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
Austin
Additional Travel Information
It’s among the fastest growing travel destinations in the country, so it’s not surprising that so many people are searching for deals on Austin car rentals. Whether you’re traveling to the city on your own or with your family, Budget Rent a Car on Burnet Road can help you find the perfect vehicle to fit your trip. Located near Highway 183, Budget Burnet Road is ideal for travelers who’d like to experience the many points of interest nearby. Take a quick drive to the State Capitol or visit the Lyndon B. Johnson Presidential Library. Lovers of the outdoors can wander the Lady Bird Lake Hike-and-Bike Trail, take a dip in the Barton Springs Pool or explore the Westcave Outdoor Discovery Center. With vehicles ranging from compact cars to full-size passenger vans, Budget car rental on Burnet Road offers car rentals to carry your whole family safely and comfortably. There are few places in the world with as much to offer in the way of education, museums and the arts. Our Burnet Road location is within easy driving distance of the University of Texas, for example, as well as the State History Museum and the Harry Ransom Center. Zach Theatre, One World Theatre and the Moody Theater are also each relatively nearby. The lifeblood of the city, though, is music. Depending on the time of year, travelers who find an Austin rental car deal can check out South by Southwest, Austin City Limits, Fun Fun Fun Fest or the Old Settler’s Music Festival. Choose from the selection of rental cars available at our Burnet Road Austin location, and you and your family are on your way to a memorable trip.
Additional Location Information
Select from a wide variety of vehicles at Budget Austin, check out the latest Austin Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
Book a Car Rental at Austin in 60 seconds!
Own or work here?
Nearby Businesses
