Avis Budget (CAR) 10-Q 2010 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,
	2010			2009
Earnings before fixed charges:
Loss before income taxes	$	(37	)	$	(72	)
Plus: Fixed charges		224			200
Earnings available to cover fixed charges	$	187		$	128
Fixed charges (a):
Interest, including amortization of deferred financing costs	$	191		$	168
Interest portion of rental payments		33			32
Total fixed charges	$	224		$	200
Ratio of earnings to fixed charges(b)		—			—

^(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,
	2010		2009
Related to debt under vehicle programs	$	107	$	90
All other		84		78
	$	191	$	168

^(b) Earnings were not sufficient to cover fixed charges for the six months ended June 30, 2010 and 2009.

* * *