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Press Release

New "Budget Business" Rewards $2 Cash Back on Every Rental Day
Parsippany, NJ Jul 5, 2005 -

Budget Rent A Car System, Inc. today announced the launch of a unique program for small and mid-sized businesses that offers discounted rates and $2 back on every rental day. “Budget Business,” is the first and only product designed to help manage travel expenses by offering great rates and cash back.  Businesses that enroll will automatically receive a rebate check with their monthly statement, making the program simple and hassle-free.
  
Enrollment in Budget Business is free and is open to companies that rent five or more times a year.  Small and mid-sized businesses also benefit from an additional discount off Budget’s lowest qualifying rates on ALL car classes, unlimited mileage and no additional driver fees. The program is also open to drivers age 21 and over and travelers enjoy complimentary Fastbreak – the Budget express rental service that features paperless transactions – and “Rapid Return” so that customers can return their cars and obtain receipts without ever visiting the counter. 
 
“Small and mid-sized businesses are always looking for ways to maximize their travel dollars,” said Chuck Fallon, executive vice president of revenue generation for Cendant Car Rental Group, the parent company of Budget. “The new program makes renting with Budget more rewarding than ever.”

The $2 cash back reward is available to U.S.-based businesses and is valid on rentals completed at all Budget corporate locations and participating licensee locations in the United States. For more information or to enroll in Budget Business, call 1-800-822-7379, visit www.budget.com/bizprogram or contact a local travel professional.

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 nearly 1,800 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand.  The company also operates Budget Truck Rental and is part of Cendant Car Rental Group, 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 www.budget.com or www.cendant.com/media.

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