Document:

<PAGE>
                                                                   EXHIBIT 10.40

                         EIGHTH AMENDMENT AND CONSENT TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

      THIS EIGHTH AMENDMENT AND CONSENT TO AMENDED AND RESTATED CREDIT
AGREEMENT, dated as of July 31, 2001 (this "Amendment"), is made by and among
BUDGET GROUP, INC., a Delaware corporation (the "Borrower"), the Lenders (such
capitalized term and all other capitalized terms not otherwise defined herein
shall have the meanings provided for in Article I below) parties hereto and
CREDIT SUISSE FIRST BOSTON, as administrative agent (in such capacity, the
"Administrative Agent") for the Lenders.

                              W I T N E S S E T H:

      WHEREAS, the Borrower, the Lenders and the Agents have heretofore entered
into that certain Amended and Restated Credit Agreement, dated as of June 19,
1998 (as amended by the First Amendment to Amended and Restated Credit Agreement
dated as of September 11, 1998, the Second Amendment to Amended and Restated
Credit Agreement dated as of March 18, 1999, the Third Amendment to Amended and
Restated Credit Agreement dated as of December 22, 1999, the Fourth Amendment
and Waiver to Amended and Restated Credit Agreement dated as of September 30,
2000, the Fifth Amendment to Amended and Restated Credit Agreement, dated as of
January 10, 2001, the Sixth Amendment to Amended and Restated Credit Agreement,
dated as of February 9, 2001, the Seventh Amendment and Consent to Amended and
Restated Credit Agreement, dated as of June 19, 2001, and as further amended,
supplemented, amended and restated or otherwise modified prior to the date
hereof, the "Credit Agreement");

      WHEREAS, effective with the calculation of the Borrowing Base Amount as of
the last day of July 2001, the Borrower will only be permitted to include in the
Borrowing Base Amount (as provided in the definition thereof) (i) 50% of the
Appraised Value of Eligible Trademarks (as opposed to 60% previously), (ii) 30%
of the Net Book Value of Eligible Real Estate (as opposed to 50% previously) and
(iii) the sum of the applicable percentages of Eligible Trademarks, Eligible
FF&E and Eligible Real Estate solely to the extent such sum does not exceed the
sum of the applicable permitted percentages of Eligible Receivables, Eligible
Cash and Cash Equivalents, Eligible Repurchase Vehicles and Eligible
Non-Repurchase Vehicles;

      WHEREAS, as a result of the operation of these provisions in the
definition of Borrowing Base Amount that become effective with the determination
of the Borrowing Base Amount as of the last day of July 2001, the aggregate
unpaid principal amount of all loans and Letter of Credit Outstandings may
exceed the Borrowing Base Amount;

      WHEREAS, the Borrower may wish to redeem, purchase or acquire, or cause
the redemption, purchase or acquisition of, Convertible Preferred Securities
(and the related
<PAGE>
principal amount of High Tides Debentures) and/or 1999 Senior Notes by issuing
shares of its common stock as sole consideration therefor;

      WHEREAS, the Seventh Amendment provided the Borrower with the ability to
sell all of the Capital Stock of its indirect, Wholly-Owned Subsidiary, Compact
Rent A Car Ltd., a corporation organized under the laws of the province of
Quebec and engaged in the renting of passenger automobiles and trucks in Quebec
("Compact"), so long as, among other things, the Commitment Amount would be
reduced to $525,000,000 upon the closing of such sale;

      WHEREAS, the Compact Sale (as specifically defined in the Seventh
Amendment) has not yet occurred and is not likely to occur, but the Borrower
desires to retain the flexibility to sell the Compact business in the future;

      WHEREAS, the Borrower desires certain consents from the requisite Lenders
in connection with the foregoing; and

      WHEREAS, the requisite Lenders are willing, on and subject to the terms
and conditions set forth below (including, without limitation, an amendment to
the Commitment Amount), to grant the consents provided below (the Credit
Agreement, as amended and otherwise modified pursuant to the terms of this
Amendment, being referred to as the "Amended Credit Agreement");

      NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein contained, the Borrower and the requisite Lenders hereby agree as
follows:

                                    ARTICLE I

                                   DEFINITIONS

      SECTION 1.1. Certain Definitions. The following terms (whether or not
underscored) when used in this Amendment shall have the following meanings (such
meanings to be equally applicable to the singular and plural forms thereof):

      "Administrative Agent" is defined in the preamble.

      "Amended Credit Agreement" is defined in the eighth recital.

      "Amendment" is defined in the preamble.

      "Borrower" is defined in the preamble.

      "Credit Agreement" is defined in the first recital.

                                      -2-
<PAGE>
      SECTION 1.2. Other Definitions. Terms for which meanings are provided in
the Amended Credit Agreement are, unless otherwise defined herein or the context
otherwise requires, used in this Amendment with such meanings.

                                   ARTICLE II

                             AMENDMENTS AND CONSENTS

      SECTION 2.1. Amendments. Subject to the satisfaction of the conditions set
forth in Article III, the Credit Agreement is hereby amended in accordance with
this Section 2.1.

      SECTION 2.1.1. Amendment to Section 1.1 of the Credit Agreement. (a) In
the event the closing of the Compact Sale (as defined in the Seventh Amendment)
has not occurred prior to the effectiveness of this Amendment, the Commitment
Amount shall be reduced from $550,000,000 to $500,000,000 (with the reference in
the definition of "Commitment Amount" to "$550,000,000" being amended to be a
reference to "$500,000,000"), which reduction shall be allocated pro rata among
the Lenders at the time of such reduction.

      (a) In the event the closing of the Compact Sale (as defined in the
Seventh Amendment) has occurred prior to the effectiveness of this Amendment,
the Commitment Amount shall be reduced from $525,000,000 to $500,000,000 (with
the reference in the definition of "Commitment Amount" to "$525,000,000" being
amended to be a reference to "$500,000,000"), which reduction shall be allocated
pro rata among the Lenders at the time of such reduction.

      SECTION 2.1.2. Additional Amendments to Section 1.1 ("Defined Terms") of
the Credit Agreement. Section 1.1 of the Credit Agreement is hereby amended by
inserting in such Section the following definitions in the appropriate
alphabetical order:

                  "'Eighth Amendment' means the Eighth Amendment and Consent to
            Amended and Restated Credit Agreement, dated as of July 31, 2001
            among the Borrower, the Lenders parties thereto and the
            Administrative Agent."

                  "'Permitted Compact Sale' means the sale of all of the Capital
            Stock of the Borrower's indirect, Wholly-Owned Subsidiary, Compact
            Rent A Car Ltd., a corporation organized under the laws of the
            province of Quebec and engaged in the renting of passenger
            automobiles and trucks in Quebec ("Compact"), or the sale of all or
            substantially all of the assets of Compact, so long as the following
            conditions are satisfied on or prior to the closing of such sale:
            (i) the repayment in cash of all obligations of Compact to the
            Borrower and its Subsidiaries (other than Compact), (ii) the
            repayment of all Indebtedness incurred by Compact with respect to
            which the provider or providers of such Indebtedness have recourse
            against the Borrower or any of its Subsidiaries (other than
            Compact), whether pursuant to a guaranty or otherwise, and (iii) the
            entry by Compact (or, in the case

                                      -3-
<PAGE>
            of an asset sale, the acquirer of the assets of Compact) into a
            franchise agreement with Budget Rent-A-Car Corporation having terms
            similar to other franchise agreements entered into by Budget
            Rent-A-Car Corporation with other franchisees."

                  "'Seventh Amendment' means the Seventh Amendment and Consent
            to Amended and Restated Credit Agreement, dated as of June 19, 2001,
            among the Borrower, the Lenders parties thereto and the
            Administrative Agent."

      SECTION 2.2. Consents. Subject to the satisfaction of the conditions set
forth in Article III, the Lenders, as of the date hereof, hereby:

      (a) consent to the Borrowing Base Amount calculated as of the last day of
July 2001 and as of the last day of August 2001 to be less than the aggregate
unpaid principal amount of all Loans and Letter of Credit Outstandings
outstanding during the period in which such Borrowing Base Amount is in effect
under the terms of the Credit Agreement, without requiring any mandatory
prepayments and/or cash collateralization under clause (b) of Section 3.1.1 of
the Credit Agreement; provided that such Borrowing Base Amount is not less than
$426,000,000 as of the last day of July 2001 and not less than $452,000,000 as
of the last day of August 2001;

      (b) (i) waive (i) to the extent necessary to permit a Permitted Compact
Sale, the restrictions set forth in Section 8.2.10 of the Credit Agreement
("Asset Dispositions, etc.") and (ii) the requirements of Section 2.2.2 of the
Credit Agreement ("Reduction of the Commitment Amount - Mandatory") with respect
to such proceeds of such Permitted Compact Sale (it being understood and agreed
that proceeds of such Permitted Compact Sale may be used by the Borrower and its
Subsidiaries for general corporate purposes), and

            (ii) consent and agree that no portion of the fair market value of
      Compact shall be counted for purposes of computing the aggregate amount
      set forth in clause (c)(ii) of Section 8.2.10 of the Credit Agreement;

      provided that the Administrative Agent, for the benefit of the Secured
      Parties, shall have, upon consummation of the Permitted Compact Sale, a
      perfected, first-priority security interest in all non-cash consideration
      received by the Borrower and its Subsidiaries in respect of the Permitted
      Compact Sale; and

      (c) waive the restrictions set forth in clause (c) of Section 8.2.6 and in
Section 8.2.5 of the Credit Agreement to the extent necessary to permit the
Borrower to redeem, purchase or otherwise acquire, or cause the redemption,
purchase or other acquisition of, Convertible Preferred Securities (and the
related principal amount of High Tides Debentures) and/or 1999 Senior Notes;
provided that (i) the sole consideration in any such redemption, purchase or
acquisition are shares of the common stock of the Borrower and (ii)(A) in the
case of the Convertible Preferred Securities (and the related principal amount
of High Tides Debentures), Indebtedness of the Borrower in respect of the High
Tides Debentures and any guaranty issued

                                      -4-
<PAGE>
with respect to the same shall be cancelled to the extent necessary so that the
aggregate amount of such Indebtedness (without duplication) does not exceed the
amount of Indebtedness permitted by clause (c) of Section 8.2.2 of the Credit
Agreement and (B) in the case of the 1999 Senior Notes, Indebtedness of the
Borrower in respect of the 1999 Senior Notes so redeemed, purchased or otherwise
acquired shall be cancelled and the aggregate principal amount of Indebtedness
permitted to be outstanding under clause (o) of Section 8.2.2 of the Credit
Agreement shall be reduced accordingly.

                                   ARTICLE III

                           CONDITIONS TO EFFECTIVENESS

      This Amendment, and the amendments and modifications contained herein,
shall be and shall become effective as of the date hereof subject to the
satisfaction of each of the conditions set forth in this Article III to the
satisfaction of the Administrative Agent.

      SECTION 3.1. Execution of Counterparts. The Administrative Agent shall
have received counterparts of this Amendment, duly executed and delivered on
behalf of the Borrower and each of the requisite Lenders.

      SECTION 3.2. Closing Date Certificate. The Administrative Agent shall have
received, with counterparts for each Lender, a certificate, dated the effective
date of this Amendment, appropriately completed and duly executed and delivered
by an Authorized Officer of the Borrower in which certificate the Borrower shall
agree and acknowledge that the statements made therein shall be deemed to be
true and correct representations and warranties of the Borrower made as of such
date and, at the time such certificate is delivered, such statements shall in
fact be true and correct.

      SECTION 3.3. Execution of Affirmation and Acknowledgment. The
Administrative Agent shall have received an affirmation and acknowledgment,
dated the effective date of this Amendment and in form and substance
satisfactory to it, duly executed and delivered by each Guarantor and any other
Obligor that has granted a Lien pursuant to any Loan Document.

      SECTION 3.4. Amendment Fee. The Administrative Agent shall have received
the amendment fees due and payable pursuant to Section 5.4.

      SECTION 3.5. Fees and Expenses. The Administrative Agent shall have
received all fees and expenses due and payable pursuant to Section 5.5 (to the
extent then invoiced) and pursuant to the Credit Agreement (including all
previously invoiced fees and expenses).

                                   ARTICLE IV

                                      -5-
<PAGE>
                         REPRESENTATIONS AND WARRANTIES

      SECTION 4.1. Representations and Warranties. In order to induce the
requisite Lenders and the Administrative Agent to enter into this Amendment, the
Borrower hereby represents and warrants to the Administrative Agent, the Issuer
and each Lender, as of the date hereof, as follows:

      (a) the representations and warranties set forth in Article VII of the
Credit Agreement (excluding, however, those contained in Section 7.7 of the
Credit Agreement) and in each other Loan Document are, in each case, true and
correct (unless stated to relate solely to an earlier date, in which case such
representations and warranties are true and correct as of such earlier date);

      (b) except as disclosed by the Borrower to the Agents, the Issuer and the
Lenders pursuant to Section 7.7 of the Credit Agreement

                  (i) no labor controversy, litigation, arbitration or
            governmental investigation or proceeding is pending or, to the best
            knowledge of the Borrower, threatened against the Borrower or any of
            its Subsidiaries which might materially adversely affect the
            Borrower's consolidated business, operations, assets, revenues,
            properties or prospects or which purports to affect the legality,
            validity or enforceability of this Agreement, the Notes or any other
            Loan Document; and

                  (ii) no development has occurred in any labor controversy,
            litigation, arbitration or governmental investigation or proceeding
            disclosed pursuant to Section 7.7 of the Credit Agreement which
            might materially adversely affect the consolidated businesses,
            operations, assets, revenues, properties or prospects of the
            Borrower and its Subsidiaries;

      (c) after giving effect to this Amendment, no Default has occurred and is
continuing, and neither the Borrower nor any of its Subsidiaries nor any other
Obligor is in material violation of any law or governmental regulation or court
order or decree;

      (d) this Amendment has been duly authorized, executed and delivered by the
Borrower and constitutes a legal, valid and binding obligation of the Borrower,
enforceable against it in accordance with its terms, except to the extent the
enforceability hereof may be limited by (i) the effect of bankruptcy,
insolvency, reorganization, moratorium or other similar laws now or hereafter in
effect relating to or affecting the rights and remedies of creditors generally
and (ii) the effect of general principles of equity, whether enforcement is
considered in a proceeding in equity or at law; and

      (e) the execution, delivery and performance by the Borrower and its
Subsidiaries of this Amendment and each other Loan Document executed or to be
executed by any of them in connection therewith are within the Borrower's and
each such Subsidiary's corporate powers,

                                      -6-
<PAGE>
have been duly authorized by all necessary corporate action, and do not (i)
contravene the Borrower's or such Subsidiary's Organic Documents, (ii)
contravene any contractual restriction, law or governmental regulation or court
decree or order binding on or affecting the Borrower or such Subsidiary or (iii)
result in, or require the creation or imposition of, any Lien (other than the
Liens created under the Loan Documents in favor of the Administrative Agent for
the benefit of the Secured Parties) on any of the Borrower's or such
Subsidiary's properties.

      SECTION 4.2. Full Disclosure. Except as corrected by written information
delivered to the Agents and the Lenders reasonably prior to the date on which
this representation is made, all factual information heretofore or
contemporaneously furnished by the Borrower in writing to any Agent, the Issuer
or any Lender for purposes of or in connection with this Amendment or any
transaction contemplated hereby is true and accurate in every material respect
and such information is not incomplete by omitting to state any material fact
necessary to make such information not misleading. All projections delivered to
any Agent or any Lender by or on behalf of the Borrower have been prepared in
good faith by the Borrower and represent the best estimates of the Borrower, as
of the date hereof, of the reasonably expected future performance of the
businesses reflected in such projections.

      SECTION 4.3. Compliance with Credit Agreement. After giving effect to this
Amendment, each Obligor is in compliance with all the terms and conditions of
the Credit Agreement and the other Loan Documents to be observed or performed by
it thereunder, and no Default has occurred and is continuing.

                                    ARTICLE V

                                  MISCELLANEOUS

      SECTION 5.1. Full Force and Effect; Limited Amendment. Except as expressly
provided herein, all of the representations, warranties, terms, covenants,
conditions and other provisions of the Credit Agreement and the other Loan
Documents shall remain in full force and effect in accordance with their
respective terms and are in all respects hereby ratified and confirmed. The
amendments and consents set forth herein shall be limited precisely as provided
for herein to the provisions expressly amended herein, waived hereby or
consented to hereby and shall not be deemed to be an amendment to, waiver of,
consent to or modification of any other term or provision of the Credit
Agreement, any other Loan Document referred to therein or herein or of any
transaction or further or future action on the part of the Borrower or any other
Obligor which would require the consent of any of the Lenders under the Credit
Agreement or any of the other Loan Documents.

      SECTION 5.2. Loan Document Pursuant to Credit Agreement. This Amendment is
a Loan Document executed pursuant to the Credit Agreement and shall be
construed, administered and applied in accordance with all of the terms and
provisions of the Credit Agreement (and, following the date hereof, the Amended
Credit Agreement). Any breach of any representation or

                                      -7-
<PAGE>
warranty or covenant or agreement contained in this Amendment shall be deemed to
be an Event of Default for all purposes of the Credit Agreement and the other
Loan Documents.

      SECTION 5.3. Further Assurances. The Borrower hereby agrees that it will
take any action that from time to time may be reasonably necessary to effectuate
the amendments contemplated herein.

      SECTION 5.4. Amendment Fee. Upon satisfaction of the condition set forth
in Section 3.1, the Borrower shall pay, without setoff, deduction or
counterclaim, a non-refundable amendment fee for the account of each Lender that
has executed and delivered (including delivery by way of facsimile) a copy of
this Amendment to the attention of Sal Guerrera at Mayer, Brown & Platt, 1675
Broadway, New York, New York 10019 (19th floor), telecopy number 212-262-1910 at
or prior to 5:00 p.m., New York time, on September 5, 2001 (as such time may be
extended by the Borrower), in the amount of 15 basis points of such Lender's
Commitment as of the date hereof. The aggregate amount of such amendment fee
shall be paid at or prior to noon, New York time, on September 6, 2001 (or, in
the event the date in the immediately preceding sentence has been extended, the
Business Day that immediately succeeds such extended date) to the Administrative
Agent for the pro rata account of the Lenders entitled to receive such amendment
fee.

      SECTION 5.5. Fees and Expenses. The Borrower shall pay all reasonable
out-of-pocket expenses incurred by the Administrative Agent in connection with
the preparation, negotiation, execution and delivery of this Amendment and the
documents and transactions contemplated hereby, including the reasonable fees
and disbursements of Mayer, Brown, and Platt, as counsel for the Administrative
Agent.

      SECTION 5.6. Headings. The various headings of this Amendment are inserted
for convenience only and shall not affect the meaning or interpretation of this
Amendment or any provisions hereof.

      SECTION 5.7. Execution in Counterparts. This Amendment may be executed by
the parties hereto in counterparts, each of which shall be deemed to be an
original and all of which shall constitute together but one and the same
agreement.

      SECTION 5.8. Cross-References. References in this Amendment to any Article
or Section are, unless otherwise specified or otherwise required by the context,
to such Article or Section of this Amendment.

      SECTION 5.9. Severability. Any provision of this Amendment which is
prohibited or unenforceable in any jurisdiction shall, as to such provision and
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment
or affecting the validity or enforceability of such provision in any other
jurisdiction.

                                      -8-
<PAGE>
      SECTION 5.10. Successors and Assigns. This Amendment shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns.

      SECTION 5.11. GOVERNING LAW. THIS AMENDMENT SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -9-
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers or general partners (or their respective
officers) thereunto duly authorized as of the day and year first above written.

                                    BUDGET GROUP, INC.

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    CREDIT SUISSE FIRST BOSTON, as a Lender
                                       and the Administrative Agent

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    BANK OF AMERICA, N.A.

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    BANK OF MONTREAL

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-10
<PAGE>
                                    THE BANK OF NEW YORK

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    THE BANK OF NOVA SCOTIA

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                       NEW YORK BRANCH

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    BANK POLSKA KASA OPIEKI S.A. - PEKAO
                                       S.A. GROUP, NEW YORK BRANCH

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    WASHINGTON MUTUAL BANK, F.A. (as
                                       successor in interest to BANK UNITED)

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-11
<PAGE>
                                    BANKERS TRUST COMPANY

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    BNP PARIBAS

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    BANQUE WORMS CAPITAL CORPORATION

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    BHF (USA) CAPITAL CORPORATION

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-12
<PAGE>
                                    CERBERUS PARTNERS L.P.

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    CREDIT INDUSTRIEL ET COMMERCIAL

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    COMMERZBANK AKTIENGESELLSCHAFT,
                                       CHICAGO BRANCH

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-13
<PAGE>
                                    CREDIT AGRICOLE INDOSUEZ

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    CREDIT LYONNAIS CHICAGO BRANCH

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    DRESDNER BANK AG, NEW YORK AND
                                       GRAND CAYMAN BRANCHES

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-14
<PAGE>
                                    ERSTE BANK DER OESTERREICHISCHEN
                                       SPARKASSEN AG

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:
                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    FLEET BANK, N.A.

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    THE FUJI BANK, LIMITED

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    IMPERIAL BANK

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-15
<PAGE>
                                    GENERAL ELECTRIC CAPITAL CORPORATION

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    GOLDMAN SACHS CREDIT PARTNERS L.P.

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    MERRILL LYNCH, PIERCE, FENNER & SMITH
                                       INCORPORATED

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    NATEXIS BANQUE

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-16
<PAGE>
                                    SATELLITE DISTRESSED CREDITS FUND, LLC

                                    By:   Satellite Asset Management, L.P., its
                                             Investment Manager

                                       By
                                          ------------------------------------
                                             Name:
                                             Title:

                                    SOUTHERN PACIFIC BANK

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    SUMITOMO MITSUI BANKING CORPORATION

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    SUNTRUST BANK

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                    DK ACQUISITION PARTNERS LP

                                    By
                                       ---------------------------------------
                                       Name:
                                       Title:

                                      S-17<PAGE>
                                                                   Exhibit 10.41

                     NINTH AMENDMENT, WAIVER AND CONSENT TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

         THIS NINTH AMENDMENT, WAIVER AND CONSENT TO AMENDED AND RESTATED CREDIT
AGREEMENT, dated as of December 20, 2001 (this "Amendment"), is made by and
among BUDGET GROUP, INC., a Delaware corporation (the "Borrower"), the Lenders
(such capitalized term and all other capitalized terms not otherwise defined
herein shall have the meanings provided for in Article I below) parties hereto
and CREDIT SUISSE FIRST BOSTON, as administrative agent (in such capacity, the
"Administrative Agent") for the Lenders.

                              W I T N E S S E T H:

         WHEREAS, the Borrower, the Lenders and the Agents have heretofore
entered into that certain Amended and Restated Credit Agreement, dated as of
June 19, 1998 (as amended by the First Amendment to Amended and Restated Credit
Agreement dated as of September 11, 1998, the Second Amendment to Amended and
Restated Credit Agreement dated as of March 18, 1999, the Third Amendment to
Amended and Restated Credit Agreement dated as of December 22, 1999, the Fourth
Amendment and Waiver to Amended and Restated Credit Agreement dated as of
September 30, 2000, the Fifth Amendment to Amended and Restated Credit
Agreement, dated as of January 10, 2001, the Sixth Amendment to Amended and
Restated Credit Agreement, dated as of February 9, 2001, the Seventh Amendment
and Consent to Amended and Restated Credit Agreement, dated as of June 19, 2001,
the Eighth Amendment and Consent to Amended and Restated Credit Agreement, dated
as of July 31, 2001, and as further amended, supplemented, amended and restated
or otherwise modified prior to the date hereof, the "Credit Agreement");

         WHEREAS, the aggregate unpaid principal amount of all Loans and Letter
of Credit Outstandings may exceed the Borrowing Base Amount;

         WHEREAS, the Borrower desires to consummate certain asset sales;

         WHEREAS, the Borrower desires certain waivers and consents from the
requisite Lenders in connection with the foregoing and with respect to certain
related matters; and

         WHEREAS, the requisite Lenders are willing, on and subject to the terms
and conditions set forth below (including, without limitation, the amendments to
the Credit Agreement provided for herein), to grant the waivers and consents
provided below (the Credit Agreement, as amended and otherwise modified pursuant
to the terms of this Amendment, being referred to as the "Amended Credit
Agreement");

<PAGE>

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, the Borrower and the requisite Lenders hereby agree
as follows:

                                                      ARTICLE I

                                                     DEFINITIONS

         SECTION I.1. Certain Definitions. The following terms (whether or not
underscored) when used in this Amendment shall have the following meanings (such
meanings to be equally applicable to the singular and plural forms thereof):

         "Administrative Agent" is defined in the preamble.

         "Amended Credit Agreement" is defined in the fifth recital.

         "Amendment" is defined in the preamble.

         "Borrower" is defined in the preamble.

         "Credit Agreement" is defined in the first recital.

         SECTION I.2. Other Definitions. Terms for which meanings are provided
in the Amended Credit Agreement are, unless otherwise defined herein or the
context otherwise requires, used in this Amendment with such meanings.

                                   ARTICLE II

                        AMENDMENTS, WAIVERS AND CONSENTS;
                         REDUCTION IN COMMITMENT AMOUNT

         SECTION II.1. Amendments. Subject to the satisfaction of the conditions
set forth in Article III, the Credit Agreement is hereby amended in accordance
with this Section 2.1.

         SECTION II.0.1. Amendment to Section 1.1 ("Defined Terms") of the
Credit Agreement. The definition of "Loan Availability Amount" set forth in
Section 1.1 of the Credit Agreement is hereby amended and restated in its
entirety as follows:

         "'Loan Availability Amount" means $0.'"

         SECTION II.0.2. Additional Amendments to Section 1.1 ("Defined Terms")
of the Credit Agreement. Section 1.1 of the Credit Agreement is hereby amended
by inserting in such Section the following definitions in the appropriate
alphabetical order:

<PAGE>

                  "Lease" means a Lease, as defined in the Base Indenture,
         including (i) the Amended and Restated Master Motor Vehicle Lease
         Agreement, dated as of December 1, 1996, as subsequently amended or
         modified, among TFFC, Budget and the lessees party thereto; (ii) the
         Motor Vehicle Lease Agreement - Series 1997-1, dated as of April 1,
         1997, as subsequently amended or modified, among TFFC, Budget and the
         lessees party thereto; (iii) the Motor Vehicle Lease Agreement - Series
         1997-2, dated as of April 29, 1997, as subsequently amended or
         modified, among TFFC, Budget and the lessees party thereto; (iv) the
         Amended and Restated Master Motor Vehicle Lease Agreement - Group I,
         dated as of June 19, 1998, as subsequently amended or modified, among
         TFFC, Budget and the lessees party thereto; and (v) the Master Motor
         Vehicle Lease Agreement - Group V, dated as of April 18, 2001 as
         subsequently amended or modified, among TFFC, Budget and the lessees
         party thereto.

                  "'Ninth Amendment' means the Ninth Amendment, Waiver and
         Consent to Amended and Restated Credit Agreement, dated as of December
         20, 2001, among the Borrower, the Lenders parties thereto and the
         Administrative Agent."

                  "Ninth Amendment Effective Date" means the date the Ninth
         Amendment became effective in accordance with its terms.

         SECTION II.0.3. Amendment to Section 4.2 ("Issuances and Extensions")
of the Credit Agreement. Section 4.2 of the Credit Agreement is hereby amended
by amending and restating the final two sentences thereof in their entirety as
follows:

         "Notwithstanding anything to the contrary herein, on and after the
         Ninth Amendment Effective Date, no Letter of Credit may be issued and
         the Stated Amount of any Letter of Credit then existing may not be
         increased, other than (i) the issuance of Enhancement Letters of Credit
         or the increase in the Stated Amount of existing Enhancement Letters of
         Credit, provided that (x) the aggregate Stated Amount of such newly
         issued Enhancement Letters of Credit, together with the aggregate
         increases in the Stated Amount of such existing Enhancement Letters of
         Credit, does not exceed $8,000,000 and (y) concurrently with any such
         issuance or increase, the aggregate Stated Amount of all other
         Enhancement Letters of Credit is reduced dollar-for-dollar in an amount
         equal to the Stated Amount of such newly issued Enhancement Letter of
         Credit or such increase in the Stated Amount of an existing Enhancement
         Letter of Credit, and (ii) the issuance of General Letters of Credit or
         the increase in the Stated Amount of existing General Letters of
         Credit, in each case for the purpose of supporting the insurance
         requirements of the Borrower and its Subsidiaries, provided that the
         aggregate Stated Amount of such newly issued General Letters of Credit,
         together with the aggregate increases in the Stated Amount of such
         existing General Letters of Credit, does not exceed $3,500,000."

                                      -3-
<PAGE>

         SECTION II.0.4. Amendment of Section 8.1.9 ("Future Subsidiaries") of
the Credit Agreement. Section 8.1.9 of the Credit Agreement is hereby amended by
(a) deleting in clause (a) thereof the phrase "in the event such Person is a
Subsidiary which is not a Foreign Subsidiary," and (b) deleting in clause (b)
thereof the proviso set forth in such clause.

         SECTION II.0.5. Additional Amendments to Section 8.1 ("Affirmative
Covenants") of the Credit Agreement. Section 8.1 of the Credit Agreement is
hereby further amended by adding the following Sections 8.1.15, 8.1.16, 8.1.17,
8.1.18 and 8.1.19 thereto:

                  "SECTION 8.1.15. Lease Agreements. The Borrower shall cause
         each of its Subsidiaries that is a lessee under a Lease (i) to make all
         payments required to be made by it thereunder on the date such payments
         are required to be made thereunder and (ii) to comply in all respects
         with each of its other obligations thereunder.

                  SECTION 8.1.16 Additional Collateral. The Borrower shall (a)
         as soon as practicable following the effectiveness of the Ninth
         Amendment, (i) cause its relevant Subsidiary (or itself) to cause the
         Administrative Agent, for the benefit of the Secured Parties, to have a
         first priority perfected security interest in the property described on
         Schedule I to the Ninth Amendment (subject to Liens permitted
         hereunder), (ii) cause each Foreign Subsidiary (including each Foreign
         Subsidiary acquired or formed following the effectiveness of the Ninth
         Amendment), subject to exceptions agreed to by the Administrative Agent
         based on the value to the Secured Parties of any such guaranty and the
         cost to the Borrower and its Subsidiaries of providing such guaranty,
         to execute and deliver to the Administrative Agent a supplement to the
         Subsidiary Guaranty for the purpose of becoming a guarantor thereunder,
         which supplement shall be substantially in the form of Annex I attached
         to the Subsidiary Guaranty (with such modifications thereto as are
         necessary, in the reasonable judgment of the Administrative Agent, to
         cause the Subsidiary Guaranty to be the legal, valid, binding and
         enforceable obligation of such Subsidiary under all applicable laws),
         and (iii) cause each such Subsidiary to cause the Administrative Agent,
         for the benefit of the Secured Parties, to have a first priority
         perfected security interest in all the property (real and personal,
         tangible and intangible) owned on the date of such effectiveness by
         such Subsidiary and (except to the extent theretofore provided to the
         Administrative Agent for the benefit of the Secured Parties) in all
         Capital Stock of such Subsidiary, in each case subject to Liens
         permitted hereunder and exceptions agreed to by the Administrative
         Agent based on the value to the Secured Parties of any such security
         interest and the cost to the Borrower and its Subsidiaries of providing
         such security interest, and (b) cause each such Subsidiary to cause the
         Administrative Agent, for the benefit of the Secured Parties, to have a
         first priority security interest (subject to Liens permitted hereunder
         and exceptions agreed to by the Administrative Agent based on the value
         to the Secured Parties of any such security interest and the cost to
         the Borrower and its Subsidiaries of providing such security interest)
         in all the property (real and personal, tangible and intangible) owned
         from time

                                      -4-
<PAGE>

         to time after the date of such effectiveness by each such Subsidiary
         upon the acquisition of such property. The Borrower agrees to use its
         best efforts to fulfill its obligations under clause (a) of the
         immediately preceding sentence no later than December 31, 2001. In
         order to effect the terms of the first sentence of this Section, the
         Borrower and its Subsidiaries shall execute and deliver to the
         Administrative Agent such agreements, instruments and documents as it
         may reasonably request, including amendments and/or supplements to the
         Subsidiary Guaranty, the Subsidiary Security Agreement, the Subsidiary
         Pledge Agreement, mortgages and/or deeds of trust, title insurance
         reports, financing statements and, in the Administrative Agent's
         reasonable discretion, legal opinions (including legal opinions with
         respect to collateral provided to the Administrative Agent pursuant to
         the terms of Sections 3.5 and 3.6 of the Ninth Amendment), in each case
         in form and substance reasonably satisfactory to the Administrative
         Agent.

                  SECTION 8.1.17. Preliminary Plan. The Borrower shall furnish,
         or shall cause to be furnished, to each Lender on or prior to January
         25, 2002, its preliminary plan (i) for restructuring the Indebtedness
         of it and its Subsidiaries, (ii) for obtaining financing for the
         acquisition (or refinancing) of Vehicles necessary to meet its business
         plan, and (iii) for meeting its liquidity needs, such plan to be in
         form and scope reasonably satisfactory to the Lender Committee Members
         holding a majority of the Commitment Amount held in the aggregate by
         them; provided that, if such plan is initially not reasonably
         satisfactory in form and scope to such Lender Committee Members, the
         Borrower shall have three Business Days from its receipt of notice from
         such Lender Committee Members that such plan is not in form and scope
         reasonably satisfactory to such Lender Committee Members (which notice
         shall set forth the reasons such plan is not satisfactory) to furnish a
         revised plan that is in form and scope reasonably satisfactory to such
         Lender Committee Members.

                  SECTION 8.1.18. Amendment Fee. The Borrower shall pay, without
         setoff, deduction or counterclaim, a non-refundable amendment fee with
         respect to the Ninth Amendment for the account of each Lender that
         executed and delivered the Ninth Amendment on or prior to December 20,
         2001 (as such time may be extended by the Borrower), in the amount of
         50 basis points of such Lender's Commitment as of such date. The
         aggregate amount of such amendment fee shall be paid to the
         Administrative Agent for the pro rata account of the Lenders entitled
         to receive such amendment fee on or prior to the earlier of (x)
         September 12, 2002 and (y) the occurrence of a Commitment Termination
         Event.

                  SECTION 8.1.19. Proceeds Cash Collateral Account. The Borrower
         shall, as soon as possible following each withdrawal (if any) from the
         Proceeds Cash Collateral Account (as defined in Section 2.2 of the
         Ninth Amendment) that is made pursuant to a certification described in
         subclause (2)(y) of the proviso to clause (d) of Section 2.2 of

                                      -5-
<PAGE>

         the Ninth Amendment, deposit all unrestricted cash held by it or any of
         its Subsidiaries into the Proceeds Cash Collateral Account until the
         aggregate amount of such deposits equals the aggregate amount of such
         withdrawals.

         SECTION II.0.6. Amendment to Section 8.2.10 ("Asset Dispositions,
etc.") of the Credit Agreement. Clause (c) of Section 8.2.10 of the Credit
Agreement is hereby amended by amending and restating the proviso thereto in its
entirety to read as follows:

         "provided, however, that, following the Ninth Amendment Effective Date,
         the aggregate fair market value of all such assets (whether or not
         relating to the conduct of a Core Business) sold, transferred or
         conveyed pursuant to this clause (c) following the Ninth Amendment
         Effective Date shall not exceed $2,500,000; provided further, however,
         that no such sale, transfer or conveyance of any asset (whether or not
         relating to the conduct of a Core Business) shall be permitted to be
         made if immediately before or after giving effect thereto, any Default
         shall have occurred and be continuing;"

         SECTION II.0.7. Additional Amendments to Section 8.2 ("Negative
Covenants") of the Credit Agreement. Section 8.2 of the Credit Agreement is
hereby further amended by adding a new Section 8.2.19 thereto:

                  "SECTION 8.2.19 Employment and Other Arrangements. (a) The
         Borrower will not (i) amend, supplement or modify, or permit any of its
         Subsidiaries to amend, supplement or modify, any agreement with an
         officer or employee of the Borrower or any of its Subsidiaries who was,
         as of November 1, 2001, one of the four most highly compensated
         officers and employees of the Borrower and its Subsidiaries (exclusive
         of all compensation payable in the Borrower's common stock, but
         otherwise as would be determined pursuant to Regulation S-K under the
         Securities Act), or (ii) enter into, or permit any of its Subsidiaries
         to enter into, any new agreement or arrangement with any such officer
         or employee (including with respect to severance), in any capacity
         (including as a consultant), except to the extent the aggregate cash
         cost to the Borrower and its Subsidiaries with respect to any such
         officer or employee as a result of any such amendments, supplements,
         modifications and new agreements and arrangements would not be
         increased.

                  (b) The Borrower will not (i) amend, modify or supplement, or
         permit any of its Subsidiaries to amend, supplement or modify, any
         Lease or Supplement to the Base Indenture, or (ii) enter into, or
         permit any of its Subsidiaries to enter into, any new Lease or new
         Supplement to the Base Indenture, except to the extent such amendment,
         modification or supplement or new Lease or Supplement could not
         reasonably be expected to have an adverse effect on the Lenders.

                                      -6-
<PAGE>

         SECTION II.0.8. Amendment to Section 9.1.3 ("Non-Performance of Certain
Covenants and Obligations") of the Credit Agreement. Section 9.1.3 of the Credit
Agreement is hereby amended by adding the phrase " , 8.1.15, 8.1.16, 8.1.17,
8.1.18 or 8.1.19" at the end thereof.

         SECTION II.0.9. Amendment to Section 11.3 ("Payment of Costs and
Expenses") of the Credit Agreement. Section 11.3 of the Credit Agreement is
hereby amended by adding the following sentence at the end thereof:

         "In addition to, and without limiting the effect of, the foregoing
         provisions of this Section 11.3, the Borrower also agrees to pay (i)
         the out-of-pocket expenses of each Lender Committee Member and (ii) the
         fees and out-of-pocket expenses of (A) any special restructuring
         counsel engaged by the Administrative Agent and (B) Conway, Del Genio,
         Gries & Co., LLC, consultants to the Lenders (and the Borrower agrees
         that it will, and will cause each of its Subsidiaries to, permit such
         consultants to have access to their respective books, records, officers
         and accountants for the purpose of completing their engagement and
         otherwise cooperate with such consultants in completing their
         engagement)."

         SECTION II.1. Waivers and Consents. Subject to the satisfaction of the
conditions set forth in Article III, the Lenders, as of the date hereof, hereby:

                  (a) waive, until (and including) February 8, 2002, compliance
         by the Borrower with the provisions of clause (d) of Section 8.2.4 of
         the Credit Agreement with respect to the fourth Fiscal Quarter of the
         2001 Fiscal Year;

                 (b) consent to the Borrowing Base Amount calculated as of the
        last day of November 2001 to be less than the aggregate unpaid principal
        amount of all Loans and Letter of Credit Outstandings outstanding during
        the period in which such Borrowing Base Amount is in effect under the
        terms of the Credit Agreement, without requiring any mandatory
        prepayments and/or cash collateralization under clause (b) of Section
        3.1.1 of the Credit Agreement; provided that such Borrowing Base Amount
        is not less than $350,000,000 as of the last day of November 2001;

                 (c) consent, until (and including) February 8, 2002, to the
        Borrowing Base Amount calculated as of the last day of December 2001 to
        be less than the aggregate unpaid principal amount of all Loans and
        Letter of Credit Outstandings outstanding during the period in which
        such Borrowing Base Amount is in effect under the terms of the Credit
        Agreement, without requiring any mandatory prepayments and/or cash
        collateralization under clause (b) of Section 3.1.1 of the Credit
        Agreement; provided that such Borrowing Base Amount is not less than
        $267,000,000 as of the last day of December 2001;

                                      -7-
<PAGE>

                  (d)(i) waive the requirements of Section 2.2.2 of the Credit
         Agreement ("Reduction of the Commitment Amount - Mandatory") with
         respect to the proceeds of the sale of the Specified Real Estate Assets
         located in San Francisco, California and Seattle, Washington; and

                  (ii) consent and agree that no portion of the fair market
         value of such assets shall be counted for purposes of computing the
         aggregate amount set forth in clause (c)(ii) of Section 8.2.10 of the
         Credit Agreement or in the proviso to such clause;

         provided that (A) the proceeds of such sale are immediately deposited
         in a cash collateral account maintained with the Administrative Agent
         (the "Proceeds Cash Collateral Account") as security for the Secured
         Obligations (as defined in the Borrower Security Agreement), and the
         Borrower and its Subsidiaries shall have no right to withdraw any funds
         from such account except to the extent that it has provided to the
         Administrative Agent a certificate, executed by the chief financial or
         chief accounting officer of the Borrower, certifying that (1) no
         Default then exists and (2) (x) the amount being requested to be
         withdrawn is to be transferred to the relevant collection account for
         the payment of lease payments or other obligations of the lessees under
         a Lease or the payment of demands made under a promissory note of the
         type described in clause (h) of Section 8.2.2 of the Credit Agreement
         (each such promissory note, a "Demand Capitalization Note", and,
         collectively, "Demand Capitalization Notes"), (y) all demands (if any)
         theretofore made under the Demand Capitalization Notes have been
         satisfied by the Borrower and all lease payments and other obligations
         of lessees under all Leases that are payable in December 2001 (whether
         or not then due) have been paid to the relevant collection accounts and
         the amount being requested to be withdrawn is being withdrawn on or
         prior to January 4, 2002, will be used for general corporate purposes
         not inconsistent with the terms of the Loan Documents and does not
         exceed, when taken together with all other withdrawals made pursuant to
         the certification described in this clause (y), $4,000,000, or (z) all
         demands (if any) theretofore made under the Demand Capitalization Notes
         have been satisfied by the Borrower and all lease payments and other
         obligations of lessees under all Leases that are payable in December
         2001 or January 2002 (whether or not then due) have been paid to the
         relevant collection accounts and the amount being requested to be
         withdrawn will be used for general corporate purposes not inconsistent
         with the terms of the Loan Documents and (B) the Administrative Agent,
         for the benefit of the Secured Parties, shall have, upon consummation
         of any such sale, a perfected, first-priority security interest in all
         non-cash consideration received by the Borrower and its Subsidiaries in
         respect of any such sale; and

                  (e)(i) waive the requirements of Section 2.2.2 of the Credit
         Agreement ("Reduction of the Commitment Amount - Mandatory") with
         respect to the proceeds received from the sale, discount or
         restructuring of (A) that certain Promissory Note dated as of October
         20, 2000, executed by Cruise America, Inc. in favor of Budget Rent A
         Car

                                      -8-
<PAGE>

         Corporation in the original principal amount of $22,739,232.92; (B)
         that certain Subordinate Promissory Note dated as of September 29,
         2000, executed by VPSI, Inc. in favor of Budget Rent a Car Corporation
         in the original principal amount of $10,050,000.00; (C) that certain
         Promissory Note dated as of October 20, 2000, executed by RVR, Inc. in
         favor of Budget Rent A Car Corporation in the original principal amount
         of $27,531,000.00; and (D) the Borrower's 19% interest in the Capital
         Stock of Cruise America, Inc.;

                  (ii) waive any provision in the Loan Documents that restricts
         the amendment or other modificaation of such promissory notes to the
         extent necessary to permit any such sale, discount or restructuring;
         and

                  (iii) consent and agree that no portion of the fair market
         value of such promissory notes or Capital Stock shall be counted for
         purposes of computing the aggregate amount set forth in clause (c)(ii)
         of Section 8.2.10 of the Credit Agreement or in the proviso to such
         clause;

         provided that (A) the proceeds of such sale, discount or restructuring
         are immediately deposited in the Proceeds Cash Collateral Account
         subject to the withdrawal restrictions described in clause (d) of this
         Section 2.2 and (B) the Administrative Agent, for the benefit of the
         Secured Parties, shall have, upon consummation of any such sale, a
         perfected, first-priority security interest in all non-cash
         consideration received by the Borrower and its Subsidiaries in respect
         of any such sale; and

                  (f)(i) waive the requirements of Section 2.2.2 of the Credit
         Agreement ("Reduction of the Commitment Amount - Mandatory") with
         respect to the proceeds of the sale of up to 4,804,560 shares of common
         stock of Homestore.com Inc.; and

                  (ii) consent and agree that no portion of the fair market
         value of such shares shall be counted for purposes of computing the
         aggregate amount set forth in clause (c)(ii) of Section 8.2.10 of the
         Credit Agreement or in the proviso to such clause;

         provided that (A) the proceeds of such sale are immediately deposited
         in the Proceeds Cash Collateral Account subject to the withdrawal
         restrictions described in clause (d) of this Section 2.2 and (B) the
         Administrative Agent, for the benefit of the Secured Parties, shall
         have, upon consummation of any such sale, a perfected, first-priority
         security interest in all non-cash consideration received by the
         Borrower and its Subsidiaries in respect of any such sale.

         SECTION II.2. Reduction of Commitment Amount. The Borrower hereby
reduces the Commitment Amount from $500,000,000 to $430,000,000 effective as of
the Ninth Amendment Effective Date (with the reference in the definition of
"Commitment Amount" to "$500,000,000"

                                      -9-
<PAGE>

being amended to be a reference to "$430,000,000"), and the Borrower, the
Administrative Agent and the Lenders waive any requirement of three Business
Days' prior notice thereof. Such reduction shall be allocated pro rata among the
Lenders as of the Ninth Amendment Effective Date.

                                   ARTICLE III

                           CONDITIONS TO EFFECTIVENESS

         This Amendment, and the amendments and modifications contained herein,
shall be and shall become effective as of the date hereof subject to the
satisfaction of each of the conditions set forth in this Article III to the
satisfaction of the Administrative Agent.

         SECTION III.1. Execution of Counterparts. The Administrative Agent
shall have received counterparts of this Amendment, duly executed and delivered
on behalf of the Borrower and each of the requisite Lenders.

         SECTION III.2. Effective Date Certificate. The Administrative Agent
shall have received, with counterparts for each Lender, a certificate, dated the
effective date of this Amendment (the "Ninth Amendment Effective Date"),
appropriately completed and duly executed and delivered by an Authorized Officer
of the Borrower in which certificate the Borrower shall agree and acknowledge
that the statements made therein shall be deemed to be true and correct
representations and warranties of the Borrower made as of such date and, at the
time such certificate is delivered, such statements shall in fact be true and
correct.

         SECTION III.3. Execution of Affirmation and Acknowledgment. The
Administrative Agent shall have received an affirmation and acknowledgment,
dated the effective date of this Amendment and in form and substance
satisfactory to it, duly executed and delivered by each Guarantor and any other
Obligor that has granted a Lien pursuant to any Loan Document.

         SECTION III.4. December Payments. All lease payments and other
obligations of the lessees under all Leases that are payable in December 2001
(whether or not due prior to the Ninth Amendment Effective Date) shall have been
paid to the relevant collection accounts and all demands (if any) made under the
Demand Capitalization Notes prior to the Ninth Amendments Effective Date shall
have been satisfied by the Borrower.

         SECTION III.5. Amendment to Subsidiary Pledge Agreements. The
Administrative Agent shall have received executed counterparts of the First
Amendment to the Amended and Restated Subsidiary Pledge Agreement substantially
in the form attached hereto as Exhibit A, dated as of the Ninth Amendment
Effective Date and duly executed and delivered by each of the parties thereto,
together with (to the extent not previously delivered to the Administrative
Agent) (i) the certificates evidencing all of the issued and outstanding shares
of Capital Stock pledged pursuant to such amendment, which certificates shall in
each case be accompanied by undated

                                      -10-
<PAGE>

stock powers duly executed in blank, or, if any such shares of Capital Stock so
pledged are uncertificated securities, the Administrative Agent shall have
obtained "control" (as defined in the Uniform Commercial Code in effect in the
State of New York) over such shares of Capital Stock) and such other instruments
and documents as the Administrative Agent shall deem necessary or in the
reasonable opinion of the Administrative Agent desirable under applicable law to
perfect the first priority security interest of the Administrative Agent in such
shares of Capital Stock and (ii) executed copies of Uniform Commercial Code
financing statements naming the pledgor thereof as the debtor and the
Administrative Agent as the secured party, suitable for filing under the Uniform
Commercial Code of all jurisdictions as may be necessary or, in the reasonable
opinion of the Administrative Agent, desirable to perfect the first priority
security interest of the Administrative Agent in such Capital Stock.

         SECTION III.6. Supplement and Amendment to Subsidiary Security
Agreement. The Administrative Agent shall have received executed counterparts of
a supplement and an amendment to the Subsidiary Security Agreement substantially
in the forms of Exhibit B-1 and Exhibit B-2 hereto, in each case, dated as of
the Ninth Amendment Effective Date and duly executed and delivered by Budget
Rent-A-Car International, Inc. and the Obligors parties thereto, respectively,
together with all Uniform Commercial Code financing statement amendments
suitable for filing under the Uniform Commercial Code of all jurisdictions as
may be necessary or, in the opinion of the Administrative Agent, desirable to
perfect the security interest of the Administrative Agent pursuant to the
Subsidiary Security Agreement.

         SECTION III.7. Annual Budget. The Administrative Agent shall have
received a preliminary annual budget for the 2002 Fiscal Year for the Borrower
and its Subsidiaries, which budget shall be in form and scope reasonably
satisfactory to the Administrative Agent.

         SECTION III.8. Fees and Expenses. The Administrative Agent (and all
other Persons entitled thereto) shall have received all fees and expenses due
and payable pursuant to Section 5.5 (to the extent then invoiced) and pursuant
to the Credit Agreement (including all previously invoiced fees and expenses).

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

         SECTION IV.1. Representations and Warranties. In order to induce the
requisite Lenders and the Administrative Agent to enter into this Amendment, the
Borrower hereby represents and warrants to the Administrative Agent, the Issuer
and each Lender, as of the date hereof, as follows:

                                      -11-
<PAGE>

                  (a) the representations and warranties set forth in Article
         VII of the Credit Agreement (excluding, however, those contained in
         Section 7.6 and Section 7.7 of the Credit Agreement) and in each other
         Loan Document are, in each case, true and correct (unless stated to
         relate solely to an earlier date, in which case such representations
         and warranties are true and correct as of such earlier date);

                  (b) except as disclosed by the Borrower pursuant to reports on
         Form 10-Q and Form 10-K filed with the Securities and Exchange
         Commission prior to the date hereof, there has been no material adverse
         change in the business, property, operations, assets, liabilities,
         condition (financial or otherwise) or prospects of the Borrower and its
         Subsidiaries, taken as a whole, since December 31, 1997;

                  (c) except as disclosed by the Borrower to the Agents, the
         Issuer and the Lenders pursuant to Section 7.7 of the Credit Agreement

                           (i) no labor controversy, litigation, arbitration or
                  governmental investigation or proceeding is pending or, to the
                  best knowledge of the Borrower, threatened against the
                  Borrower or any of its Subsidiaries which might materially
                  adversely affect the Borrower's consolidated business,
                  operations, assets, revenues, properties or prospects or which
                  purports to affect the legality, validity or enforceability of
                  this Agreement, the Notes or any other Loan Document; and

                           (ii) no development has occurred in any labor
                  controversy, litigation, arbitration or governmental
                  investigation or proceeding disclosed pursuant to Section 7.7
                  of the Credit Agreement which might materially adversely
                  affect the consolidated businesses, operations, assets,
                  revenues, properties or prospects of the Borrower and its
                  Subsidiaries;

                  (d) after giving effect to this Amendment, no Default has
         occurred and is continuing, and neither the Borrower nor any of its
         Subsidiaries nor any other Obligor is in material violation of any law
         or governmental regulation or court order or decree;

                  (e) this Amendment has been duly authorized, executed and
         delivered by the Borrower and constitutes a legal, valid and binding
         obligation of the Borrower, enforceable against it in accordance with
         its terms, except to the extent the enforceability hereof may be
         limited by (i) the effect of bankruptcy, insolvency, reorganization,
         moratorium or other similar laws now or hereafter in effect relating to
         or affecting the rights and remedies of creditors generally and (ii)
         the effect of general principles of equity, whether enforcement is
         considered in a proceeding in equity or at law; and

                  (f) the execution, delivery and performance by the Borrower
         and its Subsidiaries of this Amendment and each other Loan Document
         executed or to be executed by any of

                                      -12-
<PAGE>

         them in connection therewith are within the Borrower's and each such
         Subsidiary's corporate powers, have been duly authorized by all
         necessary corporate action, and do not (i) contravene the Borrower's or
         such Subsidiary's Organic Documents, (ii) contravene any contractual
         restriction, law or governmental regulation or court decree or order
         binding on or affecting the Borrower or such Subsidiary or (iii) result
         in, or require the creation or imposition of, any Lien (other than the
         Liens created under the Loan Documents in favor of the Administrative
         Agent for the benefit of the Secured Parties) on any of the Borrower's
         or such Subsidiary's properties.

         SECTION IV.2. Full Disclosure. Except as corrected by written
information delivered to the Agents and the Lenders reasonably prior to the date
on which this representation is made, all factual information heretofore or
contemporaneously furnished by the Borrower in writing to any Agent, the Issuer
or any Lender for purposes of or in connection with this Amendment or any
transaction contemplated hereby is true and accurate in every material respect
and such information is not incomplete by omitting to state any material fact
necessary to make such information not misleading. All projections delivered to
any Agent or any Lender by or on behalf of the Borrower have been prepared in
good faith by the Borrower and represent the best estimates of the Borrower, as
of the date hereof, of the reasonably expected future performance of the
businesses reflected in such projections.

         SECTION IV.3. Compliance with Credit Agreement. After giving effect to
this Amendment, each Obligor is in compliance with all the terms and conditions
of the Credit Agreement and the other Loan Documents to be observed or performed
by it thereunder, and no Default has occurred and is continuing.

                                    ARTICLE V

                                  MISCELLANEOUS

         SECTION V.1. Full Force and Effect; Limited Amendment. Except as
expressly provided herein, all of the representations, warranties, terms,
covenants, conditions and other provisions of the Credit Agreement and the other
Loan Documents shall remain in full force and effect in accordance with their
respective terms and are in all respects hereby ratified and confirmed. The
amendments, waivers and consents set forth herein shall be limited precisely as
provided for herein to the provisions expressly amended herein, waived hereby or
consented to hereby and shall not be deemed to be an amendment to, waiver of,
consent to or modification of any other term or provision of the Credit
Agreement, any other Loan Document referred to therein or herein or of any
transaction or further or future action on the part of the Borrower or any other
Obligor which would require the consent of any of the Lenders under the Credit
Agreement or any of the other Loan Documents.

                                      -13-
<PAGE>

         SECTION V.2. Loan Document Pursuant to Credit Agreement. This Amendment
is a Loan Document executed pursuant to the Credit Agreement and shall be
construed, administered and applied in accordance with all of the terms and
provisions of the Credit Agreement (and, following the date hereof, the Amended
Credit Agreement). Any breach of any representation or warranty or covenant or
agreement contained in this Amendment shall be deemed to be an immediate Event
of Default for all purposes of the Credit Agreement and the other Loan
Documents.

         SECTION V.3. Further Assurances. The Borrower hereby agrees that it
will take any action that from time to time may be reasonably necessary to
effectuate the amendments contemplated herein.

         SECTION V.4. Fees and Expenses. The Borrower shall pay all reasonable
out-of-pocket expenses incurred by the Administrative Agent in connection with
the preparation, negotiation, execution and delivery of this Amendment and the
documents and transactions contemplated hereby, including the reasonable fees
and disbursements of Mayer, Brown and Platt, counsel for the Administrative
Agent, and Wachtell, Lipton, Rosen & Katz, special restructuring counsel for the
Administrative Agent.

         SECTION V.5. Headings. The various headings of this Amendment are
inserted for convenience only and shall not affect the meaning or interpretation
of this Amendment or any provisions hereof.

         SECTION V.6. Execution in Counterparts. This Amendment may be executed
by the parties hereto in counterparts, each of which shall be deemed to be an
original and all of which shall constitute together but one and the same
agreement.

         SECTION V.7. Cross-References. References in this Amendment to any
Article or Section are, unless otherwise specified or otherwise required by the
context, to such Article or Section of this Amendment.

         SECTION V.8. Severability. Any provision of this Amendment which is
prohibited or unenforceable in any jurisdiction shall, as to such provision and
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment
or affecting the validity or enforceability of such provision in any other
jurisdiction.

         SECTION V.9. Successors and Assigns. This Amendment shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns.

         SECTION V.10. Acknowledgments of the Borrower. The Borrower hereby
acknowledges that (a) each of the provisions of this Amendment has been entered
into by the Borrower and the Lenders in consideration of, among other things,
all of the other provisions of

                                      -14-
<PAGE>

this Amendment, and (b) the value of such consideration to, and the timing of
the receipt of such value by, the Borrower and its Subsidiaries has been and
should be determined by reference to the provisions of this Amendment (and the
transactions contemplated hereby) taken as a whole.

<PAGE>

         SECTION V.11. GOVERNING LAW. THIS AMENDMENT SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -15-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers or general partners (or their respective
officers) thereunto duly authorized as of the day and year first above written.

                                   BUDGET GROUP, INC.

                                   By
                                      -----------------------------------------
                                        Name:
                                        Title:

                                   CREDIT SUISSE FIRST BOSTON, as a Lender
                                        and the Administrative Agent

                                   By
                                      -----------------------------------------
                                        Name:
                                        Title:

                                   By
                                      -----------------------------------------
                                        Name:
                                        Title:

                                   BANK OF AMERICA, N.A.

                                   By
                                      -----------------------------------------
                                        Name:
                                        Title:

                                   BANK OF MONTREAL

                                   By
                                      -----------------------------------------
                                        Name:
                                        Title:

                                      S-1

<PAGE>

                                   THE BANK OF NEW YORK

                                   By
                                      -----------------------------------------
                                        Name:
                                        Title:

                                   THE BANK OF NOVA SCOTIA

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                         NEW YORK BRANCH

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    BANK POLSKA KASA OPIEKI S.A. - PEKAO
                                        S.A. GROUP, NEW YORK BRANCH

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    WASHINGTON MUTUAL BANK, F.A. (as
                                         successor in interest to BANK UNITED)

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                      S-2

<PAGE>

                                    BANKERS TRUST COMPANY

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    BNP PARIBAS

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    BANQUE WORMS CAPITAL CORPORATION

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    BHF (USA) CAPITAL CORPORATION

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                      S-3

<PAGE>

                                    CERBERUS PARTNERS L.P.

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                    CREDIT INDUSTRIEL ET COMMERCIAL

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    COMMERZBANK AKTIENGESELLSCHAFT,
                                        CHICAGO BRANCH

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                      S-4

<PAGE>

                                    CREDIT AGRICOLE INDOSUEZ

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    CREDIT LYONNAIS CHICAGO BRANCH

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    DRESDNER BANK AG, NEW YORK AND
                                        GRAND CAYMAN BRANCHES

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                      S-5

<PAGE>

                                    ERSTE BANK DER OESTERREICHISCHEN
                                        SPARKASSEN AG

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    FLEET BANK, N.A.

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    THE FUJI BANK, LIMITED

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                    IMPERIAL BANK

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                      S-6

<PAGE>

                                    GENERAL ELECTRIC CAPITAL CORPORATION

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    GOLDMAN SACHS CREDIT PARTNERS L.P.

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    MERRILL LYNCH, PIERCE, FENNER & SMITH
                                    INCORPORATED

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    NATEXIS BANQUE

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

<PAGE>

                                    SATELLITE DISTRESSED CREDITS FUND, LLC

                                    By:   Satellite Asset Management, L.P., its
                                               Investment Manager

                                    By
                                       ----------------------------------------
                                       Name:
                                       Title:

                                    SOUTHERN PACIFIC BANK

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                     SUMITOMO MITSUI BANKING CORPORATION

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                    SUNTRUST BANK

                                    By
                                       -----------------------------------------
                                         Name:
                                         Title:

                                    DK ACQUISITION PARTNERS LP

                                    By
                                       ----------------------------------------
                                         Name:
                                         Title:

                                      S-8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}]]