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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
Chico
Additional Travel Information
Whether you’re exploring the city or taking a road trip around the state of California, renting a car is a great choice for traveling. Budget Rent a Car in Esplanade has competitive prices and a large selection of vehicles from spacious minivans that will fit your whole family to small economy vehicles that will save you money on gas, Budget Esplanade can help you get the vehicle that will fit within your budget and your needs.Renting a car gives you the freedom to explore all that the city has to offer. Take a hike within the thousands of acres of Bidwell park, where you can spend the morning watching the sunrise over the valley. Adults and children alike will love the exotic animals at The Barry R. Kirshner Wildlife Foundation, and the drive up from Esplanade is filled with lovely almond orchards when in bloom. For rich cultural history, the Colman Museum displays local Native American artifacts. Chico is within reasonable driving distance of exciting cities such as Sacramento, San Francisco, and Reno, Nevada. To get a Chico rental car deal, look no further than Budget Rent a Car.Forget hailing down a taxi or taking up your time with multiple bus stops and get behind the wheel of a rental car. Budget Esplanade has affordable rental cars that will take the headache out of dealing with public transportation. With a car rental, you are not just limited to the Esplanade Chico area, but you will have the freedom to go wherever your heart desires. If you are looking for Chico car rentals, book Budget car rental Esplanade to find great discounts and get a head start on your Californian adventure today.
Additional Location Information
Select from a wide variety of vehicles at Budget Chico, check out the latest Chico Car Rental Deals, and be confident that you are getting the best rental rates in California !
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