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
Citrus Heights
Additional Travel Information
Planning a family vacation can be fun, especially when you want to take everyone to explore the gorgeous sights and sounds that Citrus Heights has to offer. Having access to affordable rental cars in Citrus Heights, California, makes the trip even better, and Budget Rent a Car on Auburn Boulevard is always there to help. The Budget staff is dedicated to providing their clients with the best possible Citrus Heights car rental experience. And with the wide variety of vehicles, ranging from compact cars to SUVs you’ll be sure to find the right vehicle for your trip. Budget Auburn Boulevard provides customers with a complimentary pick-up service, call to confirm your pick-up location is eligible.Take your kids to the Discovery Museum – Science and Space Center, right on Auburn Boulevard, to learn about all of the fascinating exhibits. For an even more engaging experience, be sure to visit the Scandia Family Fun Center for an amazing afternoon that the whole family will remember. The possibilities are endless when you visit Budget on Auburn Boulevard in Citrus Heights.At Budget Citrus Heights you are sure to find the perfect rental for your trip without breaking the bank. With so many vehicles to choose from it is easy to find a rental within your budget. If you are looking to save even more visit Budget.com to look for available rental car deals. You can save up to 30 percent just by booking your rental car online. Get your trip started on the right foot and book a Budget Auburn Boulevard car rental today.
Additional Location Information
Select from a wide variety of vehicles at Budget Citrus Heights, check out the latest Citrus Heights Car Rental Deals, and be confident that you are getting the best rental rates in California !
Book a Car Rental at Citrus Heights in 60 seconds!
Own or work here?
Nearby Businesses
