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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.
About this location:
Location
Bakersfield
Additional Travel Information
Bakersfield is located in California’s San Joaquin Valley between Fresno and Los Angeles. The city is in the southern part of the state and just a few hours from the coast, and it is adjacent to a number of natural attractions, including the Sierra Nevada mountain range and the Sequoia National Forest. To ensure that you can get the most out of your trip and see as much of the state as possible, look into Wible Road Bakersfield car rentals.Getting a Bakersfield rental car deal is a breeze at the Budget Rent a Car Wible Road location, which is near the heart of the city. Wible Road in Bakersfield is near Highway 58 and Highway 99, also known as the Golden State Highway, which connects to Interstate 5. Budget Wible Road has a number of rental cars to choose from, starting with two-door economy vehicles and going up to full-size sedans. Once you’ve picked up your rental, you can head into the city and visit the Kern County Museum or the Buena Vista Museum of Natural History. If you’re interested in outdoors activities, the city is filled with opportunities to hike, bike and take in the scenery at the Kern River County Park, the Panorama Park and the Kern River Upland Park. Should you be interested in seeing other popular parts of the state, you can get on I-5 and head south, which will take you to Los Angeles and San Bernardino.Car rentals with Budget Car Rental Wible Road can be made even easier with Fastbreak. Sign up today and at participating locations flash your license, grab your keys and go.
Additional Location Information
Select from a wide variety of vehicles at Budget Bakersfield, check out the latest Bakersfield Car Rental Deals, and be confident that you are getting the best rental rates in California !
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