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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

Berkeley

Additional Travel Information

Whether you have planned a trip with your teenager to tour the University of California campus, or simply planning a tour as part of your family’s greater Bay adventure, the Budget Rent a Car Kittredge Street location can provide you with superior flexibility and affordability for your family. Conveniently located mere blocks from the campus and close to such attractions as the Landmark Theatres and downtown, you’ll have great proximity to your destination as soon as you leave the lot.Located on the Bay, the city has so much to offer that you’ll find it difficult to see it all. Budget Kittredge Street can provide your family with a vehicle so that you can spend the day exploring Tilden Park’s 2,000 acres. Enjoy the sandy beaches of Lake Anza for an afternoon enjoying the sun and water, or take the scenic train ride and have fun on the merry-go-round. This park is a must-see and can provide an entire day’s worth of enjoyment.Berkeley car rentals are a smart and economical way to access tourist attractions on your trip. Whether you want to experience the natural beauty offered by the city’s Rose Garden or at the University of California Botanical Garden, Budget car rental on Kittredge Street can get you there safely, efficiently and according to your own schedule.Using public transportation is simply not an option if you want to experience the city as it should be. Call Budget to learn about available Berkeley rental car deals or book online and save up to 35 percent. Kittredge Street, located just blocks away from campus, is easy to find. With the available vehicles at the location, your family is sure to find the one best suited for you on Kittredge Street in Berkeley.

Additional Location Information

Select from a wide variety of vehicles at Budget Berkeley, check out the latest Berkeley Car Rental Deals, and be confident that you are getting the best rental rates in California !
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