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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
Firehouse Plaza Shopping Cntr
Additional Travel Information
When you are planning your next trip to Southern California, look at Ventura rental car deals for the best rates. You get the kind of vehicle that your family needs for a fraction of the usual price. The Budget Rent a Car at Firehouse Plaza Shopping Center even makes taking a vacation more comfortable with Sirius XM radio, GPS navigation, electronic toll passes and child safety seats. Ventura is located about 1.5 hours northwest of Los Angeles between Malibu and Santa Barbara. By driving a rental car, you control where you are going and the pace you get there. Hop on the 101 for views of the Pacific Ocean or head into the mountains on State Route 33. The Firehouse Plaza Shopping Center Ventura is conveniently located to get you on the road quickly. While you are in town, check out surfing conditions at the Ventura County Fairgrounds. This famous spot is only a few miles away from Budget Car Rental Firehouse Plaza Shopping Center. Stroll down the Ventura Pier and spend the afternoon playing in the sand. Then take teens to a new play at the intimate Rubicon Theatre. Let younger kids wander around the gardens and learn about the importance of Mission San Buenaventura. Be sure to drive up to Serra Cross Park for an evening picnic and enjoy unmatched views of the city and California coast. Save money and time by contacting Budget Rent a Car Firehouse Plaza Shopping Center. Reserve one of our rental cars today, and enjoy your time in the beautiful area after you pick it up. 

Additional Location Information
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