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Exhibit 12

THE HERTZ CORPORATION AND SUBSIDIARIES
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES (UNAUDITED)
(In Thousands of Dollars Except Ratios)

|                                                           |  |                          |         |      |  |      |           |      |  |      |           |  |  |   |         |  |  |   |         | 
|---------------------------------------------------------- |  | ------------------------ | ------- | ---- |  | ---- | --------- | ---- |  | ---- | --------- |  |  | - | ------- |  |  | - | ------- | 
|                                                           |  | Years Ended December 31,
|                                                           |  |                         
|                                                           |  | 2001                     |         | 2000 |  | 1999 |           | 1998 |  | 1997
|                                                           |  |                          |         |      |  |      |           |      |  |     
|Income before income taxes                                 |  | $                        | 2,723   |      |  | $    | 580,864   |      |  | $    | 560,393   |  |  | $ | 465,392 |  |  | $ | 343,270 | 
|                                                          
|                                                          
|                                                          
|                                                          
|Interest expense                                           |  |                          | 413,711 |      |  |      | 428,387   |      |  |      | 353,516   |  |  |   | 317,756 |  |  |   | 316,038 | 
|                                                          
|                                                          
|                                                          
|                                                          
|Portion of rent estimated to represent the
interest factor |  |                          | 116,393 |      |  |      | 104,886   |      |  |      | 90,463    |  |  |   | 78,435  |  |  |   | 72,752  | 
|                                                           |  |                          |         |      |  |      |           |      |  |      |           |  |  |   |         |  |  |   |         | 
|Earnings before income taxes and fixed
charges             |  | $                        | 532,827 |      |  | $    | 1,114,137 |      |  | $    | 1,004,372 |  |  | $ | 861,583 |  |  | $ | 732,060 | 
|                                                           |  |                          |         |      |  |      |           |      |  |      |           |  |  |   |         |  |  |   |         | 
|Interest expense (including capitalized
interest)          |  | $                        | 415,198 |      |  | $    | 431,308   |      |  | $    | 355,309   |  |  | $ | 318,967 |  |  | $ | 316,536 | 
|                                                          
|                                                          
|                                                          
|                                                          
|Portion of rent estimated to represent the
interest factor |  |                          | 116,393 |      |  |      | 104,886   |      |  |      | 90,463    |  |  |   | 78,435  |  |  |   | 72,752  | 
|                                                           |  |                          |         |      |  |      |           |      |  |      |           |  |  |   |         |  |  |   |         | 
|Fixed charges                                              |  | $                        | 531,591 |      |  | $    | 536,194   |      |  | $    | 445,772   |  |  | $ | 397,402 |  |  | $ | 389,288 | 
|                                                           |  |                          |         |      |  |      |           |      |  |      |           |  |  |   |         |  |  |   |         | 
|Ratio of earnings to fixed charges                         |  |                          | 1.0     |      |  |      | 2.1       |      |  |      | 2.3       |  |  |   | 2.2     |  |  |   | 1.9     | 
|                                                           |  |                          |         |      |  |      |           |      |  |      |           |  |  |   |         |  |  |   |         |