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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
Cherry Hill – Pine Tree Plaza
Additional Travel Information
When you have a reliable vehicle ready to take you where you need to go for your family vacation, you will find it much easier to enjoy your trip. Budget Rent a Car Pine Tree Plaza features a large selection of rental vehicles including compact cars, full-size sedans, SUVs and minivans –perfect for all vacationer’s needs. All visitors planning on a trip through Cherry Hill, New Jersey, should contact Budget car rental Pine Tree Plaza to see what cars are available for their driving pleasure. In addition to the wide selection of vehicles, Budget also offers a variety of trip enhancements including GPS navigation, e-Toll and child safety seats. Don’t have a ride? Call Pine Tree Plaza Cherry Hill, and take advantage of our complimentary pick-up service. After selecting the perfect vehicle, the city outside Budget Pine Tree Plaza features many family-friendly destinations to visit. The Garden State Discovery Museum is particularly recommended with many exhibits and activities in which you and your whole family can take part. Be sure to visit the Adventure Aquarium, located a convenient drive away from Pine Tree Plaza, as well. After all your exploring, you can always check out the variety of sales and deals that can be found at the Cherry Hill Mall. No matter what kind of trip you are planning, Budget will be able to accommodate you with the best Cherry Hill car rentals available. Call Budget as soon as you arrive in the city, to book an incredible Cherry Hill rental car deal or book online at Budget.com and save up to 35 percent. With an extensive selection of rental cars available for all travelers, Budget is the premier group to contact for all vacation rental needs. 

Additional Location Information
Select from a wide variety of vehicles at Budget Cherry Hill – Pine Tree Plaza, check out the latest Cherry Hill – Pine Tree Plaza Car Rental Deals, and be confident that you are getting the best rental rates in New Jersey !
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