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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
Culver City
Additional Travel Information
For families traveling together, finding the right Culver City rental car deal means saving money so you can spend it elsewhere during your vacation. Budget Rent a Car Sepulveda Boulevard can provide the right vehicle to fit your family’s needs, at a price that fits your budget. Whether your trip will include a visit to the Museum of Jurassic Technology or to the Baldwin Hills Scenic Overlook, a rental car from Budget can save you time and money over taxis or public transport, and provide the convenience of having your own vehicle while away from home.Travelers who enjoy the outdoors can drive to Rock N Rope Adventures on Centinela Avenue. Star Eco Station is also a favorite for families, with its many different species of animals and kid-friendly activities. There are a number of other fun and educational attractions in the city for you and your family to explore. A vehicle from Budget Sepulveda Boulevard can take you to the Wende Museum, which provides information about the Berlin Wall, or to Allied Model Trains, which offers a large selection of Thomas the Tank Engine and BRIO train sets. Kids love trains, and Allied is right on Sepulveda Boulevard as well.Our Sepulveda Boulevard Culver City location is ideally located for travelers who want to experience all that the area has to offer. Sony Pictures Studios, Culver Ice Rink and Eco Dive Center are all within easy driving distance. Culver City car rentals run the gamut in terms of price and value, but you can be confident that you’re getting the best rates in California when you rent from Budget car rental Sepulveda Boulevard. The process is designed to be as quick and simple as possible, so you and your family can choose one of our rental cars and enjoy your trip without worrying about how to get around the city.
Additional Location Information
Select from a wide variety of vehicles at Budget Culver City, check out the latest Culver City Car Rental Deals, and be confident that you are getting the best rental rates in California !
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