Rate Budget Car Rental
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
Fairview Heights/Swansea
Additional Travel Information
Located in southwestern Illinois, Fairview Heights is a family-friendly destination that shoppers love because of its large number of shopping centers. Also known for the local air force base, the Fairview Height area may draw you in while you’re visiting family or friends. While planning your trip, turn to Budget car rental on North Illinois Street to find the perfect vehicle for your trip. Search for an economy car or a compact to save on gas mileage, and if you head off on a longer journey, find out how you can pay your tolls in advance with the e-tolls option. Budget on North Illinois Street also offers plenty of larger vehicles for bigger groups and families, including sedans and SUVs. Having more trunk and storage space is important when you want to shop at the St. Claire Square Mall. The North Illinois Street Budget offers promo codes and deals on its website too, which helps you save big on car rentals. Finding a Fairview Heights rental car deal gives you more cash to spend at the Casino Queen Casino in nearby St. Louis, but you may also want to take in a Cardinals game, visit the St. Louis Zoo or take a tour of the Anheuser-Busch Brewery. The ancient Cahokia Mounds are also worth a visit. Our North Illinois Street Fairview Heights location helps you find just the right car, van or SUV for your trip to the region. Search for rental cars that are available during your trip. Once you find one you like, you can make your reservation online at the Budget website.
Additional Location Information
Select from a wide variety of vehicles at Budget Fairview Heights/Swansea, check out the latest Fairview Heights/Swansea Car Rental Deals, and be confident that you are getting the best rental rates in Illinois !
Book a Car Rental at Fairview Heights/Swansea in 60 seconds!
Own or work here?
Nearby Businesses
