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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
Sears Auto Center-Chico Mall
Additional Travel Information
If you want to enjoy a relaxing trip while visiting Chico, California, Budget Rent a Car in the Chico Mall offers a wide selection of vehicles to ensure that both small and large families are comfortable while traveling. This location offers a complimentary pick-up service, call to confirm your pick-up location is eligible. Whether you prefer to travel in a passenger van or want to enjoy the beautiful weather in a luxurious convertible, there is a number of different models at Chico Mall available to suit your needs.Drive your rental car to view the historic architecture at Bidwell Mansion State Historic Park. A rental car from Budget at the Chico Mall can also make for a quicker ride to the National Yo-Yo Museum or the Gateway Science Museum on Esplanade Street. Budget at the Chico Mall in Chico offers safe and reliable vehicles to ensure that you can enjoy a smooth ride. You can also find a Chico rental car deal that works within your specific budget.Rental cars from the Chico mall are an affordable way to get around town on your family vacation, and visit tourist attractions including the Air Museum and the Janet Turner Print Museum. Budget car rental at the Chico Mall is a Fastbreak counter location. Sign up for Fastbreak today, you can save your rental information ahead of time, flash your license; grab your keys and go. Call today to find out about deals on affordable Chico car rentals or book online and save up to 30 percent.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Center-Chico Mall, check out the latest Sears Auto Center-Chico Mall Car Rental Deals, and be confident that you are getting the best rental rates in California !
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