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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/Sandy Springs
Additional Travel Information
Budget Rent a Car in Sandy Springs has some of the best rental rates in Georgia. For your visit to the Peach State, take advantage of an Atlanta rental car deal at Sandy Springs. We offer a variety of rental cars to meet your family’s needs. Budget car rental Sandy Springs is conveniently located on Roswell Road in Sandy Springs in Atlanta. With Atlanta car rentals, you can drive through the different neighborhoods, like Castleberry Hill and Midtown. Upgrade your rental package with a GPS system to navigate the city. Downtown, you can visit the World of Coca Cola, the Georgia Aquarium, and the Centennial Olympic Park. Drive out to the historic Ansley Park neighborhood to tour the Botanical Garden. For shopping and dining, head to Buckhead. If you want to tour a presidential library, head to the Old Fourth Ward for the Jimmy Carter Library and Museum. Atlanta car rentals give you the freedom to explore on your terms. You can get out of town to hike in Cochran Mill Park, located southwest of the city, and explore its rock outcroppings, old mill ruins and small waterfalls. When you are planning your vacation and need an Atlanta rental car deal, you can book your selection with Budget Rent a Car in Sandy Springs in 60 seconds. Customers can save up to 30 percent when they book online. Take advantage of Fastbreak at Sandy Springs so that you can flash your license, grab your keys and go.
Additional Location Information
Select from a wide variety of vehicles at Budget Atlanta/Sandy Springs, check out the latest Atlanta/Sandy Springs Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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