Budget Group Completes Asset-Backed Offering of $475 Million

    LISLE, Ill., April 18 Budget Group, Inc.,
announced today that it has completed the sale of $475 million of asset-backed
medium term notes (MTNs) through an institutional private placement.  In
response to demand, the Company sold $75 million more than originally planned.
The Company will use the proceeds to retire maturing asset-backed medium term
notes used to finance its rental fleet.
    Standard and Poor's, Fitch IBCA, Inc. and Moody's Investor Service rated
each of the three securitization classes of notes with 76 percent of the notes
rated AAA.
    Budget Group, Inc. owns Budget Rent a Car Corporation and Ryder TRS, Inc.
Budget is the world's third largest car and truck rental system and Ryder TRS
is the nation's second largest consumer truck rental company.  For more
information, visit the Company's Web site at http://www.budget.com .
    Statements made in this press release that are not historical in nature
may include 'forward-looking statements' within the meaning of the federal
securities laws.  It is important to note that these statements may involve a
number of risks, uncertainties and other factors, including requirements to
secure other additional financings that could cause Budget Group, Inc.'s
actual results to differ materially from such forward-looking statements.
Additional information is contained in the Company's Annual Report on Form
10-K for the year ended December 31, 2000 and other documents filed by the
Company with the SEC, all of which are available from the SEC.