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Budget Group Announces Sale of Non-Core Assets

13 April 2000

Budget Group Announces Sale of Non-Core Assets

    LISLE, Ill., April 12 Budget Group, Inc. today
announced that it has closed on the sale of its Licensee Leasing Program and
has reached agreement to sell two of its new car dealerships.  In total, these
three transactions will generate equity proceeds of approximately $70 million.
    The Licensee Leasing Program, which offers financing to Budget licensees,
was purchased by 1st Source Bank, a South Bend, Indiana, based company owned
by 1st Source Corporation .  1st Source Corporation is the
largest locally owned financial institution headquartered in the Northern
Indiana-Southwestern Michigan area.
    The sale of the two new car dealerships will close in April.  In addition,
Budget Group is continuing negotiations to sell its other non-core assets,
including Cruise America and VPSI.
    Budget Group, Inc. owns Budget Rent a Car Corporation and Ryder TRS.
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.budgetgroup.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 involve a
number of risks, uncertainties and other factors that could cause Budget
Group, Inc.'s actual results to differ materially from those projected in such
forward-looking statements.  Additional information concerning such matters is
contained in the Company's Annual Report on Form 10-K for the year ended
December 31, 1999, and other documents subsequently filed by the Company with
the SEC, all of which are available from the SEC.