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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
University District
Additional Travel Information
Seattle can be one of the most exciting destinations for a family trip, and to make the most of your stay, find a quality rental vehicle. Budget at the University District focuses on providing travelers with unique family packages on all of the latest vehicles. As soon as you stop by, you can choose from a variety of rental cars, many of which include navigational systems for easier driving.When you find the right car at the University District, you’ll have more chances to explore the city. Families can visit the Space Needle, one of the city’s must-see attractions, for its incredible view. For families interested in a more relaxing stay, there are plenty of parks available to visit, such as the famous Woodland Park. If you are more interested in a unique shopping experience, you can visit the Waterfront Park and the Pike Place Market, exploring the local wares at your own pace.Be sure to call Budget car rental University District as soon as you arrive in the city. If you are unable to make it to our University District Seattle lot, all you have to do is call us and we can send someone over to pick you up. Visit us today and see what an impressive array of energy-efficient vehicles we have available for your driving pleasure.
Additional Location Information
Select from a wide variety of vehicles at Budget University District, check out the latest University District Car Rental Deals, and be confident that you are getting the best rental rates in Washington !
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