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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
Atlanta/Stone Mountain
Additional Travel Information
Atlanta is a thriving city for up and coming professionals and a popular destination for visitors. With a whole lot of ground to cover, a rental car is highly recommended. Budget Rent a Car at Stone Mountain can help match you with the perfect car rental. We have a wide selection of choices, including standard, luxury, small, mid-sized and sports utility vehicles. Not to mention, we have all the latest models and premium brands. Our GPS navigation system is a helpful add-on to help guide you through the streets of one of the busiest cities. With drop-off locations all over Georgia, you have the freedom to go just about anywhere with our Atlanta car rentals. The city offers a lot to see and do. Purchase a city pass and gain access to all kinds of exciting attractions, such as the Inside CNN Studio Tour or the Fernbank Museum of Natural History. Learn about one of the world’s best-selling brands at the World of Coca-Cola. If you are into professional sports, you can catch an exciting game of Falcons football at the Georgia Dome. The Little Five Points neighborhood is known for its alternative atmosphere and offers dining, shopping and music. Test your skill level out on the 18-hole greens of Stone Mountain golf course, just a few minutes from downtown. Budget at Stone Mountain has car rentals that will take you wherever your heart desires. If you are looking for an Atlanta rental car deal, look no further than Budget car rental at Stone Mountain. When you book your car ahead of time, it will be ready and waiting upon your arrival. You can save even more time with Budget car rental at Stone Mountain with the Fastbreak program, which allows you to flash your license, grab your keys and go. Reserve your car today with our 60-second online booking process.
Additional Location Information
Select from a wide variety of vehicles at Budget Atlanta/Stone Mountain, check out the latest Atlanta/Stone Mountain Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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