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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
Fairview Heights, IL
Additional Travel Information
Located just a 30-minute drive from St. Louis, Fairview Heights is a great place for travelers who want to explore the larger city without actually staying there. When you book rental cars from Budget Rent a Car at Lincoln Highway, you’re just a short drive from the St. Louis Arch, St. Louis Science Center and everything else St. Louis has to offer, but you’ll also find plenty of things to do in Illinois as well. Booking from Budget Car Rental at Lincoln Highway is so easy that you might wonder why you never did before. Not only can you browse the cars available on your trip, but you can also make additions to your package and see the total cost upfront. Reserving a car with a GPS navigation system from Budget Lincoln Highway ensures that you get to all the top attractions without getting lost along the way. Budget Illinois can also take care of any tolls you face on toll roads through its e-Tolls option, which lets you pay your fees ahead of time. Lincoln Highway runs through the center of the city and makes it easy for you to find your way around. Take the kids to local amusement parks like Splash City Waterpark, or see if lady luck is on your side at one of the nearby casinos. Lincoln Highway in Fairview Heights is just minutes away from these and other attractions. Today is the perfect day to find a Fairview Heights rental car deal to fit your travel budget. Start looking for great car rentals from Budget for your trip today.
Additional Location Information
Select from a wide variety of vehicles at Budget Fairview Heights, IL, check out the latest Fairview Heights, IL Car Rental Deals, and be confident that you are getting the best rental rates in Illinois !
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