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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
Santa Clara
Additional Travel Information
When you and your family are visiting the central coast of California, a Santa Clara rental car deal gives you the freedom to explore the area. Budget Rent a Car El Camino Real has car rentals that can fit your family needs. Depending on the size and age of your family, choose from rental cars that include sedans, SUVs and mini-vans. Budget El Camino Real has a Santa Clara rental car deal suitable for you.Once you secure the car of your choice from Budget car rental El Camino Real, you can head out to explore the city and surrounding areas. Head east on El Camino Real to the Statue of Saint Clare and continue to the University. On campus, you can tour the Mission and gardens. Nearby, check to see if the Edward Peterman Museum of Railroad History is open, especially if anyone in your family enjoys model trains. Downtown, visit the Triton Museum of Art, or you can head over to tour Intel Corp and Museum and learn about the history of computers.With Santa Clara rental cars, you don’t have to be limited to the city. Head north to Great America for a day of rides and entertainment. If you have sports enthusiasts in the family, set up a tour of Levi Stadium and enjoy its high tech features. For the air and space travel buff, get to the NASA Ames Visitor Center and the Moffett Field Historical Society Museum. When you are planning your trip and need Santa Clara car rentals, be sure to contact Budget El Camino Real to reserve your vehicle.
Additional Location Information
Select from a wide variety of vehicles at Budget Santa Clara, check out the latest Santa Clara Car Rental Deals, and be confident that you are getting the best rental rates in California !
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