Rule 424(b)(3)
                                       Registration Statement No. 333-92258 and
                                       333-98743
                                       CUSIP # 12560PCL3

PRICING SUPPLEMENT NO. 3
Dated October 31, 2002 to
Prospectus, dated September 13, 2002 and
Prospectus Supplement, dated September 13, 2002.

                                 CIT GROUP INC.
                       GLOBAL MEDIUM-TERM FIXED RATE NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE

(X) Senior Note      ( ) Senior Subordinated Note

Principal Amount: U.S. $300,000,000.

Proceeds to Corporation: 98.925% or $296,775,000.

Agent Commission: 0.40% or $1,200,000.

Issue Price: 99.325% or $297,975,000.

Original Issue Date: November 5, 2002.

Maturity Date:  November 1, 2009, provided that if such day is not a Business
                Day, the payment of principal and interest may be made on the
                next succeeding Business Day, and no interest on such payment
                will accrue for the period from and after the Maturity Date.

Interest Rate: The notes will bear interest at an annual rate of 6.875%.

Specified Currency: U.S. Dollars.

Delivery: It is expected that the Notes will be ready for delivery in book-entry
          form on or about November 5, 2002.

Form: Global Note.

Interest Payment Dates:  Interest will be paid at maturity and semiannually on
                         November 1 and May 1 of each year, commencing May 1,
                         2003, provided that if any such day is not a Business
                         Day, the Interest Payment Date will be the next
                         succeeding Business Day, and no interest on such
                         payment will accrue for the period from and after the
                         Maturity Date.

                                 LEHMAN BROTHERS






Accrual of Interest:  Accrued interest will be computed by adding the Interest
                      Factors calculated for each day from the Original Issue
                      Date or from the last date to which interest has been paid
                      or duly provided for up to but not including the day for
                      which accrued interest is being calculated. The "Interest
                      Factor" for any Note for each such day will be computed by
                      multiplying the face amount of the Note by the interest
                      rate applicable to such day and dividing the product
                      thereof by 360.

                      Interest payments will include the amount of interest
                      accrued from and including the most recent Interest
                      Payment Date to which interest has been paid (or from and
                      including the Original Issue Date) to but excluding the
                      applicable Interest Payment Date.

Exchange Listing: None

Other Provisions:

Trustee, Registrar, Authenticating and Paying Agent: Bank One Trust Company,
                                                     N.A.

Agent: Lehman Brothers Inc.

CUSIP: 12560PCL3

                                      -2-