Budget Car Rental
Cleveland, OH Hours and Location

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

Cleveland Hopkins Airport

Additional Travel Information

Cleveland is a relatively inexpensive and extremely enjoyable city to visit, packed with plenty of culture, entertainment, sports and one of the coolest party strips in the Midwest United States.

Once you land at Cleveland Hopkins Airport, (CLE) head to the Budget Car Rental counter for the best in quality airport rental cars. We have a full selection of Cleveland airport car rentals to choose from, whether you’re interested in an SUV, luxury sedan, compact car or hybrid model. Select a high-occupancy car or truck if you’re traveling with guests, a coupe if you’re visiting alone or as a couple, or a convertible if you really want to let your hair down in the summer. Whatever your needs, we have the right CLE car rental for your trip.

Find music, art and memorabilia dating from the blues era to the present at the Rock and Roll Hall of Fame, a must-see destination for pop music enthusiasts. If you’re with the kids, make your way to the University Circle neighborhood’s Children’s Museum of Cleveland, an exciting and interactive environment where kids and grown-ups alike can learn, play and have fun together. The Cleveland Metroparks Zoo is only 4 miles south of downtown off of Fulton Avenue. It boasts a captivating collection of animals from across the globe. While you’re there, embark on the Australian Adventure, or explore two acres of enclosed rainforest that’s home to wildlife found in the tropical jungle.

The afore-mentioned “coolest party strip in the Midwest” is the Warehouse District, a gentrified street with cafés, live music and summer patios up and down the street.

Budget’s deals on Cleveland Hopkins Airport rental cars will start any trip off on the right note. And don’t forget to sign up for the Fastbreak program.

Additional Location Information

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