NEWCOURT CREDIT GROUP INC.

                           OFFER FOR ALL OUTSTANDING
                  6.875% NOTES, SERIES B DUE FEBRUARY 16, 2005
                                IN EXCHANGE FOR
             6.875% EXCHANGE NOTES, SERIES B DUE FEBRUARY 16, 2005

To: BROKERS, DEALERS, COMMERCIAL BANKS,
    TRUST COMPANIES AND OTHER NOMINEES:

     Newcourt Credit Group Inc. (the 'Company') is offering, upon and subject to
the terms and conditions set forth in the Prospectus, dated October 15, 1999
(the 'Prospectus'), and the enclosed Letter of Transmittal (the 'Letter of
Transmittal'), to exchange (the 'Exchange Offer') its 6.875% Exchange Notes,
Series B, Due February 16, 2005, which have been registered under the Securities
Act of 1933, as amended, for its outstanding 6.875% Notes, Series B Due
February 16, 2005 (the 'Old Notes'). The Exchange Offer is being made in order
to satisfy certain obligations of the Company contained in the Registration
Rights Agreement dated February 15, 1999, by and among the Company, AT&T Capital
Corporation and the initial purchasers referred to therein.

     We are requesting that you contact your clients for whom you hold Old Notes
regarding the Exchange Offer. For your information and for forwarding to your
clients for whom you hold Old Notes registered in your name or in the name of
your nominee, or who hold Old Notes registered in their own names, we are
enclosing the following documents:

          1. The Prospectus dated October 15, 1999;

          2. The Letter of Transmittal (including Guidelines for Certification
     of Taxpayer Identification Number on Substitute Form W-9) for your use and
     for the information of your clients;

          3. A Notice of Guaranteed Delivery to be used to accept the Exchange
     Offer if certificates for Old Notes are not immediately available or time
     will not permit all required documents to reach the Exchange Agent prior to
     the Expiration Date (as defined below) or if the procedure for book-entry
     transfer cannot be completed on a timely basis;

          4. A form of letter which may be sent to your clients for whose
     account you hold Old Notes registered in your name or the name of your
     nominee, with space provided for obtaining such clients' instructions with
     regard to the Exchange Offer; and

          5. A return envelope addressed to The Chase Manhattan Bank, the
     Exchange Agent for the Old Notes.

     YOUR PROMPT ACTION IS REQUESTED. THE EXCHANGE OFFER WILL EXPIRE AT 5:00
P.M., NEW YORK CITY TIME, ON WEDNESDAY, NOVEMBER 17, 1999, UNLESS EXTENDED BY
THE COMPANY (THE 'EXPIRATION DATE'). OLD NOTES TENDERED PURSUANT TO THE EXCHANGE
OFFER MAY BE WITHDRAWN AT ANY TIME BEFORE THE EXPIRATION DATE.

     To participate in the Exchange Offer, a duly executed and properly
completed Letter of Transmittal (or facsimile thereof or an agent's message in
lieu thereof), with any required signature guarantees and any other required
documents, should be sent to the Exchange Agent and certificates representing
the Old Notes or a book-entry confirmation should be delivered to the Exchange
Agent, all in accordance with the instructions set forth in the Letter of
Transmittal and the Prospectus.

     If holders of Old Notes wish to tender, but it is impracticable for them to
forward their certificates for Old Notes prior to the expiration of the Exchange
Offer or to comply with the book-entry transfer procedures on a timely basis, a
tender may be effected by following the guaranteed delivery procedures




described in the Prospectus under 'The Exchange Offer -- Facsimile and
Guaranteed Delivery Procedures.'

     The Company will, upon request, reimburse brokers, dealers, commercial
banks and trust companies for reasonable and necessary costs and expenses
incurred by them in forwarding the Prospectus and the related documents to the
beneficial owners of Old Notes held by them as nominee or in a fiduciary
capacity. The Company will pay or cause to be paid all stock transfer taxes
applicable to the exchange of Old Notes pursuant to the Exchange Offer, except
as set forth in Instruction 6 of the Letter of Transmittal.

     Any inquiries you may have with respect to the Exchange Offer, or requests
for additional copies of the enclosed materials, should be directed to The Chase
Manhattan Bank, the Exchange Agent for the Old Notes, at its address and
telephone number set forth on the front of the Letter of Transmittal.

                                          Very truly yours,

                                          NEWCOURT CREDIT GROUP INC.

     NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF THE COMPANY OR THE EXCHANGE AGENT, OR AUTHORIZE YOU OR ANY
OTHER PERSON TO USE ANY DOCUMENT OR MAKE ANY STATEMENTS ON BEHALF OF EITHER OF
THEM WITH RESPECT TO THE EXCHANGE OFFER, EXCEPT FOR STATEMENTS EXPRESSLY MADE IN
THE PROSPECTUS OR THE LETTER OF TRANSMITTAL.

Enclosures

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