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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
Mandarin Square
Additional Travel Information
Family travelers who are on their way to Jacksonville might want to consider investing in a car rental when they arrive. Not only can the right vehicle provide visitors with more personal time to enjoy, but it can also allow them the freedom and convenience to visit their favorite attractions in the city. Budget Mandarin Square is one of the most reliable companies in the area. We are dedicated to providing all drivers with an impressive selection of the latest rental vehicles, from compact economy cars, to mid-sized sedans, fuel-efficient hybrids or full sized SUVs. From energy-efficient models to roomier ones, there is something for everyone at our Budget car rental Mandarin Square lot.With a rental car, you can plan your trip even more conveniently. One of the first places on the itinerary should be the Zoo and Gardens, an exciting opportunity to observe Florida’s unique wildlife up close. For a variety of amazing shows and games, visiting the Veterans’ Memorial Arena can also be a good idea, especially during planned events. If you and your family love horses, do not miss your chance to visit the Equestrian Center and enjoy a ride through scenic trails, paced at your level of comfort.When you arrive to at city and are unable to get to our location, be sure to call us and request a driver to pick you up. Our driver will take you to our Mandarin Square Jacksonville location at your earliest convenience. Call us and see what Jacksonville rental car deal is right for you.
Additional Location Information
Select from a wide variety of vehicles at Budget Mandarin Square, check out the latest Mandarin Square Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
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