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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.

… more

About this location:

Location

Medford Rogue Valley Intl Apo

Additional Travel Information

Almost 75 miles east of the Pacific Coast and nearly 27 miles from the California border lies the city of Medford, Oregon, where you can find wholesome food, quality wine, outdoor recreation and a solid cultural scene. Make the most of everything this area has to offer in the comfort of a quality vehicle from Budget Car Rental. Our airport car rentals counter is located on-site at Medford Rogue Valley International Airport (MFR), so picking the perfect MFR car rental for your trip from our wide selection of Medford Rogue Valley International Airport rental cars couldn’t be easer. In a hurry? Sign up for the Fastbreak program.

A minivan or four-door sedan from Budget’s fleet of Medford airport car rentals will give you the passenger room and storage space necessary for traveling comfortably with your whole family to Bear Creek Park the second largest in the city covering almost 100 acres. The grounds are home to a BMX track, a children’s playground, an amphitheater, and community garden. Drive out to the east side of the city and visit one of its most important landmarks, Roxy Ann Peak, where the main 3.4-mile hiking trail provides breathtaking views of the Rogue Valley. Attend the Art in Bloom festival held near Mother’s Day each year at the Vogel Plaza located at the intersection between Central Avenue and Main Street in downtown Medford. This two-day event features over 75 artist’s showcases, children’s activities, food, workshops, and live performances.

With a reputation for reliability, quality and great prices, Budget continues to be the preferred choice of frequent travelers all over the world. Discover what we have on offer today.

Additional Location Information

Select from a wide variety of vehicles at Budget Medford Rogue Valley Intl Apo, check out the latest Medford Rogue Valley Intl Apo Car Rental Deals, and be confident that you are getting the best rental rates in Oregon !
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