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Press Release

Budget Upgrades Express Service Program and Adds Online Reservation Modification
Parsippany, NJ Aug 4, 2004 -

Budget Rent A Car System, Inc. today announced the launch of a new online enrollment process for “Fastbreak®,” the Budget express service that allows members to expedite the reservation process and Get In, Get Out, Get GoingSM on the road.

New Fastbreak members can now receive real-time delivery of their Budget Customer Number (BCN) and can begin renting with Fastbreak service immediately with the new system. The upgraded enrollment process also features easy-to-use drop-down menus, “Help” screens to provide applicants with more information about optional protections, Global Master Rental Agreement terms and conditions and other important program information. Fastbreak members can also enjoy “Fastbreak Choice” where they are given the opportunity to choose any available vehicle from a designated area on the lot. Fastbreak Choice is available at many major U.S. airports.

“The Fastbreak program is about responding to what our customers want – getting them into their vehicle quickly and on their way,” stated Scott Deaver, executive vice president of marketing for Cendant Car Rental Group, the parent company of Budget. “And, with nearly half of our customers booking online, it is important for us to continually update budget.com with tools to make their rental experience quicker and easier.”

In addition to the Fastbreak enrollment upgrade, Budget has also added a hassle-free reservation modification feature to its Web site. Any customer with an existing reservation can now modify a reservation by clicking on the “Existing Reservation” tab on the Budget homepage and providing their last name and confirmation number.

To make or change a reservation or to enroll in Budget Fastbreak, customers can visit budget.com.

About Budget

Budget Rent A Car System, Inc. is the owner and franchiser of one of the world's best-known car rental brands with more than 1,900 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand. The company is a wholly owned subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within the travel and real estate sectors. For further information visit budget.com or cendant.com/media.

Alice Pereira
Senior Associate, Public Relations
Cendant Car Rental Group
6 Sylvan Way
Parsippany, NJ 07054

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