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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
Jacksonville – Atlantic Blvd
Additional Travel Information
Picking up rental cars at our Budget Rent a Car Atlantic Boulevard location is the simplest way for families to enjoy their favorite sandy getaways. You can soak up the sun without breaking a sweat by following Atlantic Boulevard east to discover beaches like Neptune and Atlantic, or you might take a quick trip north to the historic preserves and parks of islands like Fort George and Talbot. Budget on Atlantic Boulevard puts you in the perfect position to voyage all the way north to Savannah to cap your trip off with a healthy serving of Southern hospitality. Budget car rental on Atlantic Boulevard offers Jacksonville car rentals to suit practically any need. You can enjoy Florida to the fullest while you drive a comfortable SUV or luxury vehicle to downtown attractions like the Children’s Museum or Fire Museum. When you want to visit educational spots like Karpeles Manuscript Library Museum, there’s no need to worry about messing with maps; just pick a Budget Jacksonville rental car deal that comes with a handy GPS to keep your voyage on track.From our Budget Car Rental lot, travelers can follow Atlantic Boulevard across Jacksonville and explore the city. Flexible rental and drop-off conditions make it easy to traverse the entire state to visit Universal Studios and other Orlando fixtures. Make your reservation with Budget today to cross more items off your family’s dream vacation itinerary.
Additional Location Information
Select from a wide variety of vehicles at Budget Jacksonville – Atlantic Blvd, check out the latest Jacksonville – Atlantic Blvd Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
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