ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

Reduction of Capacity and Termination of the Conduit

On March 17, 2009, Rental Car Finance Corp. (the "Company"), a special purpose financing subsidiary of Dollar Thrifty Automotive Group, Inc., ("DTG"), provided notice to the Conduit Purchasers, the Committed Purchasers, the Managing Agents and JPMorgan Chase Bank, N.A., as Administrative Agent (collectively, the "Lenders") under its asset backed Variable Funding Note Purchase Facility (the "Conduit") requesting a reduction to the commitments under the Conduit from $215 million to $1 million and the termination of the Conduit as soon thereafter as administratively feasible. The reduction in commitments became effective on March 17, 2009. Termination is expected to occur prior to the maturity of the Conduit in May 2009. As previously reported, the Company repaid all outstanding balances under the Conduit in February 2009. The Lenders under the Conduit or their respective affiliates are also lenders under other financing arrangements of DTG and its subsidiaries.

Reduction of Capacity and Termination of the Commercial Paper Program and Liquidity Facility

On March 17, 2009, Dollar Thrifty Funding Corp. ("DTFC"), a special purpose financing subsidiary of DTG, provided notice to Credit Suisse, as Liquidity Agent, under its commercial paper program (the "Commercial Paper Program") and liquidity lending facility (the "Liquidity Facility") requesting a reduction in commitments under the Commercial Paper Program and Liquidity Facility from $277.5 million to $1 million. The reduction in commitments became effective on March 20, 2009. Additionally, DTFC requested that the Commercial Paper Program and Liquidity Facility be terminated as soon as administratively feasible. Termination is expected to occur prior to the maturity of the Commercial Paper Program and Liquidity Facility in May 2009. As previously reported, DTFC repaid all outstanding balances under the Commercial Paper Program and Liquidity Facility in February 2009. The majority of the lenders under these arrangements or their respective affiliates are also lenders under other financing arrangements of DTG and its subsidiaries.