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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
Kearny Mesa
Additional Travel Information
Budget Rent a Car Kearny Mesa has numerous locations in the central districts of San Diego, which are conveniently located near Interstate 5, Interstate 8 and Route 163. Budget Rent a Car Kearny Mesa is a participating Fastbreak location. With Fastbreak, you can save your rental preferences and signature in advance. This allows you to skip the lines, flash your license, grab your keys and go. You may reserve an especially energy-efficient vehicle, a truck, a van, an SUV or a stylish convertible.After obtaining San Diego car rentals, visitors will be able to drive to numerous attractions, such as Presidio Park and the Tecolote Canyon Natural Park. You can visit the USS Midway Museum, which is positioned in the city’s western section and allows guests to participate in extensive tours of an aircraft carrier. You will be able to drive the Budget car rental to the San Diego Museum of Man. This institution’s exhibits offer information about the history of human beings and ancient empires.Many visitors check out Petco Park, which is the home of the San Diego Padres and hosts more than 80 baseball games every year. Visitors also frequently drive their Budget car rentals from Kearny Mesa to Windansea Beach, which is a well-known destination for surfers from all regions of California. Furthermore, you can explore the Cleveland National Forest, and this reserve contains many waterfalls, numerous mountains, extensive trails, several lakes and an astronomical observatory. If you want to explore a wide range of attractions in Kearny Mesa San Diego, you should book one of Budget Rent a Car’s high-quality vehicles. When you are ready to obtain a San Diego rental car deal, we can pick you up at your location. Give us a call to confirm your pick up location is eligible.
Additional Location Information
Select from a wide variety of vehicles at Budget Kearny Mesa, check out the latest Kearny Mesa Car Rental Deals, and be confident that you are getting the best rental rates in California !
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