Rate Budget Car Rental
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.
About this location:
Location
Walmart (inside)
Additional Travel Information
If you are taking a family vacation in Austin, Budget Rent a Car on the FM 620 North can provide you with a vehicle that will make your trip more convenient and enjoyable. This city, which is the capital of Texas, has a lot to offer people who want to take in the many cultural and historic attractions. Austin car rentals ensure that you get to visit all of the sights that interest you at your own convenience. After picking up your vehicle at FM 620 in North Austin, you’ll be able to see sights such as the famous State Capitol, the LBJ Presidential Library and Bullock Texas State History Museum. For dinner, you can enjoy some authentic regional cooking, the best Mexican cuisine and many international styles of food. This city is also famous for its live music scene, so be sure to check out some clubs at night. Rental cars provide you with the freedom to see everything this unique area has to offer. At the Budget Car Rental FM 620 North location, you’ll be able to find the size and style of car that is just right for your trip. If you have kids, you may want to rent a high performance SUV that has extra trunk space, air conditioning and AM/FM stereo. There are also plenty of smaller and mid-sized vehicles to choose from as well. Budget FM 620 North has a large selection of car rentals to choose from. To find the best Austin rental car deal, simply reserve your car online and head over to FM 620 North as soon as you arrive in town. 

Additional Location Information
Select from a wide variety of vehicles at Budget Walmart (inside), check out the latest Walmart (inside) Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
Book a Car Rental at Walmart (inside) in 60 seconds!
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