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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
East Tucson
Additional Travel Information
Tucson is the second most populous city in the state and located in the Arizona Sun Corridor. The city is known for its incredible landscape as a result of being located in the Sonoran desert and surrounded by mountain ranges. It is just 60 miles north of the Mexican border and just over 100 away from Phoenix, so if you’re interested in exploring areas around the city, be sure to look into Tucson car rentals from Budget on East 22nd Street. Budget Rent a Car on East 22nd Street offers a great variety of rental cars. If you’re interested in saving money, you can get a Tucson rental car deal on a compact or economy sedan or coupe. For a roomier vehicle, you can select a premium sedan or get an SUV. If you’re concerned about being able to navigate through this sprawling city, the East 22nd Street Tucson location gives you the option of adding GPS to a rental. East 22nd Street is in the heart of the city and just a few miles to the east of Interstate 10. Once you’ve picked up your rental, you can head to the Pima Air and Space Museum or the University of Arizona Museum of Art. If you’re feeling adventurous, you can take a trip to Mount Lemmon or spend some time exploring the Saguaro National Park. When you book online with Budget Car Rental at East 22nd Street, consider paying in advance so that you can save up to 30 percent off of your rental. Register for Fastbreak today to make picking up car rentals fast and easy; you can simply flash your license, grab your keys and go.
Additional Location Information
Select from a wide variety of vehicles at Budget East Tucson, check out the latest East Tucson Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
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