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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
Athens, GA
Additional Travel Information
As home of the University of Georgia, Athens is a town that sees many visitors during the course of the year. When the Bulldogs are playing at home, Sanford Stadium is filled with thousands of fans who use the game as a weekend getaway. If you are looking for an Athens rental car deal for an upcoming trip, our office on West Broad Street can put you in a vehicle that lets you ride with comfort and style. You can make your reservation online in less than 60 seconds, and by using the Fastbreak service, you can be in and out of Budget car rental West Broad Street in practically no time at all. With the time saved, you could drive by City Hall and see the famous double-barreled cannon on display.By getting your car from Budget Rent a Car on West Broad Street, you will be able to visit the many popular attractions that are scattered throughout the state. Why limit your family to public transportation when rental cars give you the freedom to see what you want on your own timetable? To let the kids get a taste of nature, you could drive to the Sandy Creek Nature Center or visit the Bear Hollow Zoo. If you are bringing a group to a game and need a van or SUV or bringing prospective student to tour the campus, we have Athens car rentals that are perfect for your needs. Whether you want to take a quiet stroll through the State Botanical Garden or see a live concert at the Georgia Theatre, a dependable vehicle from Budget West Broad Street will make your trip more enjoyable. The next time you are planning a family vacation, reserve your rental car from Budget.
Additional Location Information
Select from a wide variety of vehicles at Budget Athens, GA, check out the latest Athens, GA Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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