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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
Savannah
Additional Travel Information
With the great interface at Budget Rent a Car on Abercorn, it’s never been easier to rent a car for your trip to the charming heart of the South. Take your family to see a beautiful part of the country in your choice of a wide selection of rental cars at Budget on Abercorn. The Savannah car rentals booking process is quick and easy, often taking less than 60 seconds. Pick one of our available car rentals, from larger SUVs and minivans to smaller fuel-efficient and luxury cars, book your reservation and drive off onto Abercorn in Savannah, all in under a few minutes. Your family can make good use of a Savannah car rental, and while you’re traveling on Abercorn, be sure to visit the Aquatic Center nearby, where there’s plenty of ocean wildlife and wet and wild fun for the whole family. Cruise down the river that runs through Savannah, or catch a show at the historic local theater. There’s plenty to do when you book a Savannah rental car deal with the Budget on Abercorn, and you can opt for an installed GPS so that you can easily find these attractions. With a Budget car rental on Abercorn Street, you’re sure to have a vacation that your whole family will enjoy. Book today and get ready for a vacation to remember.
Additional Location Information
Select from a wide variety of vehicles at Budget Savannah, check out the latest Savannah Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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