Rate Budget Car Rental
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
La Quinta Inn and Suites
Additional Travel Information
Springfield, Massachusetts, has a great deal to offer families. The Dr. Seuss National Memorial Garden, the Basketball Hall of Fame and Forest Park are just some of the attractions that this city features. Families need a dependable, top-quality rental car that they can trust to transport them around town. Budget rent a car at La Quinta Inn and Suites has an excellent selection of vehicles that are sure to meet your family’s needs. Our website features detailed information on the cars that we have available to rent. The La Quinta Inn and Suites in Springfield is one of our popular locations. No matter what your family’s needs are, we are confident that you will find what you need at our Budget La Quinta Inn and Suites location. If you are in a hurry, our Fastbreak feature at our La Quinta Inn and Suites location will help you get your Springfield car rentals quickly. Just flash your license, grab your keys and go. From there, travelers who are interested in learning can head to the Springfield Armory to learn about historic weaponry or visit the Springfield Science museum. Choose Budget car rental La Quinta Inn and Suites and start your vacation with a smile. You can search for a special Springfield rental car deal and select options like e-Toll and GPS so that your vacation goes as smoothly as possible. Booking online can reduce the price of the rental by up to 30 percent.
Additional Location Information
Select from a wide variety of vehicles at Budget La Quinta Inn and Suites, check out the latest La Quinta Inn and Suites Car Rental Deals, and be confident that you are getting the best rental rates in Massachusetts !
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