Rate Budget Car Rental
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
Sears Grand Auto Center
Additional Travel Information
When you are considering car rentals for your trip to Austin, Budget car rental off North Highway I-35 has whatever you and your family need for your drive through the live music capital of the world. Visit the Moody Theatre and watch a concert being filmed for Austin City Limits. You can use one of our GPS equipped rental cars to head straight to Plum Creek Golf Course, one of many scattered throughout the city, for some friendly outdoor competition. To watch college athletes compete at their highest level, let the family enjoy the excitement of a Texas Longhorns game while you are in town. Austin car rentals with GPS navigation devices provide great ways to get around the city. While downtown, visit the Capitol of Texas where you can view the architecture during a self-guided tour. To avoid the wait while passing through toll booths, Budget on North Highway I-35 can put you in a vehicle equipped with e-Toll to keep things simple. For family picnicking, hiking or biking, Lady Bird Lake can be reached via North Highway I-35 from Austin. When you need a rental car for your next visit, Budget has a vehicle suited for any trip. Need a ride? Budget can pick you up and bring you to our North Highway I-35 location and help get your visit off to a great start. Choose Budget Rent a Car North Highway I-35for the best rates on rental cars. Visit Budget.com to check out our latest deals. For additional savings book online and save up to 35 percent on your rental.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Grand Auto Center, check out the latest Sears Grand Auto Center Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
Book a Car Rental at Sears Grand Auto Center in 60 seconds!
Own or work here?
Nearby Businesses
