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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
Chili's Shopping Center
Additional Travel Information
Located along the Atlantic coastline and just 25 miles from the Georgia border, Jacksonville is the largest city in the United States and the most populous in the state of Florida. It is a popular destination due to its amazing shopping and entertainment centers, and its easy-access beaches can be visited year-round thanks to the state’s warm tropical climate. Since the city is so expansive, you’ll want to take advantage of a Jacksonville rental car deal from Budget at the Chili’s Shopping Center to be sure that you can see and do as much as possible on your vacation.Budget Rent a Car Chili’s Shopping Center is a great place to pick up car rentals due to its convenient proximity to both Interstate 95 and Interstate 295. At the Chili’s Shopping Center location, you’ll find a variety of quality vehicles, perfect for everything from romantic stays to family trips. In addition to coupes and minivans, enjoy our wide selection of compact economy cars, mid-sized sedan, fuel-efficient hybrids and full-sized SUVs. Once you leave the Chili’s Shopping Center in Jacksonville, you can head to the Cummer Museum of Art and Gardens, the amazing Bryan Gooding Planetarium or Adventure Landing, an amusement park with exciting rides for a day of fantastic fun. If you visit the city during the spring, be sure to check out the annual blues festival Springing the Blues.When you book with Budget car rental at the Chili’s Shopping Center, you can pay in advance and save up to 35 percent on your next rental, so be sure to take advantage of these great family deals on top of low rental prices.
Additional Location Information
Select from a wide variety of vehicles at Budget Chili's Shopping Center, check out the latest Chili's Shopping Center Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
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