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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
Westin Hotel (Downtown)
Additional Travel Information
When renting a vehicle from Budget Rent a Car on East Ocean Boulevard, you may select an automobile that is especially fuel-efficient, or you can choose a sizable SUV that is able to easily accommodate a large family. The company provides car rentals that have all-wheel drive and especially wide tires, which can help a vehicle to handle wet streets and dirt roads. You can also choose a car with a cutting-edge GPS, and many of these systems provide audible directions. When you want to get a Long Beach rental car deal, Budget on East Ocean Boulevard can send a shuttle that will pick you up in the city.After picking up rental cars at our office on East Ocean Boulevard in Long Beach, travelers can explore the Museum of Latin American Art and the Rancho Los Alamitos. You will be able to check out the El Dorado Regional Park, which features a golf course, sizable picnic areas, several basketball courts, a soccer field and numerous tennis courts. If you are interested in marine life, you and your family can drive to the Aquarium of the Pacific, and this facility has a state-of-the-art theater, a sizable lagoon for sharks and an exhibit that contains many types of migratory birds.In order to browse Budget’s selection of Long Beach car rentals, you can visit our website. Before choosing a Budget car rental from East Ocean Boulevard, sign up to be a member of Fastbreak, which will let you skip paperwork at our office. As a member of Fastbreak, you can skip the line, flash your license, grab your keys and go.
Additional Location Information
Select from a wide variety of vehicles at Budget Westin Hotel (Downtown), check out the latest Westin Hotel (Downtown) Car Rental Deals, and be confident that you are getting the best rental rates in California !
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