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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.

… more

About this location:

Location

Sparks

Additional Travel Information

As a rapidly growing small city, Sparks is becoming a popular home base for leisure travelers looking to explore Northern Nevada. Visitors are attracted to the beautiful mountain landscape, local family entertainment and close proximity to casino gaming. Bordering the city of Reno to the east, Sparks is less than 5 miles from several museums, high-end restaurants and resort casinos. With easy access to Sparks car rentals, visitors can enjoy area attractions to the fullest.

 The Budget Rent a Car Marietta Way makes setting up a reservation quick and easy. Budget on Marietta Way is a participating Fastbreak location. Sign up for Fastbreak and you can save your rental preferences and signature for the fastest, easiest rental experience. Guests can choose from a range of rental options at Budget car rental on Marietta Way, including fuel-efficient economy cars and minivans for the family. Vehicle enhancements such as GPS systems can make navigating to places like the Silver Legacy Resort and Atlantis Casino Resort a cinch. Book your reservation with the Budget at Budget.com and save up to 35 percent.
 Whether you want to hit the slots at Grand Sierra Resort or check out some live music at Sammy’s Showroom at Harrah’s Reno, a rental vehicle can make the trip easier. Rental cars are even more important for guests who want to enjoy some local outdoor activities. The area’s best ski slopes and hiking trails are a few miles outside the city. The northern end of Lake Tahoe is just a 45-minute drive from the area. Be sure to book at the Marietta Way Sparks Budget before your next trip to Northern Nevada.
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Additional Location Information

Select from a wide variety of vehicles at Budget Sparks, check out the latest Sparks Car Rental Deals, and be confident that you are getting the best rental rates in Nevada !
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