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
Tallahassee
Additional Travel Information
Tallahassee is Florida’s capital, and it enjoys the nearly year-round warm weather that makes the state so popular to visitors. Located in the northern in the panhandle part of the state, the city is home to Florida State University, making it a hub of culture. The city boasts a wide variety of attractions, such as the Challenger Learning Center and the Knott House Museum, and a rental car from Budget North Monroe Street can help you travel to these locations and more.Budget Rent a Car on North Monroe Street offers a complete lineup of Tallahassee car rentals. If you want to travel in style, consider a luxury coupe or sedan. For family outings, you can get a Tallahassee rental car deal on a minivan or SUV, which both provide plenty of seating for kids and storage space for luggage and souvenirs. The North Monroe Street Tallahassee Budget also has a variety of standard rental cars, including economy coupes and full-size sedans. Budget Car Rental on North Monroe Street is centrally located and just a few miles away from Interstate 10, which runs east to west through the panhandle and connects to Jacksonville. From North Monroe Street, you can head to the nearby Wakulla State Forest, Railroad Square or Keaton Beach. Wakulla Beach is south of the city, sits on the Apalachee Bay, which is just north of the Gulf of Mexico.To make car rentals as quick and easy as possible, sign up for Fastbreak today. Through this system, you can submit your information in advance, so you can be in your Budget rental car within a few minutes of arriving.
Additional Location Information
Select from a wide variety of vehicles at Budget Tallahassee, check out the latest Tallahassee Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
Book a Car Rental at Tallahassee in 60 seconds!
Own or work here?
Nearby Businesses
