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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
Fremont
Additional Travel Information
Whether you’ll be in town for a single night or a few weeks of family fun, Fremont car rentals can help you to make the most of your time in the area. In between major attractions and landmarks, you can sneak away in your vehicle to explore the heart of Fremont and see what the San Francisco Bay Area has to offer. Arguably the most convenient spot to pick up and drop off your choice of rental car is from the Budget Rent a Car on Central Avenue. Central Avenue is in the center of the city, making it easier for you to quickly grab your vehicle and get the family vacation started.Car rentals are a must when visiting Fremont. Just outside of San Francisco, the city is one of the most exciting in California, and it is home to plenty of attractions worth exploring. Top picks for the whole family include the Ardenwood Historic Farm and the Sunol Water Temple. If you’re eager to get outside and soak up the California sunshine, rent bikes to cycle along the 12 mile Alameda Creek Trail or hike up Mission Peak for stunning views of the Bay Area.For affordable rental cars that allow you to make the most of your time in the area, the Budget Central Avenue location is ideal. Whether you are hoping to book a convertible to enjoy the fresh air as you cruise the coast or a minivan big enough to fit the whole family comfortably, the Central Avenue Fremont location for Budget car rentals has you covered. Make your family’s dreams come true thanks to an affordable getaway with personal transportation to customize your trip.
Additional Location Information
Select from a wide variety of vehicles at Budget Fremont, check out the latest Fremont Car Rental Deals, and be confident that you are getting the best rental rates in California !
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