Exhibit 99.1

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Note Payment Detail

in Dollars

					Principal	Interest
			Original Face	Beginning	Payment	Payment		Ending
Class	CUSIP	Interest Rate	Value	Class Balance	Amount	Amount	Total	Class Balance

Class A-1	36162N AA5	0.38883%	202,000,000.00	0.00	0.00	0.00	0.00	0.00

Class A-2	36162N AB3	0.77000%	200,000,000.00	0.00	0.00	0.00	0.00	0.00

Class A-3	36162N AC1	0.99000%	200,000,000.00	0.00	0.00	0.00	0.00	0.00

Class A-4	36162N AD9	1.23000%	51,139,000.00	0.00	0.00	0.00	0.00	0.00

Class B	36162N AE7	1.65000%	32,258,000.00	14,449,360.09	7,620,175.22	19,867.87	7,640,043.09	6,829,184.87

Class C	36162N AF4	2.25000%	31,120,000.00	31,120,000.00	0.00	58,350.00	58,350.00	31,120,000.00

TOTALS			716,517,000.00	45,569,360.09	7,620,175.22	78,217.87	7,698,393.09	37,949,184.87

Factor Information per $1,000 of Original Face Value

		Beginning				Ending Principal
Class	CUSIP	Principal Factor	Principal	Interest	Total	Factor

Class A-1	36162N AA5	0.0000000	0.0000000	0.0000000	0.0000000	0.0000000

Class A-2	36162N AB3	0.0000000	0.0000000	0.0000000	0.0000000	0.0000000

Class A-3	36162N AC1	0.0000000	0.0000000	0.0000000	0.0000000	0.0000000

Class A-4	36162N AD9	0.0000000	0.0000000	0.0000000	0.0000000	0.0000000

Class B	36162N AE7	447.9310587	236.2259043	0.6159052	236.8418095	211.7051544

Class C	36162N AF4	1000.0000000	0.0000000	1.8750000	1.8750000	1000.0000000

TOTALS		63.5984353	10.6350236	0.1091640	10.7441876	52.9634117

Factor Information per $1,000 of Original Face Value - Fees
Servicing Fee	0.1014421
Servicer Advances	0.0000000
Administration Fee	0.0003489

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Funding of the Collection Account

(i)	Principal Payments Received on Loans	7,361,756.84

(ii)	Interest Payments Received on Loans	580,046.66

(iii)	Recoveries	15,870.05

(iv)	Purchase Amount of Loans that became a Purchased Loan during the related Collection Period pursuant to the Loan Purchase and Sale Agreement	0.00

(v)	Investment Earnings	539.13

(vi)	Servicing Advances	0.00

(vii)	Available Amounts	7,958,212.68

(viii)	Draws on the Reserve Account	0.00

(ix)	Total Cash Available in the Collection Account	7,958,212.68

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Permitted Withdrawals from Collection Account

	Total Cash Available in the Collection Account		7,958,212.68

(i)	Amounts deposited in error		0.00

(ii)	Servicing Fee
	Previously accrued but unpaid	0.00
	Current period accrued	72,684.98
	Total amount due	72,684.98
	Total amount paid	72,684.98
	Closing accrued but unpaid	0.00
	Total Servicing Fee Paid		72,684.98

(iii)	Reimbursement of Servicing Advances		0.00

	Total of Permitted Withdrawals		72,684.98

	Total funds in the Note Distribution Account available for distribution		7,885,527.70

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Payments from the Note Distribution Account

1.	Trustee Fees and Expenses Paid	500.00

2.	Administration Fee Paid	250.00

3.	Class A Note Interest Payment	0.00

4.	Class A Note Principal where Class A Note balance exceeds Pool Balance	0.00

5.	Class B Note Interest Payment	19,867.87

6.	Class A & B Note Principal where Class A & B Note balance exceeds Pool Balance	0.00

7.	Class C Note Interest Payment	58,350.00

8.	Principal Payments on the Notes
	(i) Class A Note Principal	0.00
	(ii) Class B Note Principal	7,433,790.61
	(iii) Class C Note Principal	0.00

9.	50% of Excess Spread Amount as Principal on Notes	186,384.61

10.	Deposit to the Reserve Account, if any	0.00

11.	Previously unpaid trustee fees and expenses	0.00

12.	Released to Issuer	186,384.61

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Note Interest Payment Amounts

Class A-1 Interest Payment Amount

Interest Payment Due	0.00
Interest Paid	0.00
Cumulative Interest Shortfall Amount	0.00

Class A-2 Interest Payment Amount

Interest Payment Due	0.00
Interest Paid	0.00
Cumulative Interest Shortfall Amount	0.00

Class A-3 Interest Payment Amount

Interest Payment Due	0.00
Interest Paid	0.00
Cumulative Interest Shortfall Amount	0.00

Class A-4 Interest Payment Amount

Interest Payment Due	0.00
Interest Paid	0.00
Cumulative Interest Shortfall Amount	0.00

Class B Interest Payment Amount

Interest Payment Due	19,867.87
Interest Paid	19,867.87
Cumulative Interest Shortfall Amount	0.00

Class C Interest Payment Amount

Interest Payment Due	58,350.00
Interest Paid	58,350.00
Cumulative Interest Shortfall Amount	0.00

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Note Principal Payment Amounts

Class A-1 Principal Payment Amount
Class A-1 Principal Due	0.00
Class A-1 Principal Paid	0.00
Class A-1 Reallocated Principal Paid	0.00
Class A-1 Turbo Principal Paid	0.00
Class A-1 Total Principal Payment Amount		0.00

Class A-2 Principal Payment Amount
Class A-2 Principal Due	0.00
Class A-2 Principal Paid	0.00
Class A-2 Reallocated Principal Paid	0.00
Class A-2 Turbo Principal Paid	0.00
Class A-2 Total Principal Payment Amount		0.00

Class A-3 Principal Payment Amount
Class A-3 Principal Due	0.00
Class A-3 Principal Paid	0.00
Class A-3 Reallocated Principal Paid	0.00
Class A-3 Turbo Principal Paid	0.00
Class A-3 Total Principal Payment Amount		0.00

Class A-4 Principal Payment Amount
Class A-4 Principal Due	0.00
Class A-4 Principal Paid	0.00
Class A-4 Reallocated Principal Paid	0.00
Class A-4 Turbo Principal Paid	0.00
Class A-4 Total Principal Payment Amount		0.00

Class B Principal Payment Amount
Class B Principal Due	7,433,790.61
Class B Principal Paid	7,433,790.61
Class B Reallocated Principal Paid	0.00
Class B Turbo Principal Paid	186,384.61
Class B Total Principal Payment Amount		7,620,175.22

Class C Principal Payment Amount
Class C Principal Due	0.00
Class C Principal Paid	0.00
Class C Turbo Principal Paid	0.00
Class C Total Principal Payment Amount		0.00

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Reserve Account

				% of		% of
				Current Balance		Original Balance

Initial Reserve Account Deposit		9,487,783.25		8.72	%	1.25	%

Required Reserve Account Amount

Initial Pool Balance	759,022,659.64

Required Reserve Account Amount		15,180,453.19		13.94	%	2.00	%

Opening Reserve Account Balance		15,180,453.19		13.94	%	2.00	%
Withdrawals from the Reserve Account		0.00		0.00	%	0.00	%
Available Reserve Account Amount		15,180,453.19		13.94	%	2.00	%

Deposits to the Reserve Account		0.00		0.00	%	0.00	%

Releases from the Reserve Account		0.00		0.00	%	0.00	%

Ending Reserve Account Balance		15,180,453.19		13.94	%	2.00	%

Ending Reserve Account Deficiency		0.00	%	0.00	%	0.00	%

Please note Reserve Account Investment Earnings of 528.90 have been deposited into Collections

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Collateral Activity

Beginning Aggregate Loan Balance	116,295,967.00		Overcollateralization:
Principal Collections	7,361,756.84		Ending Aggregate Loan Balance	108,862,176.39
Gross Charge-offs	122,563.20		Ending Outstanding Principal Balance of Notes	37,949,184.87
Total Repurchased Contracts	0.00		Ending Overcollateralization Amount	70,912,991.52
Adjustments	(50,529.43	)
Ending Aggregate Loan Balance	108,862,176.39

Aging Summary

	Number of Accounts	Aggregate Loan Value
0 - 30 Days Past Due	2,456	105,462,953.29
31 - 60 Days Past Due	11	401,387.05
61 - 90 Days Past Due	12	702,924.32
91 - 120 Days Past Due	1	21,558.62
121 - 150 Days Past Due	3	85,855.78
151 - 180 Days Past Due	28	967,114.83
181 or more Days Past Due	16	1,220,382.50
Total	2,527	108,862,176.39

Other Pool Activity

	Beginning	Current Period	Cumulative	Cumulative %

Defaulted Loans (at the time loans became defaulted)	16,562,279.12	546,288.94	17,108,568.06	2.2540	%

Charge-offs	4,330,584.78	111,588.21	4,442,172.99	0.5852	%

Recoveries	189,057.32	15,870.05	204,927.37	0.0270	%

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Historical Detail

Aging Summary

Payment	31-60 Days			61-90 Days		91-120 Days		121-150 Days	151-180 Days			181 + Days		Total
Date	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance

05/22/2015	11		12		1		3		28		16		71
		401,387.05		702,924.32		21,558.62		85,855.78		967,114.83		1,220,382.50		3,399,223.10

04/22/2015	22		7		3		27		1		26		86
		896,208.13		372,064.46		86,385.78		880,037.49		58,419.84		1,805,867.14		4,098,982.84

03/23/2015	30		10		30		2		1		28		101
		976,085.98		401,094.96		1,189,654.40		149,487.72		6,666.35		1,864,711.33		4,587,700.74

02/23/2015	7		19		27		2		2		32		89
		204,925.52		687,328.63		1,111,774.91		97,734.23		157,417.64		1,869,370.80		4,128,551.73

01/22/2015	45		3		5		3		7		25		88
		1,453,969.22		200,427.46		268,378.24		280,808.48		353,360.63		1,562,471.62		4,119,415.65

12/22/2014	33		10		2		25		2		24		96
		1,118,312.60		553,412.01		157,417.64		783,497.65		60,345.84		1,557,938.30		4,230,924.04

11/24/2014	133		20		20		9		1		29		212
		5,341,962.71		1,037,485.69		692,702.17		171,482.70		83,393.61		2,462,341.61		9,789,368.49

10/22/2014	91		28		8		0		2		30		159
		4,652,580.61		824,427.98		195,436.84		0.00		251,207.48		2,448,699.41		8,372,352.32

09/22/2014	24		32		17		1		4		32		110
		950,163.89		1,371,581.02		346,222.99		146.91		483,134.64		2,632,345.70		5,783,595.15

08/22/2014	149		19		1		22		9		25		225
		7,441,643.13		533,710.69		82,292.13		811,956.25		592,324.46		2,215,259.05		11,677,185.71

07/22/2014	71		9		9		18		11		21		139
		3,243,234.10		667,382.48		452,299.56		859,248.73		358,758.13		1,804,977.05		7,385,900.05

06/23/2014	166		39		23		0		5		44		277
		9,792,559.28		2,239,170.35		1,312,073.02		0.00		622,128.58		2,484,948.40		16,450,879.63

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Historical Detail

Performance Data

Payment	Defaulted	Charge-offs	Recoveries	Purchased	Aggregate Loan	Ending	Lifetime
Date	Loans			Amounts	Value	Overcollateralization	CPR


05/22/2015	17,108,568.06	4,442,172.99	204,927.37	978,814.43	108,862,176.39	70,912,991.52	15.92%


04/22/2015	16,562,279.12	4,330,584.78	189,057.32	978,814.43	116,295,967.00	70,726,606.91	16.09%


03/23/2015	16,336,555.74	4,243,127.48	187,294.89	978,814.43	125,980,650.85	70,544,437.76	15.86%


02/23/2015	16,128,017.18	4,158,451.43	185,664.83	978,814.43	134,146,146.09	70,353,547.29	15.97%


01/22/2015	16,128,017.18	4,138,448.31	184,484.78	978,814.43	143,314,607.06	70,117,244.40	15.94%


12/22/2014	15,899,883.60	4,082,372.31	153,620.84	978,814.43	154,768,953.25	69,857,737.32	15.55%


11/24/2014	14,827,425.55	3,643,220.08	147,690.78	978,814.43	164,451,533.76	69,537,622.73	15.63%


10/22/2014	14,207,420.13	3,443,400.18	97,271.33	0.00	177,993,016.12	69,204,993.37	15.10%


09/22/2014	14,015,905.52	3,304,173.76	92,741.73	0.00	188,239,166.10	68,961,737.86	15.26%

- Values above represent cumulative amounts as of the corresponding Payment Date

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Repurchases

	Repurchase Date	Account Number	Purchase Price

Purchase Amount of Loans determined by Issuer to be ineligible in accordance with 7.2(b) of the Loan Purchase and Sale Agreement

	10/31/2014	V8464133006	63,906.94
	10/31/2014	V8464133007	63,702.74
	10/31/2014	V8464133008	83,053.65
	10/31/2014	V8478932004	58,036.46
	10/31/2014	V8478932005	58,036.46
	10/31/2014	V8478932006	58,036.46
	10/31/2014	V8478932008	58,036.28
	10/31/2014	V8478932011	75,834.99
	10/31/2014	V8493231002	40,678.61
	10/31/2014	V8493231003	38,896.94
	10/31/2014	V8493231004	41,407.03
	10/31/2014	V8493231005	40,678.61
	10/31/2014	V8493231006	46,119.01
	10/31/2014	V8493231007	41,406.65
	10/31/2014	V8493231008	39,758.27
	10/31/2014	V8493231009	46,846.53
	10/31/2014	V8493231016	13,440.41
	10/31/2014	V8493231017	13,441.09
	10/31/2014	V8493231018	97,497.30

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020


Cumulative Repurchase Amount			978,814.43

Payment Date:	5/22/2015	GE Equipment Transportation LLC
Closing Date:	3/21/2012	SERIES 2012-1
Next Payment Date:	6/22/2015	STATEMENT TO NOTEHOLDERS
Final Payment Date:	1/22/2020

Top Obligor Information

Obligor Name	Net Receivable Balance
Obligor 1	2,162,957.36
Obligor 2	1,820,272.27
Obligor 3	1,758,730.13
Obligor 4	1,655,651.25
Obligor 5	1,455,431.94
Obligor 6	1,369,322.06
Obligor 7	1,279,430.21
Obligor 8	1,262,462.84
Obligor 9	1,151,651.37
Obligor 10	1,048,638.05
Obligor 11	1,014,749.53
Obligor 12	1,000,153.77
Obligor 13	979,672.97
Obligor 14	975,172.72
Obligor 15	895,022.64
Obligor 16	846,154.12
Obligor 17	826,061.79
Obligor 18	718,841.66
Obligor 19	711,272.46
Obligor 20	658,694.09

GE Equipment Transportation LLC, Series 2012-1 10-D