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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

Charlottesville Airport

Additional Travel Information

Charlottesville, Virginia, situated in the foothills of the Blue Ridge Mountains, is a juxtaposition of urban and rural life filled with United States history, arts and culture, as well as home to the University of Virginia. Upon your arrival at Charlottesville-Albemarle Airport (CHO), head over to the Budget Car Rental counter for the best in Charlottesville airport car rentals with some of the best deals on airport car rentals in the state, whether you choose a convertible or compact CHO car rental, or something larger like a luxury car or SUV. And don’t forget to sign up for the Fastbreak program.

Charlottesville’s Historic Downtown Mall is lined with beautiful pedestrian brick-paved walkways and a mix of renovated and restored buildings, housed with more than 120 shops and 30 restaurants. Enjoy family fun at the ice park, visit the nearby Virginia Discovery Museum, attend a live play or movie, or just relax under stately oak trees and people watch.

Another popular drive here is out to the James River for an exciting self-guided float trip streaming by wooded foothills and glimpses of blue herons, bald eagles, deer and ospreys. Freshwater fishing enthusiasts should bring poles and tackle for central Virginia’s unsurpassed small mouth bass fishing. Steer to Monticello, an architectural treasure recognized as a United Nations World Heritage site and the mountaintop home to President Thomas Jefferson. The outdoor gardens operate daily tours from April through October while guided tours of the house are led year round.

Charlottesville-Albemarle Airport rental cars from Budget are the perfect complement to any vacation in Virginia’s Blue Ridge Mountain region. Choose Budget for all your rental car needs, wherever you go, and you won’t be disappointed.

Additional Location Information

Select from a wide variety of vehicles at Budget Charlottesville Airport, check out the latest Charlottesville Airport Car Rental Deals, and be confident that you are getting the best rental rates in Virginia !
Book a Car Rental at Charlottesville Airport in 60 seconds!

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