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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
Yuma
Additional Travel Information
The South Pacific Avenue Budget is where smart visitors go when they’re in search of car rentals that make it easier to accomplish everything on their vacation itineraries. Half the fun of leisure travel lies in following your heart to wherever your fancy takes you. That’s why the Yuma car rentals from Budget are ideal for exploring the wide-open highways of this desert state. Get to know the southwest with a Yuma rental car deal, and you’ll never once regret choosing such an expansive vacation spot. The bargains at Budget Rent a Car on South Pacific Avenue include affordable fuel policies and even prepaid options, so you won’t have to skip neat attractions just to keep your travel costs low. Our economic additional driver policy also makes it easy to switch off with your spouse without worrying about surcharges; it’s up to you whether you reach your next destination in record time or take in the sights. The Budget on South Pacific Avenue is all about giving you the freedom of choice to make your trip memorable. Stay local and check out Roxaboxen Park after reading your kids the book, or explore Kola and Cabeza Prieta wildlife refuges on your way to Phoenix. The Budget car rental South Pacific Avenue location offers handy add-ons like satellite navigation, so no matter where you decide to go, you can get there confidently. Don’t worry about mishaps along the way either. Just ask the South Pacific Avenue Yuma Budget staff about optional coverages to make your voyage safer. Learn more about enjoying the Southwest by reserving soon.
Additional Location Information
Select from a wide variety of vehicles at Budget Yuma, check out the latest Yuma Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
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