Avis Budget (CAR) 10-Q 2008 Q2 Quarterly report

Exhibit 12

Avis Budget Group, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

	Six Months Ended June 30,
	2008		2007
Earnings before fixed charges:
Income from continuing operations before income taxes	$	7	$	47
Plus: Fixed charges		228		262
Earnings available to cover fixed charges	$	235	$	309
Fixed charges:
Interest, including amortization of deferred financing costs (a)	$	197	$	233
Interest portion of rental payment		31		29
Total fixed charges	$	228	$	262
Ratio of earnings to fixed charges		1.03x		1.18x
__________ (a)     Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. Interest expense on all indebtedness is detailed as follows:
	Six Months Ended June 30,
	2008		2007
Related to debt under vehicle programs	$	131	$	162
All other		66		71
	$	197	$	233

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