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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
Seattle-Tacoma Intl Airport
Additional Travel Information
You’ll need a set of wheels to enjoy the Seattle-Tacoma area to the fullest, and preferably at a good deal. That’s where Budget Car Rental comes in. Our diverse fleet of airport car rentals and our great everyday low prices make Budget the ideal choice for rental cars that don’t cost an arm and a leg.
If you’re coming to Seattle by plane, you’ll be touching down at the Seattle-Tacoma International Airport (SEA). The Budget rental counter and our SEA car rental lot are located right on-site, so you can pick the perfect vehicle out of our selection of Seattle airport car rentals almost as soon as you land. And don’t forget to sign up for the Fastbreak program.
Once you’re in town, be sure to visit Pike Place Market, one of Seattle’s most popular tourist attractions. It’s best known for its food stalls, stores, street entertainers and tradition of flinging customers’ fresh fish orders right across the shopping area.
Choose one of Budget’s Seattle-Tacoma International Airport rental cars to travel around this bustling city, and visit Seattle’s oldest neighborhood, Pioneer Square, where horse-drawn carriages meander down cobblestone roads lined with art galleries, bookstores, antique shops, cool restaurants and buzzing nightclubs.
Whatever you wind up renting to cruise through the “Emerald City,” you’ll get the best deal on it at Budget.
Additional Location Information
Select from a wide variety of vehicles at Budget Seattle-Tacoma Intl Airport, check out the latest Seattle-Tacoma Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Washington !
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