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Our Factsheet

Growing the business since 1958

In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.

Quick History

Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.

In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.

In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.

In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.

In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.

In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.

In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.

In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.

In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.

… more

About this location:

Location

Augusta Mall – Sears Auto Ctr

Additional Travel Information

Whether you’re just in town checking out sights like Phinizy Swamp and the Riverwalk or you’d like to see the Masters tournament on its home turf, Augusta car rentals are the key to enjoying yourself. Visit the Budget Rent a Car Augusta Mall lot to pick up the perfect van or SUV for your whole family before trekking south to Savannah, or get cozy in a pickup that leaves room for the tents, coolers and camping gear you’ll be taking to Oconee National Forest. Fortunately for those who haven’t quite locked in their itineraries, the Budget car rental Augusta Mall lot is close to both Interstate 520 and the Carl Sanders Highway. These routes are pretty straightforward, so those who find their Augusta rental car deals at Budget have a clear shot around town or into South Carolina on the other side of the Savannah River. You’re more likely to appreciate the warm southern climate and legendary local hospitality if you just take things easy. At the Budget of Augusta Mall in Augusta, you’ll discover plenty of comfortable, spacious car rentals to help you complete your mission to relax. Ensure your trip doesn’t make too big of a dent in your bank account by checking out our special Augusta Mall deals, or reduce your travel-related stress by adding perks like insurance coverage and automatic toll payment. With a historic downtown, annual arts festivals, air shows and the Georgia-Carolina State Fair, Augusta, Georgia, is full of things to do. Book a rental from Budget soon to get the best rates during your next fun-filled vacation.

Additional Location Information

Select from a wide variety of vehicles at Budget Augusta Mall – Sears Auto Ctr, check out the latest Augusta Mall – Sears Auto Ctr Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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