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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
Sears Auto Center
Additional Travel Information
Budget Rent a Car at the West Oaks Mall focuses on providing all family travelers with efficient packages on their rental cars. We offer all visitors reliable vehicles available at our Budget West Oaks Mall location. Our capable representatives can help you find the right vehicle for your family vacation, and we make sure to include standard reservation options if you already know what type of car you would like.Once you have the vehicle, you can choose to visit any number of attractions from West Oaks Mall. One of the first places that family travelers should visit is the Houston Zoo. With exhibits and exciting facts for your kids to enjoy, it is easy to see why so many love to go. The Houston Museum of Natural Science can be another exciting trip, especially if you are interested in learning more about older exhibits and studies. If you and your family are looking for something more adventurous, be sure to visit the Wet’n’Wild Splashtown water park and enjoy some of the local attractions featured there.Our company has been in business for many years, and our Budget car rental West Oaks Mall location is just one of thousands all over the world. We are dedicated to providing an enjoyable rental experience for all of our customers. As soon as you visit our West Oaks Mall Houston lot, you can browse through our impressive selection. No matter what kind of vehicle you are looking for, be sure to call us today and see how we can help you with your search.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Center, check out the latest Sears Auto Center Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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