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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
Washington DC Blair Road
Additional Travel Information
When you are looking for a Washington rental car deal in preparation for a trip to the nation’s capital, Budget Rent a Car at Blair Road Northwest has exactly what you need. Whether you choose a van or SUV with plenty of room for the family or a convertible to cruise around the city, you can have it when you rent with Budget. With so many sights to see, you could opt for a GPS-equipped car to take the hassle out of finding directions. From Budget at Blair Road Northwest, you can make your way to the Lincoln Memorial, the U.S. Capitol and all the structures near the National Mall. If you like museums, you can include the various Smithsonian locations in your itinerary when you depart from our Blair Road Northwest D.C. location. By enrolling in Fastbreak, you can flash your license, grab your keys and go. With our e-Toll service, you won’t have to deal with lines and traffic back-ups at toll booths; you can simply drive right through. With Washington car rentals from Budget, you can easily make the drive to Mount Vernon and see the home of the nation’s first president. Budget car rentals from Blair Road Northwest allow you to be on your own schedule with no waiting for public transportation. A trip to Washington can give the kids a hands-on history lesson while still being fun. With your Budget car rental from our Blair Road Northwest location, you can take a drive along the Potomac River or even make a trip to the Chesapeake Bay. When planning your next vacation, book your car online with Budget. It can be done in 60 seconds or less.
Additional Location Information
Select from a wide variety of vehicles at Budget Washington DC Blair Road, check out the latest Washington DC Blair Road Car Rental Deals, and be confident that you are getting the best rental rates in District Of Columbia !
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