Exhibit 23
                                                        AT&T Capital Corporation

                         Consent of Independent Auditors

We consent to the use of our report dated February 6, 1997 on the consolidated
financial statements of Newcourt Credit Group Inc. as at December 31, 1996 and
1995 and for the years then ended, incorporated by reference in the preliminary
prospectus of Newcourt Credit Group Inc. dated November 17, 1997 included in the
Current Report on Form 8-K of AT&T Capital Corporation dated November 19, 1997
(as amended by a Current Report on Form 8-K/A of AT&T Capital Corporation dated
February 11, 1998).

                                                            
Toronto, Canada                                           Signed Ernst & Young
February 11, 1998                                         Chartered Accountants