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
Palm Springs
Additional Travel Information
Palm Springs car rentals are an essential part of making the most of your California family vacation. Getting a Palm Springs rental car deal will allow you to explore the Coachella Valley as well as taking in all this resort town has to offer, which includes golf, swimming, hiking and exploring the San Bernardino Mountains.Budget Rent a Car South Williams Road is located centrally in Palm Springs. South Williams Road Palm Springs is just minutes away from Interstate 10, also known as the Christopher Columbus Transcontinental Highway, and State Route 111, so it’s the perfect place to pick up car rentals.The Budget South Williams Road location offers a wide range of rental cars at very affordable prices. If you’re traveling light or looking for a great deal, consider one of our 2- or 4-door compacts. For family outings, you may want to consider something roomier, like a full-size sedan. The South Williams Road Budget also offers standard and intermediate SUVs, which are great if you plan on spending some time in the great outdoors and need storage space for equipment and supplies.If you’re a golfer, you’ll find Palm Springs to be an unbeatable vacation destination. Just a few miles from Budget are the Tahquitz Creek Golf Resort and the Cathedral Canyon Golf Club. There are also a number of resorts and spas nearby, including the JW Marriott Desert Springs Resort and Spa and the Omni Rancho Las Palmas Resort & Spa.The Budget car rental South Williams Road location is a participating Fastbreak location, which allows you to speed through your pickup. Sign up for FastBreak today, and you can simply show your license and pick up your keys without having to deal with registration at the counter.
Additional Location Information
Select from a wide variety of vehicles at Budget Palm Springs, check out the latest Palm Springs Car Rental Deals, and be confident that you are getting the best rental rates in California !
Book a Car Rental at Palm Springs in 60 seconds!
Own or work here?
Nearby Businesses
