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) November 20, 2007

CIT GROUP INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation) 		    001-31369
(Commission File Number) 		    65-1051192
(IRS Employer Identification No.)

505 Fifth Avenue
New York, New York 10017
(Address of registrant’s principal executive office)

Registrant’s telephone number, including area code (212) 771-0505

Not Applicable
__________________________________________________
(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 (see General Instruction A.2. below):

          [_] 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))

Section 8 – Other Events

Item 8.01. Other Events.

        This Current Report on Form 8-K is being filed to report that CIT Group Inc. has signed a purchase agreement to sell its U.S. Systems Leasing business unit, located in Bloomfield Hills, Michigan, to Macquarie Group, a diversified financial services organization headquartered in Sydney, Australia. CIT Systems Leasing had approximately $700 million in assets and 180 employees as of September 30, 2007. The transaction is subject to certain regulatory approvals. The transaction is expected to close in 2007. The terms of the transaction have not been disclosed.

SIGNATURES

        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 GROUP INC.
(Registrant)
  By: William J. Taylor
Executive Vice President, Controller and
Principal Accounting Officer

        Dated: November 20, 2007