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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 Rosa
Additional Travel Information
Drink in San Franciscan culture by starting your vacation at Budget Rent a Car on Santa Rosa Ave. Rental cars make it easy for families and other adventure seekers to explore the NorCal coast, and the Budget Santa Rosa Ave location is also a great jumping-off point for trips to the Golden Gate Bridge, Yosemite National Park and ever-sunny Napa Valley.Stop at a local food truck for some authentic Californian fare before heading out to explore nearby state parks, like Annadel, Shiloh Ranch and San Pablo Bay National Wildlife Refuge. From Budget car rental on Santa Rosa Ave, it’s only a short hop to the 101, so the entire length of California is yours to command. Of course, you don’t even have to venture as far as San Fran to take in the sights and sounds; venues like the Petaluma Historical, Napa Valley and Depot Park Museums all cater to those who want to learn more about the history of the area around Santa Rosa Ave in Santa Rosa.No trip to the Golden State would be complete without a visit to the ocean, so just head west from Santa Rosa Ave to dip your toes in the water. Those who prefer quieter swimming holes may find themselves drawn to Suisun Bay or Lake Berryessa. With Santa Rosa car rentals that include off-roaders and SUVs, the high sierra hiking, biking and kayak tours all around the area make booking a Santa Rosa rental car deal from Budget all the more enticing. Check out our selection before your next wild Cali trip.
Additional Location Information
Select from a wide variety of vehicles at Budget Santa Rosa, check out the latest Santa Rosa Car Rental Deals, and be confident that you are getting the best rental rates in California !
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