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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.

… more

About this location:

Location

Chula Vista

Additional Travel Information

As a diverse coastal town just 7 miles south of San Diego, Chula Vista has a unique character all its own. The city, along with the rest of the South Bay region, attracts thousands of visitors every year for its sandy beaches, marinas, museums and entertainment venues. To enjoy all that the South Bay has to offer, it’s recommended that travelers take advantage of Chula Vista car rentals. From fuel-efficient economy vehicles to spacious minivans, guests can find a variety of options at Budget Rent a Car L Street.The L Street Budget is located just minutes from the San Diego Bay and various lodging locales. If you are looking to avoid long lines and paperwork, L Street Budget is a participating Fastbreak location. Join Fastbreak today, your rental preferences will be on file so you can flash your license; grab your keys and go.With a Chula Vista rental car deal, visitors can see firsthand why the city has a name that means “beautiful view” in Spanish. The South Bay is home to one of three U.S. Olympic Training Centers along with popular family attractions such as the Living Coast Discovery Center and Otay Valley Regional Park. After exploring the Sweetwater Marsh and enjoying some whale watching at one of the many bay marinas, a rental vehicle can make it easy to catch a show at the Sleep Train Amphitheatre or OnStage Playhouse. The Budget car rental L Street can handle all your transportation needs for your next trip to the South Bay.

Additional Location Information

Select from a wide variety of vehicles at Budget Chula Vista, check out the latest Chula Vista Car Rental Deals, and be confident that you are getting the best rental rates in California !
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