                                              PAGE
                                                                            ----

     Item 1.      Financial Statements

                  Balance Sheets - September 30, 2005 (unaudited) and
                  December 31, 2004                                            3

                  Statements of Income - Three and Nine Months Ended
                  September 30, 2005 and 2004 (unaudited)                      4

                  Statements of Cash Flows -Nine Months Ended
                  September 30, 2005 and 2004 (unaudited)                      5

                  Notes to Financial Statements (unaudited)                6 - 7

     Item 2.      Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                     8 - 12

     Item 3.      Quantitative and Qualitative Disclosures About Market
                  Risk                                                        12

     Item 4.      Controls and Procedures                                     12

PART II. OTHER INFORMATION

     Item 5.      Legal Proceedings                                           13

     Item 6.  Exhibits and Reports on Form 8-K                                13

                  Exhibits                                                    14

                  Signatures                                                  15

                  Certifications                                           16-19

<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                 BALANCE SHEETS


                                     ASSETS
                                                  September 30,     December 31,
                                                      2005              2004
                                                      ----              ----
                                                  (Unaudited)


Cash and cash equivalents                         $   464,255        $ 1,208,737
Accounts receivable, net                              105,612             77,014
Prepaid Insurance                                      34,441              5,040
Equipment held for sale or re-lease                   337,247            123,223
Net investment in direct finance leases             1,574,396          2,630,701
Leased equipment, net                               8,729,126         13,893,572
                                                  -----------        -----------

Total assets                                      $11,245,077        $17,938,287
                                                  ===========        ===========


                       LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Accounts payable and accrued liabilities     $   463,759        $   420,549
     Payables to affiliates                           242,184            116,570
     Rents received in advance                         10,194              7,129
     Distributions payable to partners                264,586            476,952
     Discounted lease rentals                       5,573,904          9,545,679
                                                  -----------        -----------

Total liabilities                                   6,554,627         10,566,879
                                                  -----------        -----------

Partners' capital:
     General partner                                     --                 --
     Limited partners:
         Class A                                    4,446,594          7,123,337
         Class B                                      243,856            248,071
                                                  -----------        -----------

Total partners' capital                             4,690,450          7,371,408
                                                  -----------        -----------

Total liabilities and partners' capital           $11,245,077        $17,938,287
                                                  ===========        ===========

                 See accompanying notes to financial statements.

                                       3
<PAGE>
                              STATEMENTS OF INCOME

                                   (Unaudited)

<TABLE>
<CAPTION>
                                                  Three Months Ended            Nine Months Ended
                                                      September 30,                September 30,
                                               -------------------------    -------------------------
                                                   2005           2004           2005         2004
                                                   ----           ----           ----         ----
<S>                                            <C>           <C>            <C>           <C>
Revenue:
    Operating lease rentals                    $ 1,677,028   $ 2,957,778    $ 6,031,699   $ 8,804,404
    Direct finance lease income                     25,229        54,947         96,312       205,114
    Equipment sales margin                         193,404       324,380        352,177       480,546
    Interest income                                  2,579         2,588          8,438         4,850
                                               -----------   -----------    -----------   -----------

Total revenue                                    1,898,240     3,339,693      6,488,626     9,494,914

Expenses:
    Depreciation                                 1,082,009     1,946,993      4,121,868     6,529,276
    Management fees to general partner              39,318        62,890        139,916       207,922
    Direct services from general partner            36,036        86,240        113,186       230,470
    General and administrative                      83,036       104,131        316,009       342,789
    Interest on discounted lease rentals           106,715       213,506        402,094       764,630
    Remarketing sharing                            153,151            --        367,098            --
    Provision for losses, net                       40,275       (30,039)       101,275       192,461
                                               -----------   -----------    -----------   -----------

Total expenses                                   1,540,540     2,383,721      5,561,446     8,267,548

Net income                                     $   357,700   $   955,972    $   927,180   $ 1,227,366
                                               ===========   ===========    ===========   ===========

Net income allocated:
    To the general partner                     $     8,070   $    23,600    $    36,074   $    42,536
    To the Class A limited partners                346,134       923,048        882,196     1,172,980
    To the Class B limited partner                   3,496         9,324          8,910        11,850
                                               -----------   -----------    -----------   -----------

                                               $   357,700   $   955,972    $   927,180   $ 1,227,366
                                               ===========   ===========    ===========   ===========

    Net incomne per weighted average
    Class A limited partner unit outstanding   $      0.72   $      1.91    $      1.83   $      2.43
                                               ===========   ===========    ===========   ===========

    Weighted average Class A limited
      partner units outstanding                    481,590       482,250        481,691       482,974
                                                   =======       =======        =======       =======
</TABLE>

                 See accompanying notes to financial statements

                                       4
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                   Nine Months Ended
                                                            -----------------------------
                                                             September 30,   September 30,
                                                                 2005            2004
                                                             ------------    -------------
<S>                                                          <C>             <C>
Net cash provided by operating activities                    $  7,107,797    $ 10,400,492
                                                             ------------    ------------

Cash flows from financing activities:
     Principal payments on discounted lease rentals            (3,971,775)     (6,305,319)
     Redemptions of Class A limited partner units                    (738)        (51,195)
     Distributions to partners                                 (3,873,766)     (3,455,969)
                                                             ------------    ------------

Net cash used in financing activities                          (7,846,279)     (9,812,483)
                                                             ------------    ------------

Net increase (decrease) in cash and cash equivalents             (744,482)        588,009

Cash and cash equivalents at beginning of period                1,208,737         820,121
                                                             ------------    ------------

Cash and cash equivalents at end of period                   $    464,255    $  1,408,130
                                                             ============    ============

Supplemental disclosure of cash flow information -Interest
     paid on discounted lease rentals                        $    402,094    $    764,630
                                                             ============    ============
</TABLE>


                 See accompanying notes to financial statements.

                                       5
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

1.   Basis of Presentation
     ---------------------

     The accompanying unaudited financial statements have been prepared in
     accordance with accounting principles generally accepted in the United
     States of America for interim financial information and the instructions to
     Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not
     include all of the information and disclosures required by accounting
     principles generally accepted in the United States of America for annual
     financial statements. In the opinion of the general partner, all
     adjustments (consisting of normal recurring adjustments) considered
     necessary for a fair presentation have been included. The balance sheet at
     December 31, 2004 was derived from the audited financial statements
     included in the Partnership's 2004 Form 10-K. For further information,
     refer to the financial statements of Capital Preferred Yield Fund-IV, L.P.
     (the "Partnership"), and the related notes, included in the Partnership's
     Annual Report on Form 10-K for the year ended December 31, 2004, previously
     filed with the Securities and Exchange Commission.

     The preparation of financial statements in conformity with accounting
     principles generally accepted in the United States of America requires
     management to make estimates and assumptions that affect the reported
     amounts of assets and liabilities and disclosure of contingent assets and
     liabilities at the date of the financial statements and the reported
     amounts of revenue and expenses during the reporting period. For leasing
     entities, this includes the estimate of residual values and impairment as
     discussed below. Actual results could differ from those estimates. Included
     in the results of operations for the nine months ended September 30, 2005
     and 2004 were $101,275 and $192,461, respectively, for provision for
     losses.

     The Partnership is in its liquidation period, as defined in the Partnership
     Agreement. Even so, because the liquidation period extends over an
     undefined number of accounting periods, the accompanying financial
     statements have been prepared on a going concern basis that contemplates
     the realization of assets and payments of liabilities in the ordinary
     course of business, which is in accordance with accounting principles
     generally accepted in the United States of America. The General Partner
     believes that the Partnership will generate sufficient cash flows from
     operations during the remainder of 2005 and 2006, to (1) meet current
     operating requirements, and (2) make cash distributions to Class A limited
     partners in accordance with the Partnership Agreement. All distributions
     are expected to be a return of capital for economic and accounting
     purposes. Additionally, the General Partner anticipates that all equipment
     owned by the Partnership will be sold and the Partnership liquidated during
     2006. However, the Partnership has not entered into a formal liquidation
     plan as of September 30, 2005 and accordingly has not adopted the
     liquidation basis of accounting. There is no assurance that the limited
     partners will receive future distributions equal to their capital account
     balance at September 30, 2005.

                                       6
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

2.   Transactions With the General Partner and Affiliates
     ----------------------------------------------------

     Management Fees Paid to General Partner

     In accordance with the Partnership Agreement, the General Partner earns a
     management fee in connection with its management of the equipment,
     calculated as a percentage of the monthly gross rentals received, and paid
     monthly in arrears. Management fees to the general partner for the nine
     months ended September 30, 2005 and 2004 were $139,916 and $207,922,
     respectively. As of September 30, 2005 and December 31, 2004, management
     fees of $10,269 and $12,479, respectively, are included in payables to
     affiliates.

     Direct Services from General Partner

     The General Partner and an affiliate provide accounting, investor
     relations, billing, collecting, asset management, and other administrative
     services to the Partnership. The Partnership reimburses the General Partner
     for these services performed on its behalf as permitted under terms of the
     Partnership Agreement. Direct services from the general partner for the
     nine months ended September 30, 2005 and 2004 were $113,186 and $230,470,
     respectively. As of September 30, 2005 and December 31, 2004, direct
     services from the General Partner in the amount of $18,135 and $26,076,
     respectively, are included in payables to affiliates.

     General and Administrative Expenses

     The General Partner and an affiliate are reimbursed for the actual cost of
     administrative expenses incurred on behalf of the Partnership per the terms
     of the Partnership Agreement. General and administrative expenses for the
     nine months ended September 30, 2005 and 2004 were $316,009 and $342,789,
     respectively. As of September 30, 2005 and December 31, 2004,
     administrative expenses of $213,780 and $78,015, respectively, are included
     in payables to affiliates. The September 30, 2005 amount includes an
     accrual for profit sharing proceeds which will be paid in the fourth
     quarter (see below).

3.   Remarketing Agreement
     ---------------------

     The Partnership has entered into remarketing agreements with an
     unaffiliated third party, whereby that party provides remarketing services
     to the Partnership in exchange for profit sharing once the Partnership has
     reached certain thresholds, usually relating to rents received on
     re-marketed or sold equipment after the expiration of the initial lease
     term. During the nine months ended September 30, 2005, the Partnership
     reached its first threshold and was required to begin paying profit sharing
     proceeds on the remarketing agreements. The profit sharing proceeds
     incurred during the nine months ended September 30, 2005 were $367,098 and
     are recorded in the accompanying statements of income as remarketing
     sharing.

                                       7
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations,

Results of Operations
---------------------

Presented below are schedules (prepared solely to facilitate the discussion of
results of operations that follows) showing items of income and expense and
changes in those items derived from the Statements of Income:

<TABLE>
<CAPTION>
                                                  Three Months                              Nine Months
                                                Ended September 30                      Ended September 30
                                                ------------------                      ------------------
                                            2005        2004        Change         2005           2004         Change
                                            ----        ----        ------         ----           ----         ------
<S>                                      <C>         <C>         <C>          <C>            <C>            <C>
Leasing margin                           $360,382    $852,226    $(491,844)   $ 1,236,951    $ 1,715,612    $(478,661)
Equipment sales margin                    193,404     324,380     (130,976)       352,177        480,546     (128,369)
Interest income                             2,579       2,588           (9)         8,438          4,850        3,588
Management fees to general partner        (39,318)    (62,890)      23,572       (139,916)      (207,922)      68,006
Direct services from general partner      (36,036)    (86,240)      50,204       (113,186)      (230,470)     117,284
General and administrative                (83,036)   (104,131)      21,095       (316,009)      (342,789)      26,780
Provision for losses                      (40,275)     30,039      (70,314)      (101,275)      (192,461)      91,186
                                         --------     -------      -------    -----------    -----------     --------
  Net income (loss)                      $357,700    $955,972    $(598,272)   $   927,180    $ 1,227,366    $(300,186)
                                         ========    ========    =========    ===========    ===========    =========
</TABLE>

The Partnership entered its liquidation period in 2002, as defined in the
Partnership Agreement, and will not purchase any equipment in future periods.
Furthermore, during future periods, initial leases will expire and the equipment
will be remarketed (i.e., re-leased or sold). As a result, both the size of the
Partnership's leasing portfolio and the amount of total revenue will decline
("portfolio runoff"). Even so, because the liquidation period extends over an
undefined number of accounting periods, the accompanying financial statements
have been prepared on a going concern basis that contemplates the realization of
assets and payments of liabilities in the ordinary course of business, which is
in accordance with accounting principles generally accepted in the United States
of America.

Leasing Margin

Leasing margin consists of the following:

<TABLE>
<CAPTION>
                                                      Three Months                     Nine Months
                                                   Ended September 30,               Ended September 30,
                                               ---------------------------     --------------------------
                                                   2005            2004            2005            2004
                                               -----------------------------------------------------------
<S>                                            <C>             <C>             <C>             <C>
Operating lease rentals                        $ 1,677,028     $ 2,957,778     $ 6,031,699     $ 8,804,404
Direct finance lease income                         25,229          54,947          96,312         205,114
Depreciation                                    (1,082,009)     (1,946,993)     (4,121,868)     (6,529,276)
Remarketing sharing                               (153,151)           --          (367,098)           --
Interest expense on discounted lease rentals      (106,715)       (213,506)       (402,094)       (764,630)
                                               -----------     -----------     -----------     -----------
   Leasing margin                              $   360,382     $   852,226     $ 1,236,951     $ 1,715,612
                                               ===========     ===========     ===========     ===========

   Leasing margin ratio                                 21%             28%             20%             19%
                                               ===========     ===========     ===========     ===========
</TABLE>

                                       8
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations, continued

Results of Operations, continued
---------------------

Leasing Margin, continued

The components of leasing margin decreased due to portfolio runoff. Remarketing
sharing represents a remarketing agreement with an unaffiliated third party,
whereby that party provides remarketing services to the Partnership in exchange
for profit sharing once the Partnership has reached certain thresholds, usually
relating to rents received on re-marketed or sold equipment after the expiration
of the initial lease term. During the nine months ended September 30, 2005, the
Partnership reached its first threshold and was required to begin paying profit
sharing proceeds on the remarketing agreements.

Leasing margin ratio increased for the nine months ended September 30, 2005
compared to the nine months ended September 30, 2004, primarily due to increases
in a) the percentage of leases in the portfolio that have entered their
remarketing stage and b) the average maturity of operating leases in the
portfolio. Leasing margin is generally lower and leasing margin ratio is
generally higher as leases enter their remarketing stage because typically the
rate of return on remarketed leases is higher. Leasing margin and leasing margin
ratio for an operating lease financed with discounted lease rentals increase as
the lease matures since rents and depreciation are typically fixed while
interest expense declines as the related discounted lease rentals principal is
repaid. Leasing margin decreased for the three and nine months ended September
30, 2005, compared to the three and nine months ended September 30, 2004,
primarily due to the decreasing size of the portfolio.

The ultimate profitability of the Partnership's leasing transactions is
dependent in part on interest rates at the time the leases are originated,
future equipment values, and on-going lessee creditworthiness. Because leasing
is an alternative to financing equipment purchases with debt, lease rates tend
to rise and fall with interest rates (although lease rate movements generally
lag interest rate changes in the capital markets).

Equipment Sales Margin

Equipment sales margin consists of the following:

<TABLE>
<CAPTION>
                                  Three Months Ended            Nine months Ended
                                     September 30,                September 30,
                              --------------------------    --------------------------
                                  2005           2004           2005           2004
                              -----------    -----------    -----------    -----------
<S>                           <C>                <C>        <C>            <C>
Equipment sales revenue       $   454,732        844,176    $ 1,364,730    $ 1,629,206
Cost of equipment sales          (261,328)      (519,796)    (1,012,553)    (1,148,660)
                              -----------    -----------    -----------    -----------

     Equipment sales margin   $   193,404    $   324,380    $   352,177    $   480,546
                              ===========    ===========    ===========    ===========
</TABLE>

Equipment sales margin fluctuates based on the composition of equipment
available for sale. Currently, the Partnership is in its liquidation period (as
defined in the Partnership Agreement). Initial leases are expiring and the
equipment is either being re-leased or sold to the lessee or a third party.
Equipment sales margin varies with the number and dollar amount of equipment
leases that mature in a particular period and the current market for specific
equipment and residual value estimates.

                                       9
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations, continued

Results of Operations, continued
---------------------

Interest Income

Interest income varies due to (1) the amount of cash available for investment
pending distribution to partners and (2) the interest rate on such invested
cash.

Expenses

Management fees paid to the general partner are earned on gross rents received
and will fluctuate due to variances in cash flow and the size of the
Partnership's portfolio. Management fees to the general partner decreased for
the three and nine months ended September 30, 2005, compared to the three and
nine months ended September 30, 2004, due to the decrease in average portfolio
size discussed above, which resulted in a corresponding decrease in gross rents
received.

Direct services from the general partner decreased for the three and nine months
ended September 30, 2005, primarily due to the decreasing size of the portfolio.
There are fewer leases and, therefore, less time is required to manage them.

General and administrative expenses decreased primarily due to a) a reduction in
audit fees incurred through the first nine months of 2005 compared to 2004, b) a
reduction in consulting fees as a result of efforts to become Sarbanes-Oxley
compliant in 2004, and c) a reduction in the amount of printing expense incurred
by the Partnership.

Provision for Losses

The realization of greater than the carrying value of equipment (which occurs
when the equipment is remarketed subsequent to initial lease termination) is
reported as equipment sales margin (if the equipment is sold) or leasing margin
(if the equipment is re-leased). The realization of less than the carrying value
of equipment is recorded as provision for losses.

Residual values are established equal to the estimated value to be received from
the equipment following termination of the lease. In estimating such values, the
Partnership considers all relevant facts regarding the equipment and the lessee,
including, for example, the likelihood that the lessee will re-lease or purchase
the equipment. The nature of the Partnership's leasing activities is such that
it has credit exposure and residual value exposure and will incur losses from
those exposures in the ordinary course of business. The Partnership performs
quarterly assessments of the estimated residual value of its assets to identify
any impairments in value that, if any, are also recorded as provision for
losses.

The provision for losses of $101,275 recorded during the nine months ended
September 30, 2005 related primarily to losses on equipment returned to the
Partnership at lease maturity occurring because the residual realized is
expected to be less than the residual value originally estimated.

                                       10
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations, continued

Liquidity & Capital Resources
-----------------------------

The Partnership is in its liquidation period, as defined in the Partnership
Agreement. The Partnership is not purchasing additional equipment, initial
leases are expiring, and the amount of equipment being remarketed (i.e.,
re-leased, renewed, or sold) is generally decreasing. As a result, both the size
of the Partnership's lease portfolio and the amount of leasing revenue are
declining. Even so, because the liquidation period extends over an undefined
number of accounting periods, the accompanying financial statements have been
prepared on a going concern basis that contemplates the realization of assets
and payments of liabilities in the ordinary course of business, which is in
accordance with accounting principles generally accepted in the United States of
America.

The Partnership funds its operating activities principally with cash from rents
and sales of off-lease equipment. The decline of net cash provided by operating
activities of approximately $3,326,000 from the nine months ended September 30,
2004 to September 30, 2005, is primarily due to a reduction in equipment under
lease. Available cash and cash reserves of the Partnership are invested in
short-term government securities pending distribution to the partners.

During the nine months ended September 30, 2005, the Partnership declared
distributions to the Class A limited partners of $3,558,201 ($262,108 of which
was paid in October 2005). All such distributions are expected to constitute a
return of capital for economic purposes. Distributions may be characterized for
tax, accounting and economic purposes as a return of capital, a return on
capital, or a portion of both. The portion of each cash distribution that
exceeds its net income for the fiscal period may be deemed a return of capital
for accounting purposes. However, the total percentage of the partnership's
return on capital over its life will only be determined after all residual cash
flows (which include proceeds from the re-leasing and sale of equipment) have
been realized at the termination of the partnership.

The General Partner believes that the Partnership will generate sufficient cash
flows from operations during the remainder of 2005, to (1) meet current
operating requirements, and (2) fund cash distributions to Class A limited
partners in accordance with the Partnership Agreement. All distributions are
expected to be a return of capital for economic and accounting purposes.
Additionally, the General Partner anticipates that all equipment owned by the
Partnership will be sold and the Partnership liquidated by December 31, 2006.
However, the Partnership has not entered into a formal liquidation plan as of
September 30, 2005 and accordingly has not adopted the liquidation basis of
accounting. There is no assurance that the limited partners will receive future
distributions equal to their capital account balance at September 30, 2005.


                                       11
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations, continued

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
-----------------------------------------------------------------------------
1995
----

The statements contained in this report which are not historical facts may be
deemed to contain forward-looking statements with respect to events, the
occurrence of which involve risks and uncertainties, and are subject to factors
that could cause actual future results to differ both adversely and materially
from currently anticipated results, including, without limitation, the level of
lease originations, realization of residual values, the availability and cost of
financing sources and the ultimate outcome of any contract disputes. Certain
specific risks associated with particular aspects of the Partnership's business
are discussed under Results of Operations in this report and under Results of
Operations in the 2004 Form 10-K when and where applicable.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk

The Partnership's leases with equipment users are non-cancelable and have lease
rates that are fixed at lease inception. The Partnership finances its leases, in
part, with discounted lease rentals. Discounted lease rentals are a fixed rate
debt. The Partnership's other assets and liabilities are also at fixed rates.
Consequently, the Partnership has minimal interest rate risk or other market
risk exposure.


Item 4.  Controls and Procedures

An evaluation was performed under the supervision and with the participation of
the General Partner's management, including the President and Director, and the
Principal Financial Officer, of the effectiveness of the design and operation of
the Partnership's disclosure controls and procedures as of the end of the period
covered by this report. Based on that evaluation, the General Partner's
management, including the President and Director, and the Principal Financial
Officer, concluded that the Partnership's disclosure controls and procedures are
effective in timely alerting them to material information relating to the
Partnership required to be included in the Partnership's periodic SEC reports.


There have been no significant changes in the Partnership's internal controls or
in other factors that could significantly affect the internal controls
subsequent to the date the Partnership completed its evaluation.


                                       12
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                    PART II.

                                OTHER INFORMATION



Item 5.        Legal Proceedings

               The   Partnership  is  involved  in  routine  legal   proceedings
               incidental  to the conduct of its business.  The General  Partner
               believes  none of these  legal  proceedings  will have a material
               adverse  effect on the  financial  condition or operations of the
               Partnership.

Item 6.        Exhibits and Reports on Form 8-K

               (a)      Exhibits

               (b)      The Partnership did not file any reports on Form 8-K
                        during the quarter ended September 30, 2005.



                                       13
<PAGE>
                                Index to Exhibits

Exhibit
Number     Description
------     -----------
 * 99.1    Certification by John F. Olmstead pursuant to 18 U.S.C. Section 1350,
           as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 * 99.2    Certification by Mary M. Ebele pursuant to 18 U.S.C. Section 1350, as
           adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


 *  Filed herewith




                                       14
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                   Signatures



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                           CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                           By: CAI Equipment Leasing V Corp.


Dated:  November 14, 2005                  By: /s/John F. Olmstead
                                               -------------------
                                               John F. Olmstead
                                               President and Director
                                               (Principal Executive Officer)


                                           CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                           By: CAI Equipment Leasing V Corp.


Dated:  November 14, 2005                  By: /s/Mary M. Ebele
                                               ----------------
                                               Mary M. Ebele
                                               Principal Financial Officer


                                       15
<PAGE>
                                  CERTIFICATION

I, John F. Olmstead, President and Director of CAI Equipment Leasing V Corp.,
the General Partner of Capital Preferred Yield Fund-IV, L.P. (the
"Partnership"), certify that:

     1.   I have reviewed this quarterly report on Form 10-Q of the Partnership;

     2.   Based on my knowledge, this quarterly report 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 with respect to
          the period covered by this quarterly report;

     3.   Based on my knowledge, the financial statements, and other financial
          information included in this quarterly report, fairly present in all
          material respects the financial condition, results of operations and
          cash flows of the Partnership as of, and for the periods presented in
          this quarterly report;

     4.   The Partnership's other certifying officer and I are responsible for
          establishing and maintaining disclosure controls and procedures (as
          defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
          Partnership and have:

          a.   designed such disclosure controls and procedures or caused such
               disclosure controls and procedures to be designed under our
               supervision to ensure that material information relating to the
               Partnership, including its consolidated subsidiaries, is made
               known to us by others within those entities, particularly during
               the period in which this report in being prepared;

          b.   evaluated the effectiveness of the Partnership's disclosure
               controls and procedures and presented in this report our
               conclusions about the effectiveness of the disclosure controls
               and procedures as of the end of the period covered by this report
               and based on such evaluation; and

          c.   disclosed in this report any change in the Partnership's internal
               control over financial reporting that occurred during the
               Partnership's most recent fiscal quarter that has materially
               affected, or is reasonably likely to materially affect, the
               Partnership's internal control over financial reporting; and

     5.   The Partnership's other certifying officer and I have disclosed, based
          on our most recent evaluation of internal control over financial
          reporting, to the Partnership's auditors:

          a.   all significant deficiencies and material weaknesses in the
               design or operation of internal control over financial reporting
               which are reasonably likely to adversely affect the Partnership's
               ability to record, process, summarize and report financial
               information; and

          b.   any fraud, whether or not material, that involves management or
               other employees who have a significant role in the Partnership's
               internal control over financial reporting.


                                                     /s/ John F. Olmstead
                                                     --------------------
                                                         John F. Olmstead
                                                      President and Director
                                                  (Principal Executive Officer)
                                                        November 14, 2005

                                       16
<PAGE>
                                  CERTIFICATION

I, Mary M. Ebele, Principal Financial Officer of CAI Equipment Leasing V Corp.,
the General Partner of Capital Preferred Yield Fund-IV, L.P. (the
"Partnership"), certify that:

     1.   I have reviewed this quarterly report on Form 10-Q of the Partnership;

     2.   Based on my knowledge, this quarterly report 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 with respect to
          the period covered by this quarterly report;

     3.   Based on my knowledge, the financial statements, and other financial
          information included in this quarterly report, fairly present in all
          material respects the financial condition, results of operations and
          cash flows of the Partnership as of, and for the periods presented in
          this quarterly report;

     4.   The Partnership's other certifying officer and I are responsible for
          establishing and maintaining disclosure controls and procedures (as
          defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
          Partnership and have:

          a.   designed such disclosure controls and procedures or caused such
               disclosure controls and procedures to be designed under our
               supervision to ensure that material information relating to the
               Partnership, including its consolidated subsidiaries, is made
               known to us by others within those entities, particularly during
               the period in which this report in being prepared;

          b.   evaluated the effectiveness of the Partnership's disclosure
               controls and procedures and presented in this report our
               conclusions about the effectiveness of the disclosure controls
               and procedures as of the end of the period covered by this report
               and based on such evaluation; and

          c.   disclosed in this report any change in the Partnership's internal
               control over financial reporting that occurred during the
               Partnership's most recent fiscal quarter that has materially
               affected, or is reasonably likely to materially affect, the
               Partnership's internal control over financial reporting; and

     5.   The Partnership's other certifying officer and I have disclosed, based
          on our most recent evaluation of internal control over financial
          reporting, to the Partnership's auditors:

          a.   all significant deficiencies and material weaknesses in the
               design or operation of internal control over financial reporting
               which are reasonably likely to adversely affect the Partnership's
               ability to record, process, summarize and report financial
               information; and

          b.   any fraud, whether or not material, that involves management or
               other employees who have a significant role in the Partnership's
               internal control over financial reporting.

                                              /s/ Mary M. Ebele
                                              -----------------
                                                  Mary M. Ebele
                                           Principal Financial Officer
                                                November 14, 2005

                                       17