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
North Loop Houston
Additional Travel Information
Family travelers who are interested in exploring Houston, Texas, should make sure that they have a reliable car during their stay. The right rental allows you to enjoy more driving freedom when you visit the local attractions. Budget at North Loop West focuses on providing all drivers with a high-quality rental vehicle to get more out of their family trip. As soon as you stop by our Budget car rental North Loop West lot, you will be able to browse through an impressive selection of vehicles, many of which feature additions such as e-toll and navigational systems.If you are traveling with your kids, one of the first places that you will want to go is the Children’s Museum of Houston. If you are interested in taking your family to a more adventurous destination, you can always visit the Gerald D. Hines Waterwall Park and see what attractions there are for you to enjoy. Kemah Boardwalk can be another excellent stop, especially if you are interested in taking your family shopping and experiencing some of the local flavor that Houston has to offer.If you first arrive to the city and are unable to come to our North Loop West Houston offices, simply call us, and we will have a professional come pick you up. Our capable representatives will be able to help you find the vehicle you are looking for as soon as you arrive at our North Loop West location. Call us today and see what impressive deals we can offer on all the latest rental vehicles.
Additional Location Information
Select from a wide variety of vehicles at Budget North Loop Houston, check out the latest North Loop Houston Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
Book a Car Rental at North Loop Houston in 60 seconds!
Own or work here?
Nearby Businesses
