Rate Budget Car Rental
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
Sears Auto Center-NewPark Mall
Additional Travel Information
The next time you start planning a getaway to the Bay Area in California, keep costs at an all-time low and fun at an all-time high by choosing a Newark rental car deal from the Budget Rent a Car New Park Mall. The ideal location makes it a convenient place to pick up and drop off your rental car in a hurry, and even the New Park Mall itself is a great attraction thanks to plenty of shops, restaurants and even entertainment venues.Make the most of your time in Newark by booking rental cars that let you see the entire region on your own schedule. Kids and adults alike might want to make a splash at the Silliman Family Aquatic Center, or you could plan an outing that lets you step back in time at the Ardenwood Historic Farm. Whether your version of the perfect vacation day in California includes admiring the flora and fauna at the Don Edwards San Francisco Wildlife Refuge or catching live music performances at The Grove, car rentals make it easier to do it all.Instead of hopping on the BART to get to nearby San Francisco or piling the whole family into an expensive taxi, make the most of your next Bay Area getaway by booking a rental car from the Budget New Park Mall. The convenient location of the New Park Mall in Newark coupled with the affordable rates from Budget make this an easy choice. Whether you want a car with low gas mileage to tour the Pacific Coast or a stylish convertible to soak up the sun near the Lake Area, choose Budget, your best bet in Newark.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Center-NewPark Mall, check out the latest Sears Auto Center-NewPark Mall Car Rental Deals, and be confident that you are getting the best rental rates in California !
Book a Car Rental at Sears Auto Center-NewPark Mall in 60 seconds!
Own or work here?
Nearby Businesses
