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 OUR CLIENTS:

     Enclosed for your consideration is a Prospectus, dated October 15, 1999
(the 'Prospectus'), and the related Letter of Transmittal (the 'Letter of
Transmittal'), relating to the offer (the 'Exchange Offer') of Newcourt Credit
Group Inc. (the 'Company') to exchange its 6.875% Exchange Notes, Series B Due
February 16, 2005, which have been registered under the Securities Act of 1933,
as amended (the 'New Notes'), for its outstanding 6.875% Notes, Series B Due
February 16, 2005 (the 'Old Notes'), upon the terms and subject to the
conditions described in the Prospectus and the Letter of Transmittal. 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.

     This material is being forwarded to you as the beneficial owner of the Old
Notes carried by us in your account but not registered in your name. A TENDER OF
SUCH OLD NOTES MAY ONLY BE MADE BY US AS THE HOLDER OF RECORD AND PURSUANT TO
YOUR INSTRUCTIONS.

     Accordingly, we request instructions as to whether you wish us to tender on
your behalf the Old Notes held by us for your account, pursuant to the terms and
conditions set forth in the enclosed Prospectus and Letter of Transmittal.

     Your instructions should be forwarded to us as promptly as possible in
order to permit us to tender the Old Notes on your behalf in accordance with the
provisions of the Exchange Offer. The Exchange Offer will expire at 5:00 p.m.,
New York City time, on Wednesday, November 17, 1999, unless extended by the
Company. Any Old Notes tendered pursuant to the Exchange Offer may be withdrawn
at any time before the Expiration Date.

     Your attention is directed to the following:

          1. The Exchange Offer is for any and all Old Notes.

          2. The Exchange Offer is subject to certain conditions set forth in
     the Prospectus in the section captioned 'The Exchange Offer -- Conditions
     to the Exchange Offer.'

          3. Any transfer taxes incident to the transfer of Old Notes from the
     holder to the Company will be paid by the Company, except as otherwise
     provided in the Instructions in the Letter of Transmittal.

          4. The Exchange Offer expires at 5:00 p.m., New York City time, on
     Wednesday, November 17, 1999, unless extended by the Company.

     If you wish to have us tender your Old Notes, please so instruct us by
completing, executing and returning to us the instruction form on the back of
this letter. THE LETTER OF TRANSMITTAL IS FURNISHED TO YOU FOR INFORMATION ONLY
AND MAY NOT BE USED DIRECTLY BY YOU TO TENDER OLD NOTES.




                          INSTRUCTIONS WITH RESPECT TO
                               THE EXCHANGE OFFER

     The undersigned acknowledge(s) receipt of your letter and the enclosed
material referred to therein relating to the Exchange Offer made by Newcourt
Credit Group Inc. with respect to its Old Notes.

     This will instruct you to tender the Old Notes held by you for the account
of the undersigned, upon and subject to the terms and conditions set forth in
the Prospectus and the related Letter of Transmittal.

     Please tender the Old Notes held by you for my account as indicated below:



                                                 AGGREGATE PRINCIPAL AMOUNT OF OLD NOTES
                                                 ---------------------------------------
                                             
6.875% Notes, Series B Due February 16,
  2005........................................   ........................................

[ ]  Please do not tender any Old Notes held
     by you for my account.

     Date:
            ---------------------------, 1999     ---------------------------------------

                                                 ----------------------------------------
                                                              SIGNATURE(S)

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

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

                                                 ----------------------------------------
                                                        PLEASE PRINT NAME(S) HERE

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

                                                 ----------------------------------------
                                                               ADDRESS(ES)

                                                 ----------------------------------------
                                                     AREA CODE AND TELEPHONE NUMBER


                                                 ----------------------------------------
                                                  TAX IDENTIFICATION OR SOCIAL SECURITY
                                                                 NO(S).


     None of the Old Notes held by us for your account will be tendered unless
we receive written instructions from you to do so. Unless a specific contrary
instruction is given in the space provided, your signature(s) hereon shall
constitute an instruction to us to tender all the Old Notes held by us for your
account.

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