Document:

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                             NOTE PURCHASE AGREEMENT
         (VARIABLE FUNDING RENTAL CAR ASSET BACKED NOTES, SERIES 2000-1)

                                      among

                            RENTAL CAR FINANCE CORP.,
                                   as Seller,

                     DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.,
                               as Master Servicer,

             THE CONDUIT PURCHASERS FROM TIME TO TIME PARTY HERETO,

            THE COMMITTED PURCHASERS FROM TIME TO TIME PARTY HERETO,

               THE MANAGING AGENTS FROM TIME TO TIME PARTY HERETO,

                                       and

                                  BANK ONE, NA,
                             as Administrative Agent

                          dated as of December 15, 2000

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                                 TABLE OF CONTENTS

                                                                            Page

ARTICLE I. DEFINITIONS.........................................................2

         Section 1.01 Certain Defined Terms....................................2
         Section 1.02 Other Definitional Provisions............................7

ARTICLE II. PURCHASES; PAYMENTS................................................7

         Section 2.01 Advances.................................................7
         Section 2.02 Advance Procedures.......................................8
         Section 2.03 Extension of Expiration Date.............................9
         Section 2.04 Reduction or Increase of Series 2000-1 Maximum Invested
                      Amount or Group Funding Limits; Decreases...............10
         Section 2.05 Calculation of Series 2000-1 Interest Amount, Fees......11
         Section 2.06 Notification as to Purchasers, Certificate Rates,
                      Liquidity Puts and CP Disruption Events.................12

ARTICLE III. CLOSING..........................................................12

         Section 3.01 Closing.................................................13
         Section 3.02 Transactions Effected at the Closing....................13

ARTICLE IV. CONDITIONS PRECEDENT..............................................13

         Section 4.01 Conditions Precedent to the Initial Advance.............13
         Section 4.02 Conditions Precedent to All Advances....................14

ARTICLE V. REPRESENTATIONS AND WARRANTIES OF RCFC.............................15

         Section 5.01 Base Indenture..........................................15
         Section 5.02 Authority, etc..........................................15
         Section 5.03 Series 2000-1 Notes.....................................16
         Section 5.04 Litigation..............................................16
         Section 5.05 The Collateral..........................................16
         Section 5.06 Taxes, etc..............................................16
         Section 5.07 Authorization...........................................17
         Section 5.08 Financial Condition of RCFC.............................17
         Section 5.09 Use of Proceeds.........................................17
         Section 5.10 Securities Act..........................................17
         Section 5.11 Investment Company Act..................................17
         Section 5.12 Full Disclosure.........................................17
         Section 5.13 Amortization Events.....................................17
         Section 5.14 Related Documents.......................................17

ARTICLE VI. REPRESENTATIONS AND WARRANTIES OF DTAG............................17

         Section 6.01 Master Lease............................................18
         Section 6.02 Authority, etc..........................................18

                                       i
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         Section 6.03 Litigation..............................................18
         Section 6.04 Taxes, etc..............................................19
         Section 6.05 Financial Condition of DTAG.............................19
         Section 6.06 Full Disclosure.........................................19

ARTICLE VII. REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE ADMINISTRATIVE
                    AGENT, THE MANAGING AGENTS AND THE PURCHASERS.............19

         Section 7.01 Organization............................................19
         Section 7.02 Authority, etc..........................................20
         Section 7.03 Securities Act..........................................20
         Section 7.04 Investment Company Act..................................21

ARTICLE VIII. COVENANTS OF RCFC AND DTAG......................................21

         Section 8.01 Access to Information...................................21
         Section 8.02 Security Interests; Further Assurances..................21
         Section 8.03 Covenants...............................................21
         Section 8.04 Amendments..............................................21
         Section 8.05 Information from DTAG...................................22
         Section 8.06 Principal Office........................................22
         Section 8.07 Additional Series of Notes..............................22

ARTICLE IX. ADDITIONAL COVENANTS..............................................22

         Section 9.01 Legal Conditions to Closing.............................23
         Section 9.02 Expenses................................................23
         Section 9.03 Mutual Obligations......................................23
         Section 9.04 Consents, etc...........................................23

ARTICLE X. INDEMNIFICATION....................................................23

         Section 10.01Indemnification.........................................23
         Section 10.02Procedure...............................................24
         Section 10.03Defense of Claims.......................................24
         Section 10.04Indemnity for Taxes, Reserves and Expense...............25
         Section 10.05Costs, Expenses, Taxes, Breakage Payments and Increased
                      Costs under Agreement and Program Facility..............26
         Section 10.06Carrying Charges........................................27

ARTICLE XI. THE ADMINISTRATIVE AGENT; THE MANAGING AGENTS.....................27

         Section 11.01Authorization and Action................................27
         Section 11.02Agent's Reliance, etc...................................28
         Section 11.03Administrative Agent, Managing Agents and Affiliates....29
         Section 11.04Indemnification.........................................29
         Section 11.05Advance Decision........................................30
         Section 11.06Successor Agents........................................30

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ARTICLE XII. MISCELLANEOUS....................................................30

         Section 12.01Amendments..............................................30
         Section 12.02Notices.................................................31
         Section 12.03No Waiver; Remedies.....................................31
         Section 12.04Binding Effect; Assignability...........................31
         Section 12.05Provision of Documents and Information..................32
         Section 12.06GOVERNING LAW...........................................32
         Section 12.07No Proceedings..........................................32
         Section 12.08Execution in Counterparts...............................33
         Section 12.09No Recourse.............................................33
         Section 12.10Limited Recourse........................................33
         Section 12.11Survival................................................34
         Section 12.12Tax Characterization....................................34
         Section 12.13Severability; Series 2000-1 Note Rate Limitation........34
         Section 12.14Headings................................................34
         Section 12.15Submission to Jurisdiction..............................34
         Section 12.16Characterization as Related Document; Entire Agreement..35
         Section 12.17Confidentiality.........................................35
         Section 12.18Additional Ownership Groups.............................36

EXHIBIT A             Form of Borrowing Request
EXHIBIT B             Form of Reduction Request
EXHIBIT C             Addendum To Agreement

SCHEDULE I            Addresses for Notice
SCHEDULE II           Group Funding Limits
SCHEDULE III          Purchaser Percentages

                                      iii
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                             NOTE PURCHASE AGREEMENT

                  THIS NOTE  PURCHASE  AGREEMENT,  dated as of December 15, 2000
(as amended,  supplemented,  restated or otherwise modified from time to time in
accordance with the terms hereof,  this  "Agreement"),  is made among RENTAL CAR
FINANCE CORP.,  an Oklahoma  corporation  ("RCFC"),  DOLLAR  THRIFTY  AUTOMOTIVE
GROUP, INC., a Delaware corporation ("DTAG" or the "Master Servicer"),  entities
from time to time party hereto as Conduit Purchasers,  the entities from time to
time parties  hereto as  Committed  Purchasers,  the entities  from time to time
parties hereto as Managing Agents, and the Administrative Agent named herein.

                                   BACKGROUND

                  1.  Contemporaneously  with the execution and delivery of this
Agreement,  RCFC is entering into (a) the Series 2000-1 Supplement,  dated as of
even  date  herewith  (as the same may be  amended,  supplemented,  restated  or
otherwise  modified from time to time in accordance with the terms thereof,  the
"Series 2000-1 Supplement"), between RCFC, as Issuer, and Bankers Trust Company,
a New York banking corporation,  as the Trustee (in such capacity, together with
its successors in trust in such capacity, the "Trustee"), to the Base Indenture,
dated as of December 13, 1995 (as amended by the  Amendment  to Base  Indenture,
dated  as of  December  23,  1997,  and as the  same  may  be  further  amended,
supplemented  or otherwise  modified  from time to time in  accordance  with the
terms  thereof,  the "Base  Indenture"  and,  together  with the  Series  2000-1
Supplement, the "Series 2000-1 Indenture"), between RCFC and the Trustee, (b) an
amendment, dated as of even date herewith, to the Master Motor Vehicle Lease and
Servicing  Agreement,  dated as of March 4, 1998,  as such  Master  Lease may be
further  amended,  supplemented  or  otherwise  modified  from  time  to time in
accordance  with the terms  thereof (the "Master  Lease") among RCFC, as lessor,
the parties  identified  therein as the Lessees and Servicers,  those additional
Subsidiaries  of  DTAG,  from  time  to  time  becoming  Lessees  and  Servicers
thereunder,  and DTAG,  as  Guarantor  and  Master  Servicer,  and (c) the other
Related  Documents (such term, as with the other  capitalized terms used herein,
shall have the meaning assigned thereto in Section 1.01 hereof) to which RCFC is
a party.  Pursuant to the Series 2000-1  Supplement,  RCFC will issue the Rental
Car Asset Backed  Variable  Funding  Notes,  Series  2000-1 (the "Series  2000-1
Notes").

                  2.  RCFC  wishes to issue the Series 2000-1  Notes in favor of
each Managing Agent, for the benefit of the Purchasers in the related  Ownership
Group,  and obtain the  agreement of the  Purchasers  to make loans from time to
time for the purchase of Series 2000-1 Invested  Amounts,  all of which Advances
(including  the Initial  Advance) will  constitute  Increases,  and all of which
Advances  (including the Initial Advance) will be evidenced by the Series 2000-1
Notes purchased in connection  herewith and will constitute  purchases of Series
2000-1 Invested Amounts corresponding to the amount of such Advances. Subject to
the terms and  conditions of this  Agreement,  each Purchaser is willing to make
Advances from time to time to fund purchases of Series 2000-1  Invested  Amounts
in an aggregate  outstanding amount up to the amount set forth below its name on
the  signature  pages to this  Agreement  until the  commencement  of the Series
2000-1 Rapid Amortization  Period.  DTAG has joined in this Agreement to confirm
certain representations,  warranties and covenants made by it as Master Servicer
for the benefit of the Purchasers and the Administrative Agent.

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                  NOW  THEREFORE,  in  consideration  of the premises and of the
agreements herein contained,  and for due and adequate consideration,  which the
parties hereto hereby acknowledge, the parties hereto hereby agree as follows:

                                   ARTICLE I.
                                   DEFINITIONS

                  Section 1.01     Certain  Defined  Terms.   As  used  in  this
Agreement and unless the context requires a different meaning, capitalized terms
used but not defined  herein  (including  the preamble and the recitals  hereto)
shall  have  the  meanings  assigned  to such  terms  in (i) the  Series  2000-1
Supplement, as such may be amended, supplemented, restated or otherwise modified
from time to time in accordance with the terms thereof, and (ii) the Definitions
List  attached as Schedule 1 to the Base  Indenture  as in effect as of the date
hereof, as such Definitions List may be further amended, supplemented,  restated
or otherwise modified from time to time in accordance with the terms of the Base
Indenture,  provided that to the extent,  if any, that any capitalized term used
but not defined  herein has a meaning  assigned to such term in more than one of
the lists or agreements  referred to in clauses (i) and (ii),  then if a meaning
is assigned to such term in the Series  2000-1  Supplement,  such meaning  shall
apply herein. In addition, the following terms shall have the following meanings
and the  definitions of such terms are applicable to the singular as well as the
plural  form of such  terms and to the  masculine  as well as the  feminine  and
neuter genders of such terms:

                  "Addendum"   means  an   addendum   to  this   Agreement,   in
substantially  the form of  Exhibit C hereto,  pursuant  to which an  Additional
Ownership Group becomes a party to this Agreement.

                  "Additional  Amounts" means all amounts owed by RCFC,  without
duplication,  (i) pursuant to Article X hereof,  (ii) pursuant to the Fee Letter
(other than the  "Structuring  Fee" and the "Facility Fee" referred to therein),
(iii) pursuant to the  Administrative  Agent's Fee Letter,  and (iv) as Breakage
Amounts.

                  "Additional  Ownership Group" has the meaning specified in the
definition of Ownership Group.

                  "Administrative  Agent"  means Bank One,  in its  capacity  as
Administrative  Agent for the  Purchasers  and any successor  thereto  appointed
pursuant to Section 11.06 hereof.

                  "Administrative  Agent's Fee Letter" means that certain letter
dated December 15, 2000 between RCFC and the Administrative  Agent setting forth
an annual administration fee payable by RCFC in connection with this Agreement.

                  "Advance" has the meaning specified in Section 2.01.

                  "Advance Date" means the date on which an Advance occurs.

                                       2
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                  "Applicable  Indemnifying  Party" has the meaning specified in
Section 10.02 hereof.

                  "Applicable   Pro   Rata   Share"   means,   at  any  time  of
determination with respect to any Ownership Group, a fraction,  the numerator of
which is the unused Group Funding Limit of such Ownership Group at such time and
the  denominator  of which is the sum of the unused Group Funding Limits for all
Ownership Groups at such time.

                  "Assignment and Acceptance" means an assignment and acceptance
agreement entered into by a Purchaser and a permitted assignee pursuant to which
such assignee may become a party to this Agreement.

                  "Bank One" means Bank One, NA, a national banking association,
and its successors.

                  "Bank One  Ownership  Group" has the meaning  specified in the
definition of Ownership Group.

                  "Benefit  Plan"  means  an  employee  benefit  plan,  trust or
account, including an individual retirement account, that is subject to ERISA or
which  is  described  in  Section  4975(e)(1)  of the  Code or an  entity  whose
underlying  assets included plan assets by reason of a plan's investment in such
entity.

                  "BNS" has the meaning specified in the definition of Ownership
Group.

                  "BNS  Ownership  Group"  has  the  meaning  specified  in  the
definition of Ownership Group.

                  "Borrowing  Request" means a written request  substantially in
the form of Exhibit A hereto.

                  "Breakage Amounts" means, for the portion of the Series 2000-1
Invested Amount funded at (or, in the case of a requested  Advance not made by a
Purchaser for any reason other than its default,  scheduled to be funded at) the
CP Rate or the  Eurodollar  Rate,  the cost to each  Purchaser of a reduction or
termination of such portion of the Series 2000-1 Invested Amount before the last
day of the  related  Series  2000-1  Tranche  Period  (the amount of such Series
2000-1  Invested  Amount so  reduced  or  terminated  being  referred  to as the
"Prepaid  Amount"),  which cost  equals  the  amount,  if any,  by which (a) the
additional  Series 2000-1  Interest  Amount which would have accrued during such
Series  2000-1  Tranche  Period on such Prepaid  Amount had such Prepaid  Amount
remained or become such portion of the Series 2000-1 Invested Amount exceeds (b)
the income,  if any,  received by such  Purchaser from  reinvesting  the Prepaid
Amount in Permitted Investments during such Series 2000-1 Tranche Period.

                  "Closing" has the meaning specified in Section 3.01 hereof.

                  "Commercial   Paper"  means,   with  respect  to  any  Conduit
Purchaser,  promissory  notes of such Conduit  Purchaser  issued by such Conduit
Purchaser in the commercial paper market.

                                       3
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                  "Commission" has the meaning specified in Section 7.03 hereof.

                  "Committed  Purchaser" means each entity identified as such on
the signature  pages to this  Agreement and each of its assigns (with respect to
its  commitment to make  Advances)  that shall become a party to this  Agreement
pursuant to Section  12.04  hereof,  and such other  purchasers  as shall become
parties to this  Agreement as Committed  Purchasers  by execution of an Addendum
pursuant to Section 12.18 hereof.

                  "Conduit  Purchaser"  means each entity  identified as such on
the signature  pages to this  Agreement  and each of its permitted  assigns that
shall become a party to this  Agreement  pursuant to Section 12.04  hereof,  and
such  other  purchasers  as shall  become  parties  this  Agreement  as  Conduit
Purchasers by execution of an Addendum pursuant to Section 12.18 hereof.

                  "CP  Disruption  Event"  means,  with  respect  to  a  Conduit
Purchaser,  that (a) such Conduit Purchaser is unable to raise funds through the
issuance  of  Commercial  Paper  or (b) the  Managing  Agent  for  such  Conduit
Purchaser's  Ownership  Group  reasonably  believes  that it is  inadvisable  or
impermissible  for such Conduit Purchaser to raise funds through the issuance of
Commercial  Paper.  A CP  Disruption  Event with respect to a Conduit  Purchaser
shall  cease to exist,  in the case of clause (a) of the  immediately  preceding
sentence,  when such Conduit  Purchaser  becomes able to raise funds through the
issuance of Commercial  Paper,  and in the case of clause (b) of the immediately
preceding sentence, when such Managing Agent reasonably believes it is advisable
or  permissible,  as the case may be, for such Conduit  Purchaser to raise funds
through the issuance of Commercial Paper.

                  "Expiration Date" means December 14, 2001, as such date may be
extended by agreement in writing of the parties hereto.

                  "Facility Fee" has the meaning specified in the Fee Letter.

                  "Federal  Bankruptcy  Code" means the  bankruptcy  code of the
United  States of America  codified in Title 11 of the United  States  Code,  as
amended.

                  "Fee Letter" means that certain letter dated December 15, 2000
among RCFC,  the  Administrative  Agent and the Managing  Agents  setting  forth
certain fees payable by RCFC in connection with this Agreement.

                  "Governmental Actions" means any and all consents,  approvals,
permits, orders, authorizations,  waivers, exceptions,  variances, exemptions or
licenses of, or  registrations,  declarations or filings with, any  Governmental
Authority required under any Governmental Rules.

                  "Governmental  Authority"  means the United States of America,
any state or other  political  subdivision  thereof  and any  entity  exercising
executive,  legislative,  judicial, regulatory or administrative functions of or
pertaining to government and having jurisdiction over the applicable Person.

                                       4
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                  "Governmental Rules" means any and all laws, statutes,  codes,
rules, regulations,  ordinances,  orders, writs, decrees and injunctions, of any
Governmental  Authority and any and all legally binding  conditions,  standards,
prohibitions, requirements and judgments of any Governmental Authority.

                  "Group  Funding  Limit" means,  with respect to each Ownership
Group,  the amount  identified  as such in Schedule  II, as reduced or increased
pursuant to Section 2.04, Section 12.01 or Section 12.18 hereof.

                  "Indemnified  Party" means any Purchaser,  any Managing Agent,
the Administrative Agent or any of their officers, directors, employees, agents,
representatives, assignees or Affiliates.

                  "Initial  Series  2000-1  Notes"  means,  collectively,  (i) a
Series 2000-1 Note issued on the Series 2000-1  Closing Date in the name of Bank
One,  as  Managing  Agent for the Bank One  Ownership  Group,  and (ii) a Series
2000-1  Note  issued on the Series  2000-1  Closing  Date in the name of BNS, as
Managing Agent for the BNS Ownership Group.

                  "Liquidity  Put" means,  with respect to a Conduit  Purchaser,
that such Conduit Purchaser, pursuant to its Program Support Agreement, has sold
to one or more Program Support Providers an interest in such Conduit Purchaser's
interest  in the  Series  2000-1  Note  funded  or  maintained  by such  Conduit
Purchaser at the time of such sale.

                  "Managing  Agent" means,  with respect to any Ownership Group,
the entity  identified as such on the signature pages to this Agreement and such
other Persons as shall become  parties to this  Agreement as Managing  Agents by
execution of an Addendum  pursuant to Section  12.18  hereof,  and any successor
thereto appointed in accordance with Section 11.06 hereof.

                  "Ownership  Group"  means  each  of the  following  groups  of
Purchasers:

                           (i)     Bank  One,    Falcon   Asset   Securitization
                  Corporation,  any other Conduit Purchaser administered by Bank
                  One or any of Bank One's  Affiliates  (the "Bank One Ownership
                  Group").

                           (ii)    The  Bank  of  Nova  Scotia  ("BNS"), Liberty
                  Street  Funding  Corp.,   and  any   other  Conduit  Purchaser
                  administered  by  BNS  or  any  of BNS's  Affiliates (the "BNS
                  Ownership Group").

                           (iii)   Each Managing Agent and its  related  Conduit
                  Purchasers and Committed Purchasers as shall become parties to
                  this Agreement by execution of an Addendum pursuant to Section
                  12.18 hereof (each an "Additional Ownership Group").

                  By way of example and for avoidance of doubt, each of the Bank
One Ownership Group, the BNS Ownership Group and any Additional  Ownership Group
is a separate  Ownership  Group.  An  assignee of a  Committed  Purchaser  shall
belong,  to the extent of such  assignment,  to the same Ownership  Group as the
assigning Committed Purchaser. A Committed Purchaser may belong to more than one
Ownership Group at a time.

                                       5
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                  In the event more than one Conduit  Purchaser  in a particular
Ownership Group becomes a party to this  Agreement,  the parties hereto agree to
cooperate in good faith,  at the request of the applicable  Managing  Agent,  to
amend this Agreement to provide for separate  Ownership  Groups for each Conduit
Purchaser in such Ownership Group.

                  "Prepaid  Amount" shall have the meaning set forth therefor in
the definition of Breakage Amount.

                  "Program Support  Agreement" means any agreement  entered into
by any  Program  Support  Provider  providing  for the  issuance  of one or more
letters of credit for the account of any Conduit Purchaser,  the issuance of one
or more surety  bonds for which any Conduit  Purchaser is obligated to reimburse
the applicable Program Support Provider for any drawings thereunder, the sale by
any  Conduit  Purchaser  to any Program  Support  Provider of an interest in any
Series 2000-1 Note and/or the making of loans and/or other  extensions of credit
to  any  Conduit   Purchaser  in  connection   with  such  Conduit   Purchaser's
securitization  program (whether for liquidity or credit  enhancement  support),
together  with any  letter of credit,  surety  bond or other  instrument  issued
thereunder.

                  "Program  Support  Provider" means and includes any Person now
or hereafter extending credit, or having a commitment to extend credit to or for
the account of, or to make purchases  from,  any Conduit  Purchaser or issuing a
letter of credit,  surety bond or other  instrument  to support any  obligations
arising  under or in  connection  with such Conduit  Purchaser's  securitization
program.

                  "Purchaser Parties" means,  collectively,  the Purchasers, the
Managing Agents and the Administrative Agent.

                  "Purchaser  Percentage" of any Committed  Purchaser  means (a)
with respect to a Committed Purchaser that is a party hereto on the date hereof,
the  percentage  set forth on Schedule III to this  Agreement as such  Committed
Purchaser's  Purchaser  Percentage,  or  such  percentage  as  modified  by  any
Assignment  and  Acceptance  entered  into by  such  Committed  Purchaser  or as
modified  pursuant to Section 12.01 or Section 12.18 hereof, or (b) with respect
to a Person that becomes a Committed  Purchaser  pursuant to an  Assignment  and
Acceptance or an Addendum,  the percentage set forth therein as such Purchaser's
Purchaser  Percentage,  or such  percentage  as modified by any  Assignment  and
Acceptance  entered into by such Committed  Purchaser or as modified pursuant to
Section 12.01 or Section 12.18 hereof.

                  "Purchasers"  means the Conduit  Purchasers  and the Committed
Purchasers and, to the extent applicable, the Program Support Providers.

                  "RIC" means a receivables investment company administered by a
Managing Agent or an Affiliate  thereof which obtains  funding from the issuance
of commercial paper or other notes.

                                       6
<PAGE>

                  "Series  Documents"  means  the  Administrative   Agent's  Fee
Letter,  the Fee Letter,  the Series  2000-1  Indenture,  the Master  Collateral
Agency Agreement, this Agreement, the Master Lease and the Related Documents.

                  "Third Party Claim" has the meaning specified in Section 10.02
hereof.

                  Section 1.02     Other Definitional Provisions.

                  (a) All terms defined in this Agreement shall have the defined
meanings  when  used in any  certificate  or other  document  made or  delivered
pursuant hereto unless otherwise defined therein.

                  (b) As used herein and in any  certificate  or other  document
made or delivered  pursuant hereto or thereto,  accounting  terms not defined in
Section 1.01,  and  accounting  terms  partially  defined in Section 1.01 to the
extent not  defined,  shall  have the  respective  meanings  given to them under
generally accepted accounting principles.  To the extent that the definitions of
accounting terms herein are  inconsistent  with the meanings of such terms under
generally accepted accounting principles, the definitions contained herein shall
control.

                  (c) The words  "hereof,"  "herein" and  "hereunder"  and words
of similar import when used in this Agreement shall refer to this Agreement as a
whole  and not to any  particular  provision  of this  Agreement;  and  Section,
subsection,  Schedule and Exhibit  references  contained in this  Agreement  are
references  to Sections,  subsections,  the Schedules and Exhibits in or to this
Agreement unless otherwise specified.

                                  ARTICLE II.
                               PURCHASES; PAYMENTS

                  Section 2.01     Advances.

                  (a) On the terms  and subject to the  conditions  set forth in
this  Agreement  and  the  Series  2000-1  Supplement,  and in  reliance  on the
covenants,  representations,  warranties and agreements herein set forth, during
the Series 2000-1  Revolving  Period (i) RCFC from time to time may request that
the Purchasers advance funds to purchase or refinance the purchase of the Series
2000-1 Invested Amount (each, an "Advance"), provided, that RCFC may not request
more  than  four  Advances  in any  calendar  month;  and (ii)  (A) the  Conduit
Purchasers may elect to fund some or all such Advances of such Ownership  Group,
and (b) the Committed  Purchasers of an Ownership Group shall fund such Advances
to the extent that the Conduit  Purchaser of such  Ownership  Group (or a Person
acting with respect to an Ownership Group on behalf of a Conduit Purchaser) does
not fund such Advances.

                  (b) Unless the parties hereto  otherwise  agree, all  Advances
with respect to an Ownership Group shall be evidenced by a Series 2000-1 Note in
the name of the applicable Managing Agent having a principal balance that varies
from time to time  reflecting the Advances made by and payments to (or on behalf
of) the Purchasers with respect thereto.

                                       7
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                  (c) All  Advances on  any  date shall  be  allocated  (i) with
respect to the initial Advance, to the Series 2000-1 Initial Invested Amount and
to each of the Series 2000-1 Notes in accordance  with the  Applicable  Pro Rata
Share of each Ownership Group; and (ii) thereafter,  according to the provisions
in Section 4A.2 of the Series 2000-1 Supplement for allocating Increases, to the
Series  2000-1  Invested  Amount  and to  each of the  Series  2000-1  Notes  in
accordance with the Applicable Pro Rata Share of each Ownership  Group.  Each of
the  Advances  to be made on any date  shall be made  singly as part of a single
borrowing (each such single borrowing being a "Borrowing"). Subject to the terms
of this  Agreement and the Series  2000-1  Supplement,  the aggregate  principal
amount  of  the  Advances  and  corresponding   Series  2000-1  Invested  Amount
represented  by the Series 2000-1 Notes may be increased or decreased  from time
to time.

                  Section 2.02     Advance Procedures.

                  (a) Notice.  RCFC  may  request  an  Advance by  sending  each
Managing Agent (by  facsimile) a Borrowing  Request at least three Business Days
prior to the proposed Advance Date (or, in the case of the initial Advance under
this Agreement, at least one Business Day before the related Advance Date). Each
Borrowing  Request shall state (i) the  applicable  Advance  Date;  and (ii) the
amount of the requested Advance.  Each Managing Agent shall promptly advise RCFC
as to whether its Ownership Group desires to make any changes in the information
set forth in such Borrowing  Request  pertaining to such Ownership  Group.  Each
Advance shall be requested in a minimum  principal amount of one million dollars
($1,000,000) and integral  multiples of one hundred thousand dollars  ($100,000)
in excess  thereof;  provided,  that an Advance may be  requested  in the entire
remaining Series 2000-1 Maximum Invested Amount.

                  (b) Advances.  On each Advance Date identified in a  Borrowing
Request:  (i) the Conduit  Purchasers  (unless the Conduit Purchasers decline to
participate in the applicable  Borrowing),  shall fund an Increase in the Series
2000-1 Invested Amount of a Series 2000-1 Note in an amount equal to the Advance
specified in such Borrowing  Request;  and (ii) to the extent  necessary to fund
such  Borrowing,  the  Committed  Purchasers  shall fund such  Increase  on such
Advance Date.  Each Managing  Agent agrees to use  reasonable  efforts to notify
RCFC  prior to an  Advance  Date if the  related  Conduit  Purchaser  shall  not
participate in the Borrowing to be funded on such Advance Date;  provided,  that
the  failure  of a Managing  Agent to so notify  RCFC  shall not  obligate  such
related Conduit Purchaser to participate in such Borrowing. Subject to the other
provisions of this  Agreement,  Advances shall be allocated  among the Ownership
Groups based on their  respective  Applicable Pro Rata Shares.  For avoidance of
doubt,  (x) the  decision  of a  particular  Conduit  Purchaser  to  decline  to
participate  in a Borrowing  shall not  require  that other  Conduit  Purchasers
decline to  participate  in a  Borrowing,  and (y) the  decision of a particular
Conduit  Purchaser to  participate  in a Borrowing  shall not require that other
Conduit Purchasers participate in a Borrowing.

                  (c) Payment of Advances. Each Managing Agent severally agrees,
on behalf of its Ownership  Group, in each case pro rata based on the respective
Applicable  Pro  Rata  Share  of its  related  Ownership  Group,  to  remit  the
applicable  Advance to RCFC on the related Advance Date not later than 5:00 p.m.
New  York  City  time on such  Advance  Date by  wire  transfer  of  immediately
available funds in U.S. Dollars to RCFC's account no. 01419647,  ABA# 021001033,
maintained  at Bankers  Trust  Company  (ref:  Rental Car Finance  Corp.  Series
2000-1) (or such other  account as may from time to time be specified by RCFC in
a notice to each Managing Agent).

                                       8
<PAGE>

            (d) Conditions  Precedent.  The  initial  Advance  under  this
Agreement shall  be subject to the conditions precedent set forth in Article IV.
Each subsequent Advance shall be subject to the conditions precedent that:

                           (i)     each of the representations and warranties of
                  RCFC, the  Master Servicer,  Dollar  and  Thrifty  made in the
                  Series  Documents shall  be true and correct  in all  material
                  respects  as of the  applicable  Advance  Date (except  to the
                  extent they  expressly relate to an earlier or later time);

                           (ii)    with respect to a particular Ownership Group,
                  the Series 2000-1  Revolving  Period for such  Ownership Group
                  shall  not have  ended; and  no Amortization  Event  (or event
                  which, with the  giving of notice or passage of time, or both,
                  would constitute  an  Amortization Event)  shall have occurred
                  and be continuing;

                           (iii)   with   respect  to  a   particular  Ownership
                  Group, the Series 2000-1  Invested  Amount  of such  Ownership
                  Group  shall  not  exceed  the  Group  Funding  Limit  of such
                  Ownership Group (after giving effect to such Advance);

                           (iv)    no action, suit,  proceeding or investigation
                  by  or  before  any  Governmental  Authority  shall  have been
                  instituted to restrain or  prohibit  the  consummation of,  or
                  to invalidate,  the transactions  contemplated  by the  Series
                  Documents  and  the documents related  thereto in any material
                  respect;

                           (v)     after giving effect to such  Advance, neither
                  (A) a Series 2000-1  Enhancement  Deficiency nor (B) an  Asset
                  Amount  Deficiency  shall exist, as  determined  by the Master
                  Servicer; and

                           (vi)    the  Series 2000-1  Invested Amount shall not
                  exceed the Series 2000-1 Maximum Invested Amount.

No Committed Purchaser shall be required to make a portion of any Advance to the
extent that,  after giving effect thereto,  (A) the portion of the Series 2000-1
Invested  Amount funded or maintained by such Committed  Purchaser (in each case
pursuant to this  Agreement)  would  exceed (B) the result of (I) its  Purchaser
Percentage  multiplied  by (II) the  excess,  if any,  of (x) the Series  2000-1
Maximum  Invested  Amount  over (y) the  portion of the Series  2000-1  Invested
Amount then funded or maintained by the Conduit Purchasers.

                  Section 2.03     Extension  of  Expiration  Date.  The parties
hereto may mutually agree in writing to the extension of the Expiration  Date to
a date no  later than  364 days  following  the  date  of such  extension.  Each
Managing  Agent agrees to use reasonable efforts to notify RCFC and DTAG  thirty
(30) days  prior to the  then current  Expiration  Date if the  related  Conduit
Purchaser will  not extend such  Expiration  Date; provided,  however,  that the
failure of  such Managing Agent to give  such  notice to RCFC and DTAG shall not
affect such  Conduit  Purchaser's right to not extend such Expiration  Date.  If
fewer  than all of the  Ownership  Groups have consented  to an extension of the
Expiration Date, then RCFC may

                                       9
<PAGE>

                           (i)     request the reallocation of the Group Funding
                  Limit of each  non-extending Ownership  Group to the extending
                  Ownership  Groups  in pro rata  shares  equal  to a  fraction,
                  expressed as a percentage, the numerator of which is the Group
                  Funding Limit of such extending  Ownership  Group at such time
                  and the  denominator  of which is the sum of the Group Funding
                  Limits  of  all  extending  Ownership  Groups  at  such  time;
                  provided, however, that RCFC shall not be permitted to request
                  such  reallocation  after  the   occurrence  and   during  the
                  continuance of an Amortization Event; provided,  further, that
                  such reallocation shall  be  effected  by  the  assignment  by
                  the   non-extending  Ownership  Groups  of  their   respective
                  outstanding  Series  2000-1  Invested  Amount  and  rights and
                  obligations  under this Agreement  in accordance with  Section
                  12.04 hereof;

                           (ii)     obtain    a   financial    institution    or
                  institution(s)  to whom  the  non-extending  Ownership  Groups
                  shall  assign  their  respective   outstanding  Series  2000-1
                  Invested  Amount  and  rights   and  obligations  under   this
                  Agreement in accordance with Section 12.04 hereof; or

                           (iii)   terminate this Agreement  and the obligations
                  of the Purchasers to make Advances.

If a financial  institution or institutions  accept an assignment or assignments
from the  non-extending  Ownership Groups as provided in subparagraph (ii) above
on or before the then current  Expiration  Date,  such  Expiration Date shall be
extended to a date no later than 364 days  following  such  Expiration  Date. No
extending  Ownership  Group shall be required  to assume any  commitment  of any
non-extending  Ownership  Group unless such extending  Ownership Group agrees in
writing to assume such  commitment.  If the  extending  Ownership  Groups do not
accept  the  reallocation  of the  Group  Funding  Limit  of  the  non-extending
Ownership  Groups or the  non-extending  Ownership  Groups fail to assign  their
respective  outstanding Series 2000-1 Invested Amount and rights and obligations
under  this  Agreement,  as  provided  in  subparagraphs  (i)  and  (ii)  above,
respectively,  on or prior to the then current  Expiration Date, such Expiration
Date shall not be extended.

                  Section 2.04      Reduction  or  Increase  of  Series   2000-1
Maximum Invested Amount or Group Funding Limits; Decreases.

                  (a) RCFC may  reduce in  whole or in  part  the Series  2000-1
Maximum  Invested Amount  or the unused  Group Funding  Limits of the  Ownership
Groups  (but not  below  the  Series  2000-1  Invested  Amount)  by  giving  the
Administrative  Agent and each Managing Agent written notice,  substantially  in
the form of Exhibit B hereto, at least three Business Days before such reduction
is to take place;  provided,  however, that any partial reduction shall be in an
aggregate amount of one million dollars  ($1,000,000) or any integral  multiples
of one hundred thousand dollars ($100,000) in excess thereof. Any such reduction
in the Series 2000-1  Maximum  Invested  Amount or Group Funding Limits shall be
permanent  unless a subsequent  increase in the Series 2000-1  Maximum  Invested
Amount or Group  Funding  Limits is made in accordance  with Section  2.04(b) or
Section 12.01(b). RCFC shall pay the applicable Committed Purchasers any accrued
and  unpaid  Facility  Fee on the date of such  reduction  with  respect  to the
reduction  amount.  Reductions of the  respective  Group Funding Limits shall be
made on a pro rata basis.

                                       10
<PAGE>

          (b) RCFC may request an increase in the Series  2000-1 Maximum
Invested  Amount  and  the  Group  Funding  Limits  by  written  notice  to  the
Administrative  Agent and each  Managing  Agent at least thirty (30) days before
the date on which  such  increase  is  requested  to become  effective.  No such
increase  shall take  effect  with  respect  to an  Ownership  Group  unless the
Managing Agent for such Ownership Group consents in writing thereto.

                  (c) Whenever the  Enhancement  Amount is less than the Minimum
Enhancement Amount or an Asset Amount  Deficiency  exists, then, on the  Payment
Date immediately following discovery of such deficiency, RCFC shall decrease the
Series 2000-1  Invested  Amount of  the Series 2000-1  Notes  as required  under
Section  4A.3(a) of the Series 2000-1  Supplement  and any such payment shall be
applied  pro  rata,  based on the  outstanding  Series  2000-1  Invested  Amount
represented by each of the Series 2000-1 Notes. If there occurs a Prepaid Amount
prior to the last day of any CP Tranche  Period or  Eurodollar  Tranche  Period,
RCFC shall pay Breakage  Amounts,  if any, to each  Purchaser in the  applicable
Ownership  Group with respect to which a Prepaid  Amount has occurred.  Any such
Breakage  Amounts shall be calculated by the Managing  Agent with respect to any
Purchaser  experiencing  such  Breakage  Amounts,  and promptly  reported to the
Master Servicer and RCFC in writing.

                  (d) Upon at least  three (3) Business  Days' prior irrevocable
notice to the Administrative Agent and each Managing Agent in writing, RCFC  may
voluntarily reduce the Series 2000-1 Invested Amount of the Series 2000-1  Notes
in accordance with the  procedures  set forth in  Section 4A.3(b) of the  Series
2000-1 Supplement. If there occurs (i) a Prepaid Amount prior to the last day of
any Eurodollar  Tranche Period  selected by RCFC or (ii) a Prepaid Amount  equal
to or greater than $50,000,000 in the aggregate  prior to the last day of any CP
Tranche  Period or any  Eurodollar  Tranche  Period not  selected by RCFC,  RCFC
shall  pay Breakage  Amounts,  if  any, to  each  Purchaser  in  the  applicable
Ownership  Group with respect to which a Prepaid  Amount has occurred.  Any such
Breakage  Amounts shall be calculated by the Managing  Agent with respect to any
Purchaser  experiencing  such  Breakage  Amounts,  and promptly  reported to the
Master Servicer and RCFC in writing.

                  Section 2.05     Calculation of Series 2000-1 Interest Amount,
Fees.

                  (a) On each Determination Date, each Managing  Agent (i) shall
calculate the portion of the Series 2000-1  Interest Amount accrued with respect
to its Series  2000-1 Note for the next  Payment Date and (ii) shall  notify the
Master  Servicer and RCFC of the same in writing.

                  (b) RCFC agrees to pay and to instruct  the Trustee to pay  on
each Payment  Date in accordance  with the terms  and provisions  of the  Series
2000-1  Supplement,  the portion of the Series  2000-1  Interest  Amount due and
payable in respect of the Series 2000-1 Note held by the Managing Agent for each
Ownership  Group,  all  amounts  payable  by RCFC  pursuant  to the  Fee  Letter
(including the Facility Fee) or the Administrative Agent's Fee Letter.

                                       11
<PAGE>

                  Section 2.06     Notification  as  to  Purchasers, Certificate
Rates, Liquidity Puts and CP Disruption Events.

                  (a) On each  Advance Date,  each  Managing Agent shall  notify
the Master Servicer,  the Administrative Agent and RCFC as  to the Purchasers in
the related Ownership Group who made Advances on such Advance Date.

                  (b) Not later than 11:00 a.m.,  Chicago time, on each
Determination Date, each Managing  Agent shall notify the Master  Servicer and
RCFC as to the Series 2000-1 Note  Rate for all Series  2000-1  Tranche  Periods
funded by such Managing Agent's Ownership Group,  applicable on each day  during
the  period  beginning on  the  Determination  Date immediately  preceding  such
Determination   Date  and  ending  on  the  day   immediately   preceding   such
Determination  Date to each  Purchaser in its Ownership  Group,  and all amounts
payable to such Managing Agent and its Ownership Group on the next Payment Date;
provided,  that if, after the occurrence of a CP Disruption Event, the Committed
Purchasers in any Ownership  Group are funding or maintaining all or any portion
of the Series 2000-1 Invested Amount of such Ownership Group,  RCFC may, upon at
least three (3)  Business  Days' prior  written  notice to the related  Managing
Agent, request that the Series 2000-1 Note Rate applicable to such Series 2000-1
Invested  Amount (or portion  thereof) be the  Eurodollar  Rate. If the Managing
Agents do not receive such notice from RCFC as aforesaid, the Series 2000-1 Note
Rate applicable to such Series 2000-1 Invested Amount (or portion thereof) shall
be the Base Rate. If any portion of the Series 2000-1  Invested Amount is funded
or maintained at the Eurodollar  Rate,  RCFC may select the  Eurodollar  Tranche
Period that applies with respect to such Series 2000-1 Invested Amount.  If RCFC
shall fail to select such Eurodollar  Tranche Period at least three (3) Business
Days' prior to the last day of the then applicable Tranche Period, each Managing
Agent shall select the  Eurodollar  Tranche  Period that applies with respect to
such Series 2000-1 Invested  Amount.  The Managing Agent for the Ownership Group
for each Conduit  Purchaser  shall allocate the Series 2000-1 Invested Amount of
such Conduit Purchaser to CP Tranche Periods in its sole discretion.

                  (c) In the event any Managing Agent believes in its reasonable
business judgment that it  may need to exercise a Liquidity Put  with respect to
any request for Advance or any  existing Advance funded  by a Conduit Purchaser,
such Managing Agent shall use reasonable efforts  to notify the Master  Servicer
and RCFC of such possibility.  A Managing Agent's failure to so notify shall not
in any way  prevent the  exercise  of a  Liquidity  Put. In any event,  promptly
(but in  no event  more  than  one  Business  Day) after  the  occurrence  of  a
Liquidity Put or a CP Disruption  Event,  each  applicable  Managing Agent shall
notify the Master  Servicer and RCFC as to the  occurrence of such Liquidity Put
or CP  Disruption  Event.  If the Series 2000-1  Invested  Amount of any Conduit
Purchaser  is subject to a  Liquidity  Put before the last day of the CP Tranche
Period as a result of the occurrence of an  Amortization  Event (or event which,
with the giving of notice or  passage  of time,  or both,  would  constitute  an
Amortization  Event), RCFC shall pay Breakage Amounts, if any, as calculated and
reported  in  writing  by the  Managing  Agent  with  respect  to  such  Conduit
Purchaser, to such Conduit Purchaser with respect to such Liquidity Put.

                                  ARTICLE III.
                                     CLOSING

                                       12
<PAGE>

                  Section 3.01     Closing.  The closing (the  "Closing") of the
purchase and  sale of  the Initial  Series 2000-1 Notes  shall take place at the
offices of Latham & Watkins in New York,  New York on the Series 2000-1  Closing
Date, or if the conditions to closing set forth in Article IV of this  Agreement
shall not have been  satisfied or waived by such date,  as  soon as  practicable
after such  conditions  shall have been  satisfied or  waived,  or at such other
time,  date and place as the parties  shall agree upon.

                  Section  3.02    Transactions Effected at the Closing.  At the
Closing (a) upon satisfying  the conditions precedent set forth in Sections 4.01
and 4.02,  the Managing Agents shall deliver to RCFC funds in an amount equal to
the sum of the Advances  requested, if any,  pursuant  to Section  2.02 (by wire
transfer of  immediately  available  funds in U.S.  Dollars to  the bank account
designated in Section  2.02(c)), net of  any fees payable at the time of Closing
pursuant to the  Administrative  Agent's Fee  Letter and the Fee Letter;  (b) in
consideration of such Advances, RCFC shall be deemed to have sold the applicable
Initial  Series  2000-1  Notes  to the Managing  Agents,  for the benefit of the
Purchasers in the related  Ownership Group,  and each  Managing  Agent  shall be
deemed  to have purchased its Initial Series 2000-1 Note from RCFC; and (c) RCFC
shall instruct the Trustee to authenticate and deliver the Initial Series 2000-1
Notes to the Managing Agents.

                                  ARTICLE IV.
                              CONDITIONS PRECEDENT

                  Section 4.01     Conditions Precedent to the  Initial Advance.
The initial Advance  by each Ownership Group  is subject to the  satisfaction at
the time of funding the initial Advance the following  conditions (any or all of
which  may  be  waived  with  respect  to  an  Ownership  Group by  the  related
Managing Agent in its sole discretion):

                  (a) Corporate Documents.  The Managing Agents shall have
received  copies of (a) the  Certificate  of  Incorporation and By-Laws of RCFC,
DTAG,  Dollar and Thrifty,  (ii) board of directors  resolutions of RCFC,  DTAG,
Dollar and Thrifty with respect to the  transactions  contemplated by the series
Documents,  and (iii) incumbency  certificate of RCFC, DTAG,  Dollar and Thrifty
each certified by appropriate corporate authorities.

                  (b) Opinions  of  Counsel  to  RCFC, DTAG, Dollar and Thrifty.
Counsel to RCFC, DTAG, Dollar and Thrifty shall have  delivered to the  Managing
Agents  favorable  opinions,  dated  the  date  of  such  Advance and reasonably
satisfactory  in  form and  substance  to the Managing Agents and their counsel,
covering  due  authorization, enforceability, true  sale and  non-consolidation,
perfection  and priority  matters and  such other matters as  any Managing Agent
shall reasonably request.

                  (c) Opinion of Counsel to the Trustee. Counsel to the  Trustee
shall have delivered to the Managing Agents a favorable opinion,  dated the date
of  such  Advance  and reasonably  satisfactory in  form and  substance  to  the
Managing Agents and their counsel.

                  (d) Opinion  of  Counsel to  the  Letter  of Credit  Provider.
Counsel to the Letter of Credit Provider shall  have delivered  to the  Managing
Agents favorable  opinions as to the  validity and  enforceability of the Series
2000-1 Letter of Credit.

                                       13
<PAGE>

                  (e) Uniform Commercial Code Filings. The Managing Agents shall
have received evidence  satisfactory to  them of the  completion of all  Uniform
Commercial  Code  filings  as  may  be  necessary  to perfect  or  evidence  the
assignment  by RCFC to the  Trustee  of its  interests  in the  Collateral,  the
proceeds  thereof  and the  security  interests  granted  pursuant to the Series
2000-1 Indenture and the Master Collateral Agency Agreement.

                  (f) Documents.  The  Administrative  Agent shall have received
the duly executed  Administrative Agent's Fee Letter.  Each Managing Agent shall
have received a duly executed  counterpart  of a Series 2000-1 Note in its name,
the Fee Letter, and each of the Series Documents and each and every  document or
certification  delivered  by  any party  in  connection  with the  Series 2000-1
Supplement or this  Agreement, and each such document shall be in full force and
effect.

                  (g) Approvals and  Consents.  All Governmental  Actions of all
Governmental Authorities required with respect to the transactions  contemplated
by the Series Documents and the other documents related thereto shall  have been
obtained or made.

                  (h) Fees. The  Administrative  Agent  and the  Managing Agents
shall have received payment of the fees payable  pursuant to the  Administrative
Agent's Fee Letter and the Fee Letter.

                  (i) Rating Confirmation.  RCFC  shall  have  received  written
confirmation that the Rating Agencies Condition shall have been satisfied.

                  Section  4.02    Conditions  Precedent  to All Advances.  Each
Advance by each Ownership  Group is subject to the  satisfaction  at the time of
such Advance of the following conditions (any or all of which may be waived with
respect  to an  Ownership  Group  by the  related  Managing  Agent in  its  sole
discretion):

                  (a) Series  2000-1  Indenture.  The conditions  precedent  set
forth in Section 4A.2 of the Series 2000-1 Indenture shall  have been  satisfied
in all  material respects.

                  (b) Performance by RCFC,  Master Servicer, Dollar and Thrifty.
All the terms,  covenants,  agreements and  conditions of  the Series  Documents
to be complied  with and  performed  by RCFC,  the Master  Servicer,  Dollar and
Thrifty at or before the time of such Advance  shall have been complied with and
performed in all material respects.

                  (c)  Representations    and   Warranties.    Each    of    the
representations and warranties of RCFC, the Master Servicer, Dollar and  Thrifty
made in the Series  Documents shall be true and correct in all material respects
as of the time of such  Advance  (except to the extent  they expressly relate to
an earlier or later time).

                  (d) No Actions or Proceedings.  No action, suit, proceeding or
investigation by or before any Governmental Authority shall have been instituted
to restrain or prohibit  the consummation of, or to invalidate, the transactions
contemplated by the Series Documents  and the  documents related  thereto in any
material respect.

                                       14
<PAGE>

                  (e) Credit Enhancement.  The  Series  2000-1  Letter of Credit
Amount  plus the  Series  2000-1  Available  Subordinated  Amount shall be in an
amount at least equal to the Minimum Enhancement Amount.

                  (f) Minimum Series 2000-1 Letter of Credit Amount. The  Series
2000-1 Letter of Credit Amount shall  at least equal the Minimum  Series  2000-1
Letter of Credit Amount.

                  (g) Reports.  The  Managing Agents shall have received  copies
of  the  most  recent  Monthly Note holders' Statement  provided  to the Trustee
pursuant to  Section  5.4  of the  Base Indenture and the  most  recent  Monthly
Vehicle Statement  provided to RCFC  pursuant to Section 24.4(f) of the
Master Lease.

                  (h) Series  Documents.  The Series  Documents shall be in full
force and effect  and,  at the time  of such  Advance,  all  conditions  to  the
issuance of the Series 2000-1 Notes under the Series 2000-1 Supplement and under
Section 2.2 of the Base Indenture shall have been satisfied.

                  (i) Amortization Events.   No Amortization Event,  Liquidation
Event of Default or  Limited  Liquidation  Event of Default or event which, with
the giving of notice  or the passage of time or both would constitute any of the
foregoing, shall have occurred and be continuing.

                                   ARTICLE V.
                     REPRESENTATIONS AND WARRANTIES OF RCFC

                  RCFC hereby makes the following representations and warranties
to the Purchasers,  the Managing Agents and the Administrative Agent, as of each
Advance Date, and the  Purchasers,  the Managing  Agents and the  Administrative
Agent shall be deemed to have relied on such  representations  and warranties in
making (or committing to make) each Advance on each Advance Date.

                  Section 5.01     Base Indenture. RCFC repeats and reaffirms to
the   Purchasers,   the  Managing  Agents   and  the  Administrative  Agent  the
representations  and  warranties  of RCFC set  forth in the Base  Indenture  and
represents  and warrants that such  representations  and warranties are true and
correct in all material respects.

                  Section 5.02     Authority, etc.

                  (a) RCFC has been duly organized and is validly  existing  and
in good  standing as corporation under  the laws of the State of Oklahoma,  with
corporate  power and   authority to  own its  properties  and  to  transact  the
business in which it is now engaged,  and RCFC is duly  qualified to do business
and is in good standing (or is exempt from such  requirements)  in each State of
the  United  States  where  the  nature  of its  business  requires  it to be so
qualified and the failure to be so qualified  and in good standing  would have a
material adverse effect on the interests of the Purchasers.

                                       15
<PAGE>

                  (b) The issuance,  sale,  assignment  and  conveyance  of  the
Series 2000-1 Notes, the performance of RCFC's  obligations under this Agreement
and the other Series Documents and the  consummation of the transactions  herein
and  therein contemplated will not conflict with or result in a breach of any of
the terms or provisions  of, or  constitute  a default  under,  or result in the
creation or imposition of any Lien (other  than any Lien  created by the  Series
Documents),  charge or  encumbrance  upon any of the  property or assets of RCFC
pursuant to the terms of, any indenture, mortgage, deed of trust, loan agreement
or other  material  agreement or instrument to which it is bound or to which any
of  its  property or  assets is  subject,  nor will  such action  result  in any
violation of the provisions of its  Certificate of  Incorporation  or By-Laws or
any Governmental Rule applicable to RCFC.

                  (c) No  Governmental  Action  which has  not been  obtained is
required  by or with  respect to  RCFC in  connection  with  the  execution  and
delivery of the Series  2000-1  Notes or any of the Series  Documents by RCFC or
the consummation by RCFC of the transactions contemplated hereby or thereby.

                  (d) Each of the  Series Documents  has been  duly  authorized,
executed and delivered  by RCFC, and is the valid and legally binding obligation
of RCFC,  enforceable against RCFC in accordance  with its terms, subject  as to
enforcement to  bankruptcy,  insolvency,  reorganization,  moratorium  and other
similar laws of general applicability relating to or affecting creditors' rights
and to general principles of equity.

                  Section 5.03     Series 2000-1 Notes.  The Series 2000-1 Notes
have been duly and validly  authorized, and, when executed and  authenticated in
accordance  with the  terms of the  Series 2000-1  Indenture,  and delivered  to
and paid for in accordance with this Agreement,  will be duly and validly issued
and  outstanding  and will be  entitled  to the  benefits  of the Series  2000-1
Indenture.

                  Section 5.04     Litigation. There is no pending or, to RCFC's
knowledge,  threatened action, suit or  proceeding by or against RCFC before any
Governmental Authority or any arbitrator (i) with respect to the Collateral, any
Series  Document,  the   Series  2000-1   Notes  or  any  of  the   transactions
contemplated  herein or therein, or (ii) with respect to RCFC which, in the case
of any such  action,  suit or  proceeding  with  respect to RCFC,  if  adversely
determined,  would  have a  material  adverse  effect on the  ability of RCFC to
perform its obligations hereunder or thereunder.

                  Section 5.05     The  Collateral.   The  Trustee or the Master
Collateral Agent has a perfected  interest in the  Collateral  free and clear of
all Liens,  except for Liens permitted under Section 7.15 of the Base Indenture.

                  Section  5.06    Taxes, etc. Any taxes, fees and other charges
of  Governmental Authorities  applicable to RCFC, except for franchise or income
taxes, in connection with the execution, delivery and performance by RCFC of the
Series  Documents or  otherwise  applicable  to  RCFC  in  connection  with  the
transactions  contemplated  herein  have been paid or will be paid by RCFC at or
prior to the Series 2000-1 Closing Date or such Advance Date, as applicable,  to
the extent then due.

                                       16
<PAGE>

                  Section 5.07    Authorization. RCFC has authorized the Trustee
to authenticate and deliver the Series 2000-1 Notes to the Managing Agents.

                  Section 5.08     Financial  Condition of  RCFC.  On  the  date
hereof and on each Advance Date,  RCFC is not  insolvent  or the subject of  any
voluntary  or  involuntary bankruptcy proceeding.

                  Section 5.09     Use of Proceeds.  No proceeds  of any Advance
hereunder will be used by  RCFC  (i)  for  a  purpose  that  violates  or  would
be inconsistent with Regulations T, U or X promulgated by the Board of Governors
of the Federal Reserve System from time to time or (ii) to acquire any  security
in any  transaction  in violation of Section 13 or 14 of the Securities Exchange
Act of 1934, as amended.

                  Section 5.10     Securities  Act.  Assuming the Purchasers are
not purchasing with a view toward further  distribution  and there  has been  no
general solicitation or general advertising within the meaning of the Securities
Act,  the offer and sale of the  Series  2000-1 Notes in the manner contemplated
by this  Agreement is a transaction  exempt from the  registration  requirements
of the  Securities Act, and the Base  Indenture is not required to be  qualified
under the Trust Indenture Act.

                  Section 5.11     Investment   Company   Act.   RCFC is  not an
"investment company" or controlled by an "investment company" within the meaning
of the Investment Company Act of 1940, as amended.

                  Section  5.12    Full  Disclosure.  No   written   information
furnished  or to be  furnished  by RCFC or  any of  its  Affiliates,  agents  or
representatives  to the  Purchasers,  the  Administrative  Agent or the Managing
Agents for purposes of or in connection with this Agreement,  including, without
limitation,  any  information  relating  to  the  Collateral,  is  or  shall  be
inaccurate  in any material  respect,  or contains or shall contain any material
misstatement  of fact,  or omits or shall omit to state a  material  fact or any
fact necessary to make the statements contained therein not misleading,  in each
case as of the date such information was or shall be stated or certified.

                  Section 5.13     Amortization  Events. No Amortization  Event,
Liquidation Event of Default or Limited  Liquidation  Event of Default  or event
which, with the giving of notice or the passage of time or both would constitute
any of the foregoing, has occurred and is continuing.

                  Section 5.14     Related Documents.  RCFC has furnished to the
Administrative  Agent  true,  accurate and  complete copies of all other Related
Documents to which it is a party as of the Series 2000-1  Closing Date,  all  of
which  Related  Documents  are in full force and effect as of the Series  2000-1
Closing Date and no terms of any such agreements or documents have been amended,
modified or otherwise waived as of such date.

                                  ARTICLE VI.
                     REPRESENTATIONS AND WARRANTIES OF DTAG

                                       17
<PAGE>

                  DTAG hereby makes the following representations and warranties
to the Purchasers,  the Managing Agents and the Administrative  Agent as of each
Advance Date, and the Purchasers and the Administrative Agent shall be deemed to
have relied on such  representations  and warranties in making (or committing to
make) each Advance on each Advance Date.

                  Section 6.01     Master  Lease.  DTAG repeats and reaffirms to
the  Purchasers,  the Managing  Agents  and the Administrative  Agent  that each
representation  and warranty  made  by it in the Master Lease  and each  Related
Document to which it is a party  (including any  representations  and warranties
made by it as Master  Servicer) is true and correct in all material  respects as
of the date originally made and as of the Series 2000-1 Closing Date.

                  Section 6.02     Authority, etc..

                  (a) Each of DTAG, Dollar  and Thrifty has  been duly organized
and is validly existing  and  in  good  standing  as  a  corporation  under  the
laws  of  the  jurisdiction  of its  incorporation,  with  corporate  power  and
authority to own its  properties and to transact the business in which it is now
engaged,  and each of DTAG,  Dollar and Thrifty is duly qualified to do business
and is in good standing (or is exempt from such  requirements)  in each State of
the  United  States  where  the  nature  of its  business  requires  it to be so
qualified and the failure to be so qualified  and in good standing  would have a
material adverse effect on the interests of the Purchasers.

                  (b) The performance of the obligations of each of DTAG, Dollar
and  Thrifty  under  the  Series  Documents  to which  it  is a  party  and  the
consummation  of the  transactions  herein  and  therein  contemplated  will not
conflict  with or result in a breach  of any of the terms or  provisions  of, or
constitute a default under,  or result in the creation or imposition of any Lien
(other than any Lien  created by the Series  Documents),  charge or  encumbrance
upon any of the property or assets of either DTAG, Dollar or Thrifty pursuant to
the terms of, any indenture,  mortgage,  deed of trust,  loan agreement or other
material  agreement or instrument to which it or any of its  Affiliates is bound
or to which  any of its  property  or assets is  subject,  nor will such  action
result in any violation of the provisions of its Certificate of Incorporation or
By-Laws or any Governmental Rule applicable to DTAG, Dollar or Thrifty.

                  (c) No  Governmental  Action  which has  not been  obtained is
required by or with  respect to DTAG, Dollar or Thrifty in  connection  with any
of the Series Documents.

                  (d) Each of the  Series Documents  to which it is a party  has
been duly authorized,  executed and delivered by DTAG, Dollar or Thrifty, and is
the valid and legally binding obligation of DTAG, Dollar or Thrifty, as the case
may be, enforceable  against DTAG,  Dollar or Thrifty,  as the  case may be,  in
accordance with its terms, subject as to enforcement to bankruptcy,  insolvency,
reorganization,  moratorium  and other  similar  laws of  general  applicability
relating to or affecting creditors' rights and to general principles of equity.

                  Section 6.03     Litigation.  There is  no pending or, to  the
knowledge of DTAG, threatened  action,  suit or proceeding  by or against  DTAG,
Dollar or Thrifty before any Governmental Authority  or any  arbitrator (i) with
respect to any Series Document or any of the transactions contemplated herein or
therein, or (ii) with  respect  to DTAG,  Dollar or Thrifty  which,  in the case
of any such action, suit or proceeding  with respect to DTAG, Dollar or Thrifty,
if adversely determined,  would have a material adverse effect on the ability of
DTAG, Dollar or Thrifty to perform its obligations hereunder or thereunder.

                                       18
<PAGE>

                  Section 6.04     Taxes, etc. Any taxes, fees and other charges
of Governmental Authorities  applicable  to DTAG, Dollar or Thrifty,  except for
franchise  or  income taxes,  in  connection  with the execution,  delivery  and
performance by DTAG,  Dollar or Thrifty of the Series Documents to which it is a
party or otherwise  applicable to DTAG, Dollar or Thrifty in connection with the
transactions  contemplated  herein or therein  have been paid or will be paid by
DTAG,  Dollar or Thrifty,  as the case may be, at or prior to the Series  2000-1
Closing Date or such Advance Date, as applicable, to the extent then due.

                  Section 6.05     Financial  Condition  of  DTAG.  On the  date
hereof and on each Advance Date, none of DTAG, Dollar or Thrifty is insolvent or
the subject of any insolvency proceeding.

                  Section 6.06     Full   Disclosure.  No  written   information
furnished or to be furnished by DTAG, Dollar  or Thrifty  or  their   respective
agents  or representatives  to the  Purchasers, the  Administrative Agent or the
Managing Agents for purposes of or in connection with the Series Documents is or
shall be inaccurate  in any material  respect,  or contains or shall contain any
material misstatement of fact, or omits or shall omit to state a  material  fact
or any fact necessary  to make the statements  contained therein not misleading,
in  each  case as  of the  date  such  information was  or shall  be  stated  or
certified.

                                  ARTICLE VII.
                         REPRESENTATIONS AND WARRANTIES
                    WITH RESPECT TO THE ADMINISTRATIVE AGENT,
                     THE MANAGING AGENTS AND THE PURCHASERS

                  The  Administrative  Agent,  each Managing Agent (on behalf of
itself  and on behalf  of the  related  Conduit  Purchasers)  and the  Committed
Purchasers hereby make the following  representations and warranties to RCFC and
DTAG,  as of the Series 2000-1  Closing Date (in the case of the  Administrative
Agent and the Bank One Ownership Group) and as of each Advance Date (in the case
of the  Administrative  Agent,  the Managing  Agents and each  Ownership  Group,
provided that no Managing Agent or Committed  Purchaser  shall be deemed to make
any  representation  and warranty as to any Advance Date which occurred prior to
the time that it became a Managing Agent or a Committed Purchaser), and RCFC and
DTAG shall be deemed to have relied upon such  representations and warranties in
entering into this Agreement and in consummating the  transactions  contemplated
by this Agreement (including each issuance of the Series 2000-1 Notes).

                  Section 7.01     Organization.  Each Purchaser Party has  been
duly organized and is  validly  existing and in good  standing  under  the state
or  federal  laws  governing  its  incorporation  or formation,  with  power and
authority to own its  properties and to transact the business in which it is now
engaged and each Purchaser Party is duly qualified to do business and is in good
standing  (or is exempt  from such  requirements)  in each  State of the  United
States where the nature of its business  requires it to be so qualified  and the
failure to be so qualified  and in good standing  would have a material  adverse
effect on the interests of RCFC in transacting with such Purchaser Party.

                                       19
<PAGE>

                  Section 7.02     Authority,  etc. Each Purchaser Party has all
requisite power  and authority to  enter into and perform its  obligations under
this  Agreement and to  consummate the  transactions  contemplated  hereby.  The
execution  and  delivery  by each  Purchaser  Party  of this  Agreement  and the
consummation by each Purchaser  Party of the  transactions  contemplated  hereby
have been duly and validly  authorized by all necessary  corporate action on the
part of each Purchaser Party.  This Agreement has been duly and validly executed
and delivered by each Purchaser Party and constitutes a legal, valid and binding
obligation of each Purchaser Party,  enforceable against each Purchaser Party in
accordance   with  its  terms,   subject  as  to   enforcement   to  bankruptcy,
reorganization,  insolvency,  moratorium  and  other  similar  laws  of  general
applicability  relating  to  or  affecting  creditors'  rights  and  to  general
principles of equity.  Neither the execution and delivery by any Purchaser Party
of this Agreement nor the  consummation  by such  Purchaser  Party of any of the
transactions  contemplated hereby, nor the fulfillment by any Purchaser Party of
the terms  hereof,  will  conflict  with,  or violate,  result in a breach of or
constitute   a  default   under  any  term  or  provision  of  the  Articles  of
Incorporation  or  By-laws  of any  Purchaser  Party  or any  Governmental  Rule
applicable to any Purchaser Party.

                  Section 7.03     Securities Act.  The Series  2000-1 Notes (or
interests therein) purchased  by any Purchaser  Party pursuant to this Agreement
will be acquired for investment only  and  not with a view to any  distribution,
resale or other transfer thereof,  except as contemplated  by the next sentence.
No Purchaser Party will sell or offer to sell or otherwise transfer its interest
in any Series  2000-1 Note  acquired  by it (or any  interest  therein),  except
(A) in accordance with  the Series 2000-1  Indenture  and (B) (i) pursuant to an
effective   registration  statement  under   the  Securities   Act or (ii)  in a
transaction exempt from the registration  requirements of the Securities Act and
applicable  state  securities  or "blue sky" laws, to a Person who the Purchaser
Party reasonably believes is a qualified institutional buyer (within the meaning
thereof in Rule 144A under the Securities  Act) that is aware that the resale or
other transfer is being made in reliance upon Rule 144A.  Each  Purchaser  Party
acknowledges  that it has no  right  to  require  RCFC  to  register  under  the
Securities  Act,  or any other  securities  law,  any Series  2000-1  Note to be
acquired by any Purchaser Party pursuant to this Agreement.

                  Each  Purchaser  Party has such  knowledge  and  experience in
financial  and business  matters as to be capable of  evaluating  the merits and
risks of an investment in the Series 2000-1 Notes and each  Purchaser is able to
bear the economic risk of such investment. Each Purchaser Party has reviewed the
Base Indenture and other Series Documents  (including the schedules and exhibits
thereto)  and has had the  opportunity  to perform due  diligence  with  respect
thereto  and  to  ask  questions  of and  receive  answers  from  RCFC  and  its
representatives  concerning  RCFC, the Collateral,  the Series Documents and the
Series  2000-1  Notes.  Each  of  the  Purchaser  Parties  is  an  institutional
"accredited  investor" within the meaning of Rule 501(a)(1),  (2), (3) or (7) of
Regulation  D  promulgated  by  the  Securities  and  Exchange  Commission  (the
"Commission") under the Securities Act.

                  Each Purchaser Party understands that the offering and sale of
the  Series  2000-1  Notes  have not been and will not be  registered  under the
Securities  Act, and have not and will not be registered or qualified  under any
applicable "blue sky" or state securities law, and that the offering and sale of
the Series 2000-1 Notes have not been reviewed by, passed on or submitted to the
Commission  or any  other  federal  or state  agency or  commission,  securities
exchange or other  regulatory  body.  No Purchaser  Party is a Benefit  Plan. No
Purchaser Party is acquiring any Series 2000-1 Note (or any interest in a Series
2000-1 Note) directly or indirectly for the benefit of a Benefit Plan.

                                       20
<PAGE>

                  Section 7.04     Investment Company Act. No Purchaser Party is
(a) required to register  as an "investment company"  or (b)  controlled  by  an
"investment company", in each case  within the meaning of the Investment Company
Act of 1940, as amended.

                                 ARTICLE VIII.
                           COVENANTS OF RCFC AND DTAG

                  Section  8.01    Access to Information.  So long as any Series
2000-1  Note remains  outstanding, RCFC and DTAG will,  at any time from time to
time during  regular  business hours with reasonable  notice to RCFC or DTAG, as
the case may be, permit the  Administrative  Agent and the Managing  Agents,  or
its or their  agents or representatives  to access to the offices of, the Master
Servicer, any  Lessee,  DTAG or RCFC (i) to examine,  inspect and make copies of
and  abstracts from  all books and  records and  documentation  relating  to the
Collateral on the same terms as are provided to the Trustee under Section 7.8 of
the Base Indenture,  and (ii) to visit the offices and properties of, the Master
Servicer,  any Lessee,  DTAG or RCFC for the purpose of examining such materials
described  in  clause  (i)  above,  and  to  discuss  matters  relating  to  the
Collateral, or the administration and performance of the Series 2000-1 Indenture
and the other Series  Documents  with any of the  officers or employees  of, the
Master Servicer,  any Lessee, DTAG and/or RCFC, as applicable,  having knowledge
of such matters.

                  Section 8.02     Security Interests; Further Assurances.  RCFC
and DTAG will take all action necessary to maintain the Trustee's first priority
perfected  security  interest for the benefit of the Group II Noteholders in the
Collateral granted pursuant to Section 3.1 of the Base Indenture, Section 3.1 of
the Series  2000-1  Supplement and Section 2.1 of the Master  Collateral  Agency
Agreement.  RCFC and DTAG agree to take any and all acts and to execute  any and
all further instruments  necessary or reasonably requested by the Administrative
Agent, the Trustee  or the  Master  Collateral  Agent to more  fully  effect the
purposes of this Agreement.

                  Section 8.03     Covenants.  RCFC  and DTAG  will duly observe
and perform,  and  cause  the  Lessees  to duly  observe  and  perform,  each of
their respective covenants set forth in the Series Documents.

                  Section 8.04     Amendments.

                  (a) Neither RCFC nor  DTAG will make, or permit the Lessees to
make,  except as  contemplated  by  Section 3.2(a) of the  Base  Indenture  with
respect to the Master  Lease or clauses (c)  through (h) of Section  11.1 of the
Base Indenture, any amendment,  modification or change to, or provide any waiver
under any Series  Document  without the prior  written  consent of each Managing
Agent, which consent shall not be unreasonably withheld, conditioned or delayed.

                                       21
<PAGE>

                  (b) Neither RCFC nor  DTAG will make, or permit the Lessees to
make,  except as  contemplated  by  Section 3.2(a) of  the  Base  Indenture with
respect to the Master  Lease or clauses (c)  through (h) of Section  11.1 of the
Base Indenture, any amendment,  modification or change to, or provide any waiver
under any Series Document which may be made with the prior consent of the Rating
Agencies or the Required Group II Noteholders  without the prior written consent
of  the  Series  2000-1  Required  Noteholders,   which  consent  shall  not  be
unreasonably withheld, conditioned or delayed.

                  (c) RCFC will not amend  any of its  organizational documents,
including its Certificate of Incorporation, without the prior written consent of
the Managing  Agents and  otherwise in  accordance with Section 7.22 of the Base
Indenture.

                  Section  8.05    Information from DTAG.  So long as the Series
2000-1  Notes  remain  outstanding,  DTAG  will furnish  the  following  to  the
Administrative  Agent (and the  Administrative  Agent shall  promptly  following
receipt thereof provide copies of the following to each Managing Agent):

                  (a) a copy  of each  certificate,  opinion, report, statement,
notice or other  communication  (other than investment  instructions)  which the
Series Documents require to be  furnished by or on behalf of DTAG or RCFC to the
Trustee  or  the  Rating  Agencies  under  any  Series  Document,  concurrently
therewith,  and promptly after receipt thereof, a copy of each notice, demand or
other  communication  received  by or on behalf of DTAG or RCFC under any Series
Document;

                  (b) such other information (including financial  information),
documents,  records or  reports respecting  the Collateral,  RCFC or  the Master
Servicer as a Managing Agent or the  Administrative  Agent may from time to time
reasonably request; and

                  (c) promptly upon becoming aware of any Potential Amortization
Event,  Amortization  Event,  Potential Lease Event of Default or Lease Event of
Default, written notice thereof.

                  Section 8.06     Principal  Office.   Neither  RCFC  nor  DTAG
shall, nor shall they  permit Dollar or Thrifty to, change the location of their
respective  principal  office without 60 days prior notice to the Administrative
Agent and otherwise in compliance with the Series Documents.

                  Section  8.07    Additional  Series  of Notes.  RCFC shall not
issue after the  Series  2000-1  Closing  Date any new Series of Notes  entitled
to share in the Group II Collateral  unless (a) the Managing  Agents  have given
their prior  written  consent to such  issuance or (b) (i) the  proceeds of such
issuance are to be used to pay in full the Series  2000-1  Invested  Amount  and
all  other  amounts  due  and  payable   under  the   Series  Documents  to  the
Purchaser  Parties and (ii) the  obligations  of the Purchasers to make Advances
under  the  Series  Documents  is  terminated  on or  prior  to the date of such
issuance.

                                  ARTICLE IX.
                              ADDITIONAL COVENANTS

                                       22
<PAGE>

                  Section 9.01     Legal  Conditions  to  Closing.   The parties
hereto will take all reasonable  action  necessary to obtain (and will cooperate
with one  another in  obtaining) any consent,  authorization,  permit,  license,
franchise, order or approval of, or any exemption by, any Governmental Authority
or any other Person,  required to be obtained or made by it in  connection  with
any of the transactions contemplated by this Agreement.

                  Section 9.02     Expenses.  Whether or not the initial Advance
on or after the date  hereof takes place, except as otherwise expressly provided
herein or in the Administrative Agent's Fee Letter and the Fee Letter, all costs
and  expenses (including  reasonable  due  diligence  out-of-pocket  expenses of
the  Managing  Agents  incurred  prior to  the date  hereof  relating  to Series
Documents and the  transactions  contemplated  hereby and thereby and reasonable
fees and  expenses  of  counsel  to the  Administrative  Agent and the  Managing
Agents)  incurred  in  connection  with  this  Agreement  and the  other  Series
Documents and the  transactions  contemplated  hereby shall (as between RCFC and
the Purchasers) be paid by RCFC.

                  Section 9.03     Mutual  Obligations.  On  and  after the date
hereof,  each party  hereto will do,  execute and  perform all  such other acts,
deeds and documents as the other party may from time to time reasonably  require
in order to carry out the intent of this Agreement.

                  Section 9.04     Consents, etc. Each Managing Agent agrees not
to unreasonably  withhold or delay  its consent to any amendment or other matter
requiring  consent of the  Series 2000-1  Noteholders  under a provision  of any
Series Document to the extent that such provision specifies that such consent is
not to be unreasonably withheld, conditioned or delayed.

                                   ARTICLE X.
                                 INDEMNIFICATION

                  Section 10.01    Indemnification.

                  (a) In consideration  of the  execution and  delivery  of this
Agreement by the Purchasers, the  Managing Agents and the  Administrative Agent,
RCFC hereby  indemnifies and  holds the  Indemnified  Parties harmless  from and
against any and all actions, causes of action, suits, losses, costs, liabilities
and  damages,   and  reasonable   expenses  incurred  in  connection   therewith
(irrespective of whether any such Indemnified Party is a party to the action for
which indemnification hereunder is sought and including, without limitation, any
liability in connection  with the offering and sale of the Series 2000-1 Notes),
including  reasonable  attorneys'  fees  and  disbursements  (collectively,  the
"Indemnified  Liabilities"),  incurred by the Indemnified Parties or any of them
(whether in prosecuting or defending against such actions, suits or claims) as a
result of, or arising out of, or relating to

                           (i)     any transaction financed or to be financed in
                  whole or in  part, directly or indirectly,  with the  proceeds
                  of any Advance; or

                           (ii)    the entering  into and  performance  of  this
                  Agreement  and  any  other  Series  Document  by  any  of  the
                  Indemnified Parties; or

                           (iii)   any  breach  by  RCFC  of any  representation
                  warranty or covenant  in  this  Agreement,  any  other  Series
                  Document  or in  any certificate  or  other  written  material
                  delivered  pursuant hereto  or   thereto;   in  each  case  as
                  such   Indemnified  Liabilities are incurred, payable promptly
                  upon request.

                                       23
<PAGE>

                  (b) In consideration  of the  execution  and delivery  of this
Agreement by the Purchasers, the Managing  Agents and the  Administrative Agent,
DTAG  hereby indemnifies  and holds  the Indemnified  Parties  harmless from and
against any and all Indemnified  Liabilities incurred by the Indemnified Parties
or any of them (whether in prosecuting or defending against such actions,  suits
or claims) as a result of, or arising  out of, or  relating to any breach of any
representation,  warranty  or  covenant  of DTAG in this  Agreement,  any Series
Document or in any  certificate  or other written  material  delivered  pursuant
hereto,  as such  Indemnified  Liabilities are incurred,  payable  promptly upon
request.

                  (c) Notwithstanding  the  indemnities  set  forth  in  Section
10.01(a) and (b) above, in no event shall any  Indemnified  Party be entitled to
any indemnity or claim with respect to losses resulting from (i) the disposition
price or  market value  of Group II  Vehicles or  the performance under  Vehicle
Disposition  Programs  by  Eligible  Manufacturers,   (ii)  performance  of  the
Collateral  securing the Series 2000-1  Notes,  market  fluctuations  or similar
market or investment risks associated with ownership of the Series 2000-1 Notes,
(iii) which would otherwise be covered by Section 10.04 hereof,  or (iv) arising
from such Indemnified Party's own gross negligence or willful misconduct. If and
to the  extent  that the  foregoing  undertaking  may be  unenforceable  for any
reason,  each of DTAG and RCFC hereby  agrees to make the  maximum  contribution
owed by it under this Section 10.01 and to the payment and  satisfaction of each
of the Indemnified  Liabilities owed by it under this Section 10.01 and which is
permissible under applicable law.

                  Section 10.02    Procedure. In order for an Indemnified  Party
to be  entitled to  any  indemnification  provided  for under this  Agreement in
respect of,  arising out of, or involving a claim made by any Person against the
Indemnified  Party (a "Third Party Claim"),  such Indemnified  Party must notify
DTAG or RCFC, as applicable (the "Applicable  Indemnifying Party") in writing of
the Third Party Claim within a reasonable time after receipt by such Indemnified
Party  of  written  notice  of the  Third  Party  Claim  unless  the  Applicable
Indemnifying  Party shall have  previously  obtained actual  knowledge  thereof.
Thereafter,  the Indemnified Party shall deliver to the Applicable  Indemnifying
Party,  within a reasonable time after the Indemnified  Party's receipt thereof,
copies of all notices and documents  (including  court  papers)  received by the
Indemnified Party relating to the Third Party Claim.

                  Section 10.03    Defense of Claims.  If a Third Party Claim is
made against an Indemnified  Party, (a) the Applicable  Indemnifying  Party will
be entitled to participate  in the defense  thereof  and,  (b) if it so chooses,
to  assume  the  defense  thereof  with   counsel  selected  by  the  Applicable
Indemnifying  Party,  provided that in connection  with such assumption (i) such
counsel is not  reasonably  objected  to by the  Indemnified  Party and (ii) the
Applicable Indemnifying Party first admits in writing its liability to indemnify
the Indemnified Party with respect to all elements of such claim in full. Should
the  Applicable  Indemnifying  Party so elect to assume  the  defense of a Third
Party  Claim,  the  Applicable  Indemnifying  Party  will not be  liable  to the
Indemnified  Party  for  any  legal  expenses   subsequently   incurred  by  the
Indemnified  Party in connection  with the defense  thereof.  If the  Applicable
Indemnifying  Party  elects to assume the  defense of a Third Party  Claim,  the
Indemnified  Party  will  (i)  cooperate  in all  reasonable  respects  with the
Applicable Indemnifying Party in connection with such defense and (ii) not admit
any liability  with respect to, or settle,  compromise or discharge,  such Third
Party Claim without the Applicable  Indemnifying  Party's prior written consent,
as the case may be.  If the  Applicable  Indemnifying  Party  shall  assume  the
defense of any Third Party  Claim,  the  Indemnified  Party shall be entitled to
participate  in (but not  control)  such defense with its own counsel at its own
expense. If the Applicable Indemnifying Party does not assume the defense of any
such Third Party Claim, the Indemnified Party may defend the same in such manner
as it may deem  appropriate,  including  settling such claim or litigation after
giving  notice  to the  Applicable  Indemnifying  Party  of such  terms  and the
Applicable Indemnifying Party will promptly reimburse the Indemnified Party upon
written  request.   Anything   contained  in  this  Agreement  to  the  contrary
notwithstanding,  no Applicable  Indemnifying  Party shall be entitled to assume
the defense of any part of a Third  Party Claim that seeks an order,  injunction
or other  equitable  relief or relief for other than money  damages  against the
Indemnified Party.

                                       24
<PAGE>

                  Section 10.04    Indemnity for Taxes, Reserves and Expense.

                  (a) If after the date hereof, the adoption of any Governmental
Rule  or  bank  regulatory   guideline  or  any   amendment  or  change  in  the
interpretation  of any existing or future  Governmental  Rule or bank regulatory
guideline  by  any  Governmental  Authority  charged  with  the  administration,
interpretation or application  thereof,  or the compliance with any directive of
any  Governmental  Authority  (in the  case of any  bank  regulatory  guideline,
whether or not having the force of Governmental Rule):

                           (i)     shall  subject any  Indemnified  Party to any
                  tax,  duty,  deduction  or  other  charge with  respect to the
                  Collateral,  the  Series  2000-1 Indenture,  the Series 2000-1
                  Notes, this Agreement  or payments  of amounts due thereunder,
                  or shall  change  the basis of  taxation  of  payments  to any
                  Indemnified  Party of  amounts  payable   in  respect  thereof
                  (except  for  changes  in  the   rate  of  general  corporate,
                  franchise,  net  income  or other  income tax  imposed on such
                  Indemnified  Party  by  the  United  States  of  America,  the
                  jurisdiction  in  which  such  Indemnified  Party's  principal
                  executive office is located or any other jurisdiction in which
                  the  Indemnified  Party  would be  subject to such tax even if
                  the  transactions  contemplated  by  this  Agreement  had  not
                  occurred); or

                           (ii)    shall impose,  modify or deem  applicable any
                  reserve,  capital,  special  deposit  or  similar  requirement
                  (including,  without limitation,  any such requirement imposed
                  by  the Board  of Governors  of the  Federal  Reserve  System)
                  against assets of,  deposits with  or for the  account of,  or
                  credit extended  by, any  Indemnified Party  or  shall  impose
                  on any  Indemnified  Party or on the  United States market for
                  certificates  of  deposit or the London  interbank  market any
                  other  condition  affecting the  Collateral, the Series 2000-1
                  Indenture, the Series 2000-1 Notes, this Agreement or payments
                  of  amounts  due   thereunder   (including   with  respect  to
                  Eurocurrency  liability reserves); or

                           (iii)   imposes upon any Indemnified  Party any other
                  cost or  expense (including,  without  limitation,  reasonable
                  attorneys' fees and  expenses,  and  expenses of litigation or
                  preparation  therefor in  contesting any of the  foregoing  if
                  such a contest is  requested by  the  Applicable  Indemnifying
                  Party) with respect  to the  Receivables,  the  Series  2000-1
                  Notes,   any  Series  Document  or  payments  of  amounts  due
                  hereunder or thereunder;

                                       25
<PAGE>

and the result of any of the  foregoing  is to  increase  the cost or reduce the
payments to such  Indemnified  Party with respect to the Collateral,  the Series
2000-1 Indenture, the Series 2000-1 Notes, this Agreement or payments of amounts
due thereunder or the obligations thereunder or the funding of any Advances with
respect thereto by any Purchaser,  by an amount deemed by such Indemnified Party
to be material,  then RCFC agrees to pay such Indemnified Party,  within 10 days
after demand by such  Indemnified  Party,  such additional  amount or amounts as
will  compensate  such  Indemnified  Party for such  increased  cost or  reduced
payments.

                  (b) If any Indemnified Party shall have determined that, after
the date hereof, the adoption of any applicable law or bank regulatory guideline
regarding  capital  adequacy,  or  any  change  therein,  or any  change  in the
interpretation thereof by any Governmental Authority, or any directive regarding
capital adequacy (in the case of any bank regulatory  guideline,  whether or not
having the force of law) of any such Governmental  Authority,  has or would have
the effect of reducing the rate of return on capital of such  Indemnified  Party
(or its  parent)  as a  consequence  of  such  Indemnified  Party's  obligations
hereunder  or with respect  hereto to a level below that which such  Indemnified
Party (or its parent) could have achieved but for such adoption, change, request
or directive  (taking into  consideration  its policies  with respect to capital
adequacy) by an amount  deemed by such  Indemnified  Party to be material,  then
from time to time,  RCFC agrees to pay such  Indemnified  Party,  within 10 days
after demand by any such Indemnified Party, such additional amount or amounts as
will compensate such Indemnified Party (or its parent) for such reduction.

                  (c) Any  Indemnified  Party who  makes a demand for payment of
increased costs or capital  pursuant to Section  10.04(a) or (b) shall  promptly
deliver to RCFC a certificate setting forth in reasonable detail the computation
of such  increased  costs  or  capital and  specifying  the  basis therefor  and
such other information as may be reasonably requested by RCFC. In the absence of
manifest  error,  such  certificate  shall be  conclusive  and  binding  for all
purposes.  Each Indemnified  Party shall use reasonable  efforts to mitigate the
effect upon RCFC of any such increased costs or capital requirements;  provided,
it  shall  not be  obligated  to take any  action  that it  determines  would be
disadvantageous to it or inconsistent with its policies.

                  (d) This  Section 10.04 shall not be interpreted  or construed
to provide indemnification or compensation for reserves or reserve  requirements
in respect  of Eurocurrency  liabilities to the extent  otherwise covered by the
inclusion of  reserves or reserve  requirements in the  definition of Eurodollar
Rate.

                  Section 10.05    Costs, Expenses, Taxes, Breakage Payments and
Increased Costs under Agreement and Program Facility.

                  (a) RCFC shall be obligated to pay on demand to each  Managing
Agent and  the Administrative  Agent (i) all reasonable  costs  and expenses  in
connection with the preparation,  execution and delivery of this Agreement,  the
other  documents to be delivered  hereunder  or in  connection  herewith and any
requested  amendments,  waivers  or  consents  or  examination  or  visit by the
Administrative Agent pursuant to Section 8.01 including, without limitation, the
reasonable  fees and  out-of-pocket  expenses of counsel for the  Administrative
Agent,  with respect  thereto and with  respect to advising  the  Administrative
Agent or such Managing  Agent as to its rights and remedies under this Agreement
and the other documents  delivered  hereunder or in connection herewith and (ii)
all costs and  expenses,  if any, in  connection  with the  enforcement  of this
Agreement and the other documents delivered hereunder or in connection herewith.

                                       26
<PAGE>

                  (b) In addition,  RCFC shall be obligated to pay on demand any
and all stamp and other taxes and fees payable in connection with the execution,
delivery, filing and recording of this Agreement, the Series 2000-1 Notes or the
other documents  and  agreements to be delivered  hereunder,  and agrees to hold
each Purchaser, each Managing Agent and the  Administrative  Agent harmless from
and against any  liabilities  with  respect to or  resulting from  any delay  in
paying or omission to pay such taxes and fees.

                  (c) RCFC shall be obligated to pay to the applicable Ownership
Groups  promptly  on  request  by  the  Administrative  Agent, the amount of any
Additional  Amounts to the extent not paid when required pursuant to Section 4.7
of the Series 2000-1  Supplement;  provided that such payment obligation of RCFC
shall be  satisfied  only out of funds  payable to RCFC  pursuant  to the Series
Documents.  The other  provisions of this Article X are subject to the preceding
sentence.

                  (d) If a  Conduit Purchaser  becomes  obligated  to compensate
any financial institution  under its  commercial  paper  program  as a result of
any events or  circumstances  similar  to those  described in Sections  10.04 or
10.05(b), such  Conduit Purchaser  shall promptly  deliver to RCFC a certificate
setting forth  in reasonable  detail the  computation of  such amounts.  In  the
absence of manifest error,  such certificate shall be conclusive and binding for
all purposes. RCFC shall be obligated to pay to the Conduit Purchaser,  promptly
after receipt of such certificate,  such additional  amounts as may be necessary
to  reimburse  the  Conduit  Purchaser  for any  amounts so paid by the  Conduit
Purchaser.  With respect to amounts to be paid pursuant to this Section 10.05(d)
as a result of any events or circumstances similar to those described in Section
10.04 or 10.05(b)  hereof,  the Conduit  Purchaser shall request the party to be
compensated  to use its  reasonable  efforts to mitigate the effect upon RCFC of
any such increased costs or capital requirements; provided, such party shall not
be obligated to take any action that it determines would be  disadvantageous  to
it or inconsistent with its policies.

                  Section 10.06   Carrying Charges. The indemnifications payable
by  RCFC  under this  Article X shall  constitute  Carrying  Charges  within the
meaning of the Series 2000-1 Supplement.

                                  ARTICLE XI.
                  THE ADMINISTRATIVE AGENT; THE MANAGING AGENTS

                  Section 11.01    Authorization  and  Action.   Each  Ownership
Group and its Managing  Agent hereby accepts  the appointment of and  authorizes
the  Administrative  Agent to  take such  action as  agent on its  behalf and to
exercise such powers as are delegated to the  Administrative  Agent by the terms
hereof,  together with such powers as are reasonably incidental thereto.  Except
for  actions  which  the  Administrative  Agent is  expressly  required  to take
pursuant to this Agreement,  the  Administrative  Agent shall not be required to
take any action which exposes the Administrative  Agent to personal liability or
which is  contrary  to  applicable  law unless the  Administrative  Agent  shall
receive further  assurances to its satisfaction from the Managing Agents, of the
indemnification  obligations  under  Section  11.04  hereof  against any and all
liability and expense which may be incurred in taking or continuing to take such
action.  The  Administrative  Agent agrees to give to the Managing Agents prompt
notice of each notice and determination given to it by RCFC, the Master Servicer
or the Trustee,  pursuant to the terms of this  Agreement  or the Series  2000-1
Indenture.

                                       27
<PAGE>

                  Subject to Section 11.06 hereof, the appointment and authority
of the  Administrative  Agent  hereunder shall terminate upon the payment to (a)
the  Purchasers  and the Managing  Agents of all amounts owing to the Purchasers
and the  Managing  Agents  hereunder  and (b) the  Administrative  Agent  of all
amounts due to it  hereunder.  The  Administrative  Agent shall  deliver to each
Managing   Agent  all  reports,   notices,   etc.  in  the   possession  of  the
Administrative Agent to which the Managing Agents are entitled to the extent not
therefore delivered.

                  Each  member  of  each  Ownership  Group  hereby  accepts  the
appointment of and authorizes the related  Managing Agent to take such action as
agent on its behalf and to exercise such powers (including,  without limitation,
the power to bind each member of the related  Ownership  Group) as are delegated
to such  Managing  Agent by the terms  hereof,  together with such powers as are
reasonably incidental thereto. Each Managing Agent will hold Series 2000-1 Notes
as agent for all of the Purchasers in the related Ownership Group. Each Managing
Agent  reserves  the right,  in its sole  discretion,  to take any  actions  and
exercise any rights or remedies under this Agreement,  any other Series Document
and any related  agreements and  documents.  Except for actions which a Managing
Agent is expressly  required to take pursuant to this  Agreement,  such Managing
Agent shall not be required to take any action which exposes such Managing Agent
to  personal  liability  or which is  contrary  to  applicable  law unless  such
Managing Agent shall receive  further  assurances to its  satisfaction  from its
Ownership Group of the  indemnification  obligations  under Section 11.04 hereof
against any and all  liability  and  expense  which may be incurred in taking or
continuing  to take such  action.  Each  Managing  Agent  agrees to give to each
member of its  Ownership  Group prompt  notice of each notice and  determination
given to it by RCFC, the Master  Servicer or the Trustee,  pursuant to the terms
of this  Agreement  or the Series  2000-1  Indenture.  Subject to Section  11.06
hereof,  the  appointment  and  authority of a Managing  Agent  hereunder  shall
terminate upon the payment to (a) its Ownership  Group of all amounts owing such
Ownership  Group  hereunder  and (b)  such  Managing  Agent of all  amounts  due
hereunder.

                  Section 11.02    Agent's    Reliance,    etc.    Neither   the
Administrative Agent, the Managing Agents nor any of their respective directors,
officers, agents or  employees  shall be liable for any action  taken or omitted
to be taken by it or them as Administrative  Agent or Managing Agent under or in
connection  with  this  Agreement,  any  other Series  Document or  any  related
agreement or document,  except for its or their own gross  negligence or willful
misconduct.  Without limiting the foregoing,  the Administrative  Agent and each
Managing  Agent:  (i)  may  consult  with  legal  counsel,   independent  public
accountants  and other  experts  selected  by it and shall not be liable for any
action taken or omitted to be taken in good faith by it in  accordance  with the
advice of such  counsel,  accountants  or  experts;  (ii) makes no  warranty  or
representation  to the Purchasers and shall not be responsible to the Purchasers
for any statements,  warranties or representations  made by RCFC or DTAG (in any
capacity) in connection with any Series Document;  (iii) shall not have any duty
to ascertain or to inquire as to the  performance  or  observance  of any of the
terms,  covenants or  conditions  of any Series  Document on the part of RCFC or
DTAG (in any  capacity)  or to inspect  the  property  (including  the books and
records) of RCFC or DTAG (in any capacity); (iv) shall not be responsible to any
Purchaser   for  the  due   execution,   legality,   validity,   enforceability,
genuineness,  sufficiency or value of this Agreement or any other  instrument or
document furnished pursuant hereto; and (v) shall incur no liability under or in
respect  of this  Agreement  by  acting  upon any  notice  (including  notice by
telephone), consent, certificate or other instrument or writing (which may be by
telex)  believed  by it in good  faith to be  genuine  and signed or sent by the
proper party or parties.

                                       28
<PAGE>

                  Section 11.03    Administrative  Agent,  Managing  Agents  and
Affiliates.   Bank  One and its  Affiliates,  and each  Managing  Agent and  its
Affiliates, may generally engage in any kind of business with RCFC, DTAG, any of
their  respective  Affiliates  and any  Person who may do  business  with or own
securities of RCFC, DTAG or any of their  respective  Affiliates,  all (i) as if
Bank One were not the  Administrative  Agent  and  without  any duty to  account
therefor to the Managing Agents or Ownership  Groups and (ii) as if such parties
were not  Managing  Agents and  without  any duty to account  therefor  to their
respective Ownership Groups.

                  Section 11.04    Indemnification.   Each  Committed  Purchaser
severally agrees to indemnify  the  Administrative Agent and the Managing  Agent
of such Committed  Purchaser's  Ownership Group (to the extent not reimbursed by
RCFC or DTAG), from  and against any and all liabilities,  obligations,  losses,
damages, penalties, actions, judgments, suits, costs,  expenses or disbursements
of any  kind or  nature  whatsoever  which may be imposed on,  incurred  by,  or
asserted  against the  Administrative  Agent or such  Managing  Agent in any way
relating to or arising out of this Agreement or any other Series Document or any
action taken or omitted by the Administrative Agent or such Managing Agent under
this  Agreement or any other Series  Document;  provided,  that (i) no Committed
Purchaser  shall be liable  for any  portion of such  liabilities,  obligations,
losses,  damages,  penalties,  actions,  judgments,  suits,  costs,  expenses or
disbursements  resulting  or  arising  from the  Administrative  Agent's or such
Managing  Agent's gross  negligence or willful  misconduct and (ii) no Committed
Purchaser  shall be  liable  for any  amount in  respect  of any  compromise  or
settlement  or any of the  foregoing  unless such  compromise  or  settlement is
approved  by  such  Purchaser.  Without  limitation  of  the  generality  of the
foregoing,  each  Committed  Purchaser  agrees to reimburse  the  Administrative
Agent,  and the Managing Agent of such Committed  Purchaser's  Ownership  Group,
promptly  upon demand,  for any  reasonable  out-of-pocket  expenses  (including
reasonable counsel fees) incurred by the  Administrative  Agent or such Managing
Agent  in  connection  with  the  administration,   modification,  amendment  or
enforcement (whether through  negotiations,  legal proceedings or otherwise) of,
or legal advice in respect of rights or responsibilities  under, this Agreement,
provided,  that no Purchaser  shall be responsible for the costs and expenses of
the Administrative  Agent or such Managing Agent in defending itself against any
claim alleging the gross negligence or willful  misconduct of the Administrative
Agent or such  Managing  Agent to the extent  such gross  negligence  or willful
misconduct  is determined  by a court of competent  jurisdiction  in a final and
non-appealable decision.

                                       29
<PAGE>

                  Section  11.05  Advance  Decision. Each Purchaser acknowledges
that it has, independently and without reliance upon the Administrative Agent or
any Managing Agent, and based on such documents and information as it has deemed
appropriate, made its own evaluation and decision to enter  into  this Agreement
and to purchase  an  interest  in  the  Series  2000-1  Notes.  Each   Purchaser
also acknowledges that  it  will, independently and  without  reliance upon  the
Administrative  Agent  or any of its  Affiliates  or any  Managing  Agent or its
Affiliates,  and  based on such  documents  and  information  as it  shall  deem
appropriate  at the time,  continue to make its own  decisions  in taking or not
taking action under this Agreement or any related agreement, instrument or other
document.

                  Section 11.06    Successor Agents. The Administrative Agent or
any Managing Agent may  resign at any time by giving sixty  days' written notice
thereof to the Purchasers,  RCFC,  the  Master Servicer  and  the Trustee.  Upon
any such  resignation,  the  Purchasers  shall  have  the  right  to  appoint  a
successor Administrative Agent, and such Managing Agent's  Ownership Group shall
have the right to appoint a successor Managing  Agent,  in each case as approved
by RCFC  which  approval  will  not  be  unreasonably  withheld,  conditioned or
delayed).  If no successor  Administrative  Agent or Managing Agent, as the case
may be, shall have been so appointed and shall have  accepted such  appointment,
within sixty days after the retiring  Administrative Agent's or Managing Agent's
giving of notice  of  resignation,  then the  retiring  Administrative  Agent or
Managing Agent, as the case may be, may appoint a successor Administrative Agent
or Managing Agent. If such successor  Administrative Agent or Managing Agent, as
the case may be, is not an Affiliate of the  resigning  Administrative  Agent or
Managing  Agent,  as the case may be,  such  successor  Administrative  Agent or
Managing  Agent,  as the case may be, shall be subject to RCFC's  prior  written
approval  (which  approval will not be  unreasonably  withheld,  conditioned  or
delayed).  Upon the  acceptance of any  appointment as  Administrative  Agent or
Managing Agent hereunder by a successor  Administrative Agent or Managing Agent,
as the case may be, such successor  Administrative Agent or Managing Agent shall
thereupon  succeed  to  and  become  vested  with  all of  the  rights,  powers,
privileges and duties of the retiring Administrative Agent or Managing Agent, as
the case may be, and the retiring Administrative Agent or Managing Agent, as the
case may be,  shall be  discharged  from its duties and  obligations  under this
Agreement. After any resignation of the Administrative Agent or a Managing Agent
hereunder as  Administrative  Agent or Managing  Agent,  the  provisions of this
Article XI shall inure to its  benefit as to any actions  taken or omitted to be
taken by it while it was the  Administrative  Agent or a Managing  Agent, as the
case may be, under this Agreement.

                                  ARTICLE XII.
                                  MISCELLANEOUS

                  Section 12.01    Amendments.

                  (a) No amendment or waiver of any provision of  this Agreement
shall in any event be  effective unless the same shall be in writing and  signed
by all of the parties hereto,  and then such amendment,  waiver or consent shall
be effective  only in the  specific  instance and  for the specific  purpose for
which given.

                                       30
<PAGE>

                  (b) No Managing  Agent,  in  its  capacity as a Series  2000-1
Noteholder, shall  enter into or agree to any  amendment or waiver to the Series
2000-1 Indenture or the Master Collateral Agency Agreement  without the  consent
of all of the Managing Agents.

                  Section  12.02   Notices. All notices and other communications
provided for  hereunder shall,  unless otherwise  stated herein,  be in  writing
(including  facsimiles,  telex or cable  communication) and mailed,  telecopied,
cabled or  delivered,  as to each  party  hereto,  at its  address  set forth in
Schedule I hereto or at such other  address as shall be designated by such party
in a  written  notice  to  the  other  parties  hereto.  All  such  notices  and
communications  shall,  when  mailed,  telecopied,  telegraphed  or  cabled,  be
effective when deposited in the mails, confirmed by telephone,  delivered to the
telegraph company or delivered to the cable company,  respectively.  All notices
to the Trustee or the Rating  Agencies shall be made in accordance  with Section
12.1 of the Base Indenture.

                  Section 12.03    No Waiver;  Remedies. No failure  on the part
of any party hereto to exercise, and no delay in exercising, any right hereunder
shall operate as a  waiver thereof;  nor shall any single or partial exercise of
any right  hereunder  preclude  any  other or further  exercise  thereof  or the
exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law.

                  Section 12.04    Binding Effect; Assignability.

                  (a) This Agreement  shall be  binding  upon and  inure to  the
benefit of the parties to this  Agreement and their  respective  successors  and
assigns (including any subsequent holders of the Series  2000-1  Notes) subject,
in the case of the Administrative  Agent and the  Managing  Agents,  to  Section
11.06;  provided,  however, that  RCFC shall  not have  the right  to assign its
rights  hereunder or any  interest  herein (by  operation  of law or  otherwise)
without the prior written consent of the Managing Agents.

                  (b) With the  consent  of  RCFC  (which consent  will  not  be
unreasonably withheld, conditioned or delayed),  each Committed  Purchaser party
to this  Agreement may  assign all or a  portion of its  rights and  obligations
under this Agreement to any financial or other institution reasonably acceptable
to the related Managing Agent. The parties to each such assignment shall execute
and deliver an Assignment  and Acceptance to the  Administrative  Agent (and the
Administrative  Agent shall  promptly  deliver  copies  thereof to the  Managing
Agents and  RCFC).  From and after the  effective  date of such  Assignment  and
Acceptance,  the assigning  Committed  Purchaser shall be relieved of its rights
and obligations hereunder to the extent so assigned.

                  (c) With  the  consent  of  RCFC  (which  consent  will not be
unreasonably withheld, conditioned  or delayed),  each Conduit  Purchaser  party
to this  Agreement may  assign all  or a portion of its  rights and  obligations
under this  Agreement  to any RIC.  The  parties to each such  assignment  shall
execute and deliver an Assignment  and  Acceptance to the  Administrative  Agent
(and the  Administrative  Agent shall  promptly  deliver  copies  thereof to the
Managing Agents and RCFC).  From and after the effective date of such Assignment
and Acceptance,  the assigning Conduit Purchaser shall be relieved of its rights
and obligations hereunder to the extent so assigned.

                                       31
<PAGE>

                  (d) Without the consent of RCFC,  each  Conduit Purchaser  may
assign all or a  portion of its rights  and  obligations  under  this  Agreement
to its Program Support Providers.

                  (e) Any Purchaser may, in the ordinary  course of its business
and in  accordance  with  applicable  law,  at  any  time  sell to  one or  more
Persons (each, a "Participant")  participating  interests in all or a portion of
its rights and obligations under this Agreement.  Notwithstanding  any such sale
by a Purchaser of  participating  interests to a Participant,  such  Purchaser's
rights and  obligations  under  this  Agreement  shall  remain  unchanged,  such
Purchaser shall remain solely responsible for the performance thereof, and RCFC,
the  Administrative  Agent and the other parties  hereto shall  continue to deal
solely and directly  with such  Purchaser in  connection  with such  Purchaser's
rights  and  obligations  under  this  Agreement.  RCFC  also  agrees  that each
Participant  shall be  entitled to the  benefits of Article X hereof;  provided,
however,  that all  amounts  payable  by RCFC to any such  Participant  shall be
limited to the amounts  which would have been payable to the  Purchaser  selling
such participating interest had such interest not been sold.

                  (f) RCFC acknowledges that each Conduit Purchaser may, without
any consent, assign its rights under this Agreement to the collateral  agent for
such Conduit Purchaser and for the benefit of other secured  parties under  such
Conduit Purchaser's Commercial Paper program.

                  (g) This  Agreement shall create and constitute the continuing
obligation of the parties hereto in accordance with its terms,  and shall remain
in full force and effect until such time as all amounts  payable with respect to
the Series 2000-1 Notes shall have been paid in full.

                  Section 12.05    Provision of Documents and Information.  RCFC
acknowledges and agrees that the Conduit Purchasers,  the Committed  Purchasers,
the Managing  Agents and  Administrative  Agent are  permitted to provide to the
Program  Support  Providers, permitted assignees and participants, the placement
agents for their respective Commercial  Paper, the rating agencies with  respect
to such Commercial  Paper and other  liquidity and credit  providers under their
respective  Commercial  Paper  programs, opinions,  certificates,  documents and
other  information  relating to RCFC,  DTAG and the Collateral  delivered to the
Conduit  Purchasers,  the  Committed  Purchasers,  the  Managing  Agents  or the
Administrative Agent pursuant to this Agreement.

                  Section 12.06    GOVERNING  LAW.   THIS   AGREEMENT  SHALL  BE
GOVERNED BY,  AND  CONSTRUED IN  ACCORDANCE WITH,  THE LAWS OF THE  STATE OF NEW
YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS.

                  Section 12.07    No Proceedings.

                  (a) Each  party hereto agrees  that so long as any  Commercial
Paper or other senior  indebtedness of a Conduit  Purchaser shall be outstanding
or there shall not have elapsed one year  plus one day  since  the  last  day on
which any  Commercial Paper or other senior  indebtedness of a Conduit Purchaser
shall have been  outstanding,  it shall not file,  or join in the  filing of, or
solicit  or  encourage  any Person  to  file,  a  petition  against such Conduit
Purchaser under the Federal  Bankruptcy Code, or commence or join in, or solicit
or  encourage  any  Person  to  commence  or join in,  the  commencement  of any
bankruptcy,  reorganization,   arrangement,  insolvency,  liquidation  or  other
similar proceeding against such Conduit Purchaser.

                                       32
<PAGE>

                  (b) Each of  the parties  hereto hereby  covenants  and agrees
that, prior to the  date  which is one year and one day  after  the  payment  in
full of any Series 2000-1 Notes issued by RCFC pursuant  to the  Base Indenture,
it will  not institute  against, or join  with any other  Person in  instituting
against,  RCFC,  any  bankruptcy,  reorganization,  arrangement,  insolvency  or
liquidation  proceedings,  or  other  proceedings  under  any  Federal  or state
bankruptcy or similar law, all as more  particularly  set forth in Section 12.16
of the Base  Indenture  and subject to any  retained  rights set forth  therein;
provided,  however,  that nothing in this Section  12.07(b)  shall  constitute a
waiver of any right to indemnification, reimbursement or other payment from RCFC
pursuant to this Agreement or the Series 2000-1 Indenture. In the event that any
party hereto takes  action in  violation of this Section  12.07(b),  RCFC agrees
that it shall file an answer with the  bankruptcy  court or  otherwise  properly
contest  the filing of such a petition by any such  Person  against  RCFC or the
commencement of such action and raise the defense that such Person has agreed in
writing not to take such action and should be estopped and  precluded  therefrom
and such other defenses,  if any, as its counsel advises that it may assert. The
provisions  of this  Section  12.07(b)  shall  survive the  termination  of this
Agreement.  Nothing  contained herein shall preclude  participation by any party
hereto in  assertion or defense of its claims in any such  proceeding  involving
RCFC.

                  Section 12.08    Execution in Counterparts. This Agreement may
be executed  in any  number of counterparts  and  by  different  parties  hereto
in separate  counterparts,  each of which when so executed shall be deemed to be
an original and all of which when taken  together  shall  constitute one and the
same agreement.

                  Section  12.09   No Recourse. The obligations of any Purchaser
under  this  Agreement,  or  any  other  agreement,   instrument,   document  or
certificate executed and delivered by or issued by such Purchaser or any officer
thereof are solely the corporate or partnership  obligations of such  Purchaser.
No  recourse  shall be had for payment of any fee or other  obligation  or claim
arising out of or relating to this Agreement or any other agreement, instrument,
document or  certificate  executed and delivered or issued by such  Purchaser or
any officer thereof in connection  therewith,  against any stockholder,  limited
partner, employee, officer, director or incorporator of such Purchaser.

                  Section 12.10    Limited  Recourse.  The  obligations  of RCFC
under this Agreement and  the other Series  Documents  are solely the  corporate
obligations  of RCFC.  No recourse  shall be had  for the payment  of any fee or
other  obligation or claim  arising out of or relating to this  Agreement or the
other  Series  Documents  or  any  other  agreement,   instrument,  document  or
certificate  executed and  delivered or issued by RCFC or by any partner of RCFC
or any  officer  thereof  in  connection  herewith  or  therewith,  against  any
stockholder,  employee,  officer or director of RCFC. Each of the parties hereto
agree that all fees, expenses and other costs payable hereunder by RCFC shall be
payable only to the extent set forth in Section 12.17 of the Base  Indenture and
that all other amounts owed to them by RCFC shall be payable solely from amounts
that become available for payment pursuant to the Series 2000-1 Indenture.

                                       33
<PAGE>

                  Without   limiting  the  generality  of  the  foregoing,   and
notwithstanding  any other provision of this  Agreement,  (i) RCFC shall have no
liability for any  obligation  of DTAG or for any claim  against DTAG,  and (ii)
DTAG shall have no liability for any obligation of RCFC or for any claim against
RCFC.

                  Section  12.11   Survival.  All representations,   warranties,
covenants, and indemnification contained in this  Agreement, including,  without
limitation,  Article X and Sections 12.07, 12.09 and 12.10, and in any document,
certificate  or statement  delivered pursuant  hereto or in connection  herewith
shall survive the sale, transfer or repayment of the Series 2000-1 Notes.

                  Section  12.12   Tax  Characterization.   Each  party  to this
Agreement  (a)  acknowledges  that  it  is the  intent of  the  parties to  this
Agreement  that,  for accounting  purposes and for all federal,  state and local
income and franchise  tax  purposes,  the Series 2000-1 Notes will be treated as
evidence of  indebtedness  issued by RCFC, (b) agrees to treat the Series 2000-1
Notes for all such purposes as  indebtedness  and (c) agrees that the provisions
of the Related Documents shall be construed to further these intentions.

                  Section 12.13    Severability;   Series   2000-1   Note   Rate
Limitation.

                  (a) If  any  one  or  more  of  the   covenants,   agreements,
provisions or terms of this  Agreement shall  for any reason  whatsoever be held
invalid, then such covenants,  agreements,  provisions  or terms shall be deemed
severable from the remaining  covenants, agreements, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement or of the Series 2000-1 Notes.

                  (b) Notwithstanding   anything in  this  Agreement,  the other
Series Documents or any Series 2000-1 Note to the  contrary,  if at any time the
Series 2000-1 Note Rate, together with all fees, charges and other amounts which
are treated  as  interest  on the  Series 2000-1 Notes,   under  applicable  law
(collectively the "Charges"), shall exceed the maximum lawful rate (the "Maximum
Rate") which may be contracted for, charged,  taken, received or reserved by the
Series 2000-1  Noteholders in accordance with the terms of this  Agreement,  the
other Series  Documents or any Series  2000-1 Note,  then the Series 2000-1 Note
Rate,  together with all Charges  payable in respect of the Series 2000-1 Notes,
shall be limited to the  Maximum  Rate and,  to the  extent  lawful,  the Series
2000-1  Note Rate and  Charges  that would  have been  payable in respect of the
Series 2000-1  Notes,  but were not payable as a result of the operation of this
Section,  shall be cumulated and the Series 2000-1 Note Rate and Charges payable
to the Series 2000-1  Noteholders in respect of other periods shall be increased
(but not above the Maximum Rate therefor) until such cumulated amount shall have
been received by the Series 2000-1 Noteholders.

                  Section 12.14    Headings.   The   headings   herein  are  for
purposes  of  reference  only  and  shall  not otherwise  affect  the meaning or
interpretation of any provision hereof.

                  Section 12.15    Submission  to  Jurisdiction.   Each  of  the
parties hereto hereby irrevocably and unconditionally:

                                       34
<PAGE>

                  (a) submits for  itself and its  property  in any legal action
or proceeding  relating to this Agreement, any other Series Document, any Series
2000-1 Note or the other documents executed and delivered in connection herewith
or for recognition and enforcement of any judgment in  respect  thereof,  to the
non-exclusive  general  jurisdiction of the courts of the State of New York, the
courts of the United  States of America for the  Southern  District of New York,
and appellate courts from any thereof;

                  (b) consents that any such action or proceeding may be brought
in such courts and waives any objection that it may now or hereafter have to the
venue of such  action or  proceeding  in any  such court or that  such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim
the same;

                  (c) agrees  that   service of  process  in any such  action or
proceeding may be effected  by mailing a copy thereof by registered or certified
mail (or any  substantially  similar  form of mail),  postage  prepaid,  to such
Person at its address determined in accordance with Section 12.02; and

                  (d) agrees  that  nothing   herein  shall  affect the right to
effect  service of  process in any other manner  permitted by law or shall limit
the right to sue in any other jurisdiction.

                  Section 12.16    Characterization  as Related Document; Entire
Agreement.  This  Agreement shall  be deemed to  be a  Related  Document for all
purposes of the Base Indenture and the other Related Documents.  This Agreement,
together with the Series 2000-1 Indenture,  the documents  delivered pursuant to
Article IV and the other Related Documents, including the exhibits and schedules
thereto,  contains a final and complete  integration of all prior expressions by
the  parties  hereto  with  respect  to the  subject  matter  hereof  and  shall
constitute  the entire  agreement  among the parties  hereto with respect to the
subject  matter  hereof,  superseding  all previous  oral  statements  and other
writings with respect thereto.

                  Section 12.17    Confidentiality.

                  (a) Each of the Purchaser Parties  hereby agrees that it shall
not  disclose  the   terms  and  conditions  of  the  Series  Documents  or  any
Confidential  Information to any Person without the prior written consent of the
Master Servicer, RCFC and the applicable Lessee. Notwithstanding anything herein
to the contrary,  the foregoing shall not be construed to prohibit any Purchaser
Party from (i) disclosing any and all  information  that is or becomes  publicly
known  through no fault of a Purchaser  Party,  (ii)  disclosure  of any and all
information (which makes reference to RCFC or this transaction)  obtained by any
Purchaser  Party from  sources  (other  than RCFC)  that have not  notified  the
Purchaser  Parties  that  such  information  is  subject  to  a  confidentiality
obligation with RCFC,  (iii)  disclosing any and all information (A) if required
to do so by  any  applicable  statute,  law,  rule  or  regulation,  (B)  to any
government agency or regulatory body having or claiming authority to regulate or
oversee any aspects of a Purchaser  Party's  business or that of its Affiliates,
(C) pursuant to any subpoena,  civil  investigative  demand or similar demand or
request of any court,  regulatory authority,  arbitrator or arbitration to which
any Purchaser Party or an Affiliate or an officer,  director or employee thereof
is a party,  (D) in any  preliminary  or final offering  circular,  registration
statement  or  contract  or  other  document   pertaining  to  the  transactions
contemplated  herein  approved  in  advance  by  RCFC,  (E)  to  any  Affiliate,
independent or internal  auditor,  agent,  employee or attorney of any Purchaser
Party having a need to know the same,  provided that the Purchaser Party advises
such recipient of the confidential  nature of the information being disclosed or
(F) to any Rating Agency, or (iv) any other disclosure authorized by RCFC.

                                       35
<PAGE>

                  "Confidential  Information"  means  information that RCFC, the
Master Servicer or the applicable  Lessee  furnishes to any Purchaser Party on a
confidential basis, but does not include any such information that is or becomes
generally available to the public other than as a result of a disclosure by such
Purchaser  Party or other Person to which such  Purchaser  Party  delivered such
information or that is or becomes  available to a Purchaser  Party from a source
other than RCFC,  the Master  Servicer or the applicable  Lessee,  provided that
such  source  is not  (1)  known  to  such  Purchaser  Party  to be  bound  by a
confidentiality  agreement  with RCFC,  the Master  Servicer  or the  applicable
Lessee, as the case may be, or (2) known to such Purchaser Party to be otherwise
prohibited  from  transmitting  the  information  by  a  contractual,  legal  or
fiduciary obligation.

                  (b) Neither RCFC nor DTAG shall, nor shall RCFC or DTAG permit
its Affiliates  to,  disclose,  (x) the terms and  conditions of this  Agreement
to anyone not a  party  hereto  or (y) any  other  non-public  information  with
respect to the Purchaser  Parties and their  respective  businesses  obtained by
RCFC, DTAG or  their respective  Affiliates in  connection with the structuring,
negotiating and  execution of  the transactions  contemplated  herein; provided,
however,  that RCFC,  DTAG and their respective  Affiliates  may  disclose  such
non-public  information:   (i) to  the  their  respective  officers,  directors,
employees,  auditors and legal counsel; (ii) if requested,  to any Rating Agency
which rates any Series of Notes issued under the Base Indenture; (iii) as may be
required  by any  law,  rule  or  regulation,  (iv)  as may be  required  by any
direction,  request  or  order of any  judicial,  administrative  or  regulatory
authority or proceedings;  and (v) to such persons as may be approved in writing
by the Administrative Agent.

                  Section 12.18    Additional   Ownership   Groups.   Unless  an
Amortization Event or event  which,  with the giving of notice or the passage of
time or both would constitute  an Amortization  Event shall have occurred and be
continuing,  RCFC  may, upon at  least three (3) Business  Days'  prior  written
notice to each Managing Agent and the Administrative  Agent, cause an Additional
Ownership Group and its related Managing Agent, Conduit Purchasers and Committed
Purchasers to become  parties to this Agreement by complying with the provisions
of this Section 12.18. Each such notice shall set forth the name of the Managing
Agent, the Conduit Purchasers and the Committed  Purchasers which are members of
such Additional  Ownership  Group,  the Group Funding Limit with respect to such
Additional  Ownership  Group,  the  related  Committed   Purchaser's   Purchaser
Percentage and the desired  effective date of such  Additional  Ownership  Group
becoming a party to this Agreement.  Each Additional Ownership Group shall, upon
the  execution  of  an  Addendum  by  such  Additional   Ownership   Group,  the
Administrative  Agent and RCFC,  become a party to this Agreement from and after
the date of such execution with the same effect as if such Additional  Ownership
Group had been an original party hereunder. If, in connection with an Additional
Ownership Group becoming a party to this  Agreement,  the  Administrative  Agent
shall  reasonably  determine that the principal amount of the Demand Note should
be  increased,  DTAG  hereby  agrees to deliver a new Demand  Note to RCFC in an
principal amount equal to the amount of such increase.

                                       36
<PAGE>

                               [SIGNATURES FOLLOW]

                                       37
<PAGE>

                  IN  WITNESS  WHEREOF,  the parties have caused this  Agreement
to be executed by their respective officers thereunto duty authorized, as of the
date first above written.

                                      RENTAL CAR FINANCE CORP., as Seller

                                      By:  _____________________________________
                                           Pamela S. Peck
                                           Vice President and Treasurer

                                      DOLLAR THRIFTY AUTOMOTIVE GROUP, INC., as
                                         Master Servicer

                                      By:  _____________________________________
                                           Pamela S. Peck
                                           Treasurer

                                      S-1
<PAGE>

                                      FALCON ASSET SECURITIZATION CORPORATION,
                                         as a Conduit Purchaser

                                      By:  _____________________________________
                                           Name: Patrick J. Power
                                           Title: Authorized Signatory

                                      BANK ONE, NA, as a Committed Purchaser,
                                         as the Managing Agent for the Bank One
                                         Ownership  Group    and    as   the
                                         Administrative Agent

                                      By:  _____________________________________
                                           Name: Patrick J. Power
                                           Title: Authorized Signatory

                                      S-2
<PAGE>

                                      LIBERTY STREET FUNDING CORP., as a Conduit
                                         Purchaser

                                      By:  _____________________________________
                                           Name:
                                           Title:

                                      THE BANK OF NOVA SCOTIA, as a  Committed
                                         Purchaser and as the Managing Agent
                                         for the BNS Ownership Group

                                      By:  _____________________________________
                                           Name:
                                           Title:

                                      S-3
<PAGE>

                                                                      EXHIBIT A

                            FORM OF BORROWING REQUEST

Bank One, NA, as Managing Agent
1 Bank One Plaza
Suite 0079
Chicago, Illinois  60670
Attention:  Rental Car Finance Portfolio Manager

The Bank of Nova Scotia, as Managing Agent
1 Liberty Plaza, 26th Floor
New York, New York  10006
Attention:  R. Dorothy Poli

Ladies and Gentlemen:

                  This Borrowing Request is delivered to you pursuant to Section
2.02 of that certain Note Purchase Agreement,  dated as of December 15, 2000 (as
amended,  supplemented,  restated or otherwise  modified from time to time,  the
"Note  Purchase  Agreement"),  among  Rental  Car  Finance  Corp.,  an  Oklahoma
corporation  ("RCFC"),   Dollar  Thrifty  Automotive  Group,  Inc.,  a  Delaware
corporation,  as Master  Servicer  ("DTAG",  and in such  capacity,  the "Master
Servicer"), the Conduit Purchasers party thereto, the Committed Purchasers party
thereto,  the Managing Agents party thereto and Bank One, NA, as  Administrative
Agent (the  "Administrative  Agent").  Unless otherwise defined herein or as the
context otherwise requires,  terms used herein have the meaning assigned thereto
under Section 1.01 of the Note Purchase Agreement.

                  The undersigned hereby requests that an Advance be made in the
aggregate principal amount of $___________ on ____________, 200_. Each Ownership
Group is hereby  requested  to make an  Advance  on such date in the  amount set
forth below opposite its name:

                  Bank One Ownership Group                  $___________________

                  BNS Ownership Group                       $___________________

                  [Additional Ownership Group]              $___________________

                  [The undersigned hereby certifies that (i) the Aggregate Asset
Amount as of the date hereof is an amount  equal to  $______________  , and (ii)
the Enhancement Amount as of the date hereof is an amount equal to
$_______________.]

                                      A-1
<PAGE>

                  The undersigned hereby  acknowledges that the delivery of this
Borrowing  Request and the  acceptance  by  undersigned  of the  proceeds of the
Advance  requested  hereby  constitute  a  representation  and  warranty  by the
undersigned that, on the date hereof and on the date of such Advance, and before
and  after  giving  effect  thereto  and to  the  application  of  the  proceeds
therefrom,  (i) all  conditions  set forth in  Article  IV of the Note  Purchase
Agreement have been  satisfied,  (ii) all the terms,  covenants,  agreements and
conditions  of the Series  Documents to be complied  with and performed by RCFC,
DTAG,  Dollar and Thrifty at or before the time of such Advance  shall have been
complied  with and  performed  in all material  respects,  and (iii) each of the
representations  and  warranties of RCFC,  DTAG,  Dollar and Thrifty made in the
Series  Documents  shall be true and correct in all material  respects as of the
time of such Advance  (except to the extent they expressly  relate to an earlier
or later time).

                  The  undersigned  agrees  that  if  prior  to the  time of the
Advance  requested  hereby any matter certified to herein by it will not be true
and correct at such time as if then made, it will immediately so notify both you
and the Purchasers.  Except to the extent, if any, that prior to the time of the
Advance  requested hereby you and the Purchasers shall receive written notice to
the  contrary  from the  undersigned,  each matter  certified to herein shall be
deemed  once  again  to be  certified  as true and  correct  at the date of such
Advances as if then made.

                  Please  wire  transfer  the  proceeds  of the  Advance  to the
following account pursuant to the following instructions:

                          [insert payment instructions]

                  The  undersigned  has  caused  this  Borrowing  Request  to be
executed and delivered, and the certification and warranties contained herein to
be made, by its duly Authorized Officer this ____ day of __________, 200_.

                                      RENTAL CAR FINANCE CORP.

                                      By:  _____________________________________
                                           Name:
                                           Title:

                                      A-2
<PAGE>

                                                                      EXHIBIT B

                            FORM OF REDUCTION REQUEST

Bank One, NA, as Managing Agent and Administrative Agent
1 Bank One Plaza
Suite 0079
Chicago, Illinois  60670
Attention:  Rental Car Finance Portfolio Manager

The Bank of Nova Scotia, as Managing Agent
1 Liberty Plaza, 26th Floor
New York, New York  10006
Attention:  R. Dorothy Poli

Ladies and Gentlemen:

                  This request for the  reduction of the Series  2000-1  Maximum
Invested  Amount is delivered to you pursuant to Section 2.04(a) of that certain
Note   Purchase   Agreement,   dated  as  of  December  15,  2000  (as  amended,
supplemented,  restated  or  otherwise  modified  from  time to time,  the "Note
Purchase  Agreement"),  among Rental Car Finance Corp., an Oklahoma corporation,
Dollar  Thrifty  Automotive  Group,  Inc.,  a  Delaware  corporation,  as Master
Servicer,  the Conduit Purchasers party thereto,  the Committed Purchasers party
thereto,  the Managing Agents party thereto and Bank One, NA, as  Administrative
Agent.  Unless otherwise  defined herein or as the context  otherwise  requires,
terms used herein have the meaning  assigned  thereto  under Section 1.01 of the
Note Purchase Agreement.

                  The undersigned hereby requests that the Series 2000-1 Maximum
Invested  Amount  be  reduced  in  the  aggregate   amount  of  $___________  on
____________,  200_.  The Group Funding Limit of each  Ownership  Group shall be
decreased by the amount set forth below opposite its name:

                  Bank One Ownership Group                  $___________________

                  BNS Ownership Group                       $___________________

                  [Additional Ownership Group]              $___________________

                  The  undersigned  hereby  represents and warrants that,  after
giving  effect to the reduction  requested  hereby,  the Series  2000-1  Maximum
Invested Amount shall not be lower than the Series 2000-1 Invested  Amount.  The
undersigned  agrees that if prior to the time of the reduction  requested hereby
the foregoing will not be true and correct at such time as if then made, it will
immediately so notify both you and the Purchasers. Except to the extent, if any,
that prior to the time of the reduction  requested hereby you and the Purchasers
shall receive  written notice to the contrary from the  undersigned,  the matter
certified  to herein  shall be deemed  once  again to be  certified  as true and
correct at the date of such reduction as if then made.

                                      B-1
<PAGE>

                  The  undersigned  has caused this  request to be executed  and
delivered,  and the certification and warranties contained herein to be made, by
its duly Authorized Officer this ____ day of __________, 200_.

                                   RENTAL CAR FINANCE CORP.

                                   By:  ________________________________________
                                        Name:
                                        Title:

                                      B-2
<PAGE>

                                                                      EXHIBIT C

                              ADDENDUM TO AGREEMENT

                  Each of the undersigned

                  (i) confirms  that it has received a copy of the Note Purchase
Agreement,  dated as of December  15, 2000 (as the same from time to time may be
amended,  supplemented,  waived or  modified  and in  effect,  the  "Agreement";
capitalized  terms used herein and not defined shall have the meanings  assigned
to such terms in the Agreement),  among RCFC, DTAG, the Conduit Purchasers,  the
Committed Purchasers, the Managing Agents and the Administrative Agent, and such
other agreements, documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Addendum;  (ii) appoints
and  authorizes  the  Administrative  Agent to take such  action as agent on its
behalf and to exercise  such powers under the  Agreement as are delegated to the
Administrative  Agent by the terms  thereof,  together  with such  powers as are
reasonably  incidental  thereto;  (iii) agrees to all of the  provisions  of the
Agreement;   (iv)   agrees   that   the   related   Group   Funding   Limit   is
$_________________  and the related Committed Purchaser's Purchase Percentage is
___ percent (__%); (v) designates  ___________ as the Managing Agent for itself,
and such  Managing  Agent hereby  accepts such  appointment;  and (iv) becomes a
party to the  Agreement and a Purchaser or Managing  Agent,  as the case may be,
thereunder with the same effect as if the undersigned were an original signatory
to the Agreement. The notice address for each member of the Additional Ownership
Group is as follows:

                                [INSERT ADDRESS]

                  This Addendum  shall be effective  when a counterpart  hereof,
signed by the undersigned,  RCFC and the Administrative Agent has been delivered
to the parties hereto.

                  This Addendum shall be governed by and construed in accordance
with the laws of the State of New York.

                  IN WITNESS WHEREOF,  the undersigned have caused this Addendum
to be duly executed and delivered by its duly authorized  officer or agent as of
this ____ day of __________, 200_.

                                      [NAME OF ADDITIONAL MANAGING AGENT], as
                                         Managing Agent

                                      By:  _____________________________________
                                           Name:
                                           Title:

                                      C-1
<PAGE>

                                      [NAME OF ADDITIONAL CONDUIT PURCHASER],
                                         as Conduit Purchaser

                                      By:  _____________________________________
                                           Name:
                                           Title:

                                      [NAME OF ADDITIONAL COMMITTED PURCHASER],
                                         as Committed Purchaser

                                      By:  _____________________________________
                                           Name:
                                           Title:

Acknowledged and Agreed to as of the date first above written:

RENTAL CAR FINANCE CORP.

By:  ______________________________
     Name:
     Title:

BANK ONE, NA, as Administrative Agent

By:  ______________________________
     Name:
     Title:

                                      C-2
<PAGE>

                                   SCHEDULE I

                              ADDRESSES FOR NOTICE

In the case of RCFC:

Rental Car Finance Corp.
5330 East 31st Street
Tulsa, Oklahoma 74135
Attention:  Pamela S. Peck
Facsimile:  (918) 669-2301

In the case of the Master Servicer:

Dollar Thrifty Automotive Group, Inc.
5330 East 31st Street
Tulsa, Oklahoma 74135
Attention:  Pamela S. Peck
Facsimile:  (918) 669-2301

In the case of the Administrative Agent:

Bank One, NA
1 Bank One Plaza
Suite 0079
Chicago, Illinois  60670
Facsimile:  (312) 732-2445
Attention:  Rental Car Finance Portfolio Manager

In the case of the Conduit Purchasers:

Falcon Asset Securitization Corporation
c/o Bank One, NA
1 Bank One Plaza
Suite 0079
Chicago, Illinois  60670
Facsimile:  (312) 732-1844
Attention:  Falcon Funding Manager

Liberty Street Funding Corp.
c/o Global Securitization Services, LLC
114 West 47th Street, Suite 1715
New York, NY  10036
Facsimile:  (212) 302-8767
Attention:  Andrew L. Stidd

                                  Schedule I-1
<PAGE>

With a copy to:

The Bank of Nova Scotia
One Liberty Plaza, 26th Floor
New York, NY  10006
Attention:  Richard Taiano
Facsimile:  (212) 225-5290

In the case of the Committed Purchasers and the Managing Agents:

Bank One, NA
1 Bank One Plaza
Suite 0079
Chicago, Illinois  60670
Facsimile:  (312) 732-2445
Attention:  Rental Car Finance Portfolio Manager

The Bank of Nova Scotia
1 Liberty Plaza, 26th Floor
New York, New York  10006
Attention:  R. Dorothy Poli
Facsimile:  (212) 225-5090

With a copy to:

The Bank of Nova Scotia
One Liberty Plaza, 26th Floor
New York, NY  10006
Attention:  Richard Taiano
Facsimile:  (212) 225-5290

                                  Schedule I-2
<PAGE>

                                   SCHEDULE II

                              GROUP FUNDING LIMITS

         Ownership Group              Group Funding Limit
         Bank One Ownership Group     Seventy-five million dollars ($75,000,000)
         BNS Ownership Group          Seventy-five million dollars ($75,000,000)

                                 Schedule II-1
<PAGE>

                                  SCHEDULE III

                              PURCHASER PERCENTAGES

         Committed Purchaser                         Purchaser Percentage
         -------------------                         ---------------------
         Bank One, NA                                Fifty percent (50%)
         The Bank of Nova Scotia                     Fifty percent (50%)

                                 Schedule III-1<PAGE>

                                                               [EXECUTION COPY]

                          ENHANCEMENT LETTER OF CREDIT
                           APPLICATION AND AGREEMENT,

                         dated as of December 15, 2000,

                                      among

                        DOLLAR RENT A CAR SYSTEMS, INC.,

                        THRIFTY RENT-A-CAR SYSTEM, INC.,

                    those direct and indirect Subsidiaries of
             Dollar Thrifty Automotive Group, Inc. from time to time
                     becoming additional Lessees hereunder,

                            RENTAL CAR FINANCE CORP.,

                      DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

                                       and

                           CREDIT SUISSE FIRST BOSTON,

                 as the Series 2000-1 Letter of Credit Provider.

                                       -1-

<PAGE>

                                                                            Page

                                TABLE OF CONTENTS

RECITALS.......................................................................2

                                    ARTICLE I

                                   DEFINITIONS

Section 1.1       Definitions..................................................4

                                   ARTICLE II

                        ISSUANCE OF SERIES 2000-1 LETTER
                       OF CREDIT; REIMBURSEMENT OBLIGATION

Section 2.1       Issuance of Series 2000-1 Letter of Credit; Substitute
                           Series 2000-1 Letter of Credit; Extensions of
                           the Series 2000-1 Letter of Credit..................4
Section 2.2       Disbursements................................................9
Section 2.3       Reimbursement................................................9
Section 2.4       Series 2000-1 Letter of Credit Fees and Expenses............11
Section 2.5       No Liability of Series 2000-1 Letter of Credit Provider.....11
Section 2.6       Surrender of Series 2000-1 Letter of Credit.................12
Section 2.7       Conditions Precedent to Issuance, Increase or Extension.....12
Section 2.8       Certain Eurocurrency Rate and Other Provisions under the
                           Credit Agreement...................................16
Section 2.9       Obligation Absolute.........................................16
Section 2.10      Events of Default...........................................17
Section 2.11      Grant of Security Interest..................................19
Section 2.12      Guarantee...................................................19

                                   ARTICLE III

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

Section 3.1       Representations and Warranties of the Lessees and DTAG......19
Section 3.2       Affirmative Covenants of the Lessees and DTAG...............20
Section 3.3       Negative Covenants of the Lessees and DTAG..................22

                                       -i-

<PAGE>

                                                                            Page
                                   ARTICLE IV

                                  MISCELLANEOUS

Section 4.1       Payments ...................................................22
Section 4.2       Expenses ...................................................23
Section 4.3       Indemnity...................................................23
Section 4.4       Notices  ...................................................24
Section 4.5       Amendments; Governing Law; Consent to Jurisdiction;
                           Waiver of Jury Trial...............................26
Section 4.6       Waivers, etc................................................27
Section 4.7       Severability................................................28
Section 4.8       Term     ...................................................28
Section 4.9       Successors and Assigns......................................28
Section 4.10      Counterparts................................................28
Section 4.11      Further Assurances..........................................29
Section 4.12      Survival of Representations and Warranties..................29
Section 4.13      Obligation..................................................29
Section 4.14      Headings ...................................................29
Section 4.15      Confidentiality.............................................29
Section 4.16      Additional Series 2000-1 Letter of Credit Providers.........30
Section 4.17      Additional Subsidiary Lessees...............................30
Section 4.18      Enhancement Letter of Credit Application and Agreement......30
Section 4.19      Series 2000-1 Letter of Credit Provider as Enhancement
                           Provider and Third-Party Beneficiary...............31
Section 4.20      No Recourse; No Petition....................................31

Exhibit A        --   Form of Series 2000-1 Letter of Credit
Exhibit B        --   Form of Affiliate Joinder  in Enhancement Letter of Credit
                      Application and Agreement
Exhibit C        --   Form  of  Notice  Requesting  Reduction  in  Series 2000-1
                      Letter of Credit Amount

                                      -ii-
<PAGE>

         THIS ENHANCEMENT LETTER OF CREDIT APPLICATION AND AGREEMENT,  dated  as
of  December  15,  2000 (as  amended,  supplemented,  amended  and  restated  or
otherwise  modified from time to time in accordance with the terms hereof,  this
"Agreement"),  is entered into by and among DOLLAR RENT A CAR SYSTEMS,  INC., an
Oklahoma  corporation  ("Dollar"),  THRIFTY RENT-A-CAR SYSTEM, INC., an Oklahoma
corporation  ("Thrifty"),  those  direct or  indirect  Subsidiaries  of DTAG (as
defined  below) that become  additional  parties to this  Agreement from time to
time pursuant to the provisions of Section 4.17 hereof (such additional  parties
hereto, Dollar and Thrifty, each a "Lessee" and,  collectively,  the "Lessees"),
RENTAL CAR FINANCE  CORP.,  a special  purpose  Oklahoma  corporation  ("RCFC"),
DOLLAR THRIFTY AUTOMOTIVE GROUP,  INC., a Delaware  corporation as the Guarantor
("DTAG" or the  "Guarantor"),  and CREDIT SUISSE FIRST  BOSTON,  a Swiss banking
corporation,  as the Series 2000-1  Letter of Credit  Provider  ("Credit  Suisse
First Boston" or the "Series 2000-1 Letter of Credit Provider").

                                    RECITALS

         1. DTAG,  Dollar and  Thrifty,  as borrowers  (each a  "Borrower"  and,
collectively,  the "Borrowers"), the financial institutions signatory thereto as
the  lenders  (each a  "Revolving  Lender"  and,  collectively,  the  "Revolving
Lenders"),  Credit Suisse First Boston, in its capacity as administrative  agent
thereunder  (in  such  capacity,  the  "Administrative  Agent"),  and The  Chase
Manhattan  Bank,  in its  capacity  as  syndication  agent  thereunder  (in such
capacity,  the "Syndication  Agent"),  have entered into an Amended and Restated
Credit Agreement,  dated as of August 3, 2000 (amending and restating the Credit
Agreement  dated as of December 23, 1997,  as amended prior to the date hereof),
and as so amended and restated,  the "Credit Agreement"),  pursuant to which, in
conjunction with this Agreement,  the Series 2000-1 Letter of Credit (as defined
in  Section  2.1) is being  issued as of even date  herewith  and the  Revolving
Lenders are participating in such issuance.

         2. DTAG,  as Master  Servicer,  RCFC,  Thrifty,  Dollar,  Bankers Trust
Company, as Master Collateral Agent, and certain additional parties thereto have
entered into an Amended and Restated Master Collateral  Agency Agreement,  dated
as of December 23, 1997 (as such agreement may be further amended, supplemented,
amended and restated or otherwise  modified from time to time in accordance with
the terms  thereof,  the "Master  Collateral  Agency  Agreement"),  which Master
Collateral  Agency Agreement  amended and restated the Master  Collateral Agency
Agreement,  dated as of December 13,  1995,  among  Thrifty,  Thrifty Car Rental
Finance  Corporation,  Bankers Trust  Company,  as the Master  Collateral  Agent
thereunder,  and certain additional  parties thereto,  and pursuant to which (i)
RCFC has  granted  to the  Master  Collateral  Agent a first  priority  security
interest in the RCFC Master Collateral (as defined therein) and (ii) the Lessees
have granted to the Master  Collateral Agent a first priority  security interest
in the Lessee Grantor Master Collateral (as defined therein), for the benefit of
the  parties  identified  from  time to time as the  Financing  Sources  and the
Beneficiaries thereunder (as such terms are defined therein).

                                       -2-

<PAGE>

         3. RCFC, as lessor, the Lessees, as lessees,  and DTAG, as guarantor of
certain of the Lessees' obligations  thereunder,  have entered into that certain
Amendment No. 3 to Master Motor Vehicle Lease and Servicing Agreement,  dated as
of December  14, 2000 (the "Third  Master  Lease  Amendment"),  which  amendment
amended that certain Master Motor Vehicle Lease and Servicing  Agreement,  dated
as of March 4, 1998 (as amended by Amendment No. 1 to Master Motor Vehicle Lease
and Serving  Agreement,  dated as of November 19, 1998,  and  Amendment No. 2 to
Master Motor Vehicle Lease and Serving Agreement,  dated as of November 9, 2000;
such amended agreement as amended by the Third Master Lease Amendment and as the
same may be further  amended,  supplemented,  amended and  restated or otherwise
modified from time to time in  accordance  with the terms  thereof,  the "Master
Lease"),  among  such  parties  and  pursuant  to which RCFC has leased and will
continue to lease  Vehicles  (such  capitalized  term,  together  with all other
capitalized terms used herein, shall have the meanings assigned thereto pursuant
to  Section  1.1) to the  Lessees  in their  respective  domestic  daily  rental
business and DTAG in its capacity as guarantor has  guaranteed and will continue
to guarantee certain of the obligations of the Lessees to RCFC thereunder.

         4. Contemporaneously with the execution and delivery of this Agreement,
RCFC, as issuer (in such capacity,  the "Issuer"),  and Bankers Trust Company, a
New York banking  corporation  ("Bankers  Trust  Company"),  as trustee (in such
capacity, the "Trustee"), are entering into the Series 2000-1 Supplement,  dated
as of even date herewith (as the same may be amended, supplemented,  amended and
restated or otherwise  modified from time to time in  accordance  with the terms
thereof,  the "Series 2000-1  Supplement"),  to the Base Indenture,  dated as of
December 13, 1995 (as amended as of December  23,  1997,  and as the same may be
further amended,  supplemented,  amended and restated or otherwise modified from
time to time in accordance  with the terms thereof,  the "Base  Indenture"  and,
together with the Series 2000-1  Supplement and the other  Supplements  thereto,
the  "Indenture"),  between  RCFC and the  Trustee,  pursuant to which RCFC will
issue its Rental Car Asset Backed  Variable  Funding  Notes,  Series 2000-1 (the
"Series 2000-1 Notes").

         5. Contemporaneously with the execution and delivery of this Agreement,
RCFC, DTAG, as Master  Servicer,  the entities from time to time parties thereto
as "Conduit  Purchasers",  the  entities  from time to time  parties  thereto as
"Committed  Purchasers",  the  entities  from time to time  parties  thereto  as
"Managing Agents", and Bank One, NA as "Administrative  Agent" are entering into
the Note Purchase Agreement,  dated as of even date herewith (as the same may be
amended,  supplemented,  amended and restated or otherwise modified from time to
time in  accordance  with the terms  thereof,  the "Note  Purchase  Agreement"),
pursuant  to which  RCFC will  issue the  Series  2000-1  Notes in favor of each
Managing  Agent,  for the benefit of the  Purchasers  to make loans from time to
time  thereunder  to RCFC,  the  proceeds of which will be used to purchase  and
finance  or  refinance  Vehicles  to be leased to the  Lessees  under the Master
Lease.

         6. Contemporaneously with the execution and delivery of this Agreement,
Credit  Suisse  First  Boston,  in its capacity as the Series  2000-1  Letter of
Credit Provider, is issuing the Series 2000-1 Letter of Credit, dated as of even
date herewith, (i) as credit  support for amounts  owed by the Lessees under the

                                       -3-

<PAGE>

Master Lease and  (ii) as credit  support for  amounts owed  by DTAG  under  the
Demand Note  referred to in Section  4.15 of the Series 2000-1 Supplement.

         7. The  Lessees,  RCFC,  DTAG and Credit  Suisse First  Boston,  in its
capacity as the Series 2000-1 Letter of Credit Provider,  are entering into this
Agreement to provide for the  reimbursement  by the Lessees and the guarantee of
the Lessees'  reimbursement  obligations  hereunder by DTAG, in each case to the
extent and subject to the conditions set forth herein, of any amount paid by the
Series 2000-1 Letter of Credit  Provider as a draw upon the Series 2000-1 Letter
of Credit.

         NOW, THEREFORE,  in consideration of the premises and of the agreements
herein  contained,  and for due and  adequate  consideration,  which the parties
hereto hereby acknowledge, the parties hereto hereby agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

         Section  1.1  Definitions.  As used in this  Agreement  and  unless the
context  requires a different  meaning,  capitalized  terms used but not defined
herein  (including the preamble and the recitals hereto) shall have the meanings
assigned  to such  terms  in (i) the  Series  2000-1  Supplement  and  (ii)  the
Definitions  List  attached  as  Schedule  1 to  the  Base  Indenture,  as  such
Definitions List may be amended, supplemented, amended and restated or otherwise
modified from time to time in accordance with the Base Indenture;  provided that
to the extent, if any, that any capitalized term used but not defined herein has
a meaning  assigned to such term in more than one of the agreements  referred to
in clauses (i) and (ii),  then the  meaning  assigned to such term in the Series
2000-1 Supplement shall apply herein.

                                   ARTICLE II

                        ISSUANCE OF SERIES 2000-1 LETTER
                       OF CREDIT; REIMBURSEMENT OBLIGATION

         Section 2.1  Issuance  of Series  2000-1  Letter of Credit;  Substitute
Series  2000-1  Letter of  Credit;  Extensions  of the Series  2000-1  Letter of
Credit.  (a) The Series 2000-1 Letter of Credit Provider  hereby agrees,  on the
terms and  subject to the  conditions  hereinafter  set  forth,  to issue (i) as
credit  support for payments due under the Master Lease,  the rights under which
have been assigned by RCFC to the Trustee under the Series 2000-1 Supplement (in
respect of Credit  Demands and  Termination  Demands (in each case as defined in
the Series  2000-1  Letter of  Credit)),  (ii) as support for a LOC  Termination
Disbursement  under  Section 4.16 of the Series 2000-1  Supplement  and (iii) as
credit  support  for draws on the Demand Note under  Section  4.15 of the Series
2000-1  Supplement,  an irrevocable  letter of  credit  dated as  of  even  date

                                       -4-

<PAGE>

herewith in  substantially  the form attached  hereto as Exhibit A, in an amount
equal to TWENTY- FIVE THOUSAND  DOLLARS  ($25,000) (the "Series 2000-1 Letter of
Credit  Commitment"),  for a term expiring on December 14, 2003 or, if such date
is not a Business  Day (as  defined in the Credit  Agreement),  the  immediately
preceding Business Day (as defined in the Credit Agreement),  or such later date
to which the term is extended  pursuant to Section  2.1(c) (the  "Series  2000-1
Letter of Credit  Expiration  Date") (as such  letter of credit may be  amended,
supplemented,  amended  and  restated,  substituted  or  replaced  or  otherwise
modified  from time to time in  accordance  with the terms  hereof  and  thereof
(including  increases in the Series 2000-1 Letter of Credit Commitment requested
pursuant to Section 4.1 of the Credit Agreement and otherwise permitted pursuant
to the terms of the Credit Agreement), the "Series 2000-1 Letter of Credit"). In
furtherance  of, and not in limitation  of, the terms of the preceding  sentence
relating to amendments to the Series 2000-1 Letter of Credit, promptly following
the Trustee's receipt of written notice from DTAG, individually and on behalf of
the  Lessees,  substantially  in the form of  Exhibit  C  hereto,  requesting  a
reduction of the Series 2000-1 Letter of Credit Amount (as defined in the Series
2000-1  Letter  of  Credit),  and in no event  more than two (2)  Business  Days
following  the date of its receipt of such notice,  the Trustee shall deliver to
the Series  2000-1  Letter of Credit  Provider a Notice of  Reduction  of Series
2000-1  Letter  of  Credit  Amount  substantially  in the form of Annex D to the
Series 2000-1 Letter of Credit,  which,  upon the Series 2000-1 Letter of Credit
Provider's written acknowledgment and agreement, shall effect a reduction in the
Series  2000-1  Letter of Credit  Amount as  provided  in such Notice (and shall
automatically  effect a reduction of the Series  2000-1  Letter of Credit Amount
hereunder).   Upon  the  Series  2000-1  Letter  of  Credit  Provider's  written
acknowledgment and agreement with each such Notice of Reduction of Series 2000-1
Letter of Credit  Amount,  the  Series  2000-1  Letter of Credit  Provider  will
provide  promptly copies thereof to each of the Trustee and each Managing Agent.
Upon the  Trustee's  written  acknowledgment  and  acceptance  of each Notice of
Increase of Series 2000-1 Letter of Credit Amount  (substantially in the form of
Annex E to the  Series  2000-1  Letter of  Credit),  the  Trustee  will  provide
promptly  copies thereof to each of the Series 2000-1 Letter of Credit  Provider
and each Managing Agent.

         (b)  If a  successor  Trustee  is  appointed,  promptly  following  the
appointment of such successor Trustee pursuant to the terms of the Series 2000-1
Supplement and upon receipt of an Instruction to Transfer  substantially  in the
form of Annex F to the Series 2000-1 Letter of Credit,  the Series 2000-1 Letter
of Credit  Provider shall deliver for the benefit of such successor  Trustee and
the current  Trustee,  in exchange for the  outstanding  Series 2000-1 Letter of
Credit,  a substitute  letter of credit  substantially  in the form of Exhibit A
hereto,  having terms identical to the then outstanding  Series 2000-1 Letter of
Credit but in favor of such successor Trustee.

         (c) If the Lessees  wish to extend the Series  2000-1  Letter of Credit
Expiration  Date for purposes of this  Agreement and the Series 2000-1 Letter of
Credit,  DTAG (on behalf of the Lessees)  shall give the Series 2000-1 Letter of
Credit  Provider and the  Administrative  Agent written notice in the form of an
Issuance  Request (as defined in the Credit  Agreement)  to such effect not more
than 75 days and not less  than 45 days  prior to the date  that is three  years
from the Series  2000-1  Closing  Date (or if such day is not a Business Day (as
defined in the Credit  Agreement) then on the next  succeeding  Business Day (as
defined in the Credit  Agreement))  and thereafter not more than 75 days and not
less than 45 days  prior to each subsequent  one-year anniversary  of the Series

                                       -5-

<PAGE>

2000-1 Closing Date, provided, however, that the  additional  term of the Series
2000-1 Letter of Credit may not extend beyond the earlier of (i) two years  from
its date of extension and  (ii) the Commitment  Termination  Date (as defined in
the Credit Agreement) in effect  at the time of  such  extension.  If the Series
2000-1 Letter of Credit Expiration Date is so extended, the Series 2000-1 Letter
of Credit  Provider shall either (i) issue to  the  Trustee in exchange  for and
upon receipt of the then outstanding Series 2000-1 Letter of Credit a substitute
letter of credit having terms identical to  the then  outstanding  Series 2000-1
Letter of Credit  but expiring on the Series  2000-1 Letter of Credit Expiration
Date, as so  extended,  or (ii) deliver  to the Trustee an amendment to the then
outstanding  Series  2000-1 Letter  of Credit to  reflect such  extension of the
Series 2000-1 Letter of Credit Expiration Date.

         (d) If the  conditions  to the extension of the Series 2000-1 Letter of
Credit  Expiration  Date  pursuant to paragraph (c) of this Section 2.1 that are
set  forth in  Section  6.2 of the  Credit  Agreement  and  Section  2.7 of this
Agreement are not satisfied (or waived) on the fortieth day preceding the Series
2000-1  Letter of Credit  Expiration  Date then in effect,  each of the  Lessees
shall use their best efforts to obtain a successor  institution to act as Series
2000-1 Letter of Credit  Provider or, in the  alternative,  to otherwise  credit
enhance the Master Lease payments to be made by the Lessees with (1) the funding
of the Series  2000-1  Cash  Collateral  Account  with cash in the amount of the
Series 2000-1 Letter of Credit Amount  immediately prior to any drawing referred
to in subsection (f) below (whether funded from an LOC Termination  Disbursement
or otherwise),  (2) other cash  collateral  accounts,  overcollateralization  or
subordinated  securities or (3) with the written consent of each Managing Agent,
a surety bond or other similar  arrangements;  provided,  however, that any such
successor institution or other form of substitute credit enhancement referred to
in the  foregoing  clauses  (2) and (3)  shall  be  subject  to (x) the  written
approval of each Managing  Agent if the ratings with respect to such  substitute
credit  enhancement,  if applicable,  are less than "A-1" or the equivalent from
S&P, "P-1" or the equivalent from Moody's;  provided further, however, that only
after all  amounts  then owing to the Series  2000-1  Letter of Credit  Provider
hereunder  have been  paid in full  shall  the  letter of credit  issued by such
successor  bank  or  banks  or  such  other  substitute  credit  enhancement  be
substituted  for the  Series  2000-1  Letter  of  Credit.  If  such a  successor
institution or such other substitute credit enhancement is obtained, each of the
Lessees  and, if  applicable,  such  successor  institution  shall (i) sign such
documents and  instruments  as shall be  appropriate  to evidence such successor
institution's issuance of a substitute letter of credit or such other substitute
credit enhancement, (ii) cause the Trustee to return to the Series 2000-1 Letter
of Credit Provider the then outstanding Series 2000-1 Letter of Credit and (iii)
deliver to the Trustee a substitute  letter of credit having terms  identical to
the then  outstanding  Series 2000-1 Letter of Credit but expiring on the Series
2000-1 Letter of Credit  Expiration  Date as so extended and with such successor
institution  as the  issuer  thereof or deliver  such  other  substitute  credit
enhancement.

         (e) If (i)  DTAG  (on  behalf  of the  Lessees)  does  not  request  an
extension  of the Series  2000-1  Letter of Credit  Expiration  Date or (ii) the
conditions  precedent  to the  extension of the Series  2000-1  Letter of Credit
Expiration  Date pursuant to paragraph (c) of this Section 2.1 are not satisfied
(or waived) and the Lessees do not obtain a successor  Series  2000-1  Letter of
Credit Provider or other substitute  credit  enhancement prior to the date which
is 30 days prior to the Series 2000-1  Letter of Credit  Expiration  Date,  then
DTAG (on behalf of the Lessees) shall immediately notify the Trustee in writing,

                                       -6-

<PAGE>

and the Trustee, pursuant to Section  4.16  of  the  Series  2000-1  Supplement,
shall immediately  request a LOC  Termination  Disbursement  in accordance  with
Section 4.16  of the Series  2000-1 Supplement  no later  than one  Business Day
prior to such Series 2000-1 Letter of Credit  Expiration Date in an amount equal
to the Series 2000-1 Letter of Credit Amount.  The Trustee shall,  in accordance
with Sections 4.16 and 4.17 of the Series 2000-1 Supplement,  deposit the amount
of such LOC  Termination  Disbursement  in the  Series  2000-1  Cash  Collateral
Account and shall use such funds in the same manner as the Series  2000-1 Letter
of Credit would be used hereunder.

         (f) If (i) the  short-term  debt or deposit rating of the Series 2000-1
Letter of Credit Provider shall be downgraded  below "A-1" by S&P or below "P-1"
by Moody's or (ii) the Series 2000-1 Letter of Credit Provider has notified DTAG
(and has not retracted such  notification)  that its compliance  with any of its
obligations hereunder would be unlawful,  each of the Lessees shall use its best
efforts to obtain a  successor  institution  to act as Series  2000-1  Letter of
Credit Provider or, in the  alternative,  to otherwise credit enhance the Master
Lease  payments  to be made by the  Lessees  with (1) the  funding of the Series
2000-1  Cash  Collateral  Account  with cash in the amount of the Series  2000-1
Letter of Credit Amount (whether funded from an LOC Termination  Disbursement or
otherwise),  (2)  other  cash  collateral  accounts,   overcollateralization  or
subordinated securities or (3) with the consent of each Managing Agent, a surety
bond or  other  similar  arrangements;  provided,  however,  that  (x) any  such
successor institution or such other substitute credit enhancement referred to in
the foregoing  clauses (2) and (3) shall be approved by each Managing Agent, and
(y) only after all  amounts  then owing to the  Series  2000-1  Letter of Credit
Provider  hereunder  have been paid in full shall the letter of credit issued by
such  successor  bank or banks or such other  substitute  credit  enhancement be
substituted  for the  Series  2000-1  Letter of  Credit.  If the  Lessees do not
replace the Series  2000-1  Letter of Credit  Provider  within 60 days after the
occurrence  of any of the  events  specified  in  subclause  (i) or (ii) of this
clause (e),  then DTAG (on behalf of the  Lessees)  shall  notify the Trustee in
writing,  and  the  Trustee,  pursuant  to  Section  4.16 of the  Series  2000-1
Supplement,  shall  immediately  request  an  LOC  Termination  Disbursement  in
accordance with Sections 4.16 of the Series 2000-1 Supplement in an amount equal
to the Series 2000-1 Letter of Credit Amount.  The Trustee shall,  in accordance
with Sections 4.16 and 4.17 of the Series 2000-1 Supplement,  deposit the amount
of such LOC  Termination  Disbursement  into the Series  2000-1 Cash  Collateral
Account and shall use such funds in the same manner as the Series  2000-1 Letter
of Credit would be used hereunder.

         (g) In the event that (i) the Series 2000-1  Letter of Credit  Provider
shall have notified DTAG (and shall not have retracted such  notification)  that
its compliance with any of its obligations hereunder or under the related Series
2000-1  Letter of Credit would be  unlawful,  (ii) the Series  2000-1  Letter of
Credit  Provider  fails to extend its Series 2000-1 Letter of Credit  Expiration
Date  pursuant to Section  2.1(c),  (iii) any of the Lessees or DTAG is required
pursuant to Sections  5.1,  5.3, 5.5 or 5.6 of the Credit  Agreement to make any
payment to or on behalf of the Series 2000-1 Letter of Credit Provider (or would
be so  required  on or  prior  to the next  following  date on  which a  payment
hereunder  is  required to be made to or for any such  Series  2000-1  Letter of
Credit  Provider),  (iv) the Series 2000-1 Letter of Credit  Provider shall have
wrongfully failed to fund any LOC Credit  Disbursement when required  hereunder,
or (v) the  short-term  debt or deposit  rating of the Series  2000-1  Letter of
Credit  Provider  shall  be  downgraded  below "A-1"  by S&P  or below  "P-1" by

                                       -7-

<PAGE>

Moody's, then the Lessees shall have the right at their own expense, upon notice
to the Series 2000-1 Letter of Credit Provider, and such Series 2000-1 Letter of
Credit  Provider hereby  agrees,  to transfer  and assign  without recourse  (in
accordance  with and subject to the  restrictions  contained in Section 4.9 with
respect to assignments) all the interests,  rights and obligations of the Series
2000-1 Letter of Credit Provider to a replacement Series 2000-1 Letter of Credit
Provider  (having a short-term  debt or deposit  rating of at least "A-1" by S&P
and "P-1" by  Moody's)  provided by DTAG (on behalf of the  Lessees);  provided,
however,  that (w) no such assignment to any replacement Series 2000-1 Letter of
Credit  Provider shall  conflict with any law, rule,  regulation or order of any
Governmental  Authority,  (x) such assignment to any  replacement  Series 2000-1
Letter of Credit Provider shall be without recourse, representation and warranty
and shall be on terms  and  conditions  reasonably  satisfactory  to the  Series
2000-1 Letter of Credit  Provider and such  replacement  Series 2000-1 Letter of
Credit Provider,  (y) the purchase price paid by such replacement  Series 2000-1
Letter of Credit Provider shall be in an amount equal to the aggregate amount of
the LOC Credit Disbursements owed by the Lessees or DTAG to such replaced Series
2000-1  Letter of Credit  Provider  under this  Agreement as of the date of such
assignment,  and (z) DTAG (on behalf of the Lessees) or such replacement  Series
2000-1 Letter of Credit Provider, as the case may be, shall pay to such replaced
Series  2000-1  Letter of Credit  Provider in same day funds on the date of such
assignment  the principal of and interest  accrued to the date of payment on the
LOC Credit  Disbursements or LOC Termination  Disbursement made by such replaced
Series 2000-1 Letter of Credit Provider  hereunder and all other amounts accrued
for such replaced Series 2000-1 Letter of Credit  Provider's  account or owed to
it  hereunder,  including  those  amounts  owed  pursuant to Section 2.4 of this
Agreement and Sections 5.1, 5.3, 5.5 and 5.6 of the Credit  Agreement (which are
incorporated  herein);  provided further,  however,  that only after all amounts
then  owing to the  Series  2000-1  Letter of  Credit  Provider  to be  replaced
hereunder have been paid in full shall the Series 2000-1 Letter of Credit issued
by the  replacement  Series 2000-1 Letter of Credit  Provider be substituted for
the Series 2000-1 Letter of Credit Provider's Series 2000-1 Letter of Credit. If
such a  replacement  Series  2000-1  Letter of Credit is  obtained,  each of the
Lessees  and,  if  applicable,  such  successor  institution,  shall  sign  such
documents and  instruments  as shall be  appropriate  to evidence such successor
institution's issuance of a substitute letter of credit or such other substitute
credit  enhancement.  If a replacement  Series 2000-1 Letter of Credit  Provider
succeeds the Series 2000-1 Letter of Credit Provider or other substitute  credit
enhancement is obtained to replace the Series 2000-1 Letter of Credit,  then the
Lessees and, if  applicable,  such  successor  institution,  shall (a) sign such
documents and  instruments  as shall be  appropriate  to evidence such successor
institution's issuance of a substitute letter of credit or such other substitute
credit  enhancement,  (b) cause the return to the Series 2000-1 Letter of Credit
Provider of the then outstanding Series 2000-1 Letter of Credit, and (c) deliver
to the Trustee a substitute  letter of credit having terms identical to the then
outstanding  Series 2000-1 Letter of Credit but with such successor  institution
as the issuer thereof or deliver such other substitute credit enhancement.  DTAG
shall provide prompt written notice to each Managing Agent of the appointment of
any such successor institution in accordance with the terms of this Agreement.

         Section 2.2 Disbursements.  (a) Upon presentation by the Trustee to the
Series 2000-1  Letter of Credit Provider of a certificate in the form of Annex A
to the Series 2000-1 Letter of Credit, and  subject to the terms and  conditions

                                       -8-

<PAGE>

set forth in the Series 2000-1 Letter of  Credit,  the Series  2000-1  Letter of
Credit  Provider  shall make  a disbursement  in an  amount equal to  the  draft
accompanying such certificate (such amount being the "LOC Credit  Disbursement")
at the time,  in the manner and to the account  specified  in the Series  2000-1
Letter of Credit.

         (b) Upon  presentation  by the Trustee to the Series  2000-1  Letter of
Credit  Provider of a  certificate  in the form of Annex B to the Series  2000-1
Letter of  Credit,  and  subject  to the terms and  conditions  set forth in the
Series  2000-1 Letter of Credit,  the Series  2000-1  Letter of Credit  Provider
shall make an LOC Termination Disbursement at the time, in the manner and to the
account specified in the Series 2000-1 Letter of Credit.

         Section 2.3 Reimbursement.  (a) Each Lessee agrees to pay to the Series
2000-1 Letter of Credit  Provider on demand (which demand may be made on DTAG on
behalf of the Lessees) on and after each date on which the Series  2000-1 Letter
of Credit Provider shall pay any LOC Credit Disbursement under the Series 2000-1
Letter of Credit in respect of Series 2000-1 Lease Payment  Losses  allocated to
making a drawing under the Series  2000-1 Letter of Credit,  (A) an amount equal
to the  portion of such LOC Credit  Disbursement  allocable  to amounts  due and
payable by such Lessee under the Master Lease (as  determined by the Trustee or,
in the  absence  of such  determination,  the  Series  2000-1  Letter  of Credit
Provider),  plus (B) interest on any amount  remaining  unpaid by such Lessee to
the Series 2000-1 Letter of Credit  Provider  under clause (A) above,  from (and
including)  the date such amount is paid by the Series  2000-1  Letter of Credit
Provider  under the Series 2000-1 Letter of Credit until payment in full thereof
(after as well as before  judgment),  in accordance with the terms of the Credit
Agreement (which terms are incorporated herein by reference). DTAG agrees to pay
to the Series 2000-1 Letter of Credit  Provider on demand on and after each date
on which the Series  2000-1 Letter of Credit  Provider  shall pay any LOC Credit
Disbursement  under the Series 2000-1 Letter of Credit allocable to amounts owed
by DTAG under the Demand Note (as  determined  by the Trustee or, in the absence
of such  determination,  the Series  2000-1  Letter of Credit  Provider)  (A) an
amount equal to the portion of such LOC Credit  Disbursement so allocable,  plus
(B) interest on any amount  remaining unpaid by DTAG to the Series 2000-1 Letter
of Credit  Provider  under  the  immediately  preceding  clause  (A),  from (and
including)  the date such amount is paid by the Series  2000-1  Letter of Credit
Provider  under the Series 2000-1 Letter of Credit until payment in full thereof
(after as well as before  judgment),  in accordance with the terms of the Credit
Agreement (which terms are incorporated herein by reference).

         (b) In the event of a LOC  Termination  Disbursement  under the  Series
2000-1  Letter of Credit in accordance  with Section  2.1(e) or (f), each Lessee
agrees to pay to the Series 2000-1 Letter of Credit Provider an amount equal to:

                  (x)      a  percentage  of the amount of such LOC  Termination
                           Disbursement that is allocable,  as determined by the
                           Trustee or, in the absence of such determination, the
                           Series 2000-1 Letter of Credit  Provider,  to amounts
                           due and payable by such Lessee under the Master Lease
                           (the "Lessee  Termination  Reimbursement  Share") and
                           which in the  aggregate for all such Lessees is equal
                           to 100%;

                                       -9-

<PAGE>

         plus

                  (y)      interest  on  the  Lessee  Termination  Reimbursement
                           Share  allocable to  such Lessee  remaining unpaid by
                           such Lessee  from the  date of  payment  of such  LOC
                           Termination Disbursement by the  Series 2000-1 Letter
                           of  Credit   Provider  until   payment  in   full  of
                           the Lessee  Termination  Reimbursement Share  by such
                           Lessee to the Series 2000-1 Letter of Credit Provider
                           (after  as well as before  judgment),  at a  rate per
                           annum  provided  for  by  the  terms  of  the  Credit
                           Agreement  (which  terms are  incorporated  herein by
                           this reference).

           Each Lessee shall pay its respective  Lessee  Reimbursement  Share of
such LOC Termination Disbursement to the Series 2000-1 Letter of Credit Provider
on the date of such LOC Termination Disbursement in accordance with the terms of
the Credit Agreement (which terms are incorporated herein by this reference).

         (c) Until the Series 2000-1 Letter of Credit Provider is reimbursed for
such LOC Termination  Disbursement,  the Series 2000-1 Letter of Credit Provider
may direct in writing the  investment in Permitted  Investments  of the funds in
the Series 2000-1 Cash Collateral Account from such LOC Termination Disbursement
made under  Section  2.1(e) or (f) and shall be entitled to receive the earnings
thereon when such earnings are realized (the term "earnings" to include interest
payable  by each  Lessee  on  amounts  withdrawn  from the  Series  2000-1  Cash
Collateral  Account)  from such  investments  from time to time from the  Series
2000-1 Cash Collateral  Account in accordance with the following  subsection (d)
and  Sections   4.17(c)  and  (d)  of  the  Series  2000-1   Supplement.   After
reimbursement of the Series 2000-1 Letter of Credit Provider for the full amount
of the LOC  Termination  Disbursement,  DTAG (on behalf of the  Lessees as their
interests may appear),  may direct  investment in Permitted  Investments  of the
funds on deposit in the  Series  2000-1  Cash  Collateral  Account  and shall be
entitled to receive the earnings thereon from such investments from time to time
from releases of excess amounts from the Series 2000-1 Cash  Collateral  Account
in  accordance  with  subsection  (d) below and Sections  4.17(c) and (d) of the
Series 2000-1 Supplement.

         (d) Earnings  from  investments  in the Series  2000-1 Cash  Collateral
Account shall be paid first to the Series  2000-1  Letter of Credit  Provider to
the extent accruing on the amount of an LOC Termination  Disbursement made under
Section  2.1(e) or (f) until the earlier of the date the Series 2000-1 Letter of
Credit  Provider is reimbursed  for such amount or the date  interest  begins to
accrue on the full amount of such LOC Termination  Disbursement  and then to the
related Lessee.  Any amounts (other than earnings on investments)  released from
the Series 2000-1 Cash Collateral  Account in accordance with Section 4.17(d) of
the Series 2000-1 Supplement shall be paid to the Series 2000-1 Letter of Credit
Provider to the extent the Series 2000-1 Letter of Credit  Provider has not been
fully  reimbursed  by the Lessees  under  clauses (a), (b) and (c) above for LOC
Credit  Disbursements or a LOC Termination  Disbursement.  Upon reimbursement in
full to the  Series  2000-1  Letter of Credit  Provider  of  amounts  owed under
clauses (a), (b) and (c) above,  amounts  released  from the Series  2000-1 Cash
Collateral  Account in  accordance  with  Section  4.17(d) of the Series  2000-1
Supplement shall be paid to the Lessees.

                                      -10-

<PAGE>

         (e) After a LOC Termination Disbursement has been made, any withdrawals
made by the Trustee from the Series 2000-1 Cash Collateral Account in respect of
Series 2000-1 Lease  Payment  Losses (as notified to RCFC and the Lessees by the
Trustee  pursuant  to Section  4.14 of the Series  2000-1  Supplement)  shall be
reimbursed  to the Series  2000-1 Cash  Collateral  Account in  accordance  with
Section 4.7 of the Series 2000-1 Supplement.

         Section  2.4 Series  2000-1  Letter of Credit Fees and  Expenses.  This
Agreement hereby incorporates by reference as though fully set forth herein, all
provisions  of the Credit  Agreement on the fees and expenses due and payable to
the Series 2000-1 Letter of Credit  Provider in connection  with issuance of the
Series 2000-1 Letter of Credit including,  without limitation,  Sections 3.3 and
4.3 thereof,  and Dollar,  Thrifty and DTAG each hereby  agrees to pay such fees
and expenses pursuant to and in the manner provided in the Credit Agreement.

         Section 2.5 No Liability of Series  2000-1  Letter of Credit  Provider.
Each of the Lessees and DTAG each  acknowledges that the Series 2000-1 Letter of
Credit  Provider is not  responsible  for any risks of acts or  omissions of the
Trustee and any other  beneficiary  or transferee of the Series 2000-1 Letter of
Credit with respect to its use of the Series  2000-1  Letter of Credit.  Neither
the Series 2000-1 Letter of Credit Provider nor any of its respective employees,
officers or directors shall be liable or responsible  for: (a) the use which may
be made of the Series  2000-1  Letter of Credit or any acts or  omissions of the
Trustee  and  any  transferee  in  connection  therewith;  (b) the  validity  or
genuineness of documents,  or of any endorsement thereon, even if such documents
should prove to be in any or all respects  invalid,  fraudulent  or forged;  (c)
payment by the Series 2000-1 Letter of Credit Provider  against  presentation of
documents  which do not  comply  with the terms of the Series  2000-1  Letter of
Credit,  including  failure of any  documents to bear any  reference or adequate
reference to the Series 2000-1 Letter of Credit; or (d) any other  circumstances
whatsoever  in making or failing to make payment  under the Series 2000-1 Letter
of Credit;  provided,  however, that the Series 2000-1 Letter of Credit Provider
shall be  liable to each  Lessee to the  extent of any  direct,  as  opposed  to
consequential,  damages  suffered  by such  Lessee  which were caused by (i) the
Series 2000-1 Letter of Credit Provider's willful misconduct or gross negligence
in determining  whether  documents  presented  under the Series 2000-1 Letter of
Credit  comply with the terms of the Series  2000-1 Letter of Credit or (ii) the
Series 2000-1 Letter of Credit Provider's gross negligence in failing to make or
willful  failure to make lawful payment under the Series 2000-1 Letter of Credit
after the  presentation  to the Series 2000-1  Letter of Credit  Provider by the
Trustee of a certificate strictly complying with the terms and conditions of the
Series  2000-1  Letter of Credit.  In  furtherance  and not in limitation of the
foregoing, the Series 2000-1 Letter of Credit Provider may accept documents that
appear  on  their  face  to be in  order,  without  responsibility  for  further
investigation.

         Section 2.6 Surrender of Series 2000-1 Letter of Credit.  Provided that
the Series  2000-1  Letter of Credit  Provider is not then in default  under the
Series  2000-1  Letter of Credit by reason of its  having  wrongfully  failed to
honor a demand  for  payment  previously  made by the  Trustee  under the Series
2000-1  Letter of Credit,  the Series  2000-1  Letter of Credit  Provider  shall
instruct  the Trustee to  surrender  the Series  2000-1  Letter of Credit to the
Series 2000-1 Letter of Credit Provider on the earliest of (i) the Series 2000-1
Letter of Credit  Expiration  Date,  (ii) the date on which  the  Series  2000-1
Letter of Credit Provider  honors a Certificate of  Termination Demand presented

                                      -11-

<PAGE>

under the  Series 2000-1  Letter of Credit  to the extent  of the Series  2000-1
Letter of Credit  Amount as in effect on such date,  and (iii) the date on which
the Series 2000-1 Letter of Credit  Provider  receives  written  notice from the
Trustee that a letter of credit or other credit enhancement has been substituted
for the Series 2000-1 Letter of Credit.

         Section 2.7  Conditions  Precedent to Issuance,  Increase or Extension.
(a) The  following  constitute  conditions  precedent to the  obligation  of the
Series  2000-1  Letter of Credit  Provider to issue the Series  2000-1 Letter of
Credit  (provided,  that such conditions will be deemed to be satisfied upon the
issuance of the Series 2000-1 Letter of Credit):

         (i) On the date of issuance of the Series 2000-1 Letter of Credit, each
condition  precedent to the issuance of the Series  2000-1  Letter of Credit set
forth  in  Section  6.2  of the  Credit  Agreement  shall  be  satisfied  (which
conditions are hereby incorporated herein by this reference).

         (ii) On the date of issuance of the Series 2000-1 Letter of Credit, all
representations and warranties of each of the Lessees and DTAG contained in this
Agreement and in each other Related Document to which any of the Lessees or DTAG
is a party  shall be true and  correct  immediately  prior to, and after  giving
effect to, the issuance of the Series 2000-1 Letter of Credit.

         (iii) On the date of  issuance of the Series  2000-1  Letter of Credit,
and after giving effect to the  transactions  contemplated by this Agreement and
the Series  2000-1  Letter of Credit,  there shall exist no  Potential  Event of
Default or Event of Default under this Agreement.

         (iv) The Series  2000-1 Letter of Credit  Provider  shall have received
(i) the favorable  written opinions of counsel to each of the Lessees,  DTAG and
RCFC, dated the Series 2000-1 Closing Date,  covering such matters as the Series
2000-1  Letter of Credit  Provider may  reasonably  request,  (ii) copies of any
representation letters or certificates (or similar documents) provided to any of
the Managing  Agents,  the Trustee,  any of the Lessees,  DTAG or RCFC and (iii)
copies of all opinions delivered to the Managing Agents, as an addressee or with
reliance letters.

         (v) The Series  2000-1  Letter of Credit  Provider  shall have received
from each of the Lessees and DTAG (i) a copy of the  resolutions of its Board of
Directors or other  governing  body,  certified as of the Series 2000-1  Closing
Date by the secretary or assistant secretary thereof, authorizing the execution,
delivery and performance of this Agreement (if applicable) and the other Related
Documents  (and the  procurement of the Series 2000-1 Letter of Credit) and (ii)
an incumbency certificate thereof with respect to its officers,  agents or other
representatives  authorized to execute this  Agreement (if  applicable)  and the
Related Documents to which it is a party.

         (vi) The Series  2000-1 Letter of Credit  Provider  shall be reasonably
satisfied with the final terms and conditions of the  transactions  contemplated
hereby,  including,  without limitation,  all legal and tax aspects thereof, and
all  documentation  relating to the transactions  shall be in form and substance
reasonably satisfactory to the Series 2000-1 Letter of Credit Provider.

                                      -12-

<PAGE>

         (vii) On the date of  issuance of the Series  2000-1  Letter of Credit,
immediately  prior to, and after  giving  effect to, the  issuance of the Series
2000-1  Letter of  Credit,  except as  disclosed  in Item 7.7 of the  Disclosure
Schedule (as defined in the Credit  Agreement)  there shall be no action,  suit,
investigation,  litigation or proceeding pending against or, to the knowledge of
DTAG or any Lessee,  threatened  against or affecting any of DTAG or any Lessee,
before any court or arbitrator or any governmental body, agency or official that
(A) would be reasonably  likely to have resulted in a material adverse change in
the business, operations, property, assets, liabilities, condition (financial or
otherwise),  or  prospects  of DTAG and the  Lessees,  taken  as a whole,  since
December  31,  1999,  as the case may be, or (B) which in any manner  draws into
question  the  legality,  validity or  enforceability  of this  Agreement or any
Related Document,  the consummation of the transactions  contemplated hereby, or
the  ability of DTAG or any Lessee to comply  with any of the  respective  terms
thereunder.

         (viii)  All   governmental  and  third  party  consents  and  approvals
necessary in  connection  with this  Agreement  and the Series  2000-1 Letter of
Credit or the  transactions  contemplated  hereby  or  thereby  shall  have been
obtained  (without  the  imposition  of any  conditions  that  are  not,  in its
reasonable judgment,  acceptable to the Series 2000-1 Letter of Credit Provider)
and shall remain in effect;  all applicable  waiting  periods shall have expired
without  any  action  being  taken  by any  competent  authority;  and no law or
regulation  shall be applicable that restrains,  prevents or imposes  materially
adverse  conditions upon this Agreement or the Series 2000-1 Letter of Credit or
the transactions contemplated hereby or thereby.

         (ix) The Series  2000-1 Letter of Credit  Provider  shall have received
such other  documents  (including,  without  limitation,  an  executed  copy (or
duplicate  thereof) of each other Related Document)  certificates,  instruments,
approvals  or  opinions  as the  Series  2000-1  Letter of Credit  Provider  may
reasonably request.

         (x) The  following  shall be true and  correct  (and the Series  2000-1
Letter of Credit  Provider  shall  have  received a  certificate  of each of the
Lessees and RCFC as to the following):

                  (A) Each Eligible Vehicle Disposition Program shall be in full
         force and effect and enforceable against the related Manufacturer.

                  (B)  Each  of the  Lessees  and  RCFC  shall  not  have  sold,
         assigned,  or otherwise  encumbered  any of the  Vehicles  purchased or
         otherwise  financed with the proceeds of the Series 2000-1 Notes except
         as permitted under the Related Documents.

                  (C) RCFC and the  Lessees  shall  each  have  assigned  to the
         Master  Collateral  Agent a first  priority  security  interest  in its
         rights  under the  Eligible  Vehicle  Disposition  Programs and amounts
         receivable  from the  Manufacturers  pursuant to the  Eligible  Vehicle
         Disposition Programs.

         (xi)  RCFC and the  Lessees  shall  each  have  granted  to the  Master
Collateral  Agent, for the benefit of the Trustee on behalf of the Series 2000-1
Noteholders, a first priority security interest in all Vehicles now or hereafter

                                      -13-

<PAGE>

purchased or otherwise financed with the  proceeds of the Series 2000-1 Notes in
accordance  with the terms of the Series 2000-1 Supplement.

         (xii) The Series 2000-1 Letter of Credit  Provider shall have consented
to the  composition  of the Board of  Directors of RCFC  (including  each of the
Independent Directors), which consent shall not be unreasonably withheld.

         (xiii) The Series 2000-1 Letter of Credit  Provider shall have received
any fees and expenses due and payable pursuant to Section 4.2 or pursuant to the
Credit Agreement, including, without limitation, pursuant to Section 3.3 and 4.3
thereof, and all reasonable legal fees and expenses.

         (b) The following constitute  conditions precedent to the obligation of
the Series 2000-1  Letter of Credit  Provider to extend the Series 2000-1 Letter
of  Credit  Expiration  Date or  increase  the  Series  2000-1  Letter of Credit
Commitment  (provided that such  conditions  will be deemed to be satisfied upon
such extension or increase with respect to the Series 2000-1 Letter of Credit):

                  (i) On the  date of  extension  or  increase,  each  condition
         precedent  to the  issuance of the Series  2000-1  Letter of Credit set
         forth in  Section  6.2 of the Credit  Agreement  shall  continue  to be
         satisfied  (which  conditions  are hereby  incorporated  herein by this
         reference).

                  (ii) On the date of extension or increase  with respect to the
         Series 2000-1 Letter of Credit, all  representations  and warranties of
         each of the Lessees and DTAG  contained in this  Agreement  and in each
         other  Related  Document to which any of the Lessees or DTAG is a party
         shall be true and correct immediately prior to, and after giving effect
         to, the  extension or increase with respect to the Series 2000-1 Letter
         of Credit.

                  (iii) On the date of extension or increase with respect to the
         Series  2000-1  Letter  of  Credit,  and  after  giving  effect  to the
         transactions  contemplated  by this  Agreement  and the  Series  2000-1
         Letter of Credit,  there shall exist no  Potential  Event of Default or
         Event of Default under this Agreement.

                  (iv) On the date of extension or increase  with respect to the
         Series 2000-1 Letter of Credit,  immediately prior to, and after giving
         effect to, the  extension or increase with respect to the Series 2000-1
         Letter of Credit,  except as  disclosed  in Item 7.7 of the  Disclosure
         Schedule  (as  defined  in the  Credit  Agreement),  there  shall be no
         action, suit,  investigation,  litigation or proceeding pending against
         or, to the  knowledge  of DTAG or any  Lessee,  threatened  against  or
         affecting any of DTAG or any Lessee,  before any court or arbitrator or
         any governmental  body, agency or official that (A) would be reasonably
         likely to have resulted in a material  adverse  change in the business,
         operations,  property,  assets,  liabilities,  condition  (financial or
         otherwise),  or prospects  of DTAG and the  Lessees,  taken as a whole,
         since December 31, 1999, or (B) which in any manner draws into question
         the  legality,  validity or  enforceability  of this  Agreement  or any
         Related  Document,  the consummation  of the  transactions contemplated

                                                      -14-

<PAGE>

         hereby, or  the ability of DTAG or any Lessee to comply with any of the
         respective terms thereunder.

                  (v) All  governmental  and third-party  consents and approvals
         necessary  in  connection  with this  Agreement  and the Series  2000-1
         Letter of Credit or the  transactions  contemplated  hereby or  thereby
         shall  continue  to  be  in  effect  (without  the  imposition  of  any
         conditions that are not, in its reasonable judgment,  acceptable to the
         Series  2000-1  Credit  Provider);  and no law or  regulation  shall be
         applicable  that  restrains,  prevents  or imposes  materially  adverse
         conditions upon this Agreement or the Series 2000-1 Letter of Credit or
         the transactions contemplated hereby or thereby.

                  (vi) The Series  2000-1 Letter of Credit  Provider  shall have
         received  such  other  documents  (including,  without  limitation,  an
         executed  copy (or duplicate  thereof) of each other Related  Document)
         certificates,  instruments,  approvals or opinions as the Series 2000-1
         Letter of Credit Provider may reasonably request.

                  (vii) The following  shall be true and correct (and the Series
         2000-1 Letter of Credit  Provider  shall have received a certificate of
         each of the Lessees and RCFC as to the following):

                                    (A)  Each   Eligible   Vehicle   Disposition
                  Program shall be in full force and effect, enforceable against
                  the related Manufacturer.

                                    (B) Each of the  Lessees  and RCFC shall not
                  have  sold,  assigned,  or  otherwise  encumbered  any  of the
                  Vehicles  purchased or otherwise financed with the proceeds of
                  the Series 2000-1 Notes except as permitted  under the Related
                  Documents.

                                    (C)  The  Master   Collateral   Agent  shall
                  continue  to have a first  priority  security  interest in the
                  rights  of RCFC and the  Lessees  under the  Eligible  Vehicle
                  Disposition   Programs   and  amounts   receivable   from  the
                  Manufacturers  pursuant to the  Eligible  Vehicle  Disposition
                  Programs.

                  (viii) The Master  Collateral  Agent,  for the  benefit of the
         Series  2000-1  Noteholders,  shall  continue to have a first  priority
         security  interest (as granted by RCFC and the Lessees) in all Vehicles
         now or hereafter  purchased or otherwise  financed with the proceeds of
         the  Series  2000-1  Notes in  accordance  with the terms of the Series
         2000-1 Supplement.

                  (ix)  The  Series  2000-1  Letter  of  Credit  Provider  shall
         continue to consent to the  composition  of the Board of  Directors  of
         RCFC (including the Independent Directors),  which consent shall not be
         unreasonably withheld.

                  (x) The Series  2000-1  Letter of Credit  Provider  shall have
         received any fees and expenses due and payable  pursuant to Section 4.2
         or pursuant  to the  Credit  Agreement  including,  without limitation,

                                      -15-

<PAGE>

         pursuant to Section 3.3 and 4.3 thereof,  and all reasonable legal fees
         and expenses.

         Section 2.8 Certain  Eurocurrency  Rate and Other  Provisions under the
Credit  Agreement.  This Agreement  hereby  incorporates  by reference as though
fully set forth herein all  provisions  of the Credit  Agreement set forth under
Sections 5.1 through 5.10 thereof, including,  without limitation, as if the LOC
Disbursements referred to herein were Loans (as defined in the Credit Agreement)
under the Credit Agreement.

         Section 2.9  Obligation  Absolute.  The payment  obligations of each of
DTAG and each Lessee under this Agreement and any other  agreement or instrument
relating to the Series  2000-1  Letter of Credit to reimburse  the Series 2000-1
Letter  of  Credit  Provider  with  respect  to each LOC  Disbursement  shall be
absolute,   unconditional  and  irrevocable,  and  shall  be  paid  strictly  in
accordance  with  the  terms  of this  Agreement  and such  other  agreement  or
instrument under all circumstances, including, without limitation, the following
circumstances:

                  (a)  any lack of validity or enforceability of this Agreement,
         the Series 2000-1 Letter of Credit or any other Related Document;

                  (b) any change in the time,  manner or place of payment of, or
         in any other terms of, all or any of the  obligations of either of DTAG
         or any Lessee in respect of the Series  2000-1  Letter of Credit or any
         other  amendment or waiver of or any consent to  departure  from all or
         any of the Related Documents;

                  (c) the  existence  of any  claim,  set-off,  defense or other
         right which  either of DTAG or any Lessee may have at any time  against
         the Trustee or any other  beneficiary  or any  transferee of the Series
         2000-1  Letter of  Credit  (or any  persons  or  entities  for whom the
         Trustee, any such beneficiary or any such transferee may be acting), or
         any other person or entity,  whether in connection with this Agreement,
         the transactions contemplated hereby or by the Related Documents or any
         unrelated transaction;

                  (d) any statement or any other  document  presented  under the
         Series  2000-1  Letter of Credit  proving to be forged,  fraudulent  or
         invalid  in any  respect  or any  statement  therein  being  untrue  or
         inaccurate in any respect;

                  (e) any  statement or  any other document  presented under the
         Series  2000-1  Letter of  Credit  proving  to be  insufficient  in any
         respect;

                  (f)  payment by the Series  2000-1  Letter of Credit  Provider
         under the Series  2000-1  Letter of Credit  against  presentation  of a
         draft or certificate which does not comply with the terms of the Series
         2000-1 Letter of Credit;

                  (g) any exchange, release or non-perfection of any collateral,
         or any release  or amendment or waiver of or  consent to departure from

                                      -16-

<PAGE>

         any guarantee,  for all or any  of the obligations  of each of DTAG and
         each Lessee in respect of the Series 2000-1 Letter of Credit; or

                  (h) any other circumstance or happening whatsoever, whether or
         not similar to any of the foregoing, including, without limitation, any
         other circumstance that might otherwise  constitute a defense available
         to, or a discharge of, DTAG, any Lessee or a guarantor.

         Section 2.10  Events of Default. Upon the occurrence and continuance of
any of the following events (herein referred to as an "Event of Default"):

                  (a) any Lessee (or DTAG on behalf of such  Lessee)  shall fail
         to pay any LOC Credit  Disbursement owing by such Lessee or any amounts
         owing by such Lessee for LOC Termination Disbursements on the date when
         such amount is due;

                  (b) any  Lessee (or DTAG on behalf of any such  Lessee)  shall
         fail to pay any  interest,  fees or other  amounts  payable  under this
         Agreement or the Credit  Agreement,  in each case within three Business
         Days of the date when such interest, fees or other amounts are due;

                  (c) any representation,  warranty,  certification or statement
         made by any  Lessee,  RCFC or DTAG in this  Agreement  or in any  other
         Related Document to which it is a party, or any certificate,  financial
         statement or other document  delivered pursuant hereto or thereto shall
         have been  incorrect in any  material  respect when made or deemed made
         and after the expiration of any grace period applicable thereto;

                  (d) RCFC  shall  fail to make any  payment  in  respect of any
         Indebtedness  when due or within any  applicable  grace  period,  which
         Indebtedness  is  in an  outstanding  principal  amount  in  excess  of
         $100,000;

                  (e)  an Event of Bankruptcy  shall have  occurred with respect
to RCFC;

                  (f) any  judgment  or order for the payment of money in excess
         of  $100,000  (to the extent not  covered by  insurance  provided  by a
         carrier that has not disputed  coverage) shall be rendered against RCFC
         and either (i) enforcement proceedings shall have been commenced by any
         creditor  upon such judgment or order or (ii) there shall be any period
         of 20  consecutive  days  during  which a stay of  enforcement  of such
         judgment or order,  by reason of a pending  appeal or otherwise,  shall
         not be in effect;

                  (g)  an Event of  Default (as defined in the Credit Agreement)
         shall have occurred and be continuing (whether or not waived);

                  (h) DTAG shall default in the performance or observance of any
         agreement or covenant contained in Section 2.12;

                                      -17-

<PAGE>

                  (i) any Lessee or DTAG shall  default  in the  performance  or
         observance  of any  other  agreement  or  covenant  contained  in  this
         Agreement not specifically  referred to elsewhere in this Section 2.10,
         and such  default  shall not be cured to the  Series  2000-1  Letter of
         Credit Provider's  reasonable  satisfaction  within a period of 30 days
         from the date on which the Series 2000-1 Letter of Credit  Provider has
         given written notice thereof to such Lessee or DTAG;

                  (j) there  shall occur any default by any Lessee or DTAG under
         any of the Related Documents (other than this Agreement or as otherwise
         provided in this Section 2.10),  which shall not be cured to the Series
         2000-1 Letter of Credit Provider's  reasonable  satisfaction within the
         applicable cure period,  if any, provided for in such Related Document;
         or

                  (k) any Related  Document shall (except in accordance with its
         terms), in whole or in part, terminate,  cease to be effective or cease
         to be the legally  valid,  binding and  enforceable  obligation  of any
         Lessee,  DTAG or RCFC, or any Lessee,  DTAG or RCFC shall,  directly or
         indirectly, contest in any manner such effectiveness, validity, binding
         nature or enforceability;

then,  the  Series  2000-1  Letter of Credit  Provider  may by notice to DTAG on
behalf of the applicable  Lessee or Lessees,  in the case of an Event of Default
caused by or  regarding  any such Lessee or Lessees,  (A) declare (to the extent
not   theretofore   due  and  payable)  the  principal   amount  of  LOC  Credit
Disbursements  outstanding and the Lessee Reimbursement Share of LOC Termination
Disbursements outstanding,  if any, to be due and payable, together with accrued
interest thereon and all other sums payable by such Lessee or Lessees, hereunder
and  thereunder,  whereupon  the  same  shall  become  due and  payable  without
presentment,  demand,  protest,  or further notice of any kind, all of which are
hereby  expressly  waived by such  Lessee or Lessees  and DTAG,  and (B) deem an
amount  equal to any undrawn  portion of the Series  2000-1  Letter of Credit to
have been paid or  disbursed  (notwithstanding  that such amount may not in fact
have been so paid or  disbursed),  and DTAG and the Lessees shall be immediately
obligated to reimburse the Series  2000-1  Letter of Credit  Provider the amount
deemed to have been so paid or disbursed by the Series  2000-1  Letter of Credit
Provider  as if a demand  had been made by the  Series  2000-1  Letter of Credit
Provider to the Lessees  under Section 2.3 hereof and any amounts so received by
the Series 2000-1 Letter of Credit  Provider  shall be maintained and applied in
accordance  with  Section 4.7 of the Credit  Agreement,  and,  in any case,  the
Series 2000-1 Letter of Credit  Provider may take any other action  permitted to
be taken by it hereunder,  under any Related Document or under applicable law or
otherwise;  provided  that if an Event of  Bankruptcy  shall have  occurred with
respect to any Lessee or DTAG all sums payable by the Lessees and DTAG hereunder
shall automatically become and be due and payable, without presentment,  demand,
protest or any notice of any kind, all of which are hereby  expressly  waived by
each of the Lessees and DTAG.

         "Potential   Event  of  Default"  shall  mean,  for  purposes  of  this
Agreement, any occurrence or event which, after notice or lapse of time or both,
would constitute an Event of Default hereunder.

                                      -18-

<PAGE>

         Section 2.11 Grant of Security Interest. As security for the prompt and
complete  payment and  performance  of the  obligations  of DTAG and each of the
Lessees  hereunder to the Series 2000-1 Letter of Credit Provider,  each of DTAG
and  the  Lessees  hereby  acknowledges  and  confirms  its  respective  pledge,
hypothecation,  assignment, transfer and delivery to the Master Collateral Agent
under the  Master  Collateral  Agency  Agreement  for the  benefit of the Series
2000-1  Letter of Credit  Provider  under  Section 2.1 of the Master  Collateral
Agency  Agreement of a  continuing,  second  priority  security  interest in the
Lessee Grantor  Master  Collateral,  whether now existing or hereafter  created,
subject to the terms and  priorities  set forth therein and in the other Related
Documents,   including,  without  limitation,  the  security  interest  in  such
collateral  granted by each of the Lessees  pursuant to the Master  Lease and by
RCFC to the Trustee for the benefit of any Series of Notes outstanding.

         Section 2.12  Guarantee.  The Guarantor  confirms its  guarantee  under
Section  4.10  and  Article  X of the  Credit  Agreement  of,  inter  alia,  the
obligations of the Lessees  hereunder,  including  without  limitation,  (i) the
obligations  of the Lessees to make payments  under this  Agreement and (ii) the
due and  punctual  performance  and  observance  of all the  terms,  conditions,
covenants,  agreements and indemnities of the Lessees under this Agreement,  and
agrees that,  if for any reason  whatsoever,  any Lessee fails to so perform and
observe such terms,  conditions,  covenants,  agreements  and  indemnities,  the
Guarantor will duly and punctually perform and observe the same.

                                   ARTICLE III

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

         Section 3.1  Representations  and  Warranties  of the Lessees and DTAG.
Each of the Lessees hereby  represents and warrants (which  representations  and
warranties  shall be deemed made on the date of  issuance  of the Series  2000-1
Letter of Credit and on the date of each extension (if any) of the Series 2000-1
Letter of Credit  and each  increase  (if any) of the  Series  2000-1  Letter of
Credit  Commitment) to the Series 2000-1 Letter of Credit  Provider (and each of
the  Revolving  Lenders  under the Credit  Agreement),  as to  itself,  and DTAG
represents and warrants (which  representations  and warranties  shall be deemed
made on the date of  issuance of the Series  2000-1  Letter of Credit and on the
date of each  extension  (if any) of the Series 2000-1 Letter of Credit and each
increase  (if any) of the  Series  2000-1  Letter of Credit  Commitment,  to the
Series 2000-1 Letter of Credit Provider (and each of the Revolving Lenders under
the Credit Agreement), as to itself and as to each of the Lessees that:

                  (a)  Authorization;  Enforceability.  Each of the  Lessees and
         DTAG has full power and has taken all necessary  action to authorize it
         to execute,  deliver and perform this  Agreement  and each of the other
         Related  Documents  to  which it is a party in  accordance  with  their
         respective  terms,  and to  consummate  the  transactions  contemplated
         hereby and thereby. This Agreement has been duly executed and delivered
         by each of the Lessees  and DTAG and is, and each of the other  Related
         Documents to which any of the  Lessees or DTAG  is a party is, a legal,

                                      -19-

<PAGE>

         valid  and  binding  obligation  of  any  such  Lessee  and  DTAG,   as
         applicable, enforceable against such Lessee or DTAG  in accordance with
         its terms.

                  (b) Compliance.  The execution,  delivery and performance,  in
         accordance with their respective terms, by each of the Lessees and DTAG
         of this  Agreement and each of the other Related  Documents to which it
         is a  party,  and the  consummation  of the  transactions  contemplated
         hereby  and  thereby,  do not and will  not (i)  require  any  consent,
         approval,   authorization  or  registration  not  already  obtained  or
         effected,  (ii)  violate any  material  law with  respect to any of the
         Lessees  or DTAG,  (iii)  conflict  with,  result  in a breach  of,  or
         constitute a default under the certificate or articles of incorporation
         or by- laws or other organizational  documents of any of the Lessees or
         DTAG or under any material indenture, agreement, or other instrument to
         which any of the Lessees or DTAG is a party or by which its  properties
         may be bound or (iv) result in or require the creation or imposition of
         any Lien upon or with  respect to any  property  now owned or hereafter
         acquired by any of the Lessees except Permitted Liens.

                  (c)  Manufacturer Programs.  No Manufacturer  Event of Default
         has occurred and is continuing.

                  (d)  Lease Representations. The representations and warranties
         made by each of the Lessees in the Master Lease are true and correct in
         all material respects.

                  (e)  Vehicles.  Each  Program  Vehicle  was,  on the  date  of
         purchase  thereof or  thereafter  became,  a Group II Vehicle  that was
         eligible for inclusion under an Eligible Vehicle  Disposition  Program,
         and each  Non-Program  Vehicle was, on the date of purchase  thereof or
         thereafter  became,  a Group II Vehicle  that  qualified as an Eligible
         Vehicle.

                  (f) Representations and Warranties under the Credit Agreement.
         Each of the  representations  and  warranties  of DTAG set forth in the
         Credit Agreement,  including,  without  limitation,  those set forth in
         Sections  7.1 through 7.17  thereof,  is true and correct and is hereby
         incorporated herein by this reference.

         Section 3.2  Affirmative  Covenants of the Lessees and DTAG. So long as
the Series 2000-1 Letter of Credit has not expired or any amount is owing to the
Series 2000-1 Letter of Credit Provider hereunder,  each of the Lessees and DTAG
agrees  that,  unless at any time the Series  2000-1  Letter of Credit  Provider
shall otherwise  expressly consent in writing, it will, and in the case of DTAG,
it will cause each of the Lessees to:

                  (a) Affirmative  Covenants under the Credit Agreement.  Comply
         with each of the  affirmative  covenants  applicable to it set forth in
         the Credit Agreement including,  without limitation, those set forth in
         Section  8.1   thereof,   which   affirmative   covenants   are  hereby
         incorporated herein by this reference.

                                      -20-

<PAGE>

                  (b) Events of Default.  Furnish,  or cause to be  furnished to
         the Series 2000-1 Letter of Credit Provider, as soon as possible but in
         any event within three  Business Days after the occurrence of any Event
         of Default or a  Potential  Event of Default  under this  Agreement,  a
         written statement of the President,  any Vice President, the Treasurer,
         any Assistant  Treasurer,  the Secretary or any Assistant  Secretary of
         DTAG (each, an "Authorized  Officer" of DTAG) or an Authorized  Officer
         of the applicable Lessee, as the case may be, describing such event and
         the  action  that DTAG or the  applicable  Lessee,  as the case may be,
         proposes to take with respect thereto;

                  (c) Certain Information.  Furnish, or cause to be furnished to
         the Series 2000-1 Letter of Credit Provider, promptly upon the delivery
         by  RCFC  to  DTFC,  a copy  of the  financial  information  and  other
         materials  required to be delivered by DTAG to RCFC pursuant to Section
         24.4 of the  Master  Lease  (other  than  the VIN list as  required  by
         Section 24.4(f) of the Master Lease);

                  (d)  Manufacturers.  Furnish,  or cause to be furnished to the
         Series  2000-1  Letter of Credit  Provider,  promptly  after  obtaining
         actual knowledge  thereof,  notice of any Manufacturer Event of Default
         or  termination  or  replacement  of an  Eligible  Vehicle  Disposition
         Program;

                  (e) Other.  Furnish,  or cause to be  furnished  to the Series
         2000-1 Letter of Credit  Provider,  promptly,  from time to time,  such
         other  information,  documents,  or reports  with respect to the Master
         Lease  Collateral  (as defined in the Master Lease) or the condition or
         operations, financial or otherwise, of DTAG or any Lessee as the Series
         2000-1  Letter of  Credit  Provider  may from  time to time  reasonably
         request in order to protect the  interests of the Series  2000-1 Letter
         of Credit  Provider under or as  contemplated  by this Agreement or any
         other Related Document;

                  (f)  Maintenance  of the  Vehicles.  Maintain  and cause to be
         maintained in good repair,  working order,  and  condition,  reasonable
         wear and tear  excepted,  all of the Vehicles in  accordance  with each
         Lessee's  respective  ordinary  business  practices with respect to all
         other vehicles owned thereby and shall use its best efforts to maintain
         the Program  Vehicles as Group II Vehicles  that are  eligible  under a
         Eligible Vehicle  Disposition  Program and the Non-Program  Vehicles as
         Group II Vehicles  that are Eligible  Vehicles,  in each case except to
         the extent that any such failure to comply with such  requirements does
         not, in the aggregate, materially adversely affect the interests of the
         Series 2000-1  Letter of Credit  Provider  under this  Agreement or the
         likelihood of repayment of its obligations hereunder, and, from time to
         time, make or cause to be made all appropriate repairs,  renewals,  and
         replacements with respect to the Vehicles;

                  (g)  Maintenance of Separate  Existence.  Each Lessee and DTAG
         acknowledge  their receipt of a copy of those certain  opinion  letters
         issued by Latham & Watkins dated December 15, 2000 addressing the issue
         of substantive consolidation as it may relate to DTAG and RCFC. Each of
         the  Lessees,  DTAG and RCFC  hereby  agrees to  maintain  in place all
         policies  and  procedures,  and take and  continue  to take all action,
         described in the  factual assumptions set  forth in such opinion letter

                                      -21-

<PAGE>

         and relating to such Person, except as may be confirmed as not required
         in a subsequent or supplemental  opinion of Latham & Watkins addressing
         the issue of  substantive  consolidation as  it may  relate to DTAG and
         RCFC; and

                  (h)  Verification  of Titles.  Upon the  request of the Series
         2000-1  Letter  of  Credit  Provider,  cause a title  check by a Person
         acceptable to the Master Collateral Agent on a reasonable number of the
         Vehicles,  including verification that the titles reflect the pledge to
         the Master  Collateral Agent, and shall cause the results of such title
         check to be  furnished to the Master  Collateral  Agent with a copy for
         the Series 2000-1 Letter of Credit Provider.

         Section 3.3 Negative  Covenants of the Lessees and DTAG. So long as the
Series  2000-1  Letter of Credit  has not  expired or any amount is owing to the
Series 2000-1 Letter of Credit Provider hereunder,  each of the Lessees and DTAG
agrees  that,  unless at any time the Series  2000-1  Letter of Credit  Provider
shall otherwise  expressly  consent in writing,  it will not and, in the case of
DTAG, will not permit any Lessee to:

                  (a) Negative  Covenants  under the Credit  Agreement.  Fail to
         comply with each of the negative  covenants  applicable to it set forth
         in the Credit Agreement including,  without limitation, those set forth
         in  Section  8.2  thereof,   which   negative   covenants   are  hereby
         incorporated herein by this reference.

                  (b) Liens.  Create or permit to exist any Lien with respect to
         the Group II Collateral or the Master Lease Collateral now or hereafter
         existing or acquired, except for Permitted Liens.

                  (c) Use of Vehicles.  Use or authorize the Vehicles to be used
         in any  manner  (i) that  would  make such  Vehicles  that are  Program
         Vehicles  ineligible  for  repurchase  or  sale  under  the  applicable
         Eligible Vehicle Disposition Program,  (ii) for any illegal purposes or
         (iii) that could subject the Vehicles to confiscation.

                                   ARTICLE IV

                                  MISCELLANEOUS

         Section  4.1  Payments.  (a) Unless  otherwise  specified  herein,  all
payments to the Series 2000-1 Letter of Credit Provider  hereunder shall be made
in lawful currency of the United States and in immediately available funds prior
to 11:00  a.m.  (New York City  time) on the date  such  payment  is due by wire
transfer to the Series 2000-1 Letter of Credit  Provider,  Account Name:  Credit
Suisse First Boston, Account No. 903124-01, Account ABA 026-009-179,  Attention:
Trade Services, at the Federal Reserve Bank of New York, or to such other office
or account  maintained  by the Series  2000-1  Letter of Credit  Provider as the
Series 2000-1 Letter of Credit Provider may direct.

                                      -22-

<PAGE>

         (b) Whenever any payment under this Agreement shall be stated to be due
on a day which is not a Business Day, such payment,  unless  otherwise  provided
herein, shall be made on the next succeeding Business Day, and such extension of
time shall in such case be included in computing interest,  commissions or fees,
if any, in connection with such payment.

         (c) Interest  accruing  based on the Base Rate shall be computed on the
basis of the actual  number of days elapsed and a 365 (or, if  applicable,  366)
day year.

         Section 4.2 Expenses.  Each of the Lessees  agrees to pay all costs and
reasonable  expenses  incurred by the Series  2000-1  Letter of Credit  Provider
(including,  without limitation,  reasonable  attorneys' fees and expenses),  if
any, in connection with the preparation, execution and delivery, administration,
enforcement, amendment or waiver of the obligations of the Lessees or DTAG under
this Agreement or any other Related  Document or any other  agreement  furnished
hereto or in connection herewith or in connection with any negotiations  arising
out of any  Potential  Event of Default  under this  Agreement  or any events or
circumstances  that may give rise to a  Potential  Event of  Default  under this
Agreement and with respect to presenting claims in or otherwise participating in
any  bankruptcy,  insolvency or other similar  proceeding  involving  creditors'
rights generally and any ancillary proceedings.

         The Lessees each agree to pay on demand all reasonable  expenses of the
Series  2000-1  Letter  of  Credit  Provider  in  connection  with  the  filing,
recording,  refiling or rerecording  of this  Agreement,  the Related  Documents
and/or  any UCC  financing  statements  relating  thereto  and  all  amendments,
supplements and  modifications to any thereof and any and all other documents or
instruments of further assurance  required to be filed or recorded or refiled or
rerecorded by the terms hereof.

         In addition,  each of the Lessees shall pay any and all stamp and other
taxes and fees  payable  or  determined  to be payable  in  connection  with the
execution, delivery, filing and recording of this Agreement or the Series 2000-1
Letter of Credit (or any  payment  thereunder  or transfer  thereof),  any other
Related  Document  and any such  other  documents,  and agree to save the Series
2000-1  Letter  of  Credit  Provider  harmless  from  and  against  any  and all
liabilities with respect to or resulting from any delay in paying or omission to
pay such taxes and fees.

         Section 4.3  Indemnity.  The Lessees each agree to  indemnify  and hold
harmless the Series 2000-1 Letter of Credit Provider and, in their capacities as
such,  officers,  directors,  shareholders,   affiliates,  controlling  persons,
employees,  agents and servants of the Series 2000-1 Letter of Credit  Provider,
from and against  any and all claims,  damages,  losses,  liabilities,  costs or
expenses  whatsoever which the Series 2000-1 Letter of Credit Provider may incur
or which may be claimed  against the Series 2000-1 Letter of Credit  Provider by
any Person  whatsoever  (including  reasonable  fees and expenses of counsel) in
each case arising out of or by reason of or in connection with, or in connection
with  the  preparation  of  a  defense  of,  any  investigation,  litigation  or
proceeding  arising out of,  relating to or in connection with the execution and
delivery  of, or  payment  of any LOC  Credit  Disbursement  or LOC  Termination
Disbursement  payable by the Lessees under the Series 2000-1 Letter of Credit or
this  Agreement or any other Related  Document,  or the offering and sale of the
Commercial Paper, or any acts or  omissions of any of the Lessees  in connection

                                      -23-

<PAGE>

herewith or  therewith,  or any  transactions  contemplated  hereby  or  thereby
(whether or not consummated), or any inaccuracies or alleged inaccuracies in any
material  respect or any untrue  statement or alleged untrue statement of any of
the Lessees  contained or incorporated  by reference in any Related  Document or
the  omission  or alleged  omission  by any of the  Lessees  to state  therein a
material  fact  necessary  to  make  such  statements,   in  the  light  of  the
circumstances  under which they are or were made, not misleading,  except to the
extent that such claim,  damage, loss,  liability,  cost or expense is caused by
the willful misconduct or gross negligence of the Series 2000-1 Letter of Credit
Provider  or a breach by the Series  2000-1  Letter of Credit  Provider  (or its
agents or employees  or any other  Person under its control) of its  obligations
under the Series 2000-1 Letter of Credit, as determined by a final judgment of a
court of  competent  jurisdiction,  and  provided  that any such Lessee shall be
required to indemnify the Series 2000-1 Letter of Credit Provider, in connection
with  prosecuting or defending any such claims,  for reasonable  attorneys' fees
and expenses.

         Section 4.4 Notices. All notices,  requests and other communications to
any  party  hereunder  shall  be in  writing  (including  bank  wire,  facsimile
transmission or similar writing) and addressed, delivered or transmitted to such
party at its  address  or  telecopy  number  set forth  below,  or at such other
address or  telecopy  number,  as the case may be, as such  party may  hereafter
specify for the purpose by notice to the other party. Each such notice,  request
or communication shall be deemed to have been duly given or made when delivered,
or five Business  Days after being  deposited in the mail,  postage  prepaid and
return receipt  requested,  or in the case of facsimile notice,  when electronic
confirmation thereof is received by the transmitter.

         If to DTAG:

                  Dollar Thrifty Automotive Group, Inc.
                  5330 East 31st Street
                  Tulsa, OK 74135
                  Attention:           Pamela S. Peck
                  Telephone:           (918) 669-2395
                  Telecopier:          (918) 669-2301

         If to RCFC:

                  Rental Car Finance Corp.
                  5330 East 31st Street
                  Tulsa, OK 74135
                  Attention:           Pamela S. Peck
                  Telephone:           (918) 669-2395
                  Telecopier:          (918) 669-2301

                                      -24-

<PAGE>

         If to the Series 2000-1 Letter of Credit Provider:

                  Credit Suisse First Boston
                  Eleven Madison Avenue
                  New York, New York 10010-3629
                  Attention:           Short and Medium-Term Finance Department
                  Telephone:           (212) 325-7198
                  Telecopier:          (212) 325-8183

         with a copy to:

                  Credit Suisse First Boston
                  Eleven Madison Avenue
                  New York, New York 10010-3629
                  Attention:           W.  Matt Carter
                  Telephone:           (212) 325-9942
                  Telecopier:          (212) 325-8304

If to Dollar:

                  Dollar Rent A Car Systems, Inc.
                  5330 East 31st Street
                  Tulsa, OK 74135
                  Attention:           Michael H. McMahon
                  Telephone:           (918) 669-3308
                  Telecopier:          (918) 669-2301

         If to Thrifty:

                  Thrifty Rent-A-Car System, Inc.
                  5310 East 31st Street
                  Tulsa, OK 74135
                  Attention:           Pamela S. Peck
                  Telephone:           (918) 665-2395
                  Telecopier:          (918) 669-2301

         If to an Additional Lessee:

                  At the address for notices to such Additional Lessee set forth
                  in the  related  Affiliate  Joinder in  Enhancement  Letter of
                  Credit Application and Agreement.

                                      -25-

<PAGE>

         If to the Trustee:

                  Bankers Trust Company
                  4 Albany Street
                  New York, NY  10006
                  Attention:           Corporate Trust and Agency
                                       Group/Structured Finance
                  Telephone:           (212) 250-6633
                  Telecopier:          (212) 250-6439

         If to the Managing Agents:

                  Bank One, NA, as Managing Agent
                  1 Bank One Plaza
                  Suite 0079
                  Chicago, Illinois  60670

                       and

                       and

                  The Bank of Nova Scotia, as Managing Agent
                  1 Liberty Plaza, 26th Floor
                  New York, New York  10006

         Section 4.5 Amendments; Governing Law; Consent to Jurisdiction;  Waiver
of Jury Trial.  This  Agreement  and the rights and  obligations  of the parties
hereunder  may not be  amended  or  otherwise  modified  orally  but  only by an
instrument in writing signed by the Series 2000-1 Letter of Credit  Provider and
each  other  party  hereto  against  whom   enforcement  of  such  amendment  or
modification is sought. This Agreement shall be construed in accordance with and
governed by the laws of the State of New York. ALL JUDICIAL  PROCEEDINGS BROUGHT
AGAINST ANY LESSEE,  DTAG OR RCFC WITH  RESPECT TO THIS  AGREEMENT  OR ANY OTHER
RELATED  DOCUMENT  SHALL BE BROUGHT IN ANY STATE OR (TO THE EXTENT  PERMITTED BY
LAW)  FEDERAL  COURT OF COMPETENT  JURISDICTION  IN THE STATE OF NEW YORK AND BY
EXECUTION AND DELIVERY OF THIS AGREEMENT THE LESSEES, DTAG AND RCFC EACH ACCEPTS
FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY,
THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO BE
BOUND BY ANY JUDGMENT  RENDERED  THEREBY IN CONNECTION WITH THIS AGREEMENT.  THE
LESSEES, DTAG AND RCFC EACH DESIGNATES AND APPOINTS CT CORPORATION SYSTEM, WHOSE
ADDRESS IS 111 EIGHTH AVENUE,  13TH FLOOR,  NEW YORK,  NEW YORK 10011,  AND SUCH
OTHER PERSONS AS MAY HEREAFTER  BE SELECTED BY ANY  LESSEE, DTAG OR RCFC, AS THE

                                      -26-

<PAGE>

CASE MAY BE, IRREVOCABLY AGREEING IN WRITING  TO SERVE, AS ITS  AGENT TO RECEIVE
ON ITS BEHALF, SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDINGS IN ANY SUCH COURT,
SUCH SERVICE BEING HEREBY ACKNOWLEDGED BY ANY LESSEE, DTAG OR  RCFC, AS THE CASE
MAY BE, TO BE EFFECTIVE  AND BINDING  SERVICE IN EVERY  RESPECT.  A COPY OF SUCH
PROCESS SO  SERVED SHALL  BE MAILED BY  REGISTERED  MAIL TO  ANY LESSEE, DTAG OR
RCFC, AS APPLICABLE,  SO SERVED AT ITS ADDRESS  PROVIDED IN SECTION 4.4,  EXCEPT
THAT, UNLESS OTHERWISE PROVIDED BY APPLICABLE LAW, ANY FAILURE TO MAIL SUCH COPY
SHALL NOT AFFECT THE VALIDITY OF SERVICE OF PROCESS.  IF ANY AGENT  APPOINTED BY
ANY LESSEE,  DTAG OR RCFC, AS THE CASE MAY BE,  REFUSES TO ACCEPT  SERVICE,  THE
LESSEES,  DTAG AND RCFC EACH HEREBY  AGREES THAT  SERVICE  UPON IT BY MAIL SHALL
CONSTITUTE  SUFFICIENT  NOTICE.  NOTHING  HEREIN SHALL AFFECT THE RIGHT TO SERVE
PROCESS IN ANY OTHER  MANNER  PERMITTED  BY LAW OR SHALL  LIMIT THE RIGHT OF THE
SERIES 2000-1 LETTER OF CREDIT PROVIDER TO BRING PROCEEDINGS AGAINST ANY LESSEE,
DTAG OR RCFC IN THE COURTS OF ANY OTHER JURISDICTION.

         THE SERIES 2000-1 LETTER OF CREDIT PROVIDER, EACH LESSEE, DTAG AND RCFC
HEREBY KNOWINGLY,  VOLUNTARILY AND INTENTIONALLY  WAIVE ANY RIGHTS THEY MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH, THIS AGREEMENT OR ANY OTHER RELATED  DOCUMENT,  OR
ANY COURSE OF CONDUCT,  COURSE OF DEALING,  STATEMENTS (WHETHER ORAL OR WRITTEN)
OR ACTIONS OF THE SERIES 2000-1 LETTER OF CREDIT PROVIDER,  ANY LESSEE,  DTAG OR
RCFC IN  CONNECTION  HEREWITH  OR  THEREWITH.  THE  LESSEES,  DTAG AND RCFC EACH
ACKNOWLEDGE AND AGREE THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR
THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER RELATED DOCUMENT TO WHICH
IT IS A PARTY) AND THAT THIS  PROVISION IS A MATERIAL  INDUCEMENT FOR THE SERIES
2000-1  LETTER OF CREDIT  PROVIDER  ENTERING  INTO THIS  AGREEMENT AND EACH SUCH
OTHER RELATED DOCUMENT.

         Section 4.6 Waivers, etc. Neither any failure nor any delay on the part
of the Series 2000-1 Letter of Credit Provider in exercising any right, power or
privilege  hereunder  or under the Series  2000-1  Letter of Credit or any other
Related  Document  shall  operate  as a waiver  thereof,  nor  shall a single or
partial  exercise thereof preclude any other or further exercise or the exercise
of any other right,  power or privilege.  Without limiting the effect of Section
4.5, no provision of this  Agreement  shall be waived,  amended or  supplemented
except by a written  instrument  executed by the Series  2000-1 Letter of Credit
Provider and the other parties hereto  against whom  enforcement of such waiver,
amendment or supplement is sought and with prior written  notice thereof to each
of the Managing  Agents.  The remedies  herein and in the Related  Documents are
cumulative and not exclusive of any remedies provided by law.

                                      -27-

<PAGE>

         Section 4.7  Severability.  Any provisions of this Agreement  which are
prohibited or unenforceable in any jurisdiction  shall, as to such jurisdiction,
be ineffective to the extent of such  prohibition  or  unenforceability  without
invalidating  the  remaining  provisions  hereof  and any  such  prohibition  or
unenforceability   in  any   jurisdiction   shall  not   invalidate   or  render
unenforceable such provision in any other jurisdiction.

         Section 4.8 Term.  This Agreement shall remain in full force and effect
until the  reimbursement of all LOC Disbursements by the Lessees or DTAG, as the
case may be, and the payment by the Lessees or DTAG,  as the case may be, of all
other amounts payable hereunder,  notwithstanding the earlier termination of the
Series 2000-1 Letter of Credit.

         Section 4.9  Successors and Assigns.  This  Agreement  shall be binding
upon the Series 2000-1 Letter of Credit Provider and its successors and assigns,
each Lessee and its successors and assigns,  DTAG and its successors and assigns
and RCFC and its  successors  and assigns;  provided,  however,  that the Series
2000-1 Letter of Credit  Provider may at any time (i) assign all or a portion of
its  obligations  under the Series  2000-1 Letter of Credit and its rights under
this Agreement to an Eligible Credit Enhancer;  provided further,  however, that
(x) each of DTAG and each Managing Agent shall have consented in writing to such
assignment  (which  consent shall not be  unreasonably  withheld),  and (y) such
assignment  shall be for an amount at least equal to  $5,000,000,  or (ii) grant
participations  to any other Person, in all or part of its obligations under the
Series  2000-1  Letter of Credit and its rights under this  Agreement  (it being
understood  and agreed that the Lessees shall have no obligation to give notices
to any such participant,  that such participation will not in any way reduce the
Series 2000-1 Letter of Credit  Provider's  commitment to make LOC Disbursements
hereunder,  and that such  participation  (other than a participation  held by a
Revolving  Lender  pursuant  to the Credit  Agreement)  shall not  increase  the
obligations  (including  with  respect  to costs and  expenses)  of the  Lessees
hereunder);  provided that the Series 2000-1 Letter of Credit  Provider shall be
entitled  to  receive  any  increased  costs or  indemnities  payable  hereunder
incurred by the Series 2000-1 Letter of Credit  Provider or such  participant to
the  extent  not in  excess  of such  amounts  calculated  as if  there  were no
participation.  The Series 2000-1 Letter of Credit Provider hereby  acknowledges
and agrees that any such  disposition will not alter or affect the Series 2000-1
Letter of Credit Provider's direct obligations to the Trustee,  and that none of
the Lessees,  DTAG or RCFC shall have any obligations to have any  communication
or relationship with any participant in order to enforce such obligations of the
Series  2000-1 Letter of Credit  Provider  hereunder and under the Series 2000-1
Letter of Credit.  All  agreements,  representations  and warranties made herein
shall survive the execution and delivery of this Agreement.

         Section 4.10 Counterparts. This Agreement may be executed in any number
of  counterparts,  and by the different  parties  hereto on the same or separate
counterparts,  each of which counterparts, when so executed and delivered, shall
be deemed to be an original and all of which counterparts, taken together, shall
constitute one and the same agreement.

         Section 4.11 Further Assurances.  The Lessees, DTAG and RCFC each agree
to do such  further  acts and things and to  execute  and  deliver to the Series
2000-1 Letter of Credit Provider such additional assignments, agreements, powers
and instruments as are reasonably required by the Series 2000-1 Letter of Credit

                                      -28-

<PAGE>

Provider to  carry into  effect  the purposes  of this  Agreement  and under the
Related Documents or to better assure and confirm to the Series 2000-1 Letter of
Credit Provider its rights,  powers and remedies hereunder and under the Related
Documents.

         Section  4.12  Survival  of   Representations   and   Warranties.   All
representations and warranties  contained herein or made in writing by DTAG, the
Lessees and RCFC in connection herewith shall survive the execution and delivery
of this  Agreement,  regardless of any  investigation  made by the Series 2000-1
Letter of Credit  Provider  or on its behalf and shall  continue  so long as and
until such time as all  obligations  hereunder shall have been paid in full. The
obligations  of the Lessees  under  Sections 2.5, 4.1, 4.2 and 4.3 shall in each
case  survive  any  termination  of this  Agreement,  the payment in full of all
obligations hereunder or under any other Related Document and the termination of
the Series 2000-1 Letter of Credit.

         Section 4.13  Obligation.  Each of the Series  2000-1  Letter of Credit
Provider and each of the Lessees  understands  and agrees that the Series 2000-1
Letter of Credit is irrevocable  and the obligations of the Series 2000-1 Letter
of  Credit  Provider  as  issuer  thereof  shall be  unaffected  by any  default
hereunder,  including, without limitation any failure to pay the amounts due and
payable to the Series  2000-1  Letter of Credit  Provider  under Section 2.4. No
failure of any of the  Lessees (or any person or  organization  acting on behalf
thereof)  or the  Trustee  to take any action  (whether  required  hereunder  or
otherwise),  nor any action taken by any of the Lessees shall be asserted by the
Series 2000-1 Letter of Credit Provider as a defense to payment under the Series
2000-1  Letter of Credit  (except  for the  failure of any  documents  presented
thereunder to comply with the terms of the Series 2000-1 Letter of Credit) or as
the basis of a right of set off by the Series 2000-1  Letter of Credit  Provider
against its obligations to make any such payment.

         Section 4.14 Headings.  Section headings in this Agreement are included
herein for convenience of reference only and shall not constitute a part of this
Agreement for any other purpose.

         Section  4.15  Confidentiality.  The  Series  2000-1  Letter  of Credit
Provider  agrees that it shall not disclose  any  Confidential  Information  (as
defined  below) to any Person  without the consent of DTAG, the Lessees or RCFC,
as applicable,  other than (a) to the Series 2000-1 Letter of Credit  Provider's
Affiliates and to the  Administrative  Agent and the Revolving Lenders and their
respective officers, directors,  employees, agents and advisors and to actual or
prospective  assignees and participants,  and then only on a confidential basis,
(b) as required by any law, rule or  regulation  or judicial  process and (c) as
requested  or required by any state,  federal or foreign  authority  or examiner
regulating banks or banking.

         "Confidential  Information" means information that DTAG, the Lessees or
RCFC furnishes to the Series 2000-1 Letter of Credit  Provider on a confidential
basis, but does not include any such  information  that is or becomes  generally
available  to the public or that is or becomes  available  to the Series  2000-1
Letter of Credit Provider from a source other than DTAG, the Lessees or RCFC.

                                      -29-

<PAGE>

         Section 4.16 Additional Series 2000-1 Letter of Credit  Providers.  The
Series 2000-1 Letter of Credit Provider acknowledges and agrees that the Lessees
may obtain Series 2000-1 Letter of Credit Provider  commitments  from additional
Series  2000-1  Letter of Credit  Providers  from  time to time,  provided  such
commitments  are, unless the Series 2000-1 Letter of Credit  Provider  otherwise
consents,  on the same terms and  provisions  as this  Agreement and provide for
obligations that rank pari passu with each Lessee's obligations hereunder.

         Section  4.17  Additional  Subsidiary  Lessees.  Any direct or indirect
Subsidiary of DTAG (each a "DTAG  Subsidiary")  shall have the right to become a
"Lessee" under and pursuant to the terms of this Agreement by complying with the
provisions  of  Section  28.1 of the  Master  Lease and the  provisions  of this
Section 4.17. In the event a DTAG  Subsidiary  desires to become  "Lessee" under
this Agreement,  then the Guarantor and such DTAG  Subsidiary  shall execute and
deliver to the Series 2000-1 Letter of Credit Provider and the Trustee:

         (i) an Affiliate  Joinder in Enhancement  Letter of Credit  Application
and  Agreement in the form  attached  hereto as Exhibit B (each,  an  "Affiliate
Joinder in Enhancement Letter of Credit Application and Agreement");

         (ii) copies of the  documentation set forth  in clauses (a) through (j)
of Section 28.1 of the Master Lease;

         (iii) an Officers'  Certificate  and an opinion of counsel each stating
that the joinder described in clause (i) above by such DTAG Subsidiary  complies
with this Section 4.17 and that all  conditions  precedent  herein  provided for
relating to such transaction have been complied with; and

         (iv) any  additional  documentation  that the Series  2000-1  Letter of
Credit Provider or the Trustee may reasonably require to evidence the assumption
by such DTAG  Subsidiary of the  obligations  and  liabilities set forth in this
Agreement.

Upon satisfaction of the foregoing conditions and receipt by each of the Trustee
and the Series 2000-1 Letter of Credit  Provider of original  executed copies of
the applicable Affiliate Joinder in Enhancement Letter of Credit Application and
Agreement  executed  by such  DTAG  Subsidiary  and  the  Guarantor,  such  DTAG
Subsidiary  shall for all  purposes be deemed to be a "Lessee"  for  purposes of
this  Agreement  and  shall be  entitled  to the  benefits  and  subject  to the
liabilities and obligations of a Lessee hereunder.

         Section 4.18  Enhancement  Letter of Credit  Application and Agreement.
This  Agreement is a  Enhancement  Letter of Credit  Application  and  Agreement
executed pursuant to the Credit  Agreement.  In the event that, after construing
the terms of this Agreement and the Credit Agreement in a manner that would seek
to avoid any  purported  inconsistency  or  conflict  between  the terms of this
Agreement,  on the one hand, and the terms of the Credit Agreement, on the other
hand,  such  inconsistency  or  conflict  cannot be  avoided,  the terms of this
Agreement shall control.

                                      -30-

<PAGE>

         Section 4.19 Series  2000-1  Letter of Credit  Provider as  Enhancement
Provider and  Third-Party  Beneficiary.  The Lessees,  RCFC and DTAG each hereby
acknowledges  and agrees that the Series 2000-1 Letter of Credit Provider is (i)
an "Enhancement  Provider" (as such term is used in the Base Indenture) and (ii)
without  limiting  the  effect  of any  other  provision  contained  in the Base
Indenture or the Series  2000-1  Supplement,  a third-party  beneficiary  of the
provisions  set forth in Article 11 of the Base Indenture and Section 8.6 of the
Series 2000-1 Supplement.

         Section 4.20  No Recourse; No Petition.  (a) Each of the parties hereto
hereby covenants and agrees that:

                  (i) no  recourse  shall be had for the  payment  of any amount
         owing in respect of any  disbursement  made under this Agreement or the
         Series  2000-1 Letter of Credit or for the payment of any fee hereunder
         or thereunder or any other  obligation or claim arising out of or based
         upon this  Agreement or the Series 2000-1 Letter of Credit against RCFC
         or any stockholder, employee, officer, director or incorporator of RCFC
         based on their status as such or their actions in connection therewith;
         and

                  (ii) prior to the date which is one year and one day after the
         payment in full of any Series  2000-1 Notes issued by RCFC  pursuant to
         the Indenture,  such party will not institute against, or join with any
         other   Person  in   instituting   against,   RCFC,   any   bankruptcy,
         reorganization,  arrangement, insolvency or liquidation proceedings, or
         other proceedings under any Federal or state bankruptcy or similar law,
         all as more  particularly  set  forth  in  Section  12.16  of the  Base
         Indenture  and  subject to any  retained  rights set forth  therein (it
         being  agreed  and  understood  that  nothing  contained  herein  shall
         preclude participation by any such party in assertion or defense of its
         claims in any such proceeding involving RCFC);

provided,  however, that nothing in this clause (a) shall constitute a waiver of
any right to  indemnification,  reimbursement or other payment from RCFC to such
party pursuant to any Related Document (other than this Agreement) to which RCFC
is a party.

         (b) In the event  that any such  party  takes  action in  violation  of
clause  (a)(ii),  RCFC agrees  that it shall file an answer with the  bankruptcy
court or otherwise  properly contest the filing of such a petition by such party
against RCFC or the  commencement of such action and raise the defense that such
Person has agreed in writing not to take such action and should be estopped  and
precluded therefrom and such other defenses, if any, as its counsel advises that
it may assert.

         (c) The  provisions of this Section 4.20 shall survive the  termination
of this Agreement.

                                      -31-

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their duly  authorized  officers,  as of the day and year first
above written.

                                       DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

                                       By:
                                          --------------------------------------
                                          Name:     Pamela S. Peck
                                          Title:    Treasurer

                                       CREDIT SUISSE FIRST BOSTON, as the
                                         Series 2000-1 Letter of Credit Provider

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

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

                                       RENTAL CAR FINANCE CORP.

                                       By:
                                          --------------------------------------
                                          Name:     Pamela S. Peck
                                          Title:    Vice President and Treasurer

                                       S-1

<PAGE>

                                       LESSEES:
                                       -------

                                       DOLLAR RENT A CAR SYSTEMS, INC.

                                       By:
                                          --------------------------------------
                                          Name:     Michael H. McMahon
                                          Title:    Treasurer

                                       THRIFTY RENT-A-CAR SYSTEM, INC.

                                       By:
                                          --------------------------------------
                                          Name:     Pamela S. Peck
                                          Title:    Treasurer

                                       S-2

<PAGE>

                                                                       EXHIBIT A
                                                 TO ENHANCEMENT LETTER OF CREDIT
                                                       APPLICATION AND AGREEMENT

                          IRREVOCABLE LETTER OF CREDIT

                               No. _______________

                                               December 15, 2000

Bankers Trust Company,
    as Trustee under the
    Series 2000-1 Supplement
    referred to below
4 Albany Street
New York, NY 10006

Attention: Corporate Trust Division

Dear Sir or Madam:

         The  undersigned  ("Credit  Suisse First Boston" or the "Series  2000-1
Letter of Credit  Provider")  hereby  establishes,  at the  request  and for the
account of Dollar Thrifty  Automotive  Group, Inc.  ("DTAG"),  Dollar Rent A Car
Systems, Inc. ("Dollar"),  Thrifty Rent-A-Car System, Inc. ("Thrifty"), and each
of the parties  identified  as a Lessee  (collectively,  the  "Lessees") in that
certain Enhancement Letter of Credit Application and Agreement, dated as of even
date herewith (as the same may be amended,  supplemented,  restated or otherwise
modified from time to time, the "Enhancement Letter of Credit Agreement"), among
the Lessees,  the Series  2000-1 Letter of Credit  Provider,  Rental Car Finance
Corp., a special purpose Oklahoma corporation ("RCFC"),  and DTAG, in your favor
as Trustee under that certain  Series  2000-1  Supplement , dated as of December
15, 2000 (as the same may be amended,  supplemented  or otherwise  modified from
time to time, the "Series 2000-1 Supplement"),  between RCFC, as the issuer, and
Bankers Trust Company, as Trustee (in such capacity, the "Trustee"), to the Base
Indenture,  dated as of December  13, 1995 (as amended as of December  23, 1997,
and as the same may be further  amended,  supplemented,  amended and restated or
otherwise  modified from time to time in accordance with the terms thereof,  the
"Base  Indenture"),  between RCFC and the Trustee,  this  Irrevocable  Letter of
Credit No. ____________ (the "Series 2000-1 Letter of Credit"), in the aggregate
maximum amount of TWENTY-FIVE  THOUSAND DOLLARS  ($25,000) (such amount,  as the
same may be  reduced,  increased  and  reinstated  from time to time as provided
herein,   being  the  "Series  2000-1  Letter  of  Credit  Amount"),   effective
immediately  and expiring at 4:00 p.m. (New York time) at our New York office at
Five World Trade Center, (8th Floor), New York, NY 10048-0928, Attention: Adrian
Silghigian,   Telephone  No.   212-322-0046,   Facsimile  No.   212-803-2079  or
212-803-2080  (such office or any other office  which may be  designated  by the
Series 2000-1  Letter of  Credit Provider  by written  notice delivered  to you,

                                       -1-

<PAGE>

being the "Series  2000-1 Letter of  Credit Provider's  Office") on December 14,
2003 (or, if such date is not a Business Day (as defined below), the immediately
preceding Business Day) (the "Scheduled Letter of Credit Expiration  Date"). You
are referred to herein (and in each Annex hereto) as the Trustee.

         The Series 2000-1 Letter of Credit Provider irrevocably  authorizes you
to draw on it, in accordance  with the terms and  conditions  and subject to the
reductions in amount as  hereinafter  set forth,  (1) in one or more drawings by
one or more of the Trustee's  drafts,  each drawn on the Series 2000-1 Letter of
Credit Provider at the Series 2000-1 Letter of Credit Provider's Office, payable
at sight on a Business Day (as defined below),  and accompanied by the Trustee's
written  and  completed  certificate  purported  to be signed by the  Trustee in
substantially the form of Annex A attached hereto (any such draft accompanied by
such certificate being a "Credit Demand"), an amount equal to the face amount of
each such draft but in the  aggregate  amount not  exceeding  the Series  2000-1
Letter of Credit  Amount as in effect on such  Business  Day and (2) in a single
drawing by the  Trustee's  draft,  drawn on the Series  2000-1  Letter of Credit
Provider at the Series 2000-1  Letter of Credit  Provider's  Office,  payable at
sight on a Business Day, and accompanied by the Trustee's  written and completed
certificate  purported to be signed by the Trustee in substantially  the form of
Annex B attached  hereto (such draft  accompanied  by such  certificate  being a
"Termination Demand"), an amount equal to the face amount of each such draft but
in the aggregate  amount not exceeding the Series 2000-1 Letter of Credit Amount
as in effect on such Business Day,  provided,  that only one Termination  Demand
may be made hereunder.  Any Credit Demand or Termination Demand may be delivered
by  facsimile  transmission  to the Series  2000-1  Letter of Credit  Provider's
Office. "Business Day" means any day other than a Saturday,  Sunday or other day
on which banks are required or authorized by law to close in New York City,  New
York.  Upon the Series  2000-1  Letter of Credit  Provider  honoring  any Credit
Demand  presented  hereunder,  the Series  2000-1  Letter of Credit Amount shall
automatically  be  decreased  by an amount  equal to the  amount of such  Credit
Demand.  In addition to the  foregoing  reduction,  the Series  2000-1 Letter of
Credit  Amount  shall  automatically  be reduced to zero and this Series  2000-1
Letter of Credit shall be  terminated  upon the Series  2000-1  Letter of Credit
Provider honoring any Termination Demand presented to it hereunder.

         The  Series  2000-1  Letter of  Credit  Amount  shall be  automatically
reinstated  with respect to  reimbursement  of any Credit Demand when and to the
extent,  but only when and to the extent,  that (i) the Series  2000-1 Letter of
Credit Provider is reimbursed by any of the Lessees or DTAG (on behalf of any of
the Lessees),  as the case may be, in full for any amount drawn hereunder by any
Credit  Demand and (ii) the Series  2000-1  Letter of Credit  Provider  receives
written notice from DTAG in  substantially  the form of Annex C attached  hereto
certifying  that no Event of Bankruptcy (as defined in Annex C attached  hereto)
with  respect to DTAG,  Dollar,  Thrifty or any other Lessee has occurred and is
continuing;  provided,  however,  that the Series 2000-1 Letter of Credit Amount
shall,  in no event,  be reinstated to an amount  greater than the Series 2000-1
Letter of Credit Amount as in effect immediately prior to such Credit Demand.

         The  Series  2000-1  Letter of  Credit  Amount  shall be  automatically
reduced in  accordance  with the terms of a written  request from the Trustee to
the Series 2000-1 Letter of Credit Provider in substantially the form of Annex D
attached  hereto  that is  acknowledged  and  agreed to in writing by the Series
2000-1  Letter of Credit  Provider.  The Series  2000-1  Letter of Credit Amount
shall be

                                       -2-

<PAGE>

automatically  increased  upon  receipt by (and written  acknowledgment  of such
receipt  by) the  Trustee of written  notice  from the Series  2000-1  Letter of
Credit Provider in substantially  the form of Annex E attached hereto certifying
that the Series 2000-1  Letter of Credit  Amount has been  increased and setting
forth the amount of such increase.

         Each Credit  Demand and  Termination  Demand shall be dated the date of
its  presentation,  and shall be presented to the Series 2000-1 Letter of Credit
Provider at the Series 2000-1 Letter of Credit Provider's  Office. If the Series
2000-1  Letter of Credit  Provider  receives  any Credit  Demand or  Termination
Demand at such office, all in strict conformity with the terms and conditions of
this Series  2000-1  Letter of Credit,  not later than 1:00 p.m.  (New York City
time) on a Business  Day prior to the  termination  hereof,  the  Series  2000-1
Letter of Credit  Provider will make such funds available by 4:00 p.m. (New York
City time) on the same day in accordance with your payment instructions.  If the
Series  2000-1  Letter  of  Credit  Provider   receives  any  Credit  Demand  or
Termination  Demand at such office,  all in strict conformity with the terms and
conditions  of this Series  2000-1  Letter of Credit,  after 1:00 p.m. (New York
City time) on a Business Day prior to the termination  hereof, the Series 2000-1
Letter of Credit  Provider will make the funds  available by 4:00 p.m. (New York
City time) on the next  succeeding  Business Day in accordance with your payment
instructions.  If you so request the Series  2000-1  Letter of Credit  Provider,
payment  under this Series  2000-1 Letter of Credit may be made by wire transfer
of Federal Reserve Bank of New York funds to your respective  accounts in a bank
on the  Federal  Reserve  wire  system or by  deposit  of same day funds  into a
designated account.

         Upon the earliest of (i) the date on which the Series  2000-1 Letter of
Credit Provider honors a Termination Demand presented hereunder to the extent of
the Series 2000-1  Letter of Credit  Amount as in effect on such date,  (ii) the
date on which the  Series  2000-1  Letter of Credit  Provider  receives  written
notice from you that an alternate  letter of credit or other credit  enhancement
has been  substituted  for this Series  2000-1  Letter of Credit,  and (iii) the
Scheduled Letter of Credit  Expiration Date, this Series 2000-1 Letter of Credit
shall automatically  terminate and you shall surrender this Series 2000-1 Letter
of Credit to the  undersigned  Series 2000-1  Letter of Credit  Provider on such
day.

         This  Series  2000-1  Letter  of  Credit  is  transferable  only in its
entirety to any  transferee(s)  who you certify to the Series  2000-1  Letter of
Credit   Provider  has  succeeded  you,  as  Trustee  under  the  Series  2000-1
Supplement,  and may be successively transferred only in its entirety.  Transfer
of this Series 2000-1 Letter of Credit to such  transferee  shall be effected by
the  presentation  to the Series 2000-1 Letter of Credit Provider of this Series
2000-1 Letter of Credit  accompanied by a certificate in substantially  the form
of Annex F attached hereto.  Upon such  presentation the Series 2000-1 Letter of
Credit Provider shall forthwith  transfer this Series 2000-1 Letter of Credit to
the  transferee  and endorse this Series 2000-1 Letter of Credit in favor of the
transferee or, if requested by the transferee, issue a new irrevocable letter of
credit in favor of the transferee with provisions  therein  consistent with this
Series 2000-1 Letter of Credit.

         This Series 2000-1 Letter of Credit sets forth in full the  undertaking
of the Series 2000-1 Letter of Credit Provider,  and such undertaking  shall not
in any way be  modified,  amended,  amplified  or  limited by  reference  to any
document,   instrument  or  agreement  referred  to  herein,   except  only  the
certificates and the drafts referred to herein; and any such reference shall not
be deemed  to  incorporate  herein  by  reference any  document,  instrument  or

                                       -3-

<PAGE>

agreement except for such  certificates and such drafts  and the Uniform Customs
(defined below).

         This Series 2000-1  Letter of Credit is subject to the Uniform  Customs
and Practice for  Documentary  Credits,  1993 Revision,  ICC Publication No. 500
(the "Uniform Customs"),  and, as to matters not covered by the Uniform Customs,
shall be governed by the laws of the State of New York,  including,  the Uniform
Commercial Code as in effect in the State of New York.

Communications  with respect to this Series  2000-1 Letter of Credit shall be in
writing and shall be addressed to the Series 2000-1 Letter of Credit Provider at
the Series 2000-1 Letter of Credit Provider's Office,  specifically referring to
the number of this Series 2000-1 Letter of Credit.

                                       Very truly yours,

                                       CREDIT SUISSE FIRST BOSTON
                                         as Series 2000-1 Letter of Credit
                                         Provider

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

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

                                       -4-

<PAGE>

                                     ANNEX A

                          CERTIFICATE OF CREDIT DEMAND

Credit Suisse First Boston
[Five World Trade Center
New York, New York  10048-0928]

Attention: [Adrian Silghigian]

         Certificate of Credit Demand under the Irrevocable Letter of Credit No.
____________  (the "Series 2000-1 Letter of Credit";  the terms defined  therein
and not otherwise defined herein being used herein as therein defined), dated as
of December 15, 2000, issued by Credit Suisse First Boston,  New York Branch, as
the Series 2000-1 Letter of Credit Provider,  in favor of Bankers Trust Company,
as the Trustee.

         The  undersigned,  a duly  authorized  officer of the  Trustee,  hereby
certifies to the Series 2000-1 Letter of Credit Provider as follows:

         1. Bankers  Trust  Company is  the  Trustee  under  the  Series  2000-1
Supplement referred to in the Series 2000-1 Letter of Credit.

         2. As of the date of this certificate, there exist [Series 2000-1 Lease
Payment Losses (as such term is defined in the Series 2000-1 Supplement referred
to in the Series  2000-1  Letter of Credit)  allocated to making a drawing under
the Series 2000-1 Letter of Credit pursuant to Section 4.7(a)(v)(1) or (b)(v)(1)
of such Series 2000-1  Supplement]* [an amount due and payable by Dollar Thrifty
Automotive Group, Inc., a Delaware corporation  ("DTAG"),  under the Demand Note
(the  "Demand  Note")  issued by DTAG to Rental Car  Finance  Corp.  pursuant to
Section 4.15(a) of the Series 2000-1  Supplement has not been deposited into the
Series 2000-1  Collection  Account (as defined in the Series  2000-1  Supplement
referred  to in  the  Series  2000-1  Letter  of  Credit)]**  in the  amount  of
$__________.

         3.  The Trustee  is making a drawing  under the Series 2000-1 Letter of
Credit [as required by Section 4.14(b) of the  Series 2000-1  Supplement]*** [in
an amount  due and payable  by DTAG  under the  Demand Note  pursuant to Section

---------------------------------------

 *Include this  sentence if Credit Demand is pursuant to Section  4.14(b) of the
Series 2000-1 Supplement.

  **Include this sentence if Credit Demand is pursuant to Section 4.15(b) of the
Series 2000-1 Supplement.

  ***Include  this sentence  if Credit Demand is  pursuant to Section 4.14(b) of
the Series 2000-1 Supplement.

                                       A-1

<PAGE>

4.15(b) of the  Series  2000-1  Supplement]*  for an amount equal to  $________,
which amount is  the Series 2000-1 LOC Credit  Disbursement  (the "Series 2000-1
LOC Credit  Disbursement").  The Series 2000-1  LOC Credit Disbursement does not
exceed the amount that is available to be drawn by the Trustee under the  Series
2000-1  Letter of Credit on the date of this certificate.

         4. The amount of the draft shall be delivered pursuant to the following
instructions:

         [insert  payment  instructions  (including  payment  date)  for wire to
Bankers Trust Company as Trustee].

         5. The Trustee  acknowledges that,  pursuant to the terms of the Series
2000-1  Letter of  Credit,  upon the  Series  2000-1  Letter of Credit  Provider
honoring the draft  accompanying this  certificate,  the Series 2000-1 Letter of
Credit Amount shall be automatically decreased by an amount equal to such draft.

         IN WITNESS WHEREOF,   the  Trustee  has  executed  and  delivered  this
certificate on this ____ day of ___________, _____.

                                       BANKERS TRUST COMPANY,
                                         as Trustee

                                       By ______________________________________
                                          Name:
                                          Title:

--------
*        Include this sentence if Credit  Demand is pursuant to Section  4.15(b)
         of the Series 2000-1 Supplement.

                                       A-2

<PAGE>

                                     ANNEX B

                        CERTIFICATE OF TERMINATION DEMAND

Credit Suisse First Boston
[Five World Trade Center
New York, New York  10048-0928]

Attention: [Adrian Silghigian ]

         Certificate  of  Termination  Demand  under the  Irrevocable  Letter of
Credit No. ___________ (the "Series 2000-1 Letter of Credit";  the terms defined
therein and not otherwise  defined herein being used herein as therein defined),
dated as of December 15, 2000,  issued by Credit  Suisse  First  Boston,  as the
Series 2000-1 Letter of Credit Provider,  in favor of Bankers Trust Company,  as
the Trustee.

         The  undersigned,  a duly  authorized  officer of the  Trustee,  hereby
certifies to the Series 2000-1 Letter of Credit Provider as follows:

         1.  Bankers  Trust  Company  is the  Trustee  under the  Series  2000-1
Supplement referred to in the Series 2000-1 Letter of Credit.

         2.  Pursuant  to Section  4.16 of the  Series  2000-1  Supplement,  the
Trustee,  in its  capacity  as such on its own behalf is making a drawing in the
amount of the Series  2000-1 Letter of Credit Amount as in effect on the date of
this  certificate  (such  amount  being  the  "Series  2000-1  Letter  of Credit
Amount").

         3. The amount of the draft  accompanying  this certificate is $________
which is equal to the  Series  2000-1  Letter  of  Credit  Amount as of the date
hereof.  The Series  2000-1  Letter of Credit  Amount does not exceed the amount
that is available to be drawn by the Trustee  under the Series  2000-1 Letter of
Credit on the date of this certificate.

         4. The amount of the draft shall be delivered pursuant to the following
instructions:

                  [insert payment instructions (including payment date) for wire

to Bankers Trust Company as Trustee]

         5. The Trustee  acknowledges that,  pursuant to the terms of the Series
2000-1  Letter of  Credit,  upon the  Series  2000-1  Letter of Credit  Provider
honoring the draft  accompanying this  certificate,  the Series 2000-1 Letter of
Credit  Amount  shall  automatically  be reduced  to zero and the Series  2000-1
Letter of Credit  shall  terminate  and be  immediately  returned  to the Series
2000-1 Letter of Credit Provider.

                                       B-1

<PAGE>

         IN  WITNESS  WHEREOF,   the Trustee  has executed  and  delivered  this
certificate on this ____ day of ____________, ____.

                                       BANKERS TRUST COMPANY,
                                         as Trustee

                                       By ______________________________________
                                          Name:
                                          Title:

                                       B-2

<PAGE>

                                     ANNEX C

      CERTIFICATE OF REINSTATEMENT OF SERIES 2000-1 LETTER OF CREDIT AMOUNT

Credit Suisse First Boston
[Five World Trade Center
New York, New York  10048-0928]

Attention: [Adrian Silghigian]

         Certificate of  Reinstatement  of Series 2000-1 Letter of Credit Amount
under the  Irrevocable  Letter of Credit No.  ____________  (the "Series  2000-1
Letter of Credit";  the terms defined  therein and not otherwise  defined herein
being used herein as therein defined),  dated as of December 15, 2000, issued by
Credit Suisse First Boston,  as the Series 2000-1 Letter of Credit Provider,  in
favor of Bankers Trust Company, as the Trustee.

         The undersigned, a duly authorized officer of Dollar Thrifty Automotive
Group,  Inc., hereby certifies to the Series 2000-1 Letter of Credit Provider as
follows:

         1.  As of the date  of this certificate,  the Series  2000-1  Letter of
Credit Provider has been reimbursed in full by [                 ] in the amount
of $ [                ] in respect of the Credit Demand made on ___________.

         2. As of the date of this  certificate,  no Event  of  Bankruptcy  with
respect to Dollar Thrifty  Automotive  Group, Inc.  ("DTAG"),  Dollar Rent A Car
Systems,  Inc.  ("Dollar"),  Thrifty Rent-A-Car System, Inc.  ("Thrifty") or any
other Lessee has occurred and is continuing. "Event of Bankruptcy", with respect
to  DTAG,  Dollar,  Thrifty  or any  other  Lessee,  means  (a) a case or  other
proceeding  shall be  commenced,  without  the  application  or  consent of such
person, in any court, seeking the liquidation, reorganization, debt arrangement,
dissolution, winding up, or composition or readjustment of debts of such person,
the  appointment  of  a  trustee,  receiver,  custodian,  liquidator,  assignee,
sequestrator or the like for such person or all or any  substantial  part of its
assets, or any similar action with respect to such person under any law relating
to  bankruptcy,  insolvency,   reorganization,  winding  up  or  composition  or
adjustment of debts, and any such case or proceeding shall continue undismissed,
or unstayed and in effect,  for a period of 60 consecutive days; or an order for
relief in respect of such person shall be entered in an  involuntary  case under
The Bankruptcy Reform Act of 1978, as amended from time to time, and as codified
as 11 U.S.C.  Section 101 et. seq., (the "Bankruptcy Code") or any other similar
law now or  hereafter in effect;  or (b) such person shall  commence a voluntary
case or other proceeding under the Bankruptcy Code or any applicable insolvency,
reorganization,  debt  arrangement,  dissolution  or  other  similar  law now or
hereafter in effect, or shall consent to the appointment of or taking possession
by a receiver, liquidator, assignee, trustee, custodian,  sequestrator (or other
similar  official) for such person or for any substantial  part of its property,
or shall make any  general  assignment  for the benefit of  creditors;  or (c) a
corporation or similar entity or its board of directors  shall vote to implement
any of the actions set forth in the preceding clause (b).

                                       C-1

<PAGE>

         3.  Accordingly,  pursuant  to the terms and  conditions  of the Series
2000-1  Letter of Credit,  the Series  2000-1  Letter of Credit Amount is hereby
reinstated  in the  amount of $[ ] so that the  Series  2000-1  Letter of Credit
Amount after taking into account such  reinstatement is in an amount equal to $[
].

         IN WITNESS WHEREOF, Dollar Thrifty Automotive Group, Inc.  has executed
and delivered this certificate on this ____ day of __________, ____.

                                       DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

                                       By ______________________________________
                                          Name:
                                          Title:

                                       C-2

<PAGE>

                                     ANNEX D

          NOTICE OF REDUCTION OF SERIES 2000-1 LETTER OF CREDIT AMOUNT

Credit Suisse First Boston
[Five World Trade Center
New York, New York 10048-0928]

Attention:  [Adrian Silghigian]

         Notice of Reduction of Series  2000-1 Letter of Credit Amount under the
Irrevocable  Letter of Credit No.  _____________  (the "Series  2000-1 Letter of
Credit";  the terms defined therein and not otherwise  defined herein being used
herein as therein  defined),  dated as of December  15,  2000,  issued by Credit
Suisse First Boston, as the Series 2000-1 Letter of Credit Provider, in favor of
Bankers Trust Company, as the Trustee.

         The  undersigned,  a duly  authorized  officer of the  Trustee,  hereby
notifies the Series 2000-1 Letter of Credit Provider as follows:

         1. The Trustee has received a notice pursuant to the Enhancement Letter
of Credit  Agreement  authorizing it to request a reduction of the Series 2000-1
Letter  of  Credit  Amount  to  $__________  and is  delivering  this  notice in
accordance with the terms of the Enhancement Letter of Credit Agreement.

         2. By its  acknowledgment and agreement below, the Series 2000-1 Letter
of Credit Provider  acknowledges and agrees that the aggregate maximum amount of
the  Series   2000-1  Letter  of  Credit  is  reduced  to   $____________   from
$____________ pursuant to and in accordance with the terms and provisions of the
Series 2000-1 Letter of Credit and, that the reference in the first paragraph of
the   Series   2000-1   Letter  of   Credit  to   "_____________________________
($____________   )"   is   amended   to   read    "_____________________________
($____________  )" and the reference in the third paragraph of the Series 2000-1
Letter of Credit to "$____________" is amended to read "
$------------".

         3. This  request,  upon your  acknowledgment  and  agreement  set forth
below,  shall  constitute an amendment to the Series 2000-1 Letter of Credit and
shall form an integral  part  thereof and  confirms  that all other terms of the
Series 2000-1 Letter of Credit remain unchanged.

         4. The Series 2000-1 Letter of Credit  Provider is requested to execute
and  deliver  its  acknowledgment  and  agreement  to this notice to each of the
Trustee  and each  Managing  Agent in the manner  provided in Section 4.4 of the
Enhancement Letter of Credit Agreement.

                                       D-1

<PAGE>

         IN  WITNESS  WHEREOF,   the  Trustee  has  executed  and delivered this
certificate on this ____ day of __________, ____.

                                       BANKERS TRUST COMPANY,
                                         as Trustee

                                       By ______________________________________
                                          Name:
                                          Title:

ACKNOWLEDGED AND AGREED:

CREDIT SUISSE FIRST BOSTON

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

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

                                       D-2

<PAGE>

                                     ANNEX E

           NOTICE OF INCREASE OF SERIES 2000-1 LETTER OF CREDIT AMOUNT

Bankers Trust Company,
     as Trustee under the
     Series 2000-1 Supplement
     referred to below
4 Albany Street
New York, NY 10006

Attention: Corporate Trust Division

         Notice of Increase of Series  2000-1  Letter of Credit Amount under the
Irrevocable  Letter of Credit No.  ______________  (the "Series 2000-1 Letter of
Credit";  the terms defined therein and not otherwise  defined herein being used
herein as therein  defined),  dated as of December  15,  2000,  issued by Credit
Suisse First Boston, as the Series 2000-1 Letter of Credit Provider, in favor of
Bankers Trust Company, as the Trustee.

         The undersigned,  duly authorized  officers of the Series 2000-1 Letter
of Credit Provider, hereby notify to the Trustee as follows:

         1.  The Series 2000-1 Letter of  Credit Provider has received a request
from Dollar Rent A Car Systems, Inc.  and/or Thrifty Rent-A-Car System, Inc.  to
increase the Series  2000-1 Letter of Credit  Amount by $_______, and the Series
2000-1 Letter of  Credit Provider  is permitted to  increase the  Series  2000-1
Letter of Credit Amount by such amount under the Credit Agreement defined in the
Enhancement Letter of Credit Agreement.

         2. Upon your  acknowledgment  set forth below,  the  aggregate  maximum
amount of the Series 2000-1 Letter of Credit is increased to $____________  from
$____________ pursuant to and in accordance with the terms and provisions of the
Series 2000-1 Letter of Credit and that the reference in the first  paragraph of
the   Series   2000-1   Letter  of   Credit  to   "_____________________________
($____________   )"   is   amended   to   read    "_____________________________
($____________  )" and the reference in the third paragraph of the Series 2000-1
Letter of Credit to "$____________" is amended to read "$____________".

         3.  This  notice,  upon your  acknowledgment  set  forth  below,  shall
constitute  an amendment to the Series 2000-1 Letter of Credit and shall form an
integral  part  thereof and confirms  that all other terms of the Series  2000-1
Letter of Credit remain unchanged.

         4. The Trustee is requested  to execute and deliver its  acknowledgment
and  acceptance  to this  notice to each of the Series  2000-1  Letter of Credit
Provider and each  Managing  Agent in the manner  provided in Section 4.4 of the
Enhancement Letter of Credit Agreement.

                                       E-1

<PAGE>

         IN WITNESS  WHEREOF,  the Series 2000-1  Letter of Credit  Provider has
executed and delivered this certificate on this ____ day of __________, ____.

                                       CREDIT SUISSE FIRST BOSTON

                                       By ______________________________________
                                          Name:
                                          Title:

                                       By ______________________________________
                                          Name:
                                          Title:

ACKNOWLEDGED:

BANKERS TRUST COMPANY,
   as Trustee

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

                                       E-2

<PAGE>

                                     ANNEX F

                             INSTRUCTION TO TRANSFER

                             -----------------------

Credit Suisse First Boston
[Five World Trade Center
New York, New York  10048-0928]

Attention: [Adrian Silghigian]

         Re:  Irrevocable Letter of Credit No.
              ----------------------------------------------

Ladies and Gentlemen:

         For value received,  the  undersigned  beneficiary  hereby  irrevocably
transfers to:

                              [Name of Transferee]

                                    [Address]

all rights of the  undersigned  beneficiary  to draw  under the  above-captioned
letter of credit (the  "Series  2000-1  Letter of Credit")  issued by the Series
2000-1 Letter of Credit  Provider  named therein in favor of the  undersigned on
December 15, 2000. The transferee has succeeded the undersigned as Trustee under
the Series 2000-1 Supplement (as defined in the Series 2000-1 Letter of Credit).

By this transfer, all rights of the undersigned beneficiary in the Series 2000-1
Letter of Credit are  transferred to the  transferee  and the  transferee  shall
hereafter have the sole rights as beneficiary thereof;  provided,  however, that
no rights shall be deemed to have been  transferred to the transferee until such
transfer  complies with the  requirements  of the Series 2000-1 Letter of Credit
pertaining to transfers.

                                       F-1

<PAGE>

         The  Series  2000-1  Letter  of  Credit  is  returned  herewith  and in
accordance  therewith we ask that this transfer be effective and that the Series
2000-1 Letter of Credit Provider  transfer the Series 2000-1 Letter of Credit to
our transferee and that the Series 2000-1 Letter of Credit Provider  endorse the
Series 2000-1 Letter of Credit returned  herewith in favor of the transferee or,
if  requested by the  transferee,  issue a new  irrevocable  letter of credit in
favor of the transferee with provisions consistent with the Series 2000-1 Letter
of Credit.

                                       Very truly yours,

                                       BANKERS TRUST COMPANY,
                                         as Trustee

                                       By:______________________________________
                                          Name:
                                          Title:

                                       F-2

<PAGE>

                                                                       EXHIBIT B
                                             TO THE ENHANCEMENT LETTER OF CREDIT
                                                       APPLICATION AND AGREEMENT

               FORM OF AFFILIATE JOINDER IN ENHANCEMENT LETTER OF
                        CREDIT APPLICATION AND AGREEMENT

                  THIS  AFFILIATE  JOINDER  IN  ENHANCEMENT   LETTER  OF  CREDIT
APPLICATION  AND AGREEMENT  (this  "Joinder") is executed as of  _______________
___, _____, by _______________, a ____________________________________ ("Joining
Party"),  and delivered to each of Credit  Suisse First Boston,  a Swiss banking
corporation,  as the Series 2000-1 Letter of Credit  Provider (in such capacity,
the "Series 2000-1 Letter of Credit Provider") and Bankers Trust Company, as the
Trustee (in such capacity, the "Trustee"),  pursuant to that certain Enhancement
Letter of Credit  Application  and Agreement,  dated as of December 15, 2000 (as
amended,  supplemented,  amended and restated or otherwise modified from time to
time in accordance  with the terms thereof,  the  "Enhancement  Letter of Credit
Application  Agreement"),  among the Series  2000-1  Letter of Credit  Provider,
Dollar  Rent  A Car  Systems,  Inc.,  Thrifty  Rent-  A-Car  System,  Inc.,  any
additional  Subsidiaries of Dollar Thrifty  Automotive  Group, Inc. from time to
time becoming  Lessees  thereunder,  Rental Car Finance Corp. and Dollar Thrifty
Automotive  Group,  Inc.  Capitalized  terms used herein but not defined  herein
shall  have the  meanings  provided  for in the  Enhancement  Letter  of  Credit
Application and Agreement.

                                R E C I T A L S:
                                 - - - - - - - -

                  WHEREAS, the Joining Party  is a direct or indirect Subsidiary
of DTAG; and

                  WHEREAS,  the Joining Party desires to become a "Lessee" under
and pursuant to Section 4.17 the  Enhancement  Letter of Credit  Application and
Agreement.

                  NOW,  THEREFORE,  for good  and  valuable  consideration,  the
receipt and  sufficiency of which are hereby  acknowledged by the Joining Party,
the Joining Party agrees as follows:

                               A G R E E M E N T:
                                - - - - - - - - -

         1. The Joining Party hereby  represents and warrants to and in favor of
the Series 2000-1 Letter of Credit Provider and the Trustee that (i) the Joining
Party is a direct or indirect  Subsidiary  of DTAG,  (ii) all of the  conditions
required to be satisfied  pursuant to Section 4.17 of the Enhancement  Letter of
Credit  Application  and  Agreement in respect of the Joining  Party  becoming a
Lessee thereunder have been satisfied and (iii) all of the  representations  and
warranties contained  in  Section  3.1  of  the  Enhancement  Letter  of  Credit

                                       -1-

<PAGE>

Application and Agreement with  respect to  the Lessees  are true and correct as
applied to the Joining Party as of the date hereof.

         2. The Joining Party hereby agrees to assume all of the  obligations of
a "Lessee" under the Enhancement  Letter of Credit Application and Agreement and
agrees to be bound by all of the terms, covenants and conditions therein.

         3. By its  execution  and delivery of this  Joinder,  the Joining Party
hereby becomes a Lessee for all purposes under the Enhancement  Letter of Credit
Application and Agreement.  By its execution and delivery of this Joinder,  DTAG
acknowledges  that the  Joining  Party is a Lessee  for all  purposes  under the
Enhancement Letter of Credit Application and Agreement.

                  IN WITNESS WHEREOF,  the Joining Party has caused this Joinder
to be duly executed as of the day and year first above written.

                                       [Name of Joining Party]

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

Accepted and Acknowledged by:

DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

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

                                       -2-

<PAGE>

                                                                       EXHIBIT C
                                             TO THE ENHANCEMENT LETTER OF CREDIT
                                                       APPLICATION AND AGREEMENT

                            REQUEST FOR REDUCTION OF
                      SERIES 2000-1 LETTER OF CREDIT AMOUNT

Bankers Trust Company,
    as Trustee under the
    Series 2000-1 Supplement
    referred to below
4 Albany Street
New York, NY  10006

Attention:  Corporate Trust Division

         Request for  Reduction of Series  2000-1  Letter of Credit Amount under
the Enhancement Letter of Credit Application and Agreement, dated as of December
15, 2000 (as amended, supplemented or  otherwise  modified from  time to time in
accordance with the terms thereof as of the date hereof, the "Enhancement Letter
of  Credit  Application  and  Agreement";  the  terms  defined  therein  and not
otherwise  defined  herein being used herein as therein  defined),  among Dollar
Rent A Car Systems,  Inc.,  Thrifty  Rent-A-Car  System,  Inc., those additional
Subsidiaries of Dollar Thrifty Automotive Group, Inc. from time to time becoming
parties thereto, Rental Car Finance Corp., Dollar Thrifty Automotive Group, Inc.
and Credit Suisse First Boston, as the Series 2000-1 Letter of Credit Provider.

         The undersigned, a duly authorized officer of Dollar Thrifty Automotive
Group,  Inc.,  individually  and on behalf of the Lessees  hereby  certifies  to
Bankers  Trust  Company in its capacity as the Trustee  under the Series  2000-1
Supplement  referred  to in the  Enhancement  Letter of Credit  Application  and
Agreement (the "Trustee") as follows:

         1. The Series  2000-1 Letter  of Credit Amount  as of the  date of this
request prior to  giving effect to the  reduction of the Series 2000-1 Letter of
Credit Amount requested in paragraph 2 of this request is  $_____________.

         2. The Trustee is hereby  requested  pursuant to Section  2.1(a) of the
Enhancement Letter of Credit Application and Agreement to execute and deliver to
the Series  2000-1  Letter of Credit  Provider a Notice of  Reduction  of Series
2000-1  Letter  of  Credit  Amount  substantially  in the form of Annex D to the
Series  2000-1 Letter of Credit (the "Notice of  Reduction")  for a reduction in
the Series 2000-1 Letter of Credit Amount by an amount equal to  $_____________.
The Trustee is requested to execute and deliver the Notice of Reduction promptly
following  its  receipt  of this  request,  and in no  event  more  than two (2)
Business  Days  following  the date of its receipt of this  request (as required
pursuant to Section 2.1(a) of the Enhancement  Letter of Credit  Application and
Agreement), and to provide for the reduction pursuant to the Notice of Reduction
to be as of _______, ______.  We understand that the Trustee  will be relying on

                                       -1-

<PAGE>

the contents  hereof.  We further  understand  that  the Trustee  shall  not  be
liable  to the  undersigned  for  any  failure  to  transmit  (or any  delay  in
transmitting)  the  Notice  of  Reduction   (including  any  fees  and  expenses
attributable  to the Series  2000-1 Letter of Credit Amount not being reduced in
accordance  with this  paragraph) to the extent such failure (or delay) does not
result from the gross negligence or willful misconduct of the Trustee.

         3. To the best of the  knowledge  of the  undersigned,  (i) the  Series
2000-1  Letter of Credit Amount will be  $_____________,  (ii) the Series 2000-1
Available Subordinated Amount will be $_____________,  and (iii) the Enhancement
Amount  will be  $_____________,  in each  case as of the date of the  reduction
requested in paragraph 2 of this request.

         4. The Series 2000-1 Letter of Credit Amount after giving effect to the
reduction requested in paragraph 2 of this request will not cause (i) the Series
2000-1 Letter of Credit Amount to be less than the Minimum  Series 2000-1 Letter
of Credit Amount,  (ii) the Series 2000-1  Available  Subordinated  Amount to be
less than the Minimum  Subordinated Amount or (iii) the Enhancement Amount to be
less  than  the  Minimum  Enhancement  Amount,  in each  case as of the date the
reduction requested in paragraph 2 of this request.

         5. The  undersigned  acknowledges  and agrees  that the  execution  and
delivery of this request by the  undersigned  constitutes a  representation  and
warranty  by the  undersigned  to each of the  Series  2000-1  Letter  of Credit
Provider and the Trustee  that, as of the date on which the Series 2000-1 Letter
of Credit  Amount is  reduced by the  amount  set forth in  paragraph  2 of this
request, each of the statements set forth in this request is true and correct to
the best of the knowledge of the undersigned.

         6. The  undersigned  agrees that if on or prior to the date as of which
the Series  2000-1 Letter of Credit Amount is reduced by the amount set forth in
paragraph 2 of this request the  undersigned  obtains  knowledge that any of the
statements set forth in this request is not true and correct or will not be true
and  correct  after  giving  effect to such  reduction,  the  undersigned  shall
immediately  so notify each of the Series 2000-1  Letter of Credit  Provider and
the Trustee by telephone and in writing by  telefacsimile in the manner provided
in Section 4.4 of the Enhancement Letter of Credit Application and Agreement and
the request set forth herein to reduce the Series 2000-1 Letter of Credit Amount
shall be deemed  canceled  upon receipt by each of the Series  2000-1  Letter of
Credit Provider and the Trustee of such notice in writing.

                                       -2-

<PAGE>

         IN WITNESS WHEREOF, Dollar Thrifty Automotive Group, Inc., individually
and on  behalf  of the Lessees, has  executed and delivered this request on this
______ day of ________, ____.

                                       DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

                                       By ______________________________________
                                          Name:
                                          Title:

                                       -3-

<PAGE>

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