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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
Toledo Express Airport
Additional Travel Information
The best way to see everything Sawnton, Ohio has to offer is by car, and nobody does Toledo Express Airport rental cars better than Budget Car Rental. Our counter is on-site at the Toledo Express Airport (TOL), so you can pick up your TOL car rental from our Swanton airport car rentals lot almost as soon as you land.
Ounce you’re out and about, drive out to Swanton Memorial Park, home of the “Spirit of the American Doughboy” statue by E.M. Viquesney, given to the city by the French to commemorate soldiers lost during World War I. The park also features baseball diamonds, soccer fields, and the Ai Creek.
Pack up the kids and head to Pilliod Park beside the Swanton Public Library for a picnic under one of the gazebos, a visit to the red caboose, or to enjoy the festive light display during the winter months. At the end of August, Swanton hosts its annual Corn Festival, featuring a singing challenge, car show, volleyball tournament, food, and a parade—in other words, something everyone in the family will enjoy.
Choose Budget as your provider of airport car rentals in northwestern Ohio, and don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Toledo Express Airport, check out the latest Toledo Express Airport Car Rental Deals, and be confident that you are getting the best rental rates in Ohio !
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