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
Pep Boys
Additional Travel Information
New Orleans might be a city best suited for adults and college students, but Baton Rouge is a great place for younger and older couples and families too. Home to Louisiana State University, it is also home to several museums owned and operated by that university, including the LSU Rural Life Museum. College football fans may even want to schedule their trip around one of the home games at Tiger Stadium. When you rent from Budget Rent A Car at Pep Boys, you’ll have plenty of money left over for souvenirs. Budget at Pep Boys offers a low price guarantee, which means that you won’t find a lower price anywhere else on the web, and if you do, the company will match that price. You can save 10 percent or more when you book your car in advance, or you can take advantage of savings on last minute deals when there are more rental cars available than there are reservations. Don’t forget to check back with the Pep Boys site for discounts and coupons that can save you even more. Finding a Baton Rouge rental car deal is especially important when you travel with kids because you want to see as many things as possible with your children. Whether you want to explore the USS Kid or the Old State Capital, the Pep Boys Baton Rouge location has the right car for you. Grab an SUV with space for your kids and their friends, or rent a sedan to navigate the crowded city streets a little easier. With a Budget car rental from Pep Boys, it’s easy for to start your trip off right. Search for car rentals today.
Additional Location Information
Select from a wide variety of vehicles at Budget Pep Boys, check out the latest Pep Boys Car Rental Deals, and be confident that you are getting the best rental rates in Louisiana !
Book a Car Rental at Pep Boys in 60 seconds!
Own or work here?
Nearby Businesses
